Sustainable Foodservice Packaging to 2024 – A State of the Art Report

The foodservice industry is in the midst of a sustainability revolution. An increase in convenience, climate change, and growing concerns for the health of the environment are driving the adoption and growth of sustainable packaging through 2024.

Smithers estimates that the global foodservice market exceeds $31.4 billion and that it is growing at an annual rate of 5.3%. A considerable portion of growth in this market will be in bioplastics used in packaging. Smithers estimates the global market for bioplastics in packaging as $3.3 billion in 2017, reaching almost $7.2 billion by 2022.

Single-use paper cups could be a model for how the industry is responding to calls for enhancing its commitment to sustainability. Companies are currently invested in developing a global recyclable or compostable solution, with Starbucks already testing compostable coffee cups.

For more information or to download the report brochure, please visit: https://www.smithers.com/services/market-reports/packaging/sustainable-foodservice-packaging-to-2024