The global food service disposable market size is expected to reach USD 88.25 billion by 2030 according to a new study by Polaris Market Research. The report “Food Service Disposable Market Share, Size, Trends, Industry Analysis Report, By Packaging (Rigid, Flexible); By Material (Plastic, Paper & Paperboard, Bagasse, Polylactic Acid, Others); By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global market is likely to be driven by the rise of online meal delivery facilities. Furthermore, owing to busy lives and strenuous work schedules, Quick-Service Restaurants' (QSRs) increasing popularity is likely to favor disposable market expansion over the forecast period, particularly in developing countries. For instance, according to the National Center for Biotechnology Information. Globally, the meal delivery industry generated USD 107.4 billion in revenue in 2019, up 17.5 percent from the previous year. The surging demand for online delivery facilities as a result of the COVID-19 pandemic is likely to propel the industry forward. The increase in demand is facilitated by city-wide lockdowns that prohibit hotels, restaurants, and cafes from providing dine-in facilities.
Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/food-service-disposable-market/request-for-sample
In 2021, the foodservice application category dominated the industry. This industry's characteristics are continuously changing, which will help the global market flourish. Furthermore, disposable facilities will rise as demand for takeaways and online meal delivery amenities grow. Due to stringent lockdowns implemented across multiple countries, the COVID-19 pandemic negatively influenced the industry since all firms were forced to close.
The industry has changed since the lockdown ended, forcing it to employ disposables more frequently for dine-in and online meal delivery applications. As a result, disposable facilities are in higher demand from all types of food providers, thus continuing in the forthcoming years.
Major participants such as Sabert CorporationGenpak LLC, Go-Pak Group, Graphic Packaging International LLC, Sonoco Products Company, Interplast Group, Contital Srl, Pactiv LLC, RR Packaging Ltd., and Huhtamaki Food Service are some of the key competitors in the market.
In April 2021, before the EU Single-Use Plastics Directive, Berry Superfos introduced a bamboo spoon for on-the-go cuisine, while Celebration Packaging released a recyclable paper cutlery line. Previously, in July 2021, SCG Packaging Public Company Limited (SCGP) expanded its product offerings by acquiring Go-Pak to include those from its other packaging plants, leveraging its established position in the UK, Europe, and the U.S.
Polaris Market Research has segmented the food service disposable market report based on packaging, material, application, and region:
Food Service Disposable, Packaging Outlook (Revenue - USD Billion, 2018 - 2030)
Food Service Disposable, Material Outlook (Revenue - USD Billion, 2018 - 2030)
Food Service Disposable, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Food Service Disposable, Regional Outlook (Revenue - USD Billion, 2018 - 2030)