Authored By: Sarah
16 Jun 2021

Foodservice Disposables Market Size to Grow by $ 10.86 Billion through 2021-2025  

Technavio research projects the foodservice disposables market to grow by $ 10.86 billion, accelerating at a CAGR of about 6.25% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Foodservice Disposables Market: Receive FREE Sample Report


Foodservice Disposables Market: Key Market Driver

One of the primary factors that will trigger the growth of the foodservice disposables market size is growth of food delivery and takeaway markets. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

The rapid urbanization in several countries in APAC will facilitate the foodservice disposables market growth in APAC over the forecast period. 32% of the market growth will originate from APAC during the forecast period with China being the key market for foodservice disposables market in the region. Market growth in this region will be faster than the growth of the market in other regions.

Top Drivers for Foodservice Disposables Market Size to Grow by $ 10.86 Billion During 2021-2025

Foodservice Disposables Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Amcor Plc, Anchor Packaging Inc., Berry Global Group Inc., Dart Container Corp., Genpak LLC, Graphic Packaging Holding Co., Huhtamaki Oyj, Reynolds Group Ltd., Sealed Air Corp., and Sonoco Products Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of about 6.25%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 10.86 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Growth of food delivery and takeaway markets will drive market growth over the forecast period.                                                                                                       
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    32% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Amcor Plc, Anchor Packaging Inc., Berry Global Group Inc., Dart Container Corp., Genpak LLC, Graphic Packaging Holding Co., Huhtamaki Oyj, Reynolds Group Ltd., Sealed Air Corp., and Sonoco Products Co.

     
  7. What are the market segments covered in this report?
    The market is segmented by Material (Plastic, Paper, Aluminum, and Others) and Geography (North America, Europe, APAC, South America, and MEA)
Read News Read Less
Interested in this report?
Get your sample now!
Technavio