FOODSERVICE DISPOSABLES MARKET ANALYSIS

The global foodservice disposables market is projected to surpass US$ 45.7 billion by the end of 2030, in terms of revenue, growing at CAGR of 6.41% during the forecast period (2023 to 2030).

Foodservice Disposables Market: Growth Drivers

Rising demand of food delivery services using various online platforms

Food delivery services through various online and offline platforms emerged as one of the fast-growing services in the e-commerce space. The presence of different online apps and tools bestowed a new platform for food industry. Availability of cash on delivery option as well as multitude of payment options such as net banking, digital wallets all have increased the consumer attraction.

Rapid exposure of consumers to western lifestyle is aiding the spectacular growth of food delivery segments globally. Adding to this scenario the digital food industries are widely offers a many services such as, on-demand delivery, cloud-kitchen, thin layer, full stack, restaurant and food discovery, concierge, market place, and home cooked food models.

Figure 1. Global Foodservice Disposables Market, Revenue Share (%), By Region, 2022

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Growing travel and tourism industry increases the usage of disposable items

The travel and tourism industry worldwide has been become a huge social, economic, and cultural activity in both residential and commercial sectors. Travel and tourism promotes and increases the understanding among people and also expands economic, cultural and social cooperation.

The increasing demand of tour and travel industry will also boost the market growth of entire food service disposables as these products are the sophisticated way to carry food without any problem. Most of the travelers prefer to have ready to eat food as they are light and do not cause any inconvenience during the time of long travelling. In residential sectors and during family outings and picnics consumers carry their own homely food but there also they use disposable.

Foodservice Disposables Market: Restraints

Banned the single use plastic products

In the manufacturing of food service disposable mainly single used foam plastic are used which is widely used for the production of food containers, plates, bottles and other products. The foam plastic are mainly made up of polyurethane and polystyrene, which is toxic in nature and can also cause severe health problems through it’s over consumption.

The stringent government regulation regarding the ban of single use plastic products effects the manufacturer on a wider range as the manufacturer has to completely shut down their current plastic machines and business and need to switch to different alternatives foe that huge investment is needed. This will impact the entire FMCG companies, ecommerce and food-delivery firms.

Figure 2. Global Foodservice Disposables Market, Revenue Share (%), By Application, in 2022

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Foodservice Disposables Market: COVID-19 Impacts

The COVID-19 pandemic has impacted the global food service disposables market, both positively and negatively. The COVID-19 pandemic has increased the take-out and delivery services, which drives the demand for food service disposables such as to-go containers and cups. The COVID-19 pandemic has increased public awareness about hygiene and sanitation, boosting demand for food service disposables as a more hygienic option than reusable items.

The COVID-19 pandemic has declined in the food service industry, especially in sit-down restaurants, negatively impacting demand for food service disposables. The COVID-19 pandemic has disrupted the production and distribution of food service disposables. The COVID-19 pandemic has reduced consumer spending, as people have become more cautious with their finances due to job losses and economic uncertainty.

Foodservice Disposables Market: Market Segmentation

Geographically, Asia Pacific dominated the global foodservice disposables market in 2022, reporting 44% market share in terms of revenue, followed by North America and Europe, respectively.

Foodservice Disposables Market: By Application

On the basis of end user, in 2022, restaurants accounted the largest market share of 34% in terms of revenue, followed by retail & vending machines and lodging & hospitality, respectively.

Foodservice Disposables Market: Recent Developments

• In January 2021, Amcor, a leading global developer and manufacturer of responsible packaging solutions, launched a new platform for paper-based packaging: AmFiberTM. AmFiber's innovations aim to redefine the characteristics of traditional paper packaging and offer a wider range of features and functional benefits to meet the changing needs of consumers.
• In October 2021, Placon, North America's leading thermoformer of durable plastic packaging, is expanding its manufacturing capacity and workforce with the acquisition of a former Sonoco packaging facility in Wilson, North Carolina, U.S. The agreement will help meet existing production capacity needs in the retail and medical markets and further expand Placon's leadership in thermoforming of sustainable recycled PET packaging.
• On March 23, 2022, in order to increase production and provide better customer service, Mondi, a leader in packaging and paper, invested US$ 303.32 million in corrugated packaging operations across four countries. This comprises around US$ 200.41 million across its network of corrugated solutions plants in eastern and central Europe and US$ 102.91 million at the containerboard mill owned by Mondi Wiecie in Poland.
• In September 2021, food service disposable market is the increasing demand for convenience and portability. Consumers are increasingly looking for food packaging that is easy to transport and use on-the-go, which has led to the development of new types of disposable containers and packaging formats.

Foodservice Disposables Market: Key Companies

Key players active in the global foodservice disposables are 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

Definition: 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.