Food Service Disposables Market Size, Regional Outlook, Application Development Potential, Price Trends, COVID-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3941
Food Service Disposables Market size is expected to expand through the coming years, ascribed to a dramatic surge in online food delivery business. Additionally, the rising popularity of Quick-Service Restaurants (QSRs), especially in the emerging economies, subject to busy lifestyles and hectic work schedules is anticipated to propel the market growth over 2021-2027.
Foodservice disposables are containers that are generally used to parcel and carry food from places like restaurants, hotels, homes, and fast-food centers to the designated places. These disposables are hygienic one-time-use containers that can be recycled post used and disposed of easily.
Expanding urbanization and increasing the working women population worldwide is further slated to augment the demand for online food delivery, thereby adding to the food service disposables market growth through the coming years. Besides, heightened consumption of ready to eat food is further likely to stimulate the demand for food service disposals by 2027 end.
Considering the raw material, paper and paperboard material segment is estimated hold a considerable market share in the overall food service disposables industry. This can be attributed to the material’s eco-friendly attributes. Paper and paperboard are used to produce various other products including trays, plates, egg cartons, straws, and more. Paper based containers are an affordable option in the market surpassing the demand for plastic packaging containers. These advantages of paper packaging are expected to escalate the segmental growth in the coming years. Moreover, increasing government initiatives to promote the use of paper-made disposable products is further anticipated to propel market growth.
Food service disposables market is touted to gain significant impetus from the restaurants segment. An increasing number of restaurants are making use of disposable cups, plates, trays, and more to cater to various food items. Besides, many restaurants have begun offering catering services, hence proliferating the use of foodservice disposables. A substantial surge in the number of restaurants in developing economies and popularity of takeaway meals is driving the growth of food service disposables in these regions. Various producers are also offering customized foodservice disposables as per the requirement of restaurants. For instance, Dining Alliance, the United States’ largest Group Purchasing Organization for independent restaurants, in February 2021, announced establishing a partnership with Southeastern Paper Group. Apparently, through this partnership, Alliance would provide Cashback rebates on 165,000 contracted items to SEPG’s consumers.
Food service disposables market is anticipated to expand across Asia Pacific owing to the presence of the fastest evolving economies and expanding food service industry. The regional market is touted to be led by China and India. China is one of the biggest contributors subject to the high density of fast-food restaurants and rising adaptation of online food delivery systems. Meanwhile, India is also estimated to emerge as a lucrative hub for food service disposables industry throughout the analysis time frame.
Some of the prominent companies operating in the global food service disposables industry are Dart Container Corporation, Cascades, Anchor packaging, Goldplast SPA, and others. These players are relentlessly working towards bringing forth new products in the industry, thus gaining a significant position in the overall market.
Analyzing the coronavirus impact on food service disposables market growth
Imposition of lockdown and movement restriction across various economies around the world in wake of the COVID-19 pandemic outbreak has brought in a prolific rise in the demand for online food delivery. This is anticipated to have an impeccable impact on the global food service disposable market in 2021 and beyond.
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