Anchor Packaging, Dart Container Corp., Huhtamaki, Novolex, and Pactiv are identified as prominent vendors in the global foodservice disposables market.
Arizton’s recent market research report on the foodservice disposables market provides comprehensive industry analysis, trend forecasts, and competitive analysis. The study includes insights on segmentation by Type (containers, cups, dinnerware, cutlery, and other products), Material (plastic, paper, aluminum and others), End-user (restaurants and catering, commercial and institutions, individual consumers, and others), Distribution (retail and online) and Geography (APAC, Europe, Latin America, MEA, and North America).
The global foodservice disposables market is projected to grow at a CAGR of over 4% during the period 2019–2025.
Foodservice disposables products are convenient and cost-effective solutions to prevent the spread of food-borne diseases. These products are for single-use, thereby significantly reducing contamination instances. The FDA mentions that single-use articles (disposable packaging) must be used to “prevent foodborne illness to consumers. One of the major driving factors for foodservice disposables currently is the convenience that they offer at no added cost to the user. Some innovative disposable foodservice products made with quality plastics are microwave safe.
The foodservice disposables market is divided into five major segments – products, materials, end-users, distribution, and geography.
Disposable containers segment to lead the market in North America
Disposable containers are primarily used by restaurants and other food joints to provide hybrid food solutions. The use of throwaway containers is expected to witness growth in revenues due to the increase in home delivery services, the prevalence of pantry and small eateries in retail outlets, food trucks, coffee, and shops. The rise in food joints has increased the number of third-party food delivery service providers, which is driving the demand for disposable food containers worldwide. These food containers are expected to witness a shift to paper and paperboard-based materials following the ban on single-use plastic products in Europe and several other countries.
Plastic to emerge as the largest material used in disposable foodservice products
Plastic was the largest material segment in 2019. It has found high acceptance among consumers as the material has become a necessity to handle food items. The major benefits underpinning the growth of plastic in the foodservice disposables market are food protection, convenience, and the availability of high barrier properties. However, despite the high application of plastic materials, the growing awareness about the impact of this material on health and the environment, coupled with growing regulatory compliance, is expected to decline the market of the segment.
Growth in global food and beverage market to boost restaurant and catering segment
The restaurant and catering segment comprises restaurants, QSR, food trucks, third-party food delivery service providers, catering, and event management service providers. The growth of the global food and beverage industry is boosting the segment. The European food and beverage industry reported a turnover YOY growth of 4% in 2019. The growing culture of eating off-premise and take-away orders is a major factor contributing to the segment. However, the increasing stringency in regulatory policies against the use of plastic and foam disposable products is the major challenge for the restaurants and catering segment.
Anchor Packaging, Dart Container Corp., Huhtamaki, Novolex, and Pactiv are identified as prominent vendors in the foodservice disposables market.
The complete overview of the latest market research report on the foodservice disposables market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges and provides market sizing and forecast for major geographical regions and key countries.
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