The increasing demand for the tour and travel industry will also boost the market growth of entire food service disposables as these products are the sophisticated way to carry food without any problem. Most travelers prefer to have ready-to-eat food as they are light and don't cause any inconvenience during long traveling. In residential sectors, during family outings and picnics, consumers carry their homely food but also use disposable.
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Global Foodservice Disposables Market is expected to reach USD 1,65,366.24 million by 2030 from USD 79,069.55 million in 2022 growing at a steady CAGR of 10.3% in the forecast period of 2023 to 2030. The increasing demand for the tour and travel industry will also boost the market growth of entire food service disposables as these products are the sophisticated way to carry food without any problem. Most travelers prefer to have ready-to-eat food as they are light and don't cause any inconvenience during the time of long traveling. In residential sectors, during family outings and picnics, consumers carry their homely food but also use disposable.
Rising demand for food delivery services using various online platforms across the world will drive the market's growth rate
Food delivery services through various online and offline platforms emerged as one of the fast-growing services in the e-commerce space. The presence of different online apps and tools bestowed a new platform for the food industry. The availability of cash delivery options and many payment options like net banking and digital wallets have increased consumer attraction. Rapid urbanization is boosting the growing demand for restaurants, hotels, and food delivery. The increasing number of smartphones and food delivery apps is gaining mass adoption by the growing population. As the demand for online food delivery services is increasing for the consumer, this in turn is also increasing the demand for food service disposals such as trays, glass, and cartoons made up of paper or even aluminum foils.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Containers, Boxes & Cartons, Disposables Cups, Buckets, Lids & Domes, Bottle, Wraps And Sheets, Bags, Trays, Bowls, Carriers, Straws & Stirrers, Cutlery, Mugs, Tubs, Napkins, Doilies, Platters, Pans, Plates, Picks And Sticks, Moist Towelettes, Wipes And Others), Raw Material (Paper & Paper Boards, Plastics, Fiber, Aluminum And Others), Distribution Channel (B2B, E-Commerce, Specialty Stores, Supermarkets/Hypermarkets, Convenience Stores And Others), Application (Carbonated Soft Drinks & Energy Drink, Ready To Drink Ice Tea, Alcoholic Drinks & Beer, Dairy Products & Ice Cream, Bakery & Confectionery, Convenience Foods, Fruits & Vegetables, Meat, Fish, & Poultry, Sauces, Dressings & Condiments, Savory Snacks, Nuts & Dried Fruits And Coffee Packaging), End-User (Restaurant, Hotels And Motels, Tea, Coffee & Snack Shops, Retail And Vending Machines, Sports & Recreation, Buffets & Cafeterias, Food Delivery Outlets, and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Graphic Packaging International, LLC (U.S.), Sonoco Products Company (U.S.), Sealed Air (U.S.), WestRock Company (U.S.), Berry Global Inc. (U.S.), Huhtamaki Oyj (Finland), Cascades Inc. (Canada), Amcor plc (Australia), Airlite Plastics (U.S.), Twin Rivers Paper Company (U.S.), Seda Group, Inc. (Italy), Fabri-Kal (U.S.), Dart Container Corporation (U.S.), Anchor Packaging Inc. (U.S.), Placon (U.S.), Hoffmaster Group, Inc. (U.S.), D&W Fine Pack (U.S.), Menasha Packaging Company, LLC (U.S.), and Inteplast Group (U.S.) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand
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Segment Analysis:
Global foodservice disposables market is segmented into five notable segments, which are based on the product, raw material, distribution channel, application and end-user.
- On the basis of product, the market is segmented into disposables cups, plates, containers, straws & stirrers, cutlery, mugs, bags, trays, bowls, tubs,, napkins, platters, boxes & cartons, buckets, bottle, lids & domes, wraps and sheets, carriers, doilies, pans picks and sticks, moist towelettes, wipes and others. In 2023, the disposables cups segment is expected to dominate the market with 14.88% market share due to the increasing the demand for disposables cups.
