Foodservice Disposables Market Outlook and Growth Stance Forecasted Through 2021

Albany, USA, 2019-Jul-16 — /EPR Network/ —Market Research Reports Search Engine (MRRSE) has recently updated its massive research catalog by adding a new study, titled “Foodservice Disposables”. The study offers a clear insight about the prevailing trends and innovations happening in the Foodservice Disposables Market. Readers can further access details about research highlights and executive summary to gain a better idea about this assessment. The market overview covers key industry developments and market opportunity map during the mentioned forecast period. In addition, a holistic view of the entire global market scenario across all the prime regional segments, such as (Regions) has been delivered.

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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.

Global foodservice disposables market is segmented as follows:

• By raw material
• By product type
• By end-use
• By region

On the basis of raw material, the market is segmented as follows:

• Paper & paperboard
• Plastics
• Aluminum

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.

The segments by product type are listed below:

• Plates
• Cups and glasses
• Trays and containers
• Cutlery
• 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.

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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:

• Restaurants
• Retail and vending machines
• Institutions
• Lodging and hospitality
• Other end uses

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:

• North America
• Asia Pacific
• Europe
• The Middle East & Africa (MEA)
• Latin America

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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