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Global Compostable Foodservice Packaging Market to reach USD XX billion by 2028.

Global Compostable Foodservice Packaging Market to reach USD XX billion by 2028.

Product Code: CMP-99720894
Publish Date: 3-02-2022
Page: 200

Global Compostable Foodservice Packaging Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Compostable food packaging is made, of environment friendly products which can be easily disposable. Compostable food packaging is made from plant-based and recycled materials. Growing demand for sustainable packaging solutions and rising R&D activities and new product launches are key drivers for the growth of Compostable Foodservice Packaging market. For instance, according to global database management company Statista- In 2019, the global market value of green packaging estimated at USD 178.6 billion and is estimated to reach USD 246.3 billion by the year 2025. Also, in august 2021 Innovative Food Holdings, Inc. a leading direct-to-consumer e-commerce platform with complete multi-channel, specialty food and grocery capabilities launched industry-leading sustainable packaging solutions for the Company’s e-commerce and direct-to-consumer offerings. Innovative Food Holdings has upgraded its direct-to-consumer packaging to 100% sustainable and recyclable solutions. Also, with growing Food & beverages industry in emerging economies and rapid urbanization, the adoption & demand for Compostable Foodservice Packaging is likely to increase the market growth during the forecast period. However, negative impact of covid 19 pandemic on food & beverages industry impedes the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Compostable Foodservice Packaging market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share owing to rise in demand for ready-to-eat meals in the region. Whereas Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2022-2028. Factors such as growing packaged food industry would create lucrative growth prospects for the Compostable Foodservice Packaging market across Asia-Pacific region.

Major market player included in this report are:
Huhtamaki Oyj
WestRock Company
Stora Enso
Georgia Pacific LLC
Be Green Packaging
Berry Global, Inc.
Pactiv LLC
TIPA Compostable Packaging
Genpak, LLC.
Virosac S.r.l.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Packaging Type:
Pouches & Sachets
By Material Type:
Paper & paperboard
By End Use Industries:
Chain Restaurants
Non-Chain Restaurants
Chain Café
Non-Chain Café
Delivery Catering
Independent Sellers/ Kiosks
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Compostable Foodservice Packaging Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Compostable Foodservice Packaging Market, by Region, 2020-2028 (USD Billion)
1.2.2. Compostable Foodservice Packaging Market, by Packaging Type, 2020-2028 (USD Billion)
1.2.3. Compostable Foodservice Packaging Market, by Material Type, 2020-2028 (USD Billion)
1.2.4. Compostable Foodservice Packaging Market, by End Use Industries, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Compostable Foodservice Packaging Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Compostable Foodservice Packaging Market Dynamics
3.1. Compostable Foodservice Packaging Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Growing demand for sustainable packaging solutions. Rising R&D activities and new product launches.
3.1.2. Market Challenges Negative impact of covid 19 pandemic on food & beverages industry.
3.1.3. Market Opportunities Growing Food & beverages industry in emerging economies. Rapid Urbanization.
Chapter 4. Global Compostable Foodservice Packaging Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Compostable Foodservice Packaging Market, by Packaging Type
6.1. Market Snapshot
6.2. Global Compostable Foodservice Packaging Market by Packaging Type, Performance – Potential Analysis
6.3. Global Compostable Foodservice Packaging Market Estimates & Forecasts by Packaging Type 2019-2028 (USD Billion)
6.4. Compostable Foodservice Packaging Market, Sub Segment Analysis
6.4.1. Plates
6.4.2. Trays
6.4.3. Bowls
6.4.4. Cups
6.4.5. Clamshell
6.4.6. Cutlery
6.4.7. Pouches & Sachets
6.4.8. Others

Chapter 7. Global Compostable Foodservice Packaging Market, by Material Type
7.1. Market Snapshot
7.2. Global Compostable Foodservice Packaging Market by Material Type, Performance – Potential Analysis
7.3. Global Compostable Foodservice Packaging Market Estimates & Forecasts by Packaging Type 2019-2028 (USD Billion)
7.4. Compostable Foodservice Packaging Market, Sub Segment Analysis
7.4.1. Plastic
7.4.2. Paper and paperboard
7.4.3. Others

Chapter 8. Global Compostable Foodservice Packaging Market, by End Use Industries
8.1. Market Snapshot
8.2. Global Compostable Foodservice Packaging Market by End Use Industries, Performance – Potential Analysis
8.3. Global Compostable Foodservice Packaging Market Estimates & Forecasts by End Use Industries 2019-2028 (USD Billion)
8.4. Compostable Foodservice Packaging Market, Sub Segment Analysis
8.4.1. Chain Restaurants
8.4.2. Non-Chain Restaurants
8.4.3. Chain Café
8.4.4. Non-Chain Café
8.4.5. Delivery Catering
8.4.6. Independent Sellers/ Kiosks

Chapter 9. Global Compostable Foodservice Packaging Market, Regional Analysis
9.1. Compostable Foodservice Packaging Market, Regional Market Snapshot
9.2. North America Compostable Foodservice Packaging Market
9.2.1. U.S. Compostable Foodservice Packaging Market Packaging Type breakdown estimates & forecasts, 2019-2028 Material Type breakdown estimates & forecasts, 2019-2028 End Use Industries breakdown estimates & forecasts, 2019-2028
9.2.2. Canada Compostable Foodservice Packaging Market
9.3. Europe Compostable Foodservice Packaging Market Snapshot
9.3.1. U.K. Compostable Foodservice Packaging Market
9.3.2. Germany Compostable Foodservice Packaging Market
9.3.3. France Compostable Foodservice Packaging Market
9.3.4. Spain Compostable Foodservice Packaging Market
9.3.5. Italy Compostable Foodservice Packaging Market
9.3.6. Rest of Europe Compostable Foodservice Packaging Market
9.4. Asia-Pacific Compostable Foodservice Packaging Market Snapshot
9.4.1. China Compostable Foodservice Packaging Market
9.4.2. India Compostable Foodservice Packaging Market
9.4.3. Japan Compostable Foodservice Packaging Market
9.4.4. Australia Compostable Foodservice Packaging Market
9.4.5. South Korea Compostable Foodservice Packaging Market
9.4.6. Rest of Asia Pacific Compostable Foodservice Packaging Market
9.5. Latin America Compostable Foodservice Packaging Market Snapshot
9.5.1. Brazil Compostable Foodservice Packaging Market
9.5.2. Mexico Compostable Foodservice Packaging Market
9.6. Rest of The World Compostable Foodservice Packaging Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Huhtamaki Oyj Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments

10.2.2. WestRock Company
10.2.3. Stora Enso
10.2.4. Georgia Pacific LLC
10.2.5. Be Green Packaging
10.2.6. Berry Global, Inc.
10.2.7. Pactiv LLC
10.2.8. TIPA Compostable Packaging
10.2.9. Genpak, LLC.
10.2.10. Virosac S.r.l.

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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