The Foodservice Disposables Market is Estimated to Witness High Growth Owing to Increased Demand for Single-Use Products
Foodservice disposables refers to a range of disposable tableware and food packaging items including plates, bowls, cups, wrappers, and containers that are designed for one-time use in food services, takeaway, and home delivery. The use of foodservice disposables has increased significantly in recent years as they help reduce cleaning costs for food businesses and ensure hygiene.
The global foodservice disposables market is estimated to be valued at US$ 31.48 Bn in 2024 and is expected to exhibit a CAGR of 6.4% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the foodservice disposables market are Dart Container Corporation, Georgia-Pacific LLC, Anchor Packaging Inc., DW Fine Pack LLC, Gold Plast SpA, Berry Plastics Group, Inc., DOpla S.p.A., Huhtamki Oyj, New WinCup Holdings, Inc., andPactiv LLC. These players are focusing on developing innovative and sustainable packaging solutions to cater to the growing demand from quick-service restaurants, takeaway joints, and online meal delivery services.
The rise of the on-the-go eating Foodservice Disposables Market Demand along with increasing work pressures have boosted the demand for takeaway and ready-to-eat meals, creating lucrative opportunities for players in the foodservice disposables market. Furthermore, technological advancements such as anti-microbial treatments for containers and digital printing on cups have enhanced product functionality and branding abilities.
Market Drivers
One of the key drivers for the foodservice disposables market is the growth of the foodservice industry. Rising disposable incomes and changing lifestyles have increased domestic and international tourism, boosting the demand for food outlets, restaurants, cafes, and takeaway joints. This has augmented the use of disposable tableware, cutlery, and food packaging. Moreover, rapid urbanization has prompted the expansion of the quick-service restaurant sector which extensively uses foodservice disposables to serve customers efficiently and ensure hygiene.
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