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Asia Pacific Compostable Foodservice Packaging Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Trays, Cups and Plates, Cutlery, Clamshell, Bowls, Pouches and Sachets, and Others) and Material (Paper and Paperboard, Compostable Plastic {Bio-Plastic}, and Others)

April 2023 | 105 pages | ID: A9E9914F64D0EN
The Insight Partners

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The Asia Pacific compostable foodservice packaging market is expected to grow from US$ 6,834.02 million in 2022 to US$ 9,488.83 million by 2028. It is estimated to grow at a CAGR of 5.6% from 2022 to 2028.

Rising Consumer Demand for Pre-Packed Food will be Drive Asia Pacific Compostable Foodservice Packaging Market

The trend towards foodservice packaging and pre-packed food has increased plastic production. Hence, a massive number of retailers and foodservice industries are concentrating on environmentally compatible packaging. Consumer preference for ready-to-eat food and takeaway is rising due to changing lifestyles, increasing disposable incomes, and rapid urbanization, mainly in emerging economies. More consumer trends are also guided by the desire for more portion, personal choices, variety, and shelf life. Nevertheless, according to a study by the United States Department of Agriculture, owing to the time limitations, due to employment shift, consumer demand from grocery stores to pre-packed food or ready-to-eat food has been growing at a fast pace. This, in turn, creates a need for pre-packed food. Further, corporate work culture leading to home food habits is also augmenting the demand for compostable foodservice packaging. Considering consumers' changing lifestyles, many retailers and foodservice industries have revolved around the need for compostable foodservice packaging solutions. Thus, pre-packed food is dominantly fueled by factors, such as demand for nutritious food with low calories and the innovative advancements in packaging technology. Hence, the rising demand for pre-packed food is boosting the compostable foodservice market in the forecast period.

Asia Pacific Compostable Foodservice Packaging Market Overview

The Asia Pacific compostable foodservice packaging market in Asia Pacific is further segmented into Australia, China, India, Japan, South Korea, and the rest of Asia Pacific. The Asia Pacific compostable foodservice packaging market is experiencing robust growth and can grow significantly in a few years. The factors mainly attributed to the growing market include an increase in the number of food service establishments, attractive architecture, delicious new cuisines offerings, along with the sustainable, and attractive packaging solutions offered by the foodservice industry. Compostable foodservice packaging such as trays, cups & plates, cutlery, clamshells, bowls, and pouches & sachets find wide application in cafes, and restaurants due to its compostability, and sustainability, which is projected to boost the market forward during the forecast period.

Many governments in the region taking initiatives in terms of advancements and developments in the packaging industry. Australians use one million kilo tons of single-use plastics annually, 12% of which is recycled. In addition, single-use plastics account for 75% of the plastic encountered along Australia’s coastlines. Hence, on March 21, 2022, The Government of Australia announced a US$ 44.4 million funding stream to help process ‘problematic’ plastic crisp packets and bread bags by developing ‘advanced’ plastic recycling technology. It will also help Australia meet its target to make 70% of its plastic packaging recyclable or compostable and increase the average amount of recycled content in its packaging by 50% by 2025. The country aims to have 70% of its plastic packaging be recyclable or compostable by 2025. Thus, the government's endorsement to develop the packaging industry is considered the primary factor for expanding the Asia Pacific compostable foodservice packaging market within the forecast period.

Asia Pacific compostable foodservice packaging market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific compostable foodservice packaging market Segmentation

The Asia Pacific compostable foodservice packaging market is segmented into product material, and country.

Based on product, the Asia Pacific compostable foodservice packaging market is segmented into trays, cups and plates, cutlery, clamshell, bowls, pouches and sachets, and others. In 2022, the cups and plates segment registered a largest share in the Asia Pacific compostable foodservice packaging market.

Based on material, the Asia Pacific compostable foodservice packaging market is segmented into paper and paperboard, compostable plastic {bio-plastic}, and others. In 2022, the compostable plastic segment registered a largest share in the Asia Pacific compostable foodservice packaging market.

Based on country, the Asia Pacific compostable foodservice packaging market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In 2022, China segment registered a largest share in the Asia Pacific compostable foodservice packaging market.

