Sustainable Foodservice Packaging Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Sustainable Foodservice Packaging Market was valued at USD 52.93 billion in 2021 and is expected to reach USD 74.67 billion by 2027, registering a CAGR of 6.12% over the forecast period of 2022 - 2027. With customers becoming increasingly concerned about the environment and package leaks' impact, packaging sustainability is a mega trend impacting the packaging industry. As a result, new, stronger sustainability requirements regularly surfaced on various fronts. The increase in concern for environmental impacts caused by these plastic containers among the food service industries, leading to multiple companies using recycled materials for food services, is driving the studied market.
Key HighlightsThe Sustainable Foodservice Packaging Market is fragmented with high competition owing to a large number of players in the market. With new innovations in sustainable food service packaging and market demand, the market is attractive for the new players. Some of the key players in the market are Amcor Limited, Sealed Air Corporation, and Mondi Plc., among others.
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