Global Food Service Disposables Market Share Will Reach ~USD 88.25 billion by 2030: Polaris Market Research
The global food service disposable market size is expected to reach USD 88.25 billion by 2030 according to a new study by Polaris Market Research.
The key factors responsible for the industry growth include the various benefits of functioning area incorporation systems and their rising global demand. The benefits of functioning area incorporation, such as increased efficiency, reduced manpower, shorter surgical procedures, and adequate patient surgical data, are propelling the industry forward.
The global market is likely to be driven by the rise of online meal delivery facilities. Furthermore, owing to busy lives and strenuous work schedules, Quick-Service Restaurants’ (QSRs) increasing popularity is likely to favor disposable market expansion over the forecast period, particularly in developing countries. For instance, according to the National Center for Biotechnology Information. Globally, the meal delivery industry generated USD 107.4 billion in revenue in 2019, up 17.5 percent from the previous year. The surging demand for online delivery facilities as a result of the COVID-19 pandemic is likely to propel the industry forward. The increase in demand is facilitated by city-wide lockdowns that prohibit hotels, restaurants, and cafes from providing dine-in facilities.
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In 2021, the foodservice application category dominated the industry. This industry’s characteristics are continuously changing, which will help the global market flourish. Furthermore, disposable facilities will rise as demand for takeaways and online meal delivery amenities grow. Due to stringent lockdowns implemented across multiple countries, the COVID-19 pandemic negatively influenced the industry since all firms were forced to close.
The industry has changed since the lockdown ended, forcing it to employ disposables more frequently for dine-in and online meal delivery applications. As a result, disposable facilities are in higher demand from all types of food providers, thus continuing in the forthcoming years.
Major participants such as Sabert CorporationGenpak LLC, Go-Pak Group, Graphic Packaging International LLC, Sonoco Products Company, Interplast Group, Contital Srl, Pactiv LLC, RR Packaging Ltd., and Huhtamaki Food Service are some of the key competitors in the market.
In April 2021, before the EU Single-Use Plastics Directive, Berry Superfos introduced a bamboo spoon for on-the-go cuisine, while Celebration Packaging released a recyclable paper cutlery line. Previously, in July 2021, SCG Packaging Public Company Limited (SCGP) expanded its product offerings by acquiring Go-Pak to include those from its other packaging plants, leveraging its established position in the UK, Europe, and the U.S.
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Polaris Market Research has segmented the food service disposable market report based on packaging, material, application, and region:
Food Service Disposable, Packaging Outlook (Revenue – USD Billion, 2018 – 2030)
- Rigid
- Plates
- Cups & Glasses
- Trays & Containers
- Bowls & Tubs
- Mugs & Saucers
- Lids
- Others
- Flexible
- Wraps & Films
- Others
Food Service Disposable, Material Outlook (Revenue – USD Billion, 2018 – 2030)
- Plastic
- PP
- PE
- PS
- PVC
- Others
- Paper & Paperboard
- Bagasse
- Polylactic Acid
- Others
Food Service Disposable, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Food Service
- Full
- Quick
- Others
- Online Delivery
- Institutional
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