Anchor Packaging Pty Ltd; BioBag Americas Inc; Graphic Packaging Holding Co; and WestRock Co are the leading companies operating in the Asia Pacific compostable foodservice packaging market.
1. INTRODUCTION

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Compostable Foodservice Packaging Market, by Product Type
1.3.2 Asia Pacific Compostable Foodservice Packaging Market, by Material
1.3.3 Asia Pacific Compostable Foodservice Packaging Market, by Country

2. KEY TAKEAWAYS


3. RESEARCH METHODOLOGY

3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis Formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:

4. ASIA PACIFIC COMPOSTABLE FOODSERVICE PACKAGING MARKET LANDSCAPE

4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Expert Opinion

5. ASIA PACIFIC COMPOSTABLE FOODSERVICE PACKAGING MARKET – KEY MARKET DYNAMICS

5.1 Market Drivers
5.1.1 Growing Demand for Foodservice Industry
5.1.2 Advancement and Development in The Packaging Industry
5.2 Market Restraints
5.2.1 High Price of Compostable Materials for Packaging
5.3 Market Opportunities
5.3.1 Focus on Sustainable Packaging Aims to Creates Opportunities
5.4 Future Trends
5.4.1 Rising Consumer Demand for Pre-Packed Food
5.5 Impact Analysis of Drivers and Restraints

6. COMPOSTABLE FOODSERVICE PACKAGING – ASIA PACIFIC MARKET ANALYSIS

6.1 Asia Pacific Compostable Foodservice Packaging Market Overview
6.2 Asia Pacific Compostable Foodservice Packaging Market –Volume and Forecast to 2028 (Kilo Tons)
6.3 Asia Pacific Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)

7. ASIA PACIFIC COMPOSTABLE FOODSERVICE PACKAGING MARKET ANALYSIS – BY PRODUCT TYPE

7.1 Overview
7.2 Asia Pacific Compostable Foodservice Packaging Market, By Product Type (2021 and 2028)
7.3 Trays
7.3.1 Overview
7.3.2 Trays: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Cups and Plates
7.4.1 Overview
7.4.2 Cups and Plates: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Cutlery
7.5.1 Overview
7.5.2 Cutlery: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Clamshell
7.6.1 Overview
7.6.2 Clamshell: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Bowls
7.7.1 Overview
7.7.2 Bowls: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Pouches and Sachets
7.8.1 Overview
7.8.2 Pouches and Sachets: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast to 2028 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast to 2028 (US$ Million)

8. ASIA PACIFIC COMPOSTABLE FOODSERVICE PACKAGING MARKET ANALYSIS – MATERIAL

8.1 Overview
8.2 Asia Pacific Compostable Foodservice Packaging Market, By Material (2021 and 2028)
8.3 Paper and Paperboard
8.3.1 Overview
8.3.2 Paper and Paperboard: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast to 2028 (US$ Million)
8.3.3 Paper and Paperboard: Asia Pacific Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
8.4 Compostable Plastic (Bio-Plastic)
8.4.1 Overview
8.4.2 Compostable Plastic (Bio-Plastic): Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast to 2028 (US$ Million)
8.4.3 Compostable Plastic (Bio-Plastic): Asia Pacific Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
8.5 Others
8.5.1 Overview
8.5.2 Others: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast to 2028 (US$ Million)
8.5.3 Others: Asia Pacific Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)

9. ASIA PACIFIC COMPOSTABLE FOODSERVICE PACKAGING MARKET – COUNTRY ANALYSIS

9.1 Overview
9.1.1 Asia Pacific: Compostable Foodservice Packaging Market, by Key Country
9.1.1.1 Australia: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2 Australia: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
9.1.1.2.1 Australia: Compostable Foodservice Packaging Market, by Product Type
9.1.1.2.2 Australia: Compostable Foodservice Packaging Market, by Material
9.1.1.2.3 Australia: Compostable Foodservice Packaging Market, by Material
9.1.1.3 China: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4 China: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
9.1.1.4.1 China: Compostable Foodservice Packaging Market, by Product Type
9.1.1.4.2 China: Compostable Foodservice Packaging Market, by Material
9.1.1.4.3 China: Compostable Foodservice Packaging Market, by Material
9.1.1.5 India: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6 India: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
9.1.1.6.1 India: Compostable Foodservice Packaging Market, by Product Type
9.1.1.6.2 India: Compostable Foodservice Packaging Market, by Material
9.1.1.6.3 India: Compostable Foodservice Packaging Market, by Material
9.1.1.7 Japan: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.8 Japan: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
9.1.1.8.1 Japan: Compostable Foodservice Packaging Market, by Product Type
9.1.1.8.2 Japan: Compostable Foodservice Packaging Market, by Material
9.1.1.8.3 Japan: Compostable Foodservice Packaging Market, by Material
9.1.1.9 South Korea: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.10 South Korea: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
9.1.1.10.1 South Korea: Compostable Foodservice Packaging Market, by Product Type
9.1.1.10.2 South Korea: Compostable Foodservice Packaging Market, by Material
9.1.1.10.3 South Korea: Compostable Foodservice Packaging Market, by Material
9.1.1.11 Rest of Asia Pacific: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.12 Rest of Asia Pacific: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
9.1.1.12.1 Rest of Asia Pacific: Compostable Foodservice Packaging Market, by Product Type
9.1.1.12.2 Rest of Asia Pacific: Compostable Foodservice Packaging Market, by Material
9.1.1.12.3 Rest of Asia Pacific: Compostable Foodservice Packaging Market, by Material