- On the basis of raw material, the market is segmented into paper & paper boards , plastics , fiber , aluminium and others. In 2023, paper & paper boards are expected to dominate the market with 59.27% market share due to the stringent government regulations that banned the plastic foam products and the adoption of eco-friendly sustainable products.
- On the basis of distribution channel, the market is segmented into B2B, E-commerce, specialty stores, supermarkets/hypermarkets, convenience stores and others. In 2023, B2B is expected to dominate the market with 35.85% market share as disposables are highly used in hotels, bars, restaurants rather than homes.
- On the basis of application , the market is segmented into carbonated soft drinks & energy drink, ready to drink ice tea, alcoholic drinks & beer, dairy products & ice cream, bakery & confectionery, fruits & vegetables, convenience foods, meat, fish, & poultry, sauces, dressings & condiments, savory snacks, nuts & dried fruits, coffee packaging. In 2023, carbonated soft drinks & energy drink is expected to dominate the market with 22.95% market share as consumers mostly prefer to have liquid drinks throughout the day to feel fresh and hydrated.
The carbonated soft drinks & energy drink segment will dominate the application segment of the foodservice disposables market
The carbonated soft drinks & energy drink segment will emerge as the dominating segment under application segment. This is because of the growing demand for carbonated soft drinks & energy drink in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
- On the basis of end-user, the market is segmented into restaurant, tea, coffee & snack shops, food delivery outlets, buffets & cafeterias, retail and vending machines, hotels and motels, sports & recreation and others. In 2023, restaurant is expected to dominate the market with 29.14% market share as consumers are adopting digitalization food services through apps which increases the demand for foodservice disposabless.
The restaurant segment will dominate the end-user segment of the foodservice disposables market
The primary segment will emerge as the dominating segment under end-user with approximately 29% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the materials and packaging all around the globe will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in market: Graphic Packaging International, LLC (U.S.), Sonoco Products Company (U.S.), Sealed Air (U.S.), WestRock Company (U.S.), Berry Global Inc. (U.S.), Huhtamaki Oyj (Finland), Cascades Inc. (Canada), Amcor plc (Australia), Airlite Plastics (U.S.), Twin Rivers Paper Company (U.S.), Seda Group, Inc. (Italy), Fabri-Kal (U.S.), Dart Container Corporation (U.S.), Anchor Packaging Inc. (U.S.), Placon (U.S.), Hoffmaster Group, Inc. (U.S.), D&W Fine Pack (U.S.), Menasha Packaging Company, LLC (U.S.), and Inteplast Group (U.S.).
Market Development
- In January 2020, SelfEco launched a compostable beverage line to address the environmental challenges of the growing food service industries in the United States and Canada. Products are environmentally friendly, wood-free, oil-free, BPA-free and 100% compostable. This new innovation will help the company to expand its product portfolio.
- Placon, North America's leading thermoformer of durable plastic packaging, acquired a former Sonoco packaging facility in Wilson, North Carolina, in October 2021, expanding its manufacturing capacity and workforce. The agreement aided in meeting existing production capacity requirements in the retail and medical markets and expanded Placon's leadership in thermoforming of sustainable recycled PET packaging.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is the dominant region in foodservice disposables market during the forecast period 2023 to 2030
Given the presence of key market players in the largest consumer market with a high GDP, North America dominates. The United States is expected to grow because of technological advancements in the foodservice disposables market.
Asia-Pacific is estimated to be the fastest-growing region in foodservice disposables market the forecast period 2023 to 2030
As a result of growing travel and tourism industry, China now dominates the Asia-Pacific region. Due to the changing economy and the high penetration of the food service industry, India is expected to register a significant growth rate in the regional market.
COVID-19 Impact
With the sudden outbreak of COVID-19, lockdowns, and isolation rules imposed by a government authority, the online delivery sector is booming, allowing struggling restaurants to reclaim their market position. This shift toward online delivery is expected to become more permanent, increasing demand for the disposable food service market.
For more detailed information about the foodservice disposables market report, click here – https://www.databridgemarketresearch.com/reports/global-foodservice-disposables-market
