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Global Food Service Disposables Markets 2021-2027 - Changing Food Habits and Trend towards Convenience & Ready-to-Eat Foods Fuels Foodservice Disposables Market

·5-min read

Dublin, July 13, 2021 (GLOBE NEWSWIRE) -- The "Food Service Disposables - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Food Service Disposables estimated at US$54.2 Billion in the year 2020, is projected to reach a revised size of US$79.7 Billion by 2027, growing at a CAGR of 5.7% over the analysis period 2020-2027.

Plates, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$27.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cups & Glasses segment is readjusted to a revised 5.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $14.5 Billion, While China is Forecast to Grow at 7.3% CAGR

The Food Service Disposables market in the U.S. is estimated at US$14.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.5 Billion by the year 2027 trailing a CAGR of 7.3% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 5.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Trays & Containers Segment to Record 4.2% CAGR

In the global Trays & Containers segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.4 Billion in the year 2020 will reach a projected size of US$8.3 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$11.6 Billion by the year 2027, while Latin America will expand at a 4.7% CAGR through the analysis period.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of Covid-19 and a Looming Global Recession

  • Food Service Industry Hit Hard by the COVID-19 Pandemic: YoY Change (in %) in Number of Daily Seated Diners at Restaurant due to Outbreak during February-July 2020

  • Pandemic Set to Bring About Massive Changes in Consumers' Dine Out Preferences

  • Food Service Operators Strategize to Adapt to Changing Consumers' Behaviors

  • As Infection Prevention Becomes Important, Restaurants Increasingly Moving towards Single-Use Products

  • An Introduction to Food Service Disposables

  • Types of Food Service Disposables

  • Raw Materials Used in Food Service Disposables

  • Global Food Service Disposables Market: Prospects & Outlook

  • Plastic Remains the Most Widely Used Materials for Food Service Disposables

  • Developed Regions Lead, Developing Economies to Spearhead Future Growth

  • Competition

  • Recent Market Activity

2. FOCUS ON SELECT PLAYERS(Total 129 Featured)

  • Airlite Plastics Co.

  • Anchor Packaging Inc.

  • Biopac India Corporation Ltd.

  • Carlisle FoodService Products

  • Cascades Incorporated

  • D&W Fine Pack LLC

  • Dart Container Corporation

  • DOpla S.P.A

  • Eco-Products, Inc.

  • Georgia-Pacific LLC

  • Gold Plast Spa

  • GreenGood USA

  • Huhtamaki Oyj

  • International Paper

  • Lollicup USA, Inc.

  • Packnwood

  • Pactiv LLC

  • Sabert

  • Vegware

  • WestRock Company

  • WinCup

  • WNA, Inc.

3. MARKET TRENDS & DRIVERS

  • Changing Food Habits and Trend towards Convenience & Ready-to-Eat Foods Fuels Foodservice Disposables Market

  • Dynamics of Foodservice Outlets and Restaurants Set the Tone for Disposables Demand

  • Food Disposables Market Benefits from the Growth of QSRs and Fast Food Establishments

  • Healthy Gains in Third Party Online Food Delivery Services & Mobile Apps Drive Need for Disposables

  • Increasing Smartphone Penetration & Growing Internet Connectivity Fuel Online Food Delivery Services, Augur Well for Disposables Market

  • Plastic Food Service Disposables Raise Concerns Over Environmental Pollution, Drive Focus onto Eco-Friendly Alternatives

  • As Safety Reigns Supreme, Food Service Industry Compelled to Place Sustainability on the Backburner

  • Increased Focus on Sustainable Products Drives Demand for Biodegradable Food Service Disposables

  • Compostable Foodservice Packaging Market Poised for Growth

  • Innovative Designs & Customizations and Eco-Friendly Materials: Focus Area for Disposables Manufacturers

  • Product Design and Features Play a Critical Role

  • Advent of UV-Cured Inks to Create Custom Prints/Designs

  • Double Walled Embossed Cups for Heat Resistance and Better Grip

  • Disposable Cups & Lids Head Towards Bright Future

  • Disposable Plastic Containers Continue to Record Strong Demand

  • Styrene in Foam Packaging Raises Health Issues

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

  • UNITED STATES

  • Food Service Industry Hit Hard by COVID-19 Pandemic

  • Disposable Serveware Gains Traction Amidst COVID-19 Pandemic

  • Away from Home Consumption Trend Fosters Disposable Food Serveware

  • Robust Growth in Online Food Delivery Services Fuels Demand for Disposables

  • Quick Service Restaurants: Key Market for Disposable Serveware

  • CHINA

  • Food Delivery Services Gain Traction Amidst COVID-19 Outbreak

  • EUROPE

  • COVID-19 Pandemic Dents Prospects in Food Service Industry, Affecting Demand for Disposables

  • INDIA

  • With Food Service Industry Facing Tough Times due to COVID-19, Disposables Demand to Fall

IV. COMPETITION

  • Total Companies Profiled: 129

For more information about this report visit https://www.researchandmarkets.com/r/62mzd

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900


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