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Food Service Disposable Market To Grow $87.6 Billion By 2025 | Adoption of Food Service Disposables is Increasing on Online Delivery By Mobile Apps & Other Online Platforms: Grand View Research, Inc.

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Food Service Disposable Market To Grow $87.6 Billion By 2025 | Adoption of Food Service Disposables is Increasing on Online Delivery By Mobile Apps & Other Online Platforms: Grand View Research, Inc.

March 23
11:10 2020
Food Service Disposable Market To Grow $87.6 Billion By 2025 | Adoption of Food Service Disposables is Increasing on Online Delivery By Mobile Apps & Other Online Platforms: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a new report by Grand View Research, Inc. The global food service disposables market size was valued at USD 56.5 billion in 2018. Shifting trend towards consumption of ready to eat food is fuelling the growth of the market. Growing importance of various factors such as convenience, timeliness, and variety in respect of food items among consumers poses great potential for food disposables in the market.

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.

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U.S. food service disposable Market

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.

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.

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Global food service disposable Market

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 complete Food Service Disposable Market Report By Grand View research, Inc.

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

    •  U.S.

  • Europe

    • U.K

    •  Germany

  • Asia Pacific

    • India

    •  China

  • Central & South America

    • Brazil

  • Middle East & Africa 

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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