Foodservice disposables are the food packaging products that are used to package the food. The global foodservice disposables market was estimated to account for around $23.0 Billion in terms of revenue in 2018 and is predicted to grow at a CAGR of 5.2% during the forecast period (2019 to 2027).
These products include bowls, plastic cups, lids containers, and trays which are basically used to serve the food and beverage.
Food disposables products are gaining huge demand due to expanding online delivery services via mobile apps and other online platforms.
These packaging products are used to maintain hygiene and prevent contamination.
Restaurants, retail and vending machines, institutions, and lodging and hospitality are some of the major end-user of foodservice.
Such food containers make life easy with minimal maintenance by reducing dishwashing activities.
Growing concern for convenience and hygiene among consumers is expected to foster the market growth of foodservice.
Most of the foodservice disposables products are single-use and recyclable because these products are mainly manufactured from plastic and foam, which reduce food contamination and also maintain food hygