Food Service Disposable Market In-Depth Research On Basis Of Raw Material, Application, Region And Forecast To 2025

27/dic/2019 11:00:33 Grand View Research Contatta l'autore

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 San Francisco, 27 December 2019: The Report Food Service Disposables Market Size, Share & Trends Analysis Report By Raw Material (Plastic, Paper & Paperboard), By Application (Restaurants & Hotels, Retail Outlets), By Region, And Segment Forecasts, 2019 – 2025

The global food service disposables market size is expected to reach USD 87.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.5% over the forecast period. Increase in the number ofquick service restaurants (QSR) as well as expansion of online food services on a global level are expected to remain favorable for the market growth.

Rising popularity of online ordering on account of expanding e-commerce platform and heavy discounts by retail outlets on food items have engaged consumers, thereby benefiting the market expansion. Moreover, fast paced lifestyle of the consumers and rising urbanization trends are witnessing increased demand for disposal products regarding food items. Increasing consumer awareness regarding hygiene as well as lightweight food packaging acts as a prominent factor driving the market.

Due to devastating ecological effects of plastics, there is a shift in trend towards the usage of eco-friendly disposables. Emergence of reusable dishes in the past were considered an ideal option. Introduction of new disposables with improved performance and sustainability with the help of breakthrough technologies is on the rise. For instance, WinCup Holdings, Inc. introduced Vio biodegradable foam cups that are manufactured with 50% less energy as well as 20% less water as compared to the average polyethylene-coated paperboard cup. Moreover, the company claims to use Vio cups in coordination with lids and straws, which results in water and energy usage in home kitchen.

Paper and paperboard that are used as raw materials in manufacturing disposables witnessed significant growth in the market on account of its biodegradable as well as enduring properties. Rising adoption of going-green solutions have surged the market growth for food boxes manufactured from fiber and paperboard. Key manufacturers include Wincup Holdings Inc.; Gold Plast Spa; MDS Associates, Inc.; Biopac India Corporation Ltd.; and H.T. Berry Company, Inc.

Key industry players are involved in new product development and launches as consumers focus on the raw material aspect of food disposable products. For instance, in October 2018, Biopak signs a landmark partnership with DUNI AB to create awareness of the devastating effects of plastic on environment, thereby influencing behavioral change. The company is focusing on the manufacturing of products from renewable and plant based raw materials. In September 2018, WinCup Holdings Inc. introduced biodegradable straws to replace traditional plastic straws.

Access Research Report of Food Service Disposable Market https://www.grandviewresearch.com/industry-analysis/food-service-disposables-market

Further key findings from the study suggest:

  • By raw material, paper and paperboard is projected to ascend at a CAGR of 7.0% from 2019 to 2025
  • The restaurants and hotel application segment dominated the global food service disposable market with an overall revenue share of 80.6% in 2018
  • North America dominated the global market in 2018 and accounted for 42.4% share of the overall revenue
  • The industry is highly competitive in nature due to the presence of main players including Wincup Holdings Inc.; Gold Plast Spa; MDS Associates, Inc.; Biopac India Corporation Ltd.; and H.T. Berry Company, Inc.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/homecare-and-decor

Grand View Research has segmented the global food service disposable market on the basis of raw material, application, and region:

Food Service DisposableRaw Material Outlook (Revenue, USD Million, 2015 - 2025)

  • Plastic
  • Paper & Paperboard
  • Aluminum

Food Service DisposableApplication Outlook (Revenue, USD Million, 2015 - 2025)

  • Restaurants & Hotels
  • Retail Outlets
  • Institutions
  • Others

Food Service DisposableRegional Outlook (Revenue, USD Million, 2015 - 2025)

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

Access Press Release of Food Service Disposable Market https://www.grandviewresearch.com/press-release/global-food-service-disposable-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

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