Foodservice Disposables Market Size to grow by USD 10.61 billion between 2023-2027
The Foodservice Disposables Market is segmented by Type (Rigid and Flexible), Material (Plastic, Paper, Aluminum, and Others), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). As per the Global Forecast research report 2023-2027 published by Technavio, the market size is estimated to grow by USD 10.61 billion, at a CAGR of 4.94% during the forecast period. There are several companies that are contributing to the market as per this report. Rising adoption of online ordering and delivery services .
By Type, the Rigid segment is projected to dominate the market size in 2024
In the Foodservice Disposables Market, rigid products hold significant market share. These disposables, including plastic utensils, plates, bowls, cups, trays, metal cutlery, and glassware, offer convenience and ease of use, particularly in fast-paced foodservice environments. Rigid disposables provide cost savings by eliminating the need for washing, sanitizing, and storage. Recently, there's a business focus on eco-friendly and sustainable materials, such as biodegradable and compostable plastics, and paper-based materials sourced from renewable resources, to produce these disposables.
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By Material, Plastic segment is expected to hold the largest market size for the year 2024
In the foodservice industry, plastic disposables have gained significant traction due to their durability, versatility, and cost-effectiveness. These lightweight and easily manufacturable materials are widely used in various forms, such as plates, cups, utensils, and food containers, by establishments serving sandwiches in bakeries and cafes, cold beverages in plastic cups with straws, and coffee with plastic stirrers. Prominent vendors in this market include Genpak, Gordon Food Service, Biopac, Huhtamaki, and H.
Why is North America forecasted to hold the largest regional market size in 2024?
The North American foodservice disposables market caters to the provision of disposable items, encompassing plates, cups, cutlery, and packaging for food and beverages in restaurants, cafes, and other foodservice establishments. This market, which encompasses both paper-based and plastic-based disposables, experienced significant growth in North America, making it the largest region in 2022. Key players in this sector include Anchor Packaging, Carlisle FoodService Products, Dart Container, Coveris, Genpak, and The Waddington Group. The surging demand for foodservice disposables in North America can be attributed to the increasing number of Limited Service Restaurants (LSRs), with the US leading the way due to its high concentration of restaurants, hotels, and Quick Service Restaurants (QSRs).
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Research Analysis Overview
The Foodservice Disposables Market encompasses a wide range of products, including those made from Plastic material in both Flexible packaging type and Rigid packaging type. Institutions such as Quick-Service Restaurants and Fast food outlets heavily rely on these Plastic packaging products for their convenience and durability. The Packaging Type Insights report indicates a significant growth in the demand for Plastic packaging due to its lightweight, cost-effective, and protective properties. Urbanization and the rise of Food delivery services have further fueled the demand for disposable containers made of Plastics. Digitalization has also played a crucial role in the market's expansion, enabling seamless ordering and contactless delivery. Key players in this sector include Placon, Airlite Plastics, Sealed Air, and others, who continue to innovate and offer sustainable solutions to meet the evolving needs of the Packaged food industries. Paper-based alternatives are also gaining traction, but Plastics remain a preferred choice for their versatility and functionality.
Market Research Overview
The Foodservice Disposables Market is experiencing significant growth due to the increasing demand for convenient and cost-effective solutions in the foodservice industry. Key drivers include the rise of quick-service restaurants and the trend towards single-use items for food safety and sanitation purposes. Additionally, advancements in materials science are leading to the development of more sustainable and eco-friendly disposables, making this market a dynamic and innovative space for businesses. - The Foodservice Disposables Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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