The foodservice disposables market is estimated to expand at a CAGR of 5.1% from 2015 to 2021, to account for US$ 27,187 Mn by 2021. The market was valued at US$ 19,200 Mn in 2014. In terms of volume, the global foodservice disposables market accounted for 23,167 million units in 2014 and is projected to increase at a CAGR of 5.8% from 2015 to 2021.
Albany, NY -- (SBWIRE) -- 03/08/2016 -- Foodservice disposables are single-use food containers that are either recycled after use or disposed of as solid waste. The industry is driven by increasing demand for on-the-go food, online ordering, and home delivery services.
This report covers the foodservice disposables market performance in terms of both value and volume over the forecast period (2015-2021). It also provides in-depth insights about key demand-and supply-side drivers as well as restraints and challenges in the market.
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Global foodservice disposables market is segmented as follows:
By raw material
By product type
On the basis of raw material, the market is segmented as follows:
Paper & paperboard
Plastics segment dominates the market and is projected to maintain its dominance through 2021. A major factor for the popularity of plastics is its ability to hold high as well as low-temperature food and beverages without hampering food quality. Since most disposables are used for on-the-go service or home delivery, it is important for the material to be strong enough to hold food for a significant amount of time as well as be lightweight for ease of transportation. Besides plastics, paper & paperboard disposables are becoming increasingly popular as they can be easily recycled.
The market is also segmented on the basis of product type, and the market values and volumes for the forecast period have been discussed in detail.
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The segments by product type are listed below:
Cups and glasses
Trays and containers
Bowls and tubs
Mugs and saucers
Other products (napkins and foil wraps)
By product type, in terms of both value and volume, plates segment is projected to exhibit the highest growth during the forecast period. It accounted for the highest market share in 2014 and is projected to retain its position through 2021. Disposable trays and containers segment is also growing at a significant rate, mainly driven by rising demand for disposable food containers that provide separate compartments. These containers are mainly used for on-the-go food packaging, where food can be conveniently eaten right out of the same package.
The report also analyzes the market on the basis of end use and provides market size in terms of both value and volume for the forecast period.
On the basis of end use, the market is segmented as follows:
Retail and vending machines
Lodging and hospitality
Other end uses
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Restaurants segment accounted for the largest market share in the global market. With increasing working population in urban areas, especially in developing regions, demand for on-the-go food and home delivery from restaurants has increased immensely.
The report also analyzes the market across various geographies and provides market size in terms of value and volume for the forecast period
Regions covered in the report are:
The Middle East & Africa (MEA)
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Asia Pacific dominated the market in 2014 and is expected to register the highest CAGR during the forecast period. The region is expected to be the largest market for foodservice disposables through 2021.
Key players of the foodservice disposables market identified and profiled in the report include Dart Container Corporation, Georgia-Pacific LLC, Anchor Packaging Inc., D&W Fine Pack LLC, Gold Plast SpA, Berry Plastics Group, Inc., DOpla S.p.A, Huhtamäki Oyj, New WinCup Holdings, Inc., and Pactiv LLC.
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