The foodservice disposables global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Foodservice Disposables Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 growth in the historic period can be attributed to growing emphasis on the circular economy, the development of products that can be recycled or composted, proliferation of supermarkets and retail chains selling ready-to-eat meals, growing number of public events, festivals, and growth of coffee shops and takeaway coffee culture.
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%. The growth in the forecast period can be attributed to popularity of mobile restaurants and food trucks, increasing urbanization and busy lifestyles, stricter environmental regulations, products with eco-friendly certifications, and need for convenience and portability in food packaging. Major trends in the forecast period include integration of digital technologies in packaging, expansion of e-commerce platforms, demand of automation in the production of disposable products, innovation in edible packaging materials, and implementation of smart packaging solutions.
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Scope Of Foodservice Disposables Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Foodservice Disposables Market Overview
Market Drivers –
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.
Market Trends –
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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Regional Insights –
Asia-Pacific was the largest region in the foodservice disposables market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the foodservice disposables market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
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
Table of Contents
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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