Global Food Service Disposable Market Outlook 2028

Global Foodservice Disposable Market Analysis 2019-2028
Foodservice disposables include napkins, cutlery sets, plates, cups, glass and other recyclable substances essentially used for dining at various places. In 2019, the global foodservice disposable market accounted for around USD 59,000 million and is estimated to rise up to around USD 88,000 million by 2028 by growing at a CAGR of 6.84% during the forecast period, i.e., 2020-2028. The rise in employment rate and increasing urbanization has been a key factor for the growth of the foodservice disposable market. Rising technological advancements and artificial intelligence such as innovating online platform for food, booking tables at restaurant and other such activities have also been a major contributor to the growth of the market. Moreover, the rising population rate and gradual shifting of preference of people towards ready to eat food has uplifted the demand for foodservice disposables in the market.
The foodservice disposables market is segmented by application, raw material, products, restaurant type, distribution channel and by region. The application segment is further divided into retail outlets, restaurants, lodging & hospitality, institutional, sports & recreation and others. Among these segments, the restaurant segment held the highest market share of around 50% in the year 2019. The growing travel and tourism industry have boosted the hospitality and lodging sector's growth, which has further increased the foodservice disposable market over the years. The increasing trend for traveling among the millennial population, based on growing development in the tourism industry, has a propelling demand for foodservice disposable products to provide their customers with thoroughly sanitized and clean food. The developments in the private and government institutions on account of increasing hygiene measures in the food services have created a great opportunity for the growth of foodservice disposables in the institutional sector.
Based on region, the global foodservice disposable market is segmented into five major regions including North America, Latin America, Europe, Asia Pacific, Middle East and Africa. The market in North America recorded a significant share of around 40% in the year 2019. The United States holds a significant share in the North America foodservice disposable market on account of increasing penetration of global and regional market players. The rising demand for foodservice disposables in the United States has boosted the leading players' market development to develop new advanced products. The presence of government organizations and environmental protection agencies in the region has created major opportunities for the growth of the foodservice disposable market owing to the growing implementation of regulations and guidelines related to sustainable developments.
However, regulations by the government in many countries for using green and sustainable products for food packaging and high production cost of using biodegradable materials are estimated to act as barriers to the growth of the global foodservice disposables market during the forecast period.
Some of the prosperous industry key players in the global foodservice disposables market are Anchor Packaging, LLC, Dart Container Corporation, Georgia-Pacific, MDS Associates Inc., D&W Fine Pack, H.T. Berry Company, Inc., Biopac India Corporation Ltd., Sysco Corporation, Gold Plast SPA and WinCup.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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