DUBLIN, Dec. 19, 2019 /PRNewswire/ — The “Foodservice Disposables Market – Global Outlook and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.
The Global Foodservices Disposables Market is Expected to Grow at a CAGR of Over 4% During the Period 2019-2025.
The global foodservice industry is evolving to cater to the changing preferences of customers. With advances in packaging and material technology, the industry is expected to meet several diverse needs in terms of product shelf life, brand promotion, and regulatory compliance. Developing countries with low to moderate per capita provide higher growth opportunities for vendors as material, manufacturing, labor, and production costs are low, thereby allowing vendors to maximize revenues.
Small vendors with low-grade raw materials and cheap machinery sourced from China serve the African and Latin American markets. The adoption of paper disposables is likely to witness traction due to the rise in the on-the-go coffee and coffee culture. China and Japan are expected to face increasing pressure against the production of throwaway chopsticks, which is expected to decrease exports and increase the use of reusable chopsticks in Europe.
- Emergence of Third-party Food Delivery Services
- Convenience Maximalism & Changing Food Habits
- Innovative Products with Improved Compostability
- Increase in Packaged & RTE Foods
- Lack of Recycling & Composting Infrastructure
- Rising Volatility in Operational & Material Cost
- Rise of Microbrands & Volatile Market Landscape
Opportunities & Trends
- Emergence of Sustainable Products
- Low Degree of Standardization Led by Volatility
This research report includes detailed segmentation by product, end-user, material type, application, and geography.
The global disposable containers market is expected to reach over $26 billion by 2025. Disposable containers are witnessing increased innovations in maintaining temperature, texture, and taste during delivery. Increasingly hectic lifestyles and the need for maximizing convenience have driven several outlets to focus on off-premise eating habits. This phenomenon is aiding the demand for throwaway products, including containers.
The rise of online delivery platforms and mobile applications is underpinning the growth of throwaway products, especially dinnerware and containers. Countries such as India, Bangladesh, Sri Lanka, Nepal, and Indonesia have a high usage of dinnerware made from leaves and pottery. Another driving segment in these countries is the widespread presence of roadside stalls and small joints and outlets that rely on disposable trays, plates, cups, and cutlery.
Plastic has high acceptance among consumers as it has become a necessity to handle food items. The significant benefits that have underpinned the growth of plastic as a primary material in the foodservice disposables market are protection, aesthetic appeal, and convenience for home delivery and takeaway, the availability of high barrier properties.
The hotel & restaurant segment has emerged as the major end-user of paper disposables. The demand for paper cups has witnessed a surge worldwide owing to their eco-friendly nature. Also, disposable paper cups tend to be safer than reusable cups as they are exposed to high heat during the manufacturing process, thereby making the product germ-free.
The growth in the food and beverage industry is boosting the restaurants and catering segment. The growing culture of eating off-premise and take-away orders is further aiding market growth. However, the increasing regulatory stringency is expected to emerge as the major challenge for market growth. Also, specialty outlets and caterers are adopting products made of recyclable and biodegradable materials.
Disposable cups, cutlery, and dinnerware are in high demand among commercial and institution end-users. The demand for disposables in the commercial and institutional segment is aided by a high degree of sanitization offered by single-use products. This factor has particularly aided the demand for these products in hospitals and corporate offices.
Disposable products are mainly sold through retail distribution channels. The distribution environment is rapidly evolving with systems, and processes are being upgraded at a rapid pace. Changes are being spurred by expanding competition, accelerating digitization, constant disintermediation, and consumerization of expectations. As the foodservice disposables market is highly competitive, distributors are increasingly focusing on extending their reach. Disposables products are also available to end-users through OEMs’ e-commerce portals and online direct-to-consumer stores. The online sales contributed over an 18% share of the global market in 2019 due to the high demand from retailers, dealers, and consumers for a multi-channel approach.
Insights by Geography
North America is an established market for disposable products. The growth of the foodservice industry in the US and Canada is boosting the demand for diverse disposable solutions.
China, Japan, and India are witnessing a surge in disposable solutions on account of fast-growing economies and increasing consumption. The increasing demand from food joints and other end-user segments is a major factor for market growth.
Further, Western European economies are witnessing maturity with certain EU directives regulating the market for single-use disposable products made of plastic.
Latin America is expected to witness steady growth on account of the large middle-class population with high spending power. With per capita consumption in Latin America and the Caribbean reaching over 2,900 kcal per capita per day, the consumer eatable market is expected to witness growth in the region.
