North America Compostable Foodservice Packaging Market

The compostable foodservice packaging market in North America was valued at US$ 4,051.36 million in 2019 and is projected to reach US$ 6,139.42 million by 2027; it is expected to grow at a CAGR of 5.5% from 2020 to 2027.

Market Introduction

Compostable packaging materials are those materials which do not cause any harm to the environment and can easily compost under certain given conditions. These types of packaging materials are composed of organic matter and do not involve the use of fossil fuels in production. This serves as one of the potential benefit for the growth of the market as there is minimum or no need to create burden on fossil fuel. With the growth of foodservice industry along with rising inclination towards environment friendly packaging materials, the use of compostable packaging materials in foodservice has risen considerably. 

Market Overview and Dynamics

With the rising concerns towards depletion of natural resources coupled with growing focus towards environment sustainability and zero-waste, the use of compostable form of plant-based material is expected to gain traction in foodservice industry. It is, in turn, expected to promote the growth of compostable foodservice packaging market in North America during the forecast period.

Impact of COVID-19 Pandemic on North America Compostable Foodservice Packaging Market 

The COVID-19 pandemic was first reported in Wuhan, China, in December 2019. The outbreak is adversely affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns imposed by governments. Chemical and material is one of the significant sectors suffering severe disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. India has the highest number of COVID-19 confirmed cases in Asia Pacific. The supply chain is disrupted due to the pandemic, which is hindering the country's chemical and material industry. Besides, the restrictions on overall manufacturing processes, research, and development activities are also restraining the growth of the North America Compostable Foodservice Packaging market.

Key Market Segments

Based on packaging type, the North America compostable foodservice packaging market is bifurcated into trays, cups and plates, cutlery, clamshell, bowls, pouches and sachets and others. The cups and plates segment dominated the market in 2019, and it is expected to witness a higher CAGR during the forecast period. The North America compostable foodservice packaging market, by material, is bifurcated into paper and paperboard, compostable plastic (bio-plastic) and others. In 2019, the paper and paperboard segment dominated the market. 

Major Sources and Companies Listed

A few of the key players operating in the North America Compostable Foodservice Packaging market are Genpak, LLC; Good Start Packaging; Dart Container Corporation; Graphic Packaging International, LLC; WestRock Company; Be Green Packaging; Biobag Canada Inc.; ECO PRODUCTS INC. among many others.

Reasons to Buy Report

• To understand the North America compostable foodservice packaging market landscape and identify segments that are most likely to guarantee a strong return
• To comprehend the ever-changing competitive landscape of the market 
• To efficiently plan merger and acquisition, and partnership deals in the market by identifying market segments with the most promising probable sales 
• To take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment from the market
• To obtain revenue forecast for the market based on various segments from 2019 to 2027

North America Compostable Foodservice Packaging Market Segmentation

North America Compostable Foodservice Packaging Market – by Packaging Type

• Trays
• Cups and Plates
• Cutlery
• Clamshell
• Bowls
• Pouches and Sachets
• Others

North America Compostable Foodservice Packaging Market – by Technology

• Paper and Paperboard
• Compostable Plastic (Bio-Plastic)
• Others

By Country

• US
• Canada
• Mexico

Company Profiles

• Genpak, LLC.
• Good Start Packaging.
• Dart Container Corporation
• Graphic Packaging International, LLC.
• WestRock Company.
• Be Green Packaging
• Biobag Americas Inc
• ECO PRODUCTS INC
• Pactiv LLC
• Anchor Packaging

North America Compostable Foodservice Packaging Strategic Insights

Strategic insights for the North America Compostable Foodservice Packaging provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Compostable Foodservice Packaging Report Scope

North America Compostable Foodservice Packaging Regional Insights

The geographic scope of the North America Compostable Foodservice Packaging refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.