FOODSERVICE DISPOSABLE DISTRIBUTION SYSTEM MARKET ANALYSIS

Rising demand for fast food is one of the major factors driving growth of the food service disposable distribution systems market. High demand for fast food is majorly attributed to rising working population, especially in the emerging economies such as India, China and Japan among others.

Global foodservice disposable distribution systems market was valued at US$ 71.18 Bn in 2021 in terms of revenue, exhibiting a CAGR of 5.18 % during the forecast period (2022 to 2030).

Drivers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

The readers in the section will understand how the Foodservice Disposable Distribution System market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Figure 1. Global Foodservice Disposable Distribution Systems Market Value Share (%), By Region, 2021

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Market Restraints

High Production Cost of using Biodegradable Materials

Biodegradable foodservice disposable products cost higher than those made of plastics as the raw materials are made up of organic raw materials and the sourcing of these raw materials are challenging, thereby raising the price of the end product. Some countries have imposed restrictions on using plastic disposable products resulting in a decline in the sales of these products.

Market Trends

Ongoing trends observed in the target market are growing trend of dining out, ordering food from restaurants using Mobile-commerce food ordering apps, and increasing preference towards fast-food products, especially among younger population. These trends are expected to gain popularity and traction and drive growth of the global foodservice disposables distribution systems market.

Constant innovations in the food packaging sector is a factor that is expected to create revenue opportunities for players focusing on R&D activities and operating in the target market.

Figure 2. Global Foodservice Disposable Distribution Systems Market value Share (%), By Product Type, 2021 

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Recent Developments

On October 27, 2021, (Wiredrelease) Prudour Pvt. Ltd,

In July 2020, Anchor Packaging announced the acquisition of Panoramic Inc, a company known for thermoformed products which is used in fresh food applications, such as bakery, produce, and confectionery. The acquisition has broadened the company’s offering among the bakery, produce, deli and confectionery customers. This will help the company to expand its market across the world to support the growing needs of the customers.

Competitive Section

Major players operating in the global foodservice disposable distribution systems market include Dispo International, EFG Foodservice, First Pack, Go-Pak Group, and MBS Wholesale Ltd. among others.