Foodservice Disposables Market Poised to Expand at a Robust Pace Due to Growing Delivery and Takeaway Trend

 
Foodservice Disposables Market Demand

The foodservice disposables market encompasses a wide range of disposable food packaging solutions that are used to store, serve, package and deliver food products. Disposable food containers, plates, bowls, cups & mugs, cutleries and others have become an essential part of the foodservice industry owing to benefits such as ease of handling, hygiene and affordability.

The Global Foodservice Disposables Market is estimated to be valued at US$ 31.48 Bn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Foodservice Disposables market are Dart Container Corporation, Georgia-Pacific LLC, Anchor Packaging Inc., DW Fine Pack LLC, Gold Plast SpA, Berry Plastics Group, Inc., DOpla S.p.A., Huhtamäki Oyj, New WinCup Holdings, Inc., andPactiv LLC. These players are focusing on new product development, mergers, acquisitions and geographical expansion to gain competitive edge in the market.

The rising Foodservice Disposables Market Demand for ready-to-eat meals and on-the-go food consumption has opened new opportunities for foodservice disposables. Products like clamshell containers, cups, paper plates and bowls are increasingly being used for delivery and takeaway. Moreover, sustainable and eco-friendly disposables made from renewable resources is another potential opportunity in the market.

Key players are expanding their global footprint to leverage the opportunities in emerging markets. The demand for disposables is growing robustly in Asia Pacific and Latin America driven by changing lifestyles, growing middle class and expansion of QSR chains. Players are investing in production facilities, R&D centers and partnerships with local players in these regions.

Market drivers

The growing trend of food delivery and online takeaway orders is a major driver of growth in the foodservice disposables market. With rising health awareness and busy lifestyles, consumers prefer delivery and takeaway over dine-in option which has increased the demand for disposable cutleries, bowls, plates and containers. Moreover, Covid-19 pandemic has accelerated this trend significantly and expanded the consumer base for delivery services globally. This widespread adoption of delivery model is expected to continue even post pandemic and drive the need for sustainable and affordable foodservice disposables.


PEST Analysis
Political: Food safety and environmental regulations are continuously evolving to ensure safe and sustainable production and disposal of foodservice disposables. This increases operating costs for manufacturers and disruptions if not adhered to.
Economic: Changes in economic conditions like recession and inflation impact consumer spending at restaurants and takeaways, reducing demand for disposables. A strong economy encourages more food consumption outside the home.
Social: Growing environmentally conscious consumer preferences are increasing demand for more sustainable and biodegradable disposable packaging options. On the other hand, busy lifestyles fuel convenience food consumption.
Technological: Automation in production processes helps lower manufacturing costs. Innovation in materials increases material strength and functionality while reducing waste. Digitalization allows tracking recyclability credentials to appeal to eco-conscious buyers.

Geographical regions of concentration
North America accounts for the largest share of the global foodservice disposables market, driven by high per capita spending at fast food chains, takeaways and informal dining establishments. Wide availability of quick service restaurants and delivery aggregators fosters high usage.

Fastest growing regional market
The Asia Pacific region is poised to be the fastest growing market for foodservice disposables during the forecast period. This is attributed to rising incomes, urbanization, busy lifestyles and growing popularity of international and domestic foodservice brands in densely populated nations like China and India resulting in more food consumed outside the home.

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About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191


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