The global foodservice disposables market is experiencing rapid growth....
Today’s post is written by Ivy Ray, Senior Procurement Specialist at SafeSourcing Inc.
The global foodservice disposables market is experiencing rapid growth, linked to growing online food ordering and home delivery services, according to a report by Persistence Market Research.
North America dominated the global food service disposable industry with 21.4 billion in revenue in 2015. The food service disposable market in North America is anticipated to reach 27.50 billion in 2021. This is largely due to increasing population, expanding commercial markets, and the convenience of single-use service ware. Busy lifestyles and low consumer preference towards cooking at home also acts as a major driver for the foodservice disposables market.
An increasing number of food and coffee joints for hanging out are another predominant factor driving growth of foodservice disposables market. The increased focus on gourmet coffee and specialty cold drinks by restaurants and convenience stores has heightened interest in higher-cost environmentally friendly products. In an effort to mineralize wastage, multiple shops have started offering reusable cups and plates. With foodservice business experiencing impressive growth, the increase of foodservice disposables market has become unstoppable and is not likely to slow down anytime soon.
Plastics are the most widely used raw material for the manufacture of disposable foodservice products. When compared to paper, paperboard, and aluminum, plastic is expected to evolve as the preferred raw material in the foodservice disposables industry. With the recent push for eco-friendly products, manufacturers are emphasizing the use of recyclable plastics. Due to this sustainability trend, several vendors are slowly moving toward the use of compostable and eco-friendly raw materials to manufacture foodservice disposables. Although, governments across various nations are executing various regulations on the use of plastic, popularity of plastic is not likely to come down drastically, as it has widespread acceptance.
Disposable service ware, including single-use cups, dinnerware and utensils, will remain the largest product type through the year 2021 and beyond. However, the fastest demand growth is expected in the disposable packaging segment, which includes foodservice containers, lids and domes, wraps, bags, and trays.
The food packaging industry has become extremely competitive and manufacturing companies are continually improving their products and availability of efficient and sustainable products. Let SafeSourcing source your foodservice products!
For more information on how SafeSourcing can assist you in exploring your procurement solutions for your business or on our “Risk Free” trial program, please contact a SafeSourcing Customer Service Representative. We have an entire customer services team waiting to assist you today.
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