Compostable Tableware Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global compostable tableware market provides qualitative and quantitative analysis for the period from 2021-2030. The compostable tableware market was valued at USD 260 million in 2022 and is expected to reach USD 300 million by 2030, with a CAGR of 7.21% during the forecast period 2023-2030. The study on compostable tableware market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

Compostable tableware products are used for serving food. These products are biodegradable and release valuable nutrients into the soil, aiding the growth of trees and plants when they break down. Compostable plates can be placed into the compost bin after use. These products degrade within several months in an industrial composting facility and produce no toxic residues. These plates are reusable and are made up of renewable resources. These renewable sources are made from all-natural materials such as agricultural residues, palm leaves, bagasse, bamboo, and cornstarch-based PLA plastic. This eco-friendly tableware is sturdy enough to hold hot or cold food and easily gets biodegraded after use.

Compostable plates and bowls are the perfect solutions for emerging green businesses. The growing awareness about the adverse effects of plastic such as massive plastic pollution and its grave consequences on aquatic and aerial creatures after dumping this product into the sea are the major driving factors for the growth of the compostable tableware market. The increasing demand for safe, sustainable, and environmentally friendly cutlery owing to the rising number of fast-food restaurants and cafeterias is boosting the compostable tableware market. Compostable disposables are a viable alternative that provides the convenience of disposable plates when used in catering for parties, picnics, or other occasions along with the added advantage of no negative impact on the eco-system. However, the lack of awareness about the benefits of compostable tableware and the poor management of organic waste hampers the growth of the compostable tableware market. The cost of compostable tableware is also higher as compared to traditional disposables. Moreover, the rising enforcement of environmental laws and the growing need for better waste management is anticipated to create an opportunity for the growth of the compostable tableware market.

The global compostable tableware market is categorized into North America, Europe, Asia Pacific, and the RoW region. North America holds a significant share of this market due to increasing demand for compostable tableware from the food service sectors and favorable regulations from the government about compostable tableware products. Moreover, the Asia Pacific region is expected to be the fastest-growing region during the forecast period owing to rapid growth in markets such as India, Japan, and China.

Report Findings

1) Drivers

• Increasing demand for sustainable products from the food and beverage service sector is expected to enhance market growth.
• Enforcement of environmental protection rules & provision of economic incentives by government bodies will drive market growth.

2) Restraints

• The high cost of compostable tableware products will hamper the market growth.

3) Opportunities

• The emergence of green businesses and entrepreneurs will create lucrative growth opportunities.

Research Methodology

A) Primary Research

The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include

1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered

The global compostable tableware market is segmented on the basis of type, and end-use.

The Global Compostable Tableware Market by Type

• Bowl and Lids
• Cups and Lids
• Portion Cups and Lids
• Containers and Lids
• Plates
• Reusable Dishware
• Straw and Cup Sleeves
• Compostable Spoons
• Other Types
• Other Types

The Global Compostable Tableware Market by End-use

• Household
• Food Joints & Takeaways
• Hotels & Restaurant
• Other End-use

Company Profiles

The companies covered in the report include

• Ecoware
• Intengine
• Vegware Ltd
• Pakka Limited
• CHUK
• BIOTREM SP. Z O. O
• Minima Technology Co., Ltd.
• Fabri-Kal
• Eco-gecko Products Inc.
• VerTerra Dinnerware

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the compostable tableware market.
2. Complete coverage of all the segments in the compostable tableware market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global compostable tableware market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

This product will be delivered within 1-3 business days.