Global Disposable Food Containers Market Thrives: Projected CAGR of 5.1% Envisions Valuation of US$ 29.21 billion by 2033 Amidst Rising Adoption Across Industries

The Disposable Food Containers Market is witnessing rapid growth due to shifting consumer preferences and busy lifestyles. These single-use containers offer convenience, hygiene, and portability, making them popular choices for takeout, delivery, and on-the-go meals. The rising demand from the foodservice industry, coupled with the surge in online food delivery services, is driving the market's expansion.

Moreover, manufacturers are focusing on eco-friendly and biodegradable materials to address environmental concerns. With increasing awareness about sustainability and recycling, compostable and recyclable disposable food containers are gaining traction. As a result, the market is expected to continue its upward trajectory in the coming years.

The disposable food containers market is expected to accelerate with a CAGR of 4.0% to 4.5% in the global market. Asia Pacific region is projected to hold more than 35% of the total market by the end of the forecast period. Increasing convenience for customers and the growing food service industry are primary drivers for market growth.

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Disposable Food Containers: Market Outlook

Disposable food containers have been overshadowing traditional stainless steel and glass food containers for more than a decade now. The attributes like easy availability, single-usage hygiene factor, low cost, and handy packaging outlook could be termed as a few reasons behind the market penetration of the product.

Disposable food containers are useful to prevent contaminable foodborne diseases, which is the primary reason for its adoption by customers and manufacturers.

What are the Key Trends in the Disposable Food Containers Market?

The U.S. National Restaurant Association has projected US$ 1.2 trillion revenue for the restaurant industry in the United States by 2030. Customer demands, high-quality food services and increasing restaurant models are expected to fuel the market demand.

Cloud kitchens and virtual restaurants are food places that exist online or via mobile applications. A surge of online restaurants was observed due to pandemic situations. The food service industry is facing a revolution due to the entry of new business models entering the market space. Foodservice market is one of the largest global markets both in terms of value and volume.

Full-service restaurants, takeaway chains and food delivery sectors have observed an optimistic change in recent years. This has not only reflected a positive impact on disposable food containers but also helped manufacturers to provide a variety in shape, size, and material offered.

What will be the Factors Responsible for Market Growth Disruption of Disposable Food Containers?

Global sustainable development depends on the usage of a better quality of packaging, less wastage and low energy consumption for the production of goods. Governments of various nations are enforcing these sustainability goals and ensuring a circular economy is maintained.

Plastic ban, adoption of bio-degradable material for packaging and restricting usage of single-use products are some solutions that are expected to hinder the market growth of disposable food containers.

According to National Conference of State Legislatures, Idaho, North Dakota, Oklahoma and Tennessee are few of the US states that have legally prohibited the usage of auxiliary plastic food containers in the country.

An interview by Jenni Doering explained that Chinese government is promoting the biodegradable plastic bags and containers in the country while announcing a ban on single-use plastics in March 2020.

Competitive Landscape

Huhtamäki Oyj
GenPak LLC
Berry Global Inc.
Lacerta Group
LLC
Pactiv LLC
Solia
Sabert Corporation
Lindar Corporation
Placon
Veritiv Corporation
WestRock Company

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are few global players offering disposable food containers in the market.

Tianjin Yihsin Packing Plastic
Zhejiang Great Southeast Packaging Co.Ltd.
Taizhou Fenghua Packaging Container Co.Ltd.
TN Food Container Manufacturers
Damati Plastics
Prithvi Polymers Industries Pvt. Ltd.
Ace Packs
Chuo Kagaku Co.Ltd.
Hirokawa Co.Ltd.
FP Corporation

What are the Key Opportunities in Disposable Food Containers Market?

Biodegradability and recyclability are playing a vital role in changing the dynamics of the market. Environmental-friendly innovations are the key to success in the disposable food containers market. Changing consumer consumption patterns and increasing the foodservice industry are the key drivers that will act as a catalyst in the market growth.

According to World Health Organization, global per capita food consumption is projected to be 3050 kcal per day by 2030, which 3.7% more than the consumption in 2015. This not only projects market growth but also projects act an opportunity for investors and manufacturers.

Why is the United States considered to be a Colossal Market for Disposable Food Containers?

The United States is not only a home ground for many multi-dollar restaurant businesses but also a hub for packaging manufacturing. With the presence of key players and massive consumption, it acts as a colossal market for disposable food containers.

According to National Restaurant Association, the U.S. restaurant industry stood at sales revenue of US$ 659 billion in 2020 with 8 out of 10 restaurant owners starting business careers at entry-level positions.

How has Pandemic affected the Growth of Disposable Food Containers Market?

Pandemic is responsible for shut-downs and closing of restaurants and eateries, however, online food businesses, virtual kitchens and food delivery applications have maintained the market growth for disposable food containers. Online foodservice businesses observed a sudden rise in their businesses due to the repercussions of the pandemic that proved to be a boon for disposable food containers across the globe.

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Key Segments of Disposable Food Containers Covered in the Report

On the Basis of Material Type:

Plastic
PP (Polypropylene)
PS (Polystyrene)
PET (Polyethylene Terephthalate)
Paper and Paperboard
Aluminium
Others (Bagasse, Starch-based)

On the Basis of Application:

Fresh food
Food take-away
Others (food storage)

On the Basis of End-Use:

Restaurants and eateries
Take-away and online delivery
Catering services
Others

On the Basis of Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East & Africa (MEA)

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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.