Dublin, Sept. 28, 2023 (GLOBE NEWSWIRE) -- The "Food Service Disposables - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Food Service Disposables was estimated at approximately US$58.5 billion in 2022 and is projected to reach around US$96.5 billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 6.5% during the forecast period from 2022 to 2030.
Food service disposables refer to a wide range of products used in the foodservice industry that are designed for one-time use and disposal after serving food or beverages.
Segmentation by Product Type
- Plates Segment: This segment is projected to record a CAGR of 7.7% during the forecast period and reach a market size of US$34.4 billion by 2030. Disposable plates are widely used in various foodservice establishments, including restaurants, fast-food outlets, and catering services.
- Cups & Glasses Segment: The cups and glasses segment is estimated to grow at a CAGR of 6.6% over the next eight years. Disposable cups and glasses are commonly used for serving beverages such as soft drinks, coffee, and water in the foodservice industry.
Regional Market Insights
- United States: The Food Service Disposables market in the United States was estimated at US$15.6 billion in 2022. The U.S. market is expected to continue growing, driven by the widespread use of disposable foodservice products in the country's extensive restaurant and fast-food chains.
- China: China is forecasted to experience significant growth in the Food Service Disposables market, with a projected market size of US$18.3 billion by 2030. This growth is supported by the country's expanding foodservice industry and the adoption of disposable products.
- Japan: Japan is expected to grow at a CAGR of 4.8% during the forecast period, driven by the demand for convenience in foodservice establishments.
- Canada: Canada's Food Service Disposables market is also set to grow, with a forecasted CAGR of 6.2%. The country's diverse food culture and the presence of various foodservice outlets contribute to the demand for disposable products.
- Germany: In Europe, Germany is anticipated to grow at a CAGR of approximately 4.6%. The country's well-established foodservice sector and eco-friendly disposable product options are driving market growth.
Key Market Players
Some of the key players in the global Food Service Disposables market include:
- Amcor PLC
- Champion Products Corp
- Ball Corporation
- Cascades, Inc.
- Fabri-Kal Corporation
- Dart Container Corporation
- Abena A/S
- Genpak LLC
- Bunzl PLC
- gategroup
- Anchor Packaging, Inc.
- Clearwater Paper Corporation
- Berry Global, Inc.
- Dongguan City Luheng Papers Company Ltd.
- Freshening Holdings (S) Pte., Ltd.
Conclusion
The global Food Service Disposables market is expected to witness steady growth, driven by the convenience and hygiene benefits associated with disposable foodservice products. Disposable plates, cups, and glasses are commonly used in various foodservice establishments, and their demand is expected to remain strong. The United States, China, Japan, Canada, and Germany are among the key markets contributing to this growth. The market also offers opportunities for eco-friendly and sustainable disposable products, reflecting changing consumer preferences. This growth presents opportunities for both established players and new entrants in the industry.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Changing Food Habits and Trend towards Convenience & Ready-to-Eat Foods Fuels Foodservice Disposables Market
- World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
- Dynamics of Foodservice Outlets and Restaurants Set the Tone for Disposables Demand
- Global Food Service Disposables Market Size (US$ Billion) for the Years 2018, 2021 & 2024
- Food Disposables Market Benefits from the Growth of QSRs and Fast Food Establishments
- Global Fast Food & Quick Service Restaurant Market Size (in US$ Billion) for 2019, 2022 & 2025
- Healthy Gains in Third Party Online Food Delivery Services & Mobile Apps Drive Need for Disposables
- Global Online Food Delivery Services Market Size (in US$ Billion) for 2019, 2021, 2023 & 2025
- Global Online Food Delivery Market Breakdown by Platform-to-Consumer Delivery and Restaurant-to-Consumer Delivery for 2017 and 2019
- Increasing Smartphone Penetration & Growing Internet Connectivity Fuel Online Food Delivery Services, Augur Well for Disposables Market
- Rising Smartphone Usage Drive Use of Online Food Delivery Services: Global Market for Smartphones in Billions (2016-2021)
- Global Internet Usage Supports Growth of Online Food Delivery Platforms: Number of Internet Users (in Billion) and Internet Penetration Rate (in %) for the Years 2015 through 2019
- Plastic Food Service Disposables Raise Concerns Over Environmental Pollution, Drive Focus onto Eco-Friendly Alternatives
- Single Use Plastics Pollution Throws Spotlight on Sustainability and Eco-Friendly Alternatives: Global Plastics Production Output in Million Tons for the Years 2010 through 2019
- As Safety Reigns Supreme, Food Service Industry Compelled to Place Sustainability on the Backburner
- Increased Focus on Sustainable Products Drives Demand for Biodegradable Food Service Disposables
- Compostable Foodservice Packaging Market Poised for Growth
- Global Compostable Food Service Packaging Market by End-Use (%) for 2020E
- Innovative Designs & Customizations and Eco-Friendly Materials: Focus Area for Disposables Manufacturers
- Product Design and Features Play a Critical Role
- Advent of UV-Cured Inks to Create Custom Prints/Designs
- Double Walled Embossed Cups for Heat Resistance and Better Grip
- Disposable Cups & Lids Head Towards Bright Future
- Disposable Plastic Containers Continue to Record Strong Demand
- Styrene in Foam Packaging Raises Health Issues
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
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