Foodservice Disposable Market Trends

  • Report ID: 2808
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Foodservice Disposable Market Trends

Growth Indicators

  • Increasing Preferences for Ready to Eat Food
    The global foodservice disposables market has witnessed significant growth on account of the shifting trend of the consumer preferences from homecooked food towards the consumption of ready to eat food. This shifting trend can be attributed to the changing lifestyle of the individuals, along with the tough working schedules, therefore raising the preference for quick food services. The trend among the end-user industries of using disposables to provide food to the consumers results in the growing demand for disposable products such as containers, cups, plates, cutleries, and others. Additionally, on the back of the rising awareness among people for the toxic nature of plastic, the demand for nontoxic foodservice disposables is increasing significantly. Customers are willing to pay extra for good quality disposables on the back of rising concern for health and hygiene, which is leading to a significant rise in the global foodservice disposable market.
  • Rising Tourism and Hospitality Industry To Augment Market Growth
    The market for foodservice disposable is witnessing a significant growth owing to the support from the tourism and hospitality industry. There is a rising demand for food services outlets as it is feasible for customers to order food at their doorsteps during the time of travel. The tourism and hospitality sector in the recent years has also observed a significant demand for traditional food products. These food products are served in a conventional fashion to support the traditional authenticity and aesthetics to the customers. With significant concerns for hygienic food delivery and the need for food delivery aesthetics, there is a rising demand for custom made foodservice disposables amongst the restaurant owners, which is anticipated to drive the market growth. Moreover, the increasing investments observed in the tourism industry is also anticipated to boost the dining and food service outlet industry, and therefore contribute remarkably towards the growth of the global market in the coming years.

Challenges

  • 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.

Foodservice Disposable Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

5.6%

Base Year Market Size (2023)

USD 69.34 billion

Forecast Year Market Size (2036)

USD 140.8 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Parul Atri


  • Report ID: 2808
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of foodservice disposable is estimated at USD 72.45 billion.

Foodservice Disposable Market size was valued at USD 69.34 billion in 2023 and is likely to cross USD 140.8 billion by 2036, registering more than 5.6% CAGR during the forecast period i.e., between 2024-2036.

North America industry is poised to hold largest revenue share of 35% by 2036

The major players in the market are Anchor Packaging, LLC, Dart Container Corporation, Georgia-Pacific, MDS Associates Inc., D&W Fine Pack, H.T. Berry Company, Inc., Biopac India Corporation Ltd. (BOM: 532330), Sysco Corporation (NYSE: SYY), Gold Plast SP
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