10. INDUSTRY LANDSCAPE

10.1 Overview
10.2 New Product Development
10.3 Merger and Acquisition

11. COMPANY PROFILES

11.1 Graphic Packaging Holding Co
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 WestRock Co
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Anchor Packaging Pty Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 BioBag Americas Inc
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments

12. APPENDIX

12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES

Table 1. Asia Pacific Compostable Foodservice Packaging Market –Volume and Forecast to 2028 (Kilo Tons)
Table 2. Asia Pacific Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia Compostable Foodservice Packaging Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. Australia Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 5. Australia Compostable Foodservice Packaging Market, by Material – Volume and Forecast to 2028 (Kilo Tons)
Table 6. China Compostable Foodservice Packaging Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. China Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 8. China Compostable Foodservice Packaging Market, by Material – Volume and Forecast to 2028 (Kilo Tons)
Table 9. India Compostable Foodservice Packaging Market, by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 10. India Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 11. India Compostable Foodservice Packaging Market, by Material – Volume and Forecast to 2028 (Kilo Tons)
Table 12. Japan Compostable Foodservice Packaging Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Japan Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 14. Japan Compostable Foodservice Packaging Market, by Material – Volume and Forecast to 2028 (Kilo Tons)
Table 15. South Korea Compostable Foodservice Packaging Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. South Korea Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 17. South Korea Compostable Foodservice Packaging Market, by Material – Volume and Forecast to 2028 (Kilo Tons)
Table 18. Rest of Asia Pacific Compostable Foodservice Packaging Market, by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Asia Pacific Compostable Foodservice Packaging Market, by Material – Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Asia Pacific Compostable Foodservice Packaging Market, by Material – Volume and Forecast to 2028 (Kilo Tons)
Table 21. Glossary of Terms, Asia Pacific Compostable Foodservice Packaging Market

LIST OF FIGURES

Figure 1. Asia Pacific Compostable Foodservice Packaging Market Segmentation
Figure 2. Asia Pacific Compostable Foodservice Packaging Market Segmentation – By Country
Figure 3. Asia Pacific Compostable Foodservice Packaging Market Overview
Figure 4. Asia Pacific Compostable Foodservice Packaging Market, By Product Type
Figure 5. Asia Pacific Compostable Foodservice Packaging Market, by Country
Figure 6. Asia Pacific: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Asia Pacific Compostable Food Service Packaging Market: Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 10. Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. Asia Pacific Compostable Foodservice Packaging Market Revenue Share, By Product Type (2021 and 2028)
Figure 12. Trays: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Cups and Plates: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Cutlery: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Clamshell: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Bowls: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Pouches and Sachets: Compostable Foodservice Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Others: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Asia Pacific Compostable Foodservice Packaging Market Revenue Share, By Material (2021 and 2028)
Figure 20. Paper and Paperboard: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Paper and Paperboard: Asia Pacific Compostable Foodservice Packaging Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 22. Compostable Plastic (Bio-Plastic): Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Compostable Plastic (Bio-Plastic): Asia Pacific Compostable Foodservice Packaging Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 24. Others: Asia Pacific Compostable Foodservice Packaging Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Others: Asia Pacific Compostable Foodservice Packaging Market – Volume and Forecast To 2028 (Kilo Tons)
Figure 26. Asia Pacific: Compostable Foodservice Packaging Market, by Key Country - Revenue (2021) (US$ Million)
Figure 27. Asia Pacific: Compostable Foodservice Packaging Market Revenue Share, by Key Country (2021 and 2028)
Figure 28. Australia: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Australia: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 30. China: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. China: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 32. India: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. India: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 34. Japan: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 35. Japan: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 36. South Korea: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 37. South Korea: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)
Figure 38. Rest of Asia Pacific: Compostable Foodservice Packaging Market –Revenue and Forecast to 2028 (US$ Million)
Figure 39. Rest of Asia Pacific: Compostable Foodservice Packaging Market – Volume and Forecast to 2028 (Kilo Tons)


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