Global Foodservice Disposables Market 2016-2020
Market outlook of the global foodservice disposables market
Technavio’s market research analyst estimates the global foodservice disposables market to grow steadily at a CAGR of over 7% by 2020. Much of this market’s growth can be attributed to the augmented demand for disposables from the delivery takeaway restaurants. Due to rapid urbanization, customers have little time to prepare food products and, therefore, prefer ready-to-eat food products. This growing preference for ready-to-eat food is anticipated to result in market growth during the forecast period.
In this market research, analysts estimate eminent factors, such as the augmented need for consumer convenience, to drive market growth during the predicted period. In recent times, it has been observed that many foodservice companies are focusing on new methods to serve food to appease their customers. This change in the method of serving food products is envisaged to impel market growth during the forecast period.
Segmentation by type of materials used and analysis of the foodservice disposables market
In terms of revenue generated, the plastic-based foodservice segment is envisaged to account for more than 69% of the overall market share by 2020. Recent innovations, such as hot filling of products in PET boxes, trays, and bottles, and aseptic cold filling in PET and HDPE boxes, trays, and bottles, are anticipated to bolster growth in this segment during the predicted period.
Geographical segmentation of the foodservice disposables market
- North America
- Western Europe
The foodservice disposables market in North America is predicted to grow at a steady rate and is witnessing a huge demand for disposables from the growing restaurant segment. The market in this region is also anticipated to witness growth due to the changing lifestyle of consumers and the maturity of the food retail industry.
Competitive landscape and key vendors
The global market for foodservice disposables is extremely fragmented due to the presence of many small and large vendors. The vendors in this market compete on the basis of price, quality, innovation, service, reputation, distribution, and promotion to gain prominence in the market. Companies that have access to large financial resources are anticipated to grow faster during the forecast period.
The key vendors are -
Some of the other prominent vendors in the market include Bawoo Print & Paper Cups, Benders, Berry Plastics, BioPac, BioPak, Clondalkin Group, Consolidated Container, Constantia Flexibles, Detmold Group, Magnum Packaging, Plastipak Industries, Sonoco Products, VaioPak, Wipak Group, and Zichen.
Key questions answered in the report
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global foodservice disposables market?
- What are the key market trends impacting the growth of the global foodservice disposables market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global foodservice disposables market?
- Trending factors influencing the market shares of the North America, ROW, Western Europe, and APAC.
- What are the key outcomes of the five forces analysis of the global foodservice disposables market?
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