Demand and Trends of Food Service Disposables Market Size Will Grow to ~ USD 88.25 Billion by 2030: Polaris Market Research
According to the research report published by Polaris Market Research, the Global Food Service Disposable Market Size Is Expected To Reach USD 88.25 Billion By 2030., at a CAGR of 5.1% during the forecast period.
Food service disposable are food containers used in the packaging of products such as food and beverage. These containers offer greater ease of packaging food and are majorly used in hotels, restaurants, homes, and fast-food restaurants. Food service disposables are produced from raw materials such as paper and paperboard, plastics, and aluminum. These are the one-time-use containers that can be reprocessed and discarded. The containers are easy to use and reduce the delivery time.
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There are many disposable food service products available in the market, such as disposable trays, bowls, wraps (aluminium foil), plates, napkins, spoons, glasses, and other serving and packaging items. People are increasingly moving towards ready-to-eat and on the go food products. This has led to creating strong business opportunities for the development of the market. Therefore, the global food service disposables market is expected to record a stellar growth over the course of the given forecast period. The growing demand for food service disposables such as cups, plates, and containers fuels the surge in the rise in online channels and apps for food delivery services.
Top Key Players:
- Contital Srl
- Genpak LLC
- Go-Pak Group
- Graphic Packaging International LLC
- Huhtamaki Food Service
- Interplast Group
- Pactiv LLC
- RR Packaging Ltd.
- Sabert Corporation
- Sonoco Products Company.
Global Food Service Disposable Market: Growth Drivers
The growing number of online food delivery services around the globe is boosting the growth of the food service disposable market. The surge in the consumption of outside food due to changing lifestyles and rapid urbanization are majorly accelerating the demand for the food service disposable market. The rising consumer choices for ready-to-eat meals and increasing home food habits are key factors fueling the demand for food service disposables, thereby propelling the market growth. Moreover, demand for one-time use containers, low-cost, hygienic containers to pack and carry food, and increasing demand from the tour & travel industry are accelerating the global food service market. In addition, the food service disposable market is gaining significant popularity globally due to its demand, sales, and export values.
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Global Food Service Disposable Market: Report Segmentation
Insight by Packaging
Based on packaging, the rigid packaging segment accounted for the largest market share and is expected to dominate the global food service disposable market over the forecast period. The segment is recording the highest growth due to the growing demand for rigid packaging to prevent consumables from spilling and consumer convenience. Foodservice providers use a variety of rigid packaging depending on the product’s temperature, quantity, and material state. Several types of rigid packaging type include plates and containers, bowls and tubs, mugs and saucers, lids, and other disposables.
The flexible packaging type segment is anticipated to account for the fastest CAGR during the forecast period. This growth can be attributed to the increasing demand for flexible paper packaging due to the government regulations on single-use plastic products in many regions, such as Europe.
Insight by material
Based on material, the plastic segment witnessed the largest market share and is expected to continue its dominance over the projection period because plastic is the most popular material in the field of packaging due to its low cost, ease of use, temperature resistance, lightness, and other factors. Plastics are used for the manufacturing of various types of products, such as plates, bowls, cups, trays, cutlery, and food containers.
Moreover, paper and paperboard packaging have experienced rapid expansion, especially replacing popular disposables, such as plastic cups. Paper-based takeaway containers are an inexpensive and environmentally friendly option in the global food service disposable market. It is used to produce various other products such as plates, trays, bowls, straws, egg cartons, and tray liners. The rising consumption of takeout foods and beverages is expected to fuel the demand for disposable product, thereby accelerating the market growth.
Geographic Overview: Global Food Service Disposable Market
By geography, Asia Pacific is anticipated to record the highest share over the projected time period. The fastest-growing economies and flourishing food service disposable industry are the key factors expected to grow at the highest Compound Annual Growth Rate (CAGR) over the forecast period. China largely contributes to the region’s growth and is expected to continue its growth in the food service disposable market market during the study period due to the high availability of fast-food restaurants and rising adaptation to online food delivery systems.
India is also projected to record a significant growth in the regional market because the Indian online delivery sector is rapidly diversifying. Also, the changing economy, along with the high penetration of the food service industry, is also boosting the market growth in the region. Japan, South Korea, and Indonesia are some of the other large markets in the area.
- In July 2021, Delivery Hero SE, a German-based online food ordering company, launched its global sustainable packaging program.
- In February 2020, SelfEco launched compostable drinkware to address the foodservice sector’s environmental concerns in the United States and Canada. SelfEco compostable drinkware is an environmentally friendly and 100% compostable PLA product made in the United States.
The market is primarily segmented based on packaging, material, application, and region.
Global Food Service Disposable Market: By Packaging Outlook
- Cups & Glasses
- Trays & Containers
- Bowls & Tubs
- Mugs & Saucers
- Wraps & Films
Global Food Service Disposable Market: By Material Outlook
- Paper & Paperboard
- Polylactic Acid
Global Food Service Disposable Market: By Application Outlook
- Food Service
- Full Service
- Quick Service
- Online Delivery
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