Introduction
Foodservice disposables are food containers that are used for one time and then it is either disposed off or recycled.
Food containers are used in the form of flexible bags, sacks, paperboard, rigid plastic containers, metal containers, and glass bottles.
The growing importance of flexible packaging material in the nutrition industry on account of exhibiting excellent properties including good heat insulation, aroma retention, and moisture barrier resistance is expected to drive the market over the projected period.
Foodservice business is witnessing an impressive growth. Increasing online channels and apps for food delivery services are resulting in the growing demand for foodservice disposables like cups, plates, containers, etc.
The trend of delivering food at home or at any place by the order is contributing to the growth of the foodservice disposables.
Moreover, increasing concern among environmentalists about plastic-based products is also resulting in the wide usage of recyclable plastic for making plastic based foodservice disposables.
Table of Contents
Market Overview
The global Food Service Disposables market size is projected to reach USD 8.8 billion by 2026, from USD 7.5 billion in 2020, at a CAGR of 2.8% during 2021-2026
North America was the largest regional market, accounting for 42.4% share of the global revenue in 2018.
Shifting trend towards consumption of ready to eat food is fueling the growth of the market
Key Trends
The availability of online ordering and delivery services allows the enjoyment of eating out while still tending to their busy lives. As this trend continues to rise, the establishments that serve them must be prepared to package a meal for takeout or delivery while ensuring the best eating experience for their guests.
Fast casual restaurants provide a perceived fresher, healthier alternative to the traditional fast-food establishment, as well as a more convenient, cheaper alternative to casual dining. Solid revenues in fast casual restaurants, including many customizable pizza concepts, will fuel demand for cups, wraps, utensils, and similar items.
Key Market Players
The global food service disposable market size is significantly fragmented and competitive. Some of the market players are Cascades, Dart Container, Goldplast SPA, and Anchor packaging. Companies are involved in mergers & acquisitions and are significantly increasing R&D investments to expand product portfolio as well as provide sustainable disposables to ensure compliance with the governmental and environmental norms.
Growth Drivers and Challenges
Increasing number of restaurants are using disposable plates, cups, trays, bowls, etc., to serve various food items. Majority of the restaurants have started providing catering services hence the use of foodservice disposables has also increased.
Growing importance of various factors such as convenience, timeliness, and variety in respect of food items among consumers poses great potential for food disposables in the market.
Adoption of food service disposables is increasing on account of rising online delivery services through mobile apps and other online platforms, which cater the market with a variety of food at our fingertips.
Despite the opportunities, there are some challenges that remain. The biggest challenge for disposables in our packaging is the limited availability of infrastructure to recycled waste materials particularly in developing and emerging markets.
Plastic bottles take 450 years to disintegrate, and cans take 80-100 years, which makes plastic disposables very harmful to the environment