The foodservice disposables market size is projected to register a substantial CAGR of 5.0% during the forecast period, 2021–2028. The growth of the market is attributed to the trend of consuming ready-to-eat meals, takeaways and rising websites and apps for food delivery services.
Foodservice disposables are the various disposable products made from aluminum, paper, plastic and other materials that are used in the foodservice industry. These products are made for one time use only; however, recyclable raw materials are used while preparing these disposables which helps in managing waste.
Rising significance of various factors such as timeliness, variety, and convenience in respect to food items among consumers and the rising feasible implications of foodservice disposables on the food industry are estimated to fuel the market growth.
The Covid-19 pandemic had two-sided impact on the foodservice disposables market. The production has been on halt and supply ware affected. On the other hand, the demand for disposables had increased. The government is taking steps and strategies to neutralise the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.
The report on the global foodservice disposables market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Global Foodservice Disposables Market-Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Category (Plastic, Paper, Aluminum and Others) Applications (Restaurants, Hotels & Hospitality and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Dart Container, Anchor Packaging, Reynolds, Sabert, The Waddington Group, Genpak, Huhtamaki, Georgia-Pacific, D&W Fine Pack, Berry Plastics Group, Pactiv, WinCup, Inc and Firstpack. |
The plastic segment is projected to constitute a large market share
Based on category, the foodservice disposables market is segregated into plastic, paper, aluminum and others. The plastic segment is expected to account for a key share of the market accounting for over 40% of market share during the forecast period owing to several benefits and features such as protection of food over long time and safeguarding it against humidity, light and pressure. On the other hand, paper and paperboard segment is anticipated to expand at a rapid pace during the forecast period owing to being eco-friendly and government bodies also emphasis to use the paper made disposables product.
Restaurants segment is expected to register a substantial CAGR
Based on application, the global foodservice disposables market is divided into restaurants, hotels & hospitality and others. The restaurants segment accounts for a key share of the market over the forecast period owing to its rising consumption of outside food with respect to takeout and home delivery. Increasing trend towards online home delivery system owing to access of internet and technology; furthermore, increasing number of quick service restaurants (QSR) is anticipated to propel the market growth owing to change in preference of customer over traditional food delivery methods.
North America is expected to dominate the market
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America accounts for 42.4% of global revenue and is anticipated to expand at a robust CAGR during the forecast period. The regional market growth can be attributed to increasing number of restaurants and retail outlets, rising demand for fast food and technological advancement and innovations.
Segments Covered in the Report
The foodservice disposables market has been segmented on the basis of:-
Category
Applications
Regions
Key Companies
Key players competing in the foodservice disposables equipment market include Dart Container, Anchor Packaging, Reynolds, Sabert, The Waddington Group, Genpak, Huhtamaki, Georgia-Pacific, D&W Fine Pack, Berry Plastics Group, Pactiv, WinCup, Inc and Firstpack.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares. For instance, In May 2019, Menasha Packaging Company, LLC moving its designated Walgreens account team to Northbrook, Illinois. The new Health Care/Self Care “Center of Retail Excellence”. Now both the company are able to expand their business.
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