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.
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Food Service Disposable Market (By Packaging Type: Rigid, Flexible; By Material: Plastic, Paper & Paperboard, Bagasse, Polylactic Acid, Others; By Application : Food Service, Online Delivery, Institutional) – Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 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
- Sabert Corp.
- Genpak LLC
- Pactiv LLC
- Contital Srl
- Go Pak Group
- R+R Packaging Ltd.
- Interplast Group
- Packaging Type
- Cups & Glasses
- Trays & Containers
- Bowls & Tubs
- Mugs & Saucers
- Wraps & Films
- Paper & Paperboard
- Polylactic Acid
- Food Service
- Full Service
- Quick Service
- Online Delivery
- Food Service
- North America
- The Netherlands
- Asia Pacific
- Central & South America
- Middle East & Africa (MEA)
- South Africa
- North America
The study objectives of this report are:
- To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
- Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- To define, describe and forecast the market by type, application and region.
- To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
- To identify significant trends and factors driving or inhibiting the market growth.
- To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
- To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
- To strategically profile the key players and comprehensively analyze their growth strategies.
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