PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1628900
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1628900
Compostable Food Service Disposables Market size was valued at USD 8,514.5 Million in 2023, expanding at a CAGR of 5.20% from 2024 to 2032.
The materials used to make compostable food service disposables include bamboo, sugarcane, and cornstarch. They come in a variety of sizes, shapes, and colours and are affordable, lightweight, and practical. Additionally, they are environmentally friendly and sustainable and help lower the chance of food contamination. The growing popularity of fast-casual dining establishments and food delivery services, as well as growing awareness of the negative environmental implications of traditional plastic packaging, have all contributed to the compostable foodservice disposables market's recent notable expansion. Furthermore, the market is growing due to the growing emphasis on biodegradable substitutes brought on by the shortage of recycling facilities for disposable paper and plastic products worldwide.
Compostable Food Service Disposables Market- Market Dynamics
Advances in Biodegradable Substances
The efficiency of biodegradable packaging is being increased by advancements in biodegradable materials like polylactic acid (PLA) and bioplastics. For instance, KFC started testing a novel fibre-based "spork" at a few Canadian sites in November 2020. This program is in line with the larger movement in the food service sector to combat plastic pollution and advance sustainability. These initiatives promote the switch to more environmentally friendly packaging options by encouraging the use of biodegradable substitutes. Furthermore, the performance, longevity, and affordability of biodegradable materials are being greatly improved by technological developments, opening up new markets. This will boost the compostable food service disposables market growth over the forecast period.
Compostable Food Service Disposables Market- Key Insights
As per the analysis shared by our research analyst, the global Compostable Food Service Disposables Market is estimated to grow annually at a CAGR of around 5.20% over the forecast period (2024-2032)
Based on material segmentation, the paper category was predicted to show maximum market share in the year 2023
Based on packaging type segmentation, the plates was the leading segment in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Compostable Food Service Disposables Market is segmented on the basis of Material, Packaging type, End-user, and Region.
Based on material, the market is segmented into Paper, Plastic, Bagasse & Seaweed. The market for compostable food service disposables is seeing significant expansion in the paper category because of growing consumer and corporate demand for environmentally friendly substitutes for plastic. Paper-based disposables, including plates, cups, and utensils, are becoming more and more popular as a result of growing environmental consciousness and governmental pressure to decrease plastic waste. Paper goods have the advantages of being recyclable and biodegradable, which fits perfectly with the food service industry's sustainability objectives.
By end-user, the market is segregated into Cafe, Restaurants, Delivery Services, and Others. In the market for compostable food service disposables, the restaurant category is expanding significantly. The food service industry's growing emphasis on sustainability and waste reduction is a major factor in this trend, as many eateries are implementing eco-friendly procedures to satisfy customer demand for choices that are less harmful to the environment. Restaurants are increasingly using compostable alternatives for goods like plates, cutlery, straws, and takeout containers as rules on single-use plastics tighten in different countries. These throwaway items, which are frequently manufactured from renewable materials like sugarcane, cornstarch, and plant fibres, complement contemporary customers' eco-conscious ideals and lessen their negative effects on the environment.
Compostable Food Service Disposables Market- Geographical Insights
Geographically, the Compostable Food Service Disposables Market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Growing environmental consciousness and customer desire for sustainable packaging options are driving significant growth in the North American market for compostable food service disposables. Eco-friendly disposable products, such as compostable plates, cups, cutlery, and takeaway containers, have become increasingly popular as more consumers and companies place a higher priority on minimizing plastic waste. Particularly in the US and Canada, laws and rules that promote or require the use of compostable and biodegradable packaging in the food service sector are being introduced.
The market for compostable food service disposables is expanding significantly in the Asia Pacific area due to rising environmental consciousness and a trend toward sustainable practices. Convenient single-use food service items are in high demand due to rapid urbanization, changing lifestyles, and increased disposable incomes. This has raised awareness of the environmental impact of typical plastic disposables. Asia-Pacific governments are enforcing strict laws to cut down on plastic trash, which is forcing companies to switch to more environmentally friendly options.
Among the leading businesses in the compostable food service disposables market are Smurfit Kappa, TIPA, Earthpack, EcoProducts, Genpak, and others. Major market participants are continuously focusing on business expansion activities through partnerships and collaborations across the value chain. Furthermore, their well-known brand and robust global presence have bolstered consumer confidence and loyalty, leading to a rise in product adoption. For instance, in November 2022, Vegware expanded its product line to include moulded fibre packaging. This range includes takeaway boxes and dinnerware-shaped containers for industrial composting.
April 2023: The company Dart Container has started a new initiative to recover food service packaging. This project will allow customers in the United States to mail their used Dart food service packaging to the proper recycler.
November 2022: The company Huhtamaki Oyj increased its paper-based packaging production capacity in Spain in order to meet the growing needs from its clients.