The Global Foodservice Disposables Market was valued at USD 54.9 billion in 2020 which is expected to reach USD 82.2 billion by 2027 at a CAGR 4.5% from 2020-2027.
Foodservice disposables are mainly used in the packaging of food & beverage products. Foodservice disposable products provide greater ease of packaging food & customer convenience with hygiene &cleanliness. Theses product can be classified into clamshells, trays & containers, plates, cups & bowls, and cutleries. They are manufactured from raw materials like paper & paperboard, plastics, and aluminum. Restaurants, retail & vending machines, institutions, and lodging & hospitality are some of the major end-users of foodservice disposable. Foodservice disposable offers convenience & reduces the delivery of time and is gaining huge popularity among hectic lifestyle people.
Moreover, the increase in out of home food habits is also accelerating demand for foodservice disposables, thereby fueling the market growth. In addition, foodservice disposables provide convenience to customers & delivery personnel in the overall delivery process.
The booming food & beverage industry, especially in the APAC region, is expected to augment the market growth of foodservice disposable. For instance, as per the information provided by the India Brand Equity Foundation, the Indian food, and grocery, the market is the world’s 6th largest, with retail contributing 70% of the sales.
Foodservice disposables are mainly used in the packaging of food & beverage products. Foodservice disposable products provide greater ease of packaging food & customer convenience with hygiene &cleanliness. Theses product can be classified into clamshells, trays & containers, plates, cups & bowls, and cutleries. They are manufactured from raw materials like paper & paperboard, plastics, and aluminum. Restaurants, retail & vending machines, institutions, and lodging & hospitality are some of the major end-users of foodservice disposable. Foodservice disposable offers convenience & reduces the delivery of time and is gaining huge popularity among hectic lifestyle people.
Market Drivers
The increase in number of online food delivery services across the globe is primarily fueling the growth of foodservice disposable market. Furthermore, the increase in Consumer preference for takeaway/ready to eat food due to changing lifestyles, growing disposable income, and ongoing urbanization, especially across developing countries is driving the market growth of foodservice disposable.Moreover, the increase in out of home food habits is also accelerating demand for foodservice disposables, thereby fueling the market growth. In addition, foodservice disposables provide convenience to customers & delivery personnel in the overall delivery process.
Market Restraints
The penetration of sustainable packaging solutions is anticipated to impact market growth negatively. Increasing environmental awareness & rising government regulations regarding recyclable foodservice disposable solutions, as it reduces carbon footprint & ensures proper coding for traceability are projected to hamper the market growth to a certain extent. The aforementioned factors are expected to restrain market growth during the forecast period.Market Segmentation
The Global Foodservice Disposables Market is segmented into raw material such as Paper & Paperboard, Plastics, Aluminium, by product type such as Plates, Cups & Glasses, Trays & Containers, Cutlery, Bowls & Tubs, Mugs & Saucers, and Others. Further, market is segmented into end user such as Restaurants, Retail & Vending Machines, Institutions, Lodging & Hospitality, and Others.Regional Analysis
Also, Global Foodservice Disposables Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, Middle East & Africa.The booming food & beverage industry, especially in the APAC region, is expected to augment the market growth of foodservice disposable. For instance, as per the information provided by the India Brand Equity Foundation, the Indian food, and grocery, the market is the world’s 6th largest, with retail contributing 70% of the sales.
Key Players
Dart Container Corporation, D&W Fine Pack LLC, Georgia-Pacific LLC, Anchor Packaging Inc, Gold Plast SpA, DOpla S.p.A, Berry Plastics Group, Inc., Huhtamäki Oyj, New WinCup Holdings, Inc., Pactiv LLC, etc.Market Segmentation
By Raw Material
- Paper & Paperboard
- Plastics
- Aluminium
By Product Type
- Plates
- Cups & Glasses
- Trays & Containers
- Cutlery
- Bowls & Tubs
- Mugs & Saucers
- Others
By End User
- Restaurants
- Retail & Vending Machines
- Institutions
- Lodging & Hospitality
- Others
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Foodservice Disposables Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Frequently Asked Questions about the Global Foodservice Disposables Market
What is the estimated value of the Global Foodservice Disposables Market?
What is the growth rate of the Global Foodservice Disposables Market?
What is the forecasted size of the Global Foodservice Disposables Market?
Who are the key companies in the Global Foodservice Disposables Market?
Report Attribute | Details |
---|---|
Published | February 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD
| USD 24.3 Billion |
Forecasted Market Value ( USD
| USD 37 Billion |
Compound Annual Growth Rate | 6.2% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Foodservice Disposables Market Outlook
5 Global Foodservice Disposables Market, By Raw Material
6 Global Foodservice Disposables Market, By Product Type
7 Global Foodservice Disposables Market, By End User
8 Global Foodservice Disposables Market, By Region
9 North America Foodservice Disposables Market Analysis and Forecast (2021-2027)
10 Europe Foodservice Disposables Market Analysis and Forecast (2021-2027)
11 Asia Pacific Foodservice Disposables Market Analysis and Forecast (2021-2027)
12 Latin America Foodservice Disposables Market Analysis and Forecast (2021-2027)
13 Middle East Foodservice Disposables Market Analysis and Forecast (2021-2027)
14 Competitive Analysis
15 Company Profiles
Companies Mentioned
- Dart Container Corporation
- D&W Fine Pack LLC
- Georgia-Pacific LLC
- Anchor Packaging Inc
- Gold Plast SpA
- DOpla S.p.A
- Berry Plastics Group Inc.
- Huhtamäki Oyj
- New WinCup Holdings Inc.
- Pactiv LLC