Some of the key players in global Compostable Foodservice Packaging market are Cereplast Inc., Biosphere Industries LLC, Penley Corporation, Anchor Packaging, Eco Products Inc., International Paper Company, and Huhtamaki.
Gaithersburg, Maryland, United States - September 9, 2019 /MarketersMedia/ —
Some of the key factors influencing the market growth include rising awareness regarding the ill-effects of single-use plastics and various materials on the environment and surging adoption of foodservice disposables. However, high price of compostable materials for packaging is restraining the market growth.
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Compostable foodservice packaging was identified as a feasible solution. With ‘sustainability’ and ‘zero-waste’ gaining traction, compostable items made of plant-based material that can decompose along with food waste, and turn into compost continue to gain the attention of foodservice industry. Compostable packaging does not require petroleum during production, as it is made completely from organic matter and has no plastic in it.
Based on the material type, Poly Lactic Acid (PLA) is a non-toxic, compostable bio based material derived from starch and/or sugar and has high mechanical strength and plasticity. It is accepted as GRAS (Generally Recognized as Safe) by the Food and Drug Administration (FDA) and suitable for using in food and beverage packaging. PLA is primarily obtained from lactic acid which can be produced from renewable substances such as potato, wheat and corn starch.
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By Geography, Asia-Pacific is expected to grow at the significant rate over the forecast period owing to a large population as well rising awareness among the consumers.
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Packaging Types Covered:
• Trays
• Cups
• Plates
• Cutlery
• Bowls
• Clamshell
• Pouches & Sachets
• Other Packaging Types
Material Types Covered:
• Paper & Paperboard
• Other Material Types
End Users Covered:
• Chain Cafe
• Non-Chain Restaurants
• Chain Restaurants
• Independent Sellers/ Kiosks
• Delivery Catering
• Full Service Restaurants
• Non-Chain Cafe
• Limited Service Restaurants
• Bars
• Confectioneries
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Source: MarketersMedia
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