Oct 4, 2023   SOURCE: BusinessWire

Disposable Plates Segment Leads Growth in Global Food Service Disposables Market, Projected to Reach $34.4 Billion by 2030 - ResearchAndMarkets.com

The "Food Service Disposables - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Food Service Disposables was estimated at approximately US$58.5 billion in 2022 and is projected to reach around US$96.5 billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 6.5% during the forecast period from 2022 to 2030.

Food service disposables refer to a wide range of products used in the foodservice industry that are designed for one-time use and disposal after serving food or beverages.

Segmentation by Product Type

  • Plates Segment: This segment is projected to record a CAGR of 7.7% during the forecast period and reach a market size of US$34.4 billion by 2030. Disposable plates are widely used in various foodservice establishments, including restaurants, fast-food outlets, and catering services.
  • Cups & Glasses Segment: The cups and glasses segment is estimated to grow at a CAGR of 6.6% over the next eight years. Disposable cups and glasses are commonly used for serving beverages such as soft drinks, coffee, and water in the foodservice industry.

Regional Market Insights

  • United States: The Food Service Disposables market in the United States was estimated at US$15.6 billion in 2022. The U.S. market is expected to continue growing, driven by the widespread use of disposable foodservice products in the country's extensive restaurant and fast-food chains.
  • China: China is forecasted to experience significant growth in the Food Service Disposables market, with a projected market size of US$18.3 billion by 2030. This growth is supported by the country's expanding foodservice industry and the adoption of disposable products.
  • Japan: Japan is expected to grow at a CAGR of 4.8% during the forecast period, driven by the demand for convenience in foodservice establishments.
  • Canada: Canada's Food Service Disposables market is also set to grow, with a forecasted CAGR of 6.2%. The country's diverse food culture and the presence of various foodservice outlets contribute to the demand for disposable products.
  • Germany: In Europe, Germany is anticipated to grow at a CAGR of approximately 4.6%. The country's well-established foodservice sector and eco-friendly disposable product options are driving market growth.

Key Market Players

Some of the key players in the global Food Service Disposables market include:

  • Amcor PLC
  • Champion Products Corp
  • Ball Corporation
  • Cascades, Inc.
  • Fabri-Kal Corporation
  • Dart Container Corporation
  • Abena A/S
  • Genpak LLC
  • Bunzl PLC
  • gategroup
  • Anchor Packaging, Inc.
  • Clearwater Paper Corporation
  • Berry Global, Inc.
  • Dongguan City Luheng Papers Company Ltd.
  • Freshening Holdings (S) Pte., Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Changing Food Habits and Trend towards Convenience & Ready-to-Eat Foods Fuels Foodservice Disposables Market
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Dynamics of Foodservice Outlets and Restaurants Set the Tone for Disposables Demand
  • Global Food Service Disposables Market Size (US$ Billion) for the Years 2018, 2021 & 2024
  • Food Disposables Market Benefits from the Growth of QSRs and Fast Food Establishments
  • Global Fast Food & Quick Service Restaurant Market Size (in US$ Billion) for 2019, 2022 & 2025
  • Healthy Gains in Third Party Online Food Delivery Services & Mobile Apps Drive Need for Disposables
  • Global Online Food Delivery Services Market Size (in US$ Billion) for 2019, 2021, 2023 & 2025
  • Global Online Food Delivery Market Breakdown by Platform-to-Consumer Delivery and Restaurant-to-Consumer Delivery for 2017 and 2019
  • Increasing Smartphone Penetration & Growing Internet Connectivity Fuel Online Food Delivery Services, Augur Well for Disposables Market
  • Rising Smartphone Usage Drive Use of Online Food Delivery Services: Global Market for Smartphones in Billions (2016-2021)
  • Global Internet Usage Supports Growth of Online Food Delivery Platforms: Number of Internet Users (in Billion) and Internet Penetration Rate (in %) for the Years 2015 through 2019
  • Plastic Food Service Disposables Raise Concerns Over Environmental Pollution, Drive Focus onto Eco-Friendly Alternatives
  • Single Use Plastics Pollution Throws Spotlight on Sustainability and Eco-Friendly Alternatives: Global Plastics Production Output in Million Tons for the Years 2010 through 2019
  • As Safety Reigns Supreme, Food Service Industry Compelled to Place Sustainability on the Backburner
  • Increased Focus on Sustainable Products Drives Demand for Biodegradable Food Service Disposables
  • Compostable Foodservice Packaging Market Poised for Growth
  • Global Compostable Food Service Packaging Market by End-Use (%) for 2020E
  • Innovative Designs & Customizations and Eco-Friendly Materials: Focus Area for Disposables Manufacturers
  • Product Design and Features Play a Critical Role
  • Advent of UV-Cured Inks to Create Custom Prints/Designs
  • Double Walled Embossed Cups for Heat Resistance and Better Grip
  • Disposable Cups & Lids Head Towards Bright Future
  • Disposable Plastic Containers Continue to Record Strong Demand
  • Styrene in Foam Packaging Raises Health Issues

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/unvqvv

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