Compostable Takeout Container Market was valued at USD 1.12 Billion in 2022 and is projected to reach USD 2.96 Billion by 2030, growing at a CAGR of 12.9% from 2024 to 2030.
However, the outlook for 2023 to 2033 appears even more promising as the demand for compostable takeout containers continues to escalate. Global efforts to combat climate change and reduce single-use plastic waste are expected to play a pivotal role in this market’s growth. Governments across the world are implementing stricter regulations on plastic packaging, which is expected to further boost the adoption of compostable options. The transition to a circular economy and the widespread implementation of composting systems in urban areas will be key drivers of demand for compostable packaging solutions. Market analysts predict a CAGR of over 15% from 2023 to 2033, as both large corporations and small enterprises prioritize sustainable practices.
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The compostable takeout container market has witnessed substantial growth from 2018 to 2022, driven by rising environmental awareness and the demand for sustainable alternatives to traditional plastic packaging. The market experienced a surge as consumers, businesses, and governments alike sought ways to reduce plastic waste. By 2022, the demand for compostable takeout containers was at an all-time high, with a shift towards eco-friendly options by restaurants, food delivery services, and event organizers. Consumers are increasingly willing to pay a premium for environmentally friendly packaging that aligns with their values. This market expansion was fueled by legislative actions and a growing number of businesses adopting green practices to appeal to eco-conscious consumers.
Groupe Lacroix
Faerch AS
Huhtamäki
Genpak
BioPak
Vegware
Van De Velde Packaging
Sabert
Reynolds
Dart Container
Graphic Packaging
Dixie Consumer Products
Karat Packaging
PakPlast
Pactiv Evergreen
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Compostable Takeout Container Market
Transportation Catering Services
QSR and FSR
Institutional Catering Services
Retail
Others
Based on Types the Market is categorized into Below types that held the largest Compostable Takeout Container market share In 2023.
Plastic Containers
Paper Containers
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Compostable Takeout Container Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Compostable Takeout Container Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Compostable Takeout Container Market, By Type
6. Global Compostable Takeout Container Market, By Application
7. Global Compostable Takeout Container Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Compostable Takeout Container Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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