Global Foodservices Disposable Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028
The Foodservices disposable market is anticipated to grow at a CAGR of 5.3 % during the forecast period (2022-2028). Foodservice disposables are single-use food containers that are either discarded or recycled after use. The foodservice sector is booming at a rapid pace. Food service disposables such as cups, plates, and containers are in high demand as the number of online channels and apps for meal delivery services grows. The trend of ordering meals and delivered to customer’s house or anywhere else is fueling the expansion of the food service disposables market during the forecast period. Furthermore, as environmentalists become more concerned about plastic-based items, more recyclable plastic is being used to make plastic-based foodservice disposables. It also aids in waste management; the majority of firms that manufacture restaurant disposables have begun recycling food service disposables made of plastic.
The global foodservice disposables market is segmented based on the product type, raw material, and application. Based on the product type, the market is sub-segmented into plates, cups and glasses, trays & containers, cutlery, bowls & tubs, and others. Based on the raw material, the market is sub-segmented into paper & paperboard, plastics, and aluminium. Based on the application, the market is sub-segmented into restaurants, retail stores, institutions, and others. Among these segments, the plastics segment is expected to propel the growth of the market due to the increasing usage and demand for plastic foodservice disposables globally. Moreover, plastics is the preferred choice of each end-user due to its lower cost and ease of use.
The major market players in the global foodservice disposable market are Dart Container Corp., Georgia-Pacific LLC, Anchor Packaging Inc., D&W Fine Pack LLC, Gold Plast SpA, Berry Plastics Group Inc., DOpla S.p.A., New WinCup Holdings Inc., Pactiv LLC., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in November 2019, Novolex, a developer of a wide range of packaging and foodservice goodsintroduced several new items aimed at reducing food service waste. Cutlerease is a revolutionary cutlery utensil distributing system that comes in one piece. The utensils are composed of polylactic acid (PLA) and may be composted in commercial composting facilities, diverting trash from landfills. They can also withstand temperatures of up to 200 degrees Fahrenheit.
Competitive Landscape-
Dart Container Corp., Georgia-Pacific LLC, Anchor Packaging Inc., D&W Fine Pack LLC, Gold Plast SpA, Berry Plastics Group Inc., DOpla S.p.A., New WinCup Holdings Inc., Pactiv LLC., among others.By Packaging Type
Flexible
Rigid
By Raw Material
Paper & Paperboard
Plastics
Aluminium
Others
By Application
Restaurant
Retail Stores
Institutions
Others
Scope of the Report
The research study analyzes the Global Foodservices Disposable industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Foodservices Disposable Market Report
1. What was the Global Foodservices Disposable Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Foodservices Disposable Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Foodservices Disposable Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Foodservices Disposable market.
- The market share of the Global Foodservices Disposable market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Foodservices Disposable market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Foodservices Disposable market.
The report will be delivered within 48-72 hours after payment confirmation