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Foodservice Disposables Market 2024: Latest Trends, Growth Rate, Opportunity Assessment And Forecast To 2033
Foodservice Disposables Market
As per the report, the foodservice disposables market size has grown strongly in recent years. It will grow from $58.86 billion in 2023 to $62.58 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The foodservice disposables market size is expected to see strong growth in the next few years. It will grow to $80.37 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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Growth in Online Food Industry Fuels Expansion of Foodservice Disposables Market
The growth in the online food industry is expected to propel the growth of the foodservice disposables market going forward. The online food industry refers to the sector of e-commerce that involves the ordering and delivery of food through online platforms or mobile apps. The growth in the online food industry is increasing with consumer demand for convenience, advancements in delivery logistics, and the widespread adoption of mobile applications for ordering food. Foodservice disposables support the online food industry by offering convenient, hygienic, and cost-effective packaging solutions that maintain food quality, support branding efforts, and cater to sustainability concerns. For instance, according to the Australian Bureau of Statistics, an Australia-based government administration, online food retailing sales grew from 5.8% in December 2022 to 6.4% in December 2023. Therefore, the growth in the online food industry will drive the foodservice disposables market.
Innovative Paper-Based Packaging Solutions in the Foodservice Industry
Major companies operating in the foodservice disposables market are prioritizing the development of paper-based packaging solutions to tackle environmental issues and satisfy growing consumer preferences for sustainable products. Paper-based packaging solutions refer to packaging materials and products primarily made from paper or paperboard. For instance, in January 2022, Amcor, a Switzerland-based packaging and container manufacturing company, launched AmFiber, a paper-based packaging product. The AmFiber platform introduces innovative paper-based packaging solutions to enhance performance and sustainability across various consumer applications, starting with a high-barrier, recyclable package for snacks and confectionery in Europe.
The foodservice disposables market covered in this report is segmented -
1) By Packaging Type: Rigid, Flexible
2) By Material: Plastic, Paper And Paperboard, Bagasse, Polylactic Acid, Other Materials
3) By Application: Food Service, Online Delivery, Institutional
4) By End User: Restaurant, Hotels And Motels, Tea, Coffee And Snack Shops, Retail And Vending Machines, Sports And Recreation, Buffets And Cafeterias, Food Delivery Outlets, Other End-Users
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Major companies operating in the foodservice disposables market are WestRock Company, International Paper, Berry Global Inc., Graphic Packaging International LLC, Sonoco Products Company, Pactiv Evergreen Inc., Huhtamaki, Dart Container Corporation, Novolex, Printpack, Genpak, Sabert Corporation, Duni Group, D&W Fine Pack, Fabri-Kal, Anchor Packaging LLC, Hoffmaster Group Inc., Airlite Plastics, WinCup, Inline Plastics, Gold Plast SpA, Vegware, PrimeWare, Eco-Products
Contents of the report:
1. Executive Summary
2. Foodservice Disposables Market Report Structure
3. Foodservice Disposables Market Trends And Strategies
4. Foodservice Disposables Market - Macro Economic Scenario
5. Foodservice Disposables Market Size And Growth
…..
27. Foodservice Disposables Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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