The global food service disposable market size is expected to be worth around US$ 85.2 billion by 2030, according to a new report by Vision Research Reports.
The global food service disposable market size was valued at US$ 55.9 billion in 2020 and is anticipated to grow at a CAGR of 6.9% during forecast period 2021 to 2030.
|Market Size||USD 85.2 billion by 2030|
|Growth Rate||CAGR of 6.9% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Packaging type, material, application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Huhtamaki Food Service; Graphic Packaging International LLC; Sonoco Products Company; Sabert Corporation; Genpak LLC; Pactiv LLC; Contital Srl; Go Pak Group; R+R Packaging Ltd.|
The increasing popularity of Quick-Service Restaurants (QSRs), especially in the developing regions, such as Asia Pacific, owing to hectic work schedules is expected to aid the market growth over the forecast period. The online food delivery application segment is expected to register the highest CAGR over the forecast period, which is propelled by the outbreak of COVID-19 causing a rise in online food delivery across the globe. In 2020, the online food delivery services sector was valued at over USD 21.3 billion, which is expected to increase rapidly in the future. Disposable products, such as aluminum foil containers, paper cups, and paperboard boxes, are largely used in the packaging of online food delivery.
By Packaging Type Analysis
The rigid packaging type segment led the highest revenue share of more than 77% in 2020. Rigid packaging is mainly used to protect food from spillage and for the convenience of consumers. A variety of rigid packaging is used by foodservice providers depending on the temperature, quantity, and material state of the food.
The flexible packaging type segment is estimated to record the fastest CAGR from 2021 to 2030. The high growth is attributed to the rising demand for flexible paper packaging as a result of government restrictions on single-use plastic products in many regions, such as Europe.
By Material Analysis
The plastic material segment led the market accounting for more than 54% share of the global revenue in 2020. The segment will retain the dominant position throughout the forecast period as plastic is the most preferred choice of material in the packaging industry due to its low cost, ease of use, lightness, temperature resistance, etc. Plastics are used for the manufacturing of various products, such as plates, bowls, cups, trays, cutlery, and food containers.
Paper and paperboard packaging has been witnessing high growth over the past few years, especially replacing popular disposables, such as plastic cups. Paper & paperboard is used to make various other products including plates, trays, bowls, straws, egg cartons, and tray liners. Paper-based takeaway containers are an affordable and eco-friendly option in the market.
By Application Analysis
The food service application segment held the market with a revenue share of more than 52% in 2020. The dynamics of the food service industry are changing rapidly, which is expected to aid in the growth of the food service disposables market.
The post-lockdown era has changed the aspects of the industry and forced it to increase the use of disposables for both dine-in and online food delivery applications. This has resulted in the increasing demand for food service disposables from all kinds of food service providers and the trend is expected to continue in the years to come.
By Regional Analysis
Asia Pacific dominated the market in 2020 accounting for the highest revenue share of more than 37%. The regional market is anticipated to expand further at the fastest CAGR from 2021 to 2030 owing to the presence of the fastest-growing economies and flourishing food service industry.
India is also expected to register a significant growth rate in the regional market due to changing economy coupled with the high penetration of the food service industry. The other large markets in the region include Japan, South Korea, and Indonesia.
Huhtamaki Food Service
Graphic Packaging International LLC
Sonoco Products Company
Go Pak Group
R+R Packaging Ltd.
Cups & Glasses
Trays & Containers
Bowls & Tubs
Mugs & Saucers
Wraps & Films
Paper & Paperboard
Central & South America
Middle East & Africa (MEA)
The Food Service Disposable market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Food Service Disposable market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Food Service Disposable market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Food Service Disposable market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Food Service Disposable market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Food Service Disposable capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Food Service Disposable by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Food Service Disposable market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Food Service Disposable market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Food Service Disposable market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Food Service Disposable industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Food Service Disposable market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Food Service Disposable market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Food Service Disposable market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Food Service Disposable market. These factors have benefited the growth of the global market for Food Service Disposable. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Food Service Disposable. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Food Service Disposable are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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