North America Compostable Foodservice Packaging Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Packaging Type (Trays, Cups and Plates, Cutlery, Clamshell, Bowls, Pouches and Sachets, and Others) and Material (Paper and Paperboard, Compostable Plastic (Bio-Plastic), and Others
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
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. North America Compostable Foodservice Packaging Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. North America Compostable Foodservice Packaging Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Foodservice Industry
5.1.2 Advancement and Development in The Packaging Industry
5.2 Restraint
5.2.1 High Price of Compostable Materials for Packaging
5.3 Opportunity
5.3.1 Focus on Sustainable Packaging Aims to Creates Opportunities
5.4 Future Trend
5.4.1 Rising Consumer Demand for Pre-Packed Food
5.5 Impact Analysis Of Drivers And Restraints
6. Compostable Foodservice Packaging – North America Market Analysis
6.1 North America Compostable Foodservice Packaging Market Overview
6.2 North America Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players
7. Compostable Foodservice Packaging Market Analysis – By Product Type
7.1 Overview
7.2 Compostable Foodservice Packaging Market, By Packaging Type (2019 and 2027)
7.3 Trays
7.3.1 Overview
7.3.2 Trays: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Cups and Plates
7.4.1 Overview
7.4.2 Cups and Plates: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
7.5 Cutlery
7.5.1 Overview
7.5.2 Cutlery: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
7.6 Clamshell
7.6.1 Overview
7.6.2 Clamshell: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
7.7 Bowls
7.7.1 Overview
7.7.2 Bowls: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
7.8 Pouches and Sachets
7.8.1 Overview
7.8.2 Pouches and Sachets: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
8. Compostable Foodservice Packaging Market Analysis – By Material
8.1 Overview
8.2 Compostable Foodservice Packaging Market, By Material (2019 and 2027)
8.3 Paper and Paperboard
8.3.1 Overview
8.3.2 Paper and Paperboard: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Compostable Plastic (Bio-Plastic)
8.4.1 Overview
8.4.2 Compostable Plastic (Bio-Plastic): Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
9. Compostable Foodservice Packaging Market – Regional Analysis
9.1 Overview
9.1.1 North America: Compostable Foodservice Packaging Market – Revenue and Forecast to 2027(US$ Million)
9.1.2 North America: Compostable Foodservice Packaging Market, by Packaging Type
9.1.3 North America: Compostable Foodservice Packaging Market, by Material
9.1.4 North America: Compostable Foodservice Packaging Market, by Key Country
9.1.4.1 US: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.1.1 US: Compostable Foodservice Packaging Market, by Packaging Type
9.1.4.1.2 US: Compostable Foodservice Packaging Market, by Material
9.1.4.2 Canada: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.2.1 Canada: Compostable Foodservice Packaging Market, by Packaging Type
9.1.4.2.2 Canada: Compostable Foodservice Packaging Market, by Material
9.1.4.3 Mexico: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)
9.1.4.3.1 Mexico: Compostable Foodservice Packaging Market, by Packaging Type
9.1.4.3.2 Mexico: Compostable Foodservice Packaging Market, by Material
10. Overview- Impact of COVID-19
10.1 North America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Product Development
11.2 Mergers and Acquisitions
12. Company Profiles
12.1 Genpak, LLC
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.2 Good Start Packaging
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.3 Dart Container Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.4 Graphic Packaging International, LLC
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.5 WestRock Company
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.6 Be Green Packaging
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.7 Pactiv LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.8 Anchor Packaging
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.9 Biobag Americas Inc.
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.10 ECO PRODUCTS INC.
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary
LIST OF TABLES
Table 1. North America: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. North America Compostable Foodservice Packaging Market, by Packaging Type – Revenue and Forecast to 2027 (USD Million)
Table 3. North America Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 4. US Compostable Foodservice Packaging Market, by Packaging Type – Revenue and Forecast to 2027 (USD Million)
Table 5. US Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 6. Canada Compostable Foodservice Packaging Market, by Packaging Type – Revenue and Forecast to 2027 (USD Million)
Table 7. Canada Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 8. Mexico Compostable Foodservice Packaging Market, by Packaging Type – Revenue and Forecast to 2027 (USD Million)
Table 9. Mexico Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2027 (USD Million)
Table 10. Glossary of Terms, Global Compostable Foodservice Packaging Market
LIST OF FIGURES
Figure 1. North America Compostable Foodservice Packaging Market Segmentation
Figure 2. North America Compostable Foodservice Packaging Market Segmentation – By Country
Figure 3. North America Compostable Foodservice Packaging Market Overview
Figure 4. Cups and Plates Segment Held Largest Share of North America Compostable Foodservice Packaging Market
Figure 5. US Held Largest Share of North America Compostable Foodservice Packaging Market
Figure 6. North America Compostable Foodservice Packaging Market, Industry Landscape
Figure 7. North America: PEST Analysis
Figure 8. Expert Opinion
Figure 9. North America Compostable Foodservice Packaging Market Impact Analysis Of Driver And Restraints
Figure 10. Geographic Overview of Compostable Foodservice Packaging Market
Figure 11. North America: Compostable Foodservice Packaging Market – Revenue and Forecast to 2027 (US$ Million)
Figure 12. Compostable Foodservice Packaging Market Revenue Share, by Packaging Type (2019 and 2027)
Figure 13. Trays: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 14. Cups and Plates: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 15. Cutlery: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 16. Clamshell: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 17. Bowls: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Pouches and Sachets: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 19. Others: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Compostable Foodservice Packaging Market Revenue Share, by Material (2019 and 2027)
Figure 21. Paper and Paperboard: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 22. Compostable Plastic (Bio-Plastic): Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Others: Compostable Foodservice Packaging Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. North America: Compostable Foodservice Packaging Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. North America: Compostable Foodservice Packaging Market Revenue Share, by Packaging Type (2019 and 2027)
Figure 26. North America: Compostable Foodservice Packaging Market Revenue Share, by Material (2019 and 2027)
Figure 27. North America: Compostable Foodservice Packaging Market Revenue Share, by Key Country (2019 and 2027)
Figure 28. US: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)
Figure 29. Canada: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)
Figure 30. Mexico: Compostable Foodservice Packaging Market –Revenue and Forecast to 2027 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in North American Country Markets
The List of Companies - North America Compostable Foodservice Packaging Market
- Genpak, LLC;
- Good Start Packaging;
- Dart Container Corporation;
- Graphic Packaging International, LLC;
- WestRock Company;
- Be Green Packaging;
- Biobag Canada Inc.;
- ECO PRODUCTS INC.
- Pactiv, LLC
- Elk Packaging
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America compostable foodservice packaging market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.