Foodservice Disposables are the food packaging products that are used to package the food. These products include bowls, plastic cups, lids containers, and trays which are basically used to serve the food and beverage. Food disposables products are gaining huge demand due to expanding online delivery services via mobile apps and other online platforms. These packaging products are used to maintain hygiene and prevent contamination. Restaurants, retail and vending machines, institutions, and lodging and hospitality are some of the major end user of foodservice. Such food containers make life easy with minimal maintenance by reducing dishwashing activities.
The global foodservice disposables market was estimated to account for around US$ 27.8 billion in terms of revenue in 2022 and is predicted to grow at a CAGR of 6.41% during the forecast period (2023 to 2030).
Drivers
Growing concern for convenience and hygiene among consumers is expected to foster the market growth of foodservice. Most of the foodservice disposables products are single-use and recyclable because these products are mainly manufactured from plastic and foam, which reduce food contamination and also maintain food hygiene. The aforementioned properties of foodservice disposable are increasing adoption of foodservice disposables by foodservice providers.
Market Opportunities
- Developing plates, cups, spoons, containers using edible material with the goal of zero wastage
The edible packaging is that which can be eaten by the people with their food. The use of edible packaging makes food more sustainable and reduces the waste of packaging and save the environment from pollution which comes into existence after burning and dispose of containers into the ocean. The advancement in food packaging technology makes the preparation and store of food simpler. There are five categories which are innovated for packaging of food. The categories include:
- Food wrapped in food
- Food paired with an edible/biodegradable container
- A cup or container to be eaten with its beverage
- Packaging that disappears
- Edible packaging served at quick-service restaurants
Market Restraints
Novel products are yet to reach ‘Economies of Scale’ brackets is a major factor expected to restrict the market growth of foodservice disposable. Despite the appealing design, and functional properties and consumer inclination towards novel products are low as compared to conventional foodservice disposables. Therefore, the emergence of novel products that are yet to reach economies of scale in the market is expected to affects the profitability of regional players. This is in turn, impacting the market growth of foodservice disposable.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/foodservice-disposables-market-3507
Key Takeaways
On the basis of product type, plates dominated the global foodservice disposables market in 2022 with a 32% of market share in terms of revenue, followed trays & containers and cups & glasses conductive, respectively.
Market Trends
The increasing interest of manufacturers to open a manufacturing facility in order to expand their presence and meet the rising demand for foodservice disposables. For instance, in July 2021, Lollicup USA, a disposable foodservice packaging products producer, has announced to open a new manufacturing facility in Rockwall, Texas, U.S. Being built with an investment of US$ 50 million, the new facility will produce paper and plastic cups, as well as other food containers. It will enable the company to meet the needs of regional customers and increase production capacity.
Competitive Section
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
