At 3.5% CAGR, the Middle East & Africa compostable foodservice packaging market is projected to be worth US$ 1,182.37 million by 2028, says Business Market Insights

According to Business Market Insights research, the Middle East & Africa compostable foodservice packaging market was valued at US$ 961.05 million in 2022 and is expected to reach US$ 1,182.37 million by 2028, registering a CAGR of 3.5% from 2022 to 2028. Rising consumer demand for pre-packed food and focus on sustainable packaging aims to creates opportunities are the critical factors attributed to the Middle East & Africa compostable foodservice packaging market expansion.

The global trend towards foodservice packaging and pre-packed food has increased plastic production. Hence, a massive number of retailers and foodservice industries are concentrating on environmentally compatible packaging. Consumer preference for ready-to-eat food and takeaway is rising due to changing lifestyles, increasing disposable incomes, and rapid urbanization, mainly in emerging economies. More consumer trends are also guided by the desire for more portion, personal choices, variety, and shelf life. Nevertheless, according to a study by the United States Department of Agriculture, owing to the time limitations, due to employment shift, consumer demand from grocery stores to pre-packed food or ready-to-eat food has been growing at a fast pace. This, in turn, creates a need for pre-packed food. Further, corporate work culture leading to home food habits is also augmenting the demand for compostable foodservice packaging. Considering consumers' changing lifestyles, many retailers and foodservice industries have revolved around the need for compostable foodservice packaging solutions. Thus, pre-packed food is dominantly fueled by factors, such as demand for nutritious food with low calories and the innovative advancements in packaging technology. Hence, the rising demand for pre-packed food is boosting the compostable foodservice market in the forecast period.

On the contrary, high price of compostable materials for packaging hurdles the growth of Middle East & Africa compostable foodservice packaging market.

Based on product, the Middle East & Africa compostable foodservice packaging market is segmented into trays, cups and plates, cutlery, clamshell, bowls, pouches and sachets, and others. The cups and plates segment held 39.4% share of Middle East & Africa compostable foodservice packaging market in 2022, amassing US$ 378.74 million. It is projected to garner US$ 471.73 million by 2028 to expand at 3.7% CAGR during 2022–2028.

Based on material, the Middle East & Africa compostable foodservice packaging market is segmented into paper and paperboard, compostable plastic {bio-plastic}, and others. The compostable plastic segment held 77.8% share of Middle East & Africa compostable foodservice packaging market in 2022, amassing US$ 747.80 million. It is projected to garner US$ 924.59 million by 2028 to expand at 3.6% CAGR during 2022–2028.  

Based on country, the Middle East & Africa compostable foodservice packaging market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that South Africa captured 39.1% share of Middle East & Africa compostable foodservice packaging market in 2022. It was assessed at US$ 375.60 million in 2022 and is likely to hit US$ 476.60 million by 2028, exhibiting a CAGR of 4.0% during the forecast period.  

Key players profiles in the Middle East & Africa compostable foodservice packaging market report Anchor Packaging Pty Ltd; Graphic Packaging Holding Co; Pactiv LLC; and WestRock Co, among others.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com