Compostable Foodservice Packaging Market Analysis to 2028
Compostable foodservice packaging is engineered or developed from a combination of various recycled, plant-based materials such as wood pulp, potato starch, bagasse and palm leaves. It is eco-friendly packaging that has gained popularity across foodservice industry. The increase in demand for compostable packaging in food service industry is driven by stringent government regulations.
The foodservice industry is anticipated to grow during the forecast period due to the improvements in the economic conditions of developing countries, rapid urbanization, and fast-paced lifestyles. The on-the-go meal trend is increasingly rising across a lot of countries. The compostable foodservice packaging growth is driven by the expansion in quick-service restaurants that rely massively on compostable foodservice packaging. A rise in consumers who prefer to order food online has increased drastically. In the case of pizza, the home delivery system has been another primary driver for the industry.
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