MEA has a huge potential as the per capita consumption is currently lower than in Europe and North America. The growth, however, could be affected by the volatile African economy. The logistics infrastructure is inadequate in African countries, which is likely to hamper the availability of snacks and finger foods.
Key Vendor Analysis
The intense competition is expected to drive mergers & acquisitions across the market. Vendors are shifting to sustainable and biodegradable foodservice disposables materials. Regulations for the use of single-use plastics are driving the demand for sustainable products, thereby encouraging vendors to move toward eco-friendly and sustainable production and disposal methods.
The global foodservice disposables market is highly fragmented, with a few vendors touching the $1 billion in revenue. Small and medium enterprises primarily dominate it. While larger players have been aggressively adopting an inorganic growth strategy to expand their operations, small companies focus on customization as the competition is currently based on – sustainability and price. Moreover, the implementation of diverse government regulations is another aspect that vendors have to consider while serving different geographies.
Currently, the market lacks the infrastructure for recycling disposed products. However, vendors are expected to shift entirely to green materials by 2025. The penetration of bio-based plastics in various end-user categories is expected to increase and have a favorable effect on the early movers.
Key Market Insights
- The analysis of the foodservice disposables market provides sizing and growth opportunities for the forecast period 2020-2025.
- Offers market sizing and growth prospects for the forecast period 2019-2025.
- Provides comprehensive insights on the latest industry trends, forecast, and growth drivers.
- Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
- Delivers a complete overview of segments and the regional outlook of the market.
- Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain a competitive advantage.
Key Topics Covered
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study
4.4 Market Segments
4.4.1 Market Segmentation by Product Type
4.4.2 Market Segmentation by Materials
4.4.3 Market Segmentation by End-users
4.4.4 Market Segmentation by Distribution Channel
4.4.5 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
8 Value Chain Analysis
8.2 Material Insights
8.4 Packaging & Labeling
9 Market Dynamics
9.1 Market Growth Enablers
9.2 Market Growth Restraints
9.3 Market Opportunities & Trends
10 Foodservice Disposables Market Landscape
10.1 Market Overview
10.2 Five Forces Analysis
10.2.1 Threat of New Entrants
10.2.2 Bargaining Power of Suppliers
10.2.3 Bargaining Power of Buyers
10.2.4 Threat of Substitutes
10.2.5 Competitive Rivalry
11 By Product Type
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Disposable Containers
11.4 Disposable Cups
11.5 Disposable Dinnerware
11.6 Disposable Cutlery
11.7 Other Disposable Products
12 By Material Type
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.6 Other Materials
13 By End-user Type
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Restaurants & Catering
13.4 Commercial & Institutional
13.5 Individual Consumers
13.6 Other End-users
14 By Distribution Channel
14.1 Distribution Channel Overview
14.2 Distribution Through Online Channel
14.3 Distribution Through Offline Channel
15 By Geography
15.1 Market Snapshot & Growth Engine
16 North America
19 Latin America
20 Middle East & Africa
21 Competitive Landscape
21.1 Competition Overview
21.2 Strategic Recommendations
22 Key Company Profiles (Business Overview; Major Product Offerings; Key Strengths, Strategies & Opportunities)
22.1 Anchor Packaging
22.2 Dart Container Corporation
22.5 Pactiv (Reynolds Group)
23 Other Prominent Vendors (Business Overview & Product Offerings)
23.1 Berry Global
23.3 Genpak (The Jim Pattinson Group)
23.4 Georgia-Pacific (Koch Industries)
23.6 Biopac India Corporation
23.7 D&W Fine Pack
23.9 First Pack
23.10 Gold Plast
23.11 Gordon Food Service
23.13 Lollicup USA
23.14 Multi-Cup Solutions
23.15 Pak-Man Food Packaging
23.27 Citi Packs
23.28 Eco Party Box
23.30 Fineline Settings
23.32 Graphic Packaging International
23.33 Green Wave International
23.34 Handy Wacks
23.35 Harwal Group
23.36 Hoffmaster group
23.37 Inline Plastics
23.38 Jeafer Foodservice Solutions Ltd.
23.39 Luheng Papers Company
23.41 Performance Food Service
23.42 Republic Plastics
23.45 Wentworth Technologies
23.46 Your Green 2 Go
For more information about this report visit https://www.researchandmarkets.com/r/ps70xh
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