Compostable Foodservice Packaging Market
Worldwide Analysis on Compostable Foodservice Packaging Market Strategies and Forecasts, 2017 to 2027
Packaging is utilized as a part of an extensive range of industries across food and beverage, healthcare, beauty care and personal care. Packaging systems have emerged as a fundamental requirement across these industries wherein its utilization is growing comprehensively in accordance with the worldwide economy. With increasing cognizance among the consumers for packaged food and environmental concerns gaining momentum all over the world, there has been an increased demand for compostable as well as safe foodservice packaging products. Such favorable factors has led to a boom in the compostable foodservice packaging market. Compostable food service packaging differs slightly from the biodegradable food service packaging in terms of the end product which is generated from their decomposition. In addition to that, compostable foodservice packaging is also supposed to increase the food scrap diversion as well as reduce the food contamination. They are intended for single use after which they are recycled. Food and beverage packaging have more than 50 % share in the global packaging industry which in turn will boost the compostable foodservice packaging market all over the world. Compostable foodservice packaging market is a small segment of the global packaging industry which is in its growing phase and is expected to rise steadily over the forecasted growth period.
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