Foodservice disposable is used in the packaging of food and beverage products. Foodservice disposable products offer greater ease of packaging food and customer convenience with hygiene and cleanliness. Theses product can be classified into plates, clamshells, trays & containers, cups & bowls, and cutleries. They are manufactured from raw materials such as paper and paperboard, […]
Global Foodservice Disposables Market Forecast: Growth to $36 Billion by 2027
Foodservice disposable is used in the packaging of food and beverage products. Foodservice disposable products offer greater ease of packaging food and customer convenience with hygiene and cleanliness. Theses product can be classified into plates, clamshells, trays & containers, cups & bowls, and cutleries. They are manufactured from raw materials such as paper and paperboard, plastics, and aluminum. Restaurants, retail and vending machines, institutions, and lodging and hospitality are some of the major end-user of foodservice disposable. Foodservice disposable offers convenience and reduces the delivery of time and is gaining huge popularity among hectic lifestyle people.
The global foodservice disposables market is projected to surpass US$ 36.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.2% during the forecast period (2019 to 2027).
Top Key Players in Foodservice Disposables market: Dart Container Corporation, Georgia-Pacific LLC, Anchor Packaging Inc., D&W Fine Pack LLC, Gold Plast SpA, Berry Plastics Group, Inc., DOpla S.p.A., Huhtamäki Oyj, New WinCup Holdings, Inc., andPactiv LLC
Regional Analysis For Foodservice Disposables Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Foodservice Disposables market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]The growing focus of manufacturers to introduce new sustainable innovative products in foodservice solution is propelling the market growth of foodservice disposable. For instance, in October 2019, Novolex, manufacture of diverse packaging and foodservice products, has launched various new products that reduce waste in the foodservice industry. Cutlerease is a new single-piece cutlery utensil dispensing system. Increasing launch of such novel and sustainable packaging solutions will propel the market growth of foodservice disposable.
The booming food and beverage industry, especially in the Asia Pacific region, is projected to augment the market growth of foodservice disposable. According to the India Brand Equity Foundation, the Indian food, and grocery, the market is the world’s sixth-largest, with retail contributing 70 percent of the sales. The Indian food processing industry accounts for 32 percent of the country’s total food market. Therefore, the booming food and beverage industry is expected to foster the market growth of foodservice disposable.
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