Global Sustainable Foodservice Packaging Market Size, Share, and COVID-19 Impact Analysis, By Material (Plastic, Paper, and Aluminum Foil), By Packaging Type (Boxes & Cartons, Plates, Trays, Clamshells, Bowls, and Pouches & Sachets), By End- Users (Quick Service Restaurants, Café & Kiosks, and Full-Service Restaurants), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Industry: Advanced Materials

RELEASE DATE Aug 2024
REPORT ID SI5644
PAGES 240
REPORT FORMAT PathSoft

Global Sustainable Foodservice Packaging Market Insights Forecasts to 2033

  • The Global Sustainable Foodservice Packaging Market Size was Valued at USD 59.45 Billion in 2023
  • The Market Size is Growing at a CAGR of 6.08% from 2023 to 2033
  • The Worldwide Global Sustainable Foodservice Packaging Market Size is Expected to Reach USD 107.3 Billion by 2033
  • North America is Expected to Grow the fastest during the forecast period.

Global Sustainable Foodservice Packaging Market

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The Global Sustainable Foodservice Packaging Market Size is Anticipated to Exceed USD 107.3 Billion by 2033, Growing at a CAGR of 6.08% from 2023 to 2033.

 

Market Overview

Sustainable foodservice packaging refers to packaging solutions designed to be environmentally friendly and reduce the impact on the planet. This type of packaging is made from materials that are either recyclable, compostable, or biodegradable, aiming to minimize waste and pollution. Unlike traditional packaging, which often relies on single-use plastics, sustainable foodservice packaging uses materials like recycled paper, plant-based fibers, and biodegradable plastics. These materials break down more easily or can be processed to reduce landfill waste. Sustainable packaging also focuses on reducing the carbon footprint associated with production and transportation. It often requires less energy and fewer resources to manufacture compared to conventional options. By adopting sustainable foodservice packaging, businesses can contribute to environmental conservation efforts, meet regulatory requirements, and appeal to eco-conscious consumers. The shift towards this type of packaging reflects a broader movement within the foodservice industry to operate more responsibly and support a circular economy, where materials are continuously reused and recycled. As awareness of environmental issues grows, sustainable foodservice packaging is becoming a crucial element in creating a more sustainable future for food consumption and disposal.

 

Report Coverage

This research report categorizes the market for the global sustainable foodservice packaging market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global sustainable foodservice packaging market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global sustainable foodservice packaging market.

 

Global Sustainable Foodservice Packaging Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 59.45 Billion
Forecast Period:2023-2033
Forecast Period CAGR 2023-2033 :6.08%
2033 Value Projection:USD 107.3 Billion
Historical Data for:2019-2022
No. of Pages:240
Tables, Charts & Figures:110
Segments covered:By Material, By Packaging Type, By End-Users, By Region
Companies covered::Amcor Plc, Mondi Group, Sealed Air Corporation, Tetra Pak International, Huhtamaki Oyj, Smurfit Kappa Group, Sonoco Products Company, Ardagh Group, Ball Corporation, Crown Holdings Inc., International Paper Company, Winpak Limited, Amhil North America, WestRock Company, Dart Container Corporation, and other key companies.
Growth Drivers:Rising demand for eco-friendly products drives market growth
Pitfalls & Challenges:Covid-19 Empact, Challenges, Growth, Analysis.

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Driving Factors

Rising demand for eco-friendly products drives market growth

The increasing consumer demand for eco-friendly products drives the market growth. As people become more aware of environmental issues like plastic pollution and climate change, they are actively seeking out businesses that use sustainable packaging. Consumers are now more inclined to support companies that prioritize reducing their environmental impact, which includes choosing packaging that is recyclable, compostable, or made from renewable resources. This shift in consumer preference is pushing companies to adopt sustainable packaging solutions to meet customer expectations and stay competitive. As a result, the demand for sustainable foodservice packaging continues to rise, driving market growth and encouraging more businesses to adopt environmentally friendly practices.

 

Restraining Factors

Higher costs and supply chain complexities hamper adoption

The high cost of eco-friendly materials and complex integration challenges hinder the adoption of sustainable foodservice packaging.

 

Market Segmentation

The global sustainable foodservice packaging market share is classified into material, packaging type, and end- users.

  • The paper segment is expected to hold the largest share of the global sustainable foodservice packaging market during the forecast period.   

Based on the material, the global sustainable service packaging market is categorized into plastic, paper, and aluminum foil. Among these, the paper segment is expected to hold the largest share of the global sustainable foodservice packaging market during the forecast period. The quick growth in this area is due to paper’s affordability and its lower environmental impact. Many leading companies are choosing paper for sustainable food service packaging because it’s compostable and doesn’t create microplastics, making it easy to recycle. These benefits, along with the general preference for eco-friendly materials, are driving the expansion of the sustainable packaging market.

 

  • The boxes & cartons segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the packaging type, the global sustainable foodservice packaging market is categorized into boxes & cartons, plates, trays, clamshells, bowls, and pouches & sachets. Among these, the boxes & cartons segment is expected to grow at the fastest CAGR during the forecast period. Boxes and cartons are popular in the sustainable foodservice packaging market because they are great at protecting items during transportation. They are also eco-friendly, affordable, and easy to use, which appeals to many businesses. Made from recyclable and biodegradable materials, these boxes and cartons have minimal environmental impact while providing versatility for a range of food items. Their ability to keep products safe and their sustainable nature makes them a top choice for both companies and consumers looking for effective and environmentally conscious packaging solutions.

 

  • The quick-service restaurants segment is expected to grow at the fastest CAGR during the forecast period. 

Based on the end- users, the global sustainable foodservice packaging market is categorized into quick-service restaurants, café & kiosks, and full-service restaurants. Among these, the quick-service restaurants segment is expected to grow at the fastest CAGR during the forecast period. Fast-food establishments are designed to offer affordable meals quickly, setting them apart from traditional restaurants. They typically feature minimal table service and self-service options, catering to the need for speedy dining. The growing consumer preference for healthy, budget-friendly, and readily accessible food is driving the expansion of this segment. Additionally, the consistent standards across fast-food chains such as hygiene, ambiance, accessibility, and quick service further contribute to their popularity and growth. These factors make fast-food outlets an appealing choice for people looking for efficient and cost-effective dining solutions.

 

Regional Segment Analysis of the Global Sustainable Foodservice Packaging Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is projected to hold the largest share of the global sustainable foodservice packaging market over the forecast period.

 

Asia Pacific

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Asia Pacific is projected to hold the largest share of the global sustainable foodservice packaging market over the forecast period. The rapid growth in the foodservice sector in regions like China and India, driven by their large populations and developing economies, is significantly boosting the demand for sustainable packaging. As these countries experience rising food consumption and increased awareness of environmental issues, businesses are increasingly adopting eco-friendly packaging solutions. This shift towards sustainable options is helping to meet consumer expectations and regulatory pressures, leading to a surge in regional growth. The combination of a growing population, economic development, and heightened environmental consciousness is propelling the expansion of the sustainable foodservice packaging market in these areas.

 

North America is expected to grow at the fastest CAGR growth of the global sustainable foodservice packaging market during the forecast period, largely due to supportive government policies and an increasing commitment from major companies to adopt eco-friendly packaging solutions. Governments in the region are implementing regulations and incentives that encourage businesses to transition towards sustainable practices, such as reducing plastic waste and promoting recyclable or compostable materials. This regulatory support is complemented by a growing corporate shift towards sustainability, with many leading companies investing in packaging innovations that minimize environmental impact. As a result, the market for sustainable foodservice packaging is expanding rapidly, driven by both legislative actions and the proactive efforts of businesses committed to reducing their ecological footprint.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global sustainable foodservice packaging market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Amcor Plc
  • Mondi Group
  • Sealed Air Corporation
  • Tetra Pak International
  • Huhtamaki Oyj
  • Smurfit Kappa Group
  • Sonoco Products Company
  • Ardagh Group
  • Ball Corporation
  • Crown Holdings Inc.
  • International Paper Company
  • Winpak Limited
  • Amhil North America
  • WestRock Company
  • Dart Container Corporation
  • Others

 

Key Market Developments

 

  • In June 2022, Tetra Pak partnered with Reliance-owned Milkbasket, India's first and largest daily micro-delivery service. It primarily aims to assist consumers in recycling their used beverage cartons via Milkbasket's app. Under this initiative, Milkbasket users can use the app to submit a pick-up request as well as their usual grocery delivery order.

 

  • In March 2022, Winpak, a leading manufacturer and distributor of high-quality packaging materials for healthcare, perishable foods, and beverages, announced that it will offer Winpak with Ultra-Pure Recycled (UPR) Polypropylene (PP) from its new facility in Augusta, Georgia. The agreement will broaden Winpak's recyclable packaging options, as well as provide the brand and consumers with more recycled plastic.

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global sustainable foodservice packaging market based on the below-mentioned segments: 

 

Global Sustainable Foodservice Packaging Market, By Material

  • Plastic
  • Paper
  • Aluminum Foil

 

Global Sustainable Foodservice Packaging Market, By Packaging Type

  • Boxes & Cartons
  • Plates
  • Trays
  • Clamshells
  • Bowls
  • Pouches & Sachets

 

Global Sustainable Foodservice Packaging Market, By End-users

  • Quick Service Restaurants
  • Café & Kiosks
  • Full Service Restaurants

 

Global Sustainable Foodservice Packaging Market, By Regional

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the global sustainable foodservice packaging market over the forecast period?
    The global sustainable foodservice packaging market Size is Expected to Grow from USD 59.45 Billion in 2023 to USD 107.3 Billion by 2033, at a CAGR of 6.08% during the forecast period 2023-2033.
  • 2. Which region is expected to hold the highest share in the global sustainable foodservice packaging market?
    Asia Pacific is projected to hold the largest share of the global sustainable foodservice packaging market over the forecast period.
  • 3. Who are the top key players in the global sustainable foodservice packaging market?
    The top key players in the global sustainable foodservice packaging market are Amcor Plc, Mondi Group, Sealed Air Corporation, Tetra Pak International, Huhtamaki Oyj, Smurfit Kappa Group, Sonoco Products Company, Ardagh Group, Ball Corporation, Crown Holdings Inc., International Paper Company, Winpak Limited, Amhil North America, WestRock Company, Dart Container Corporation, Others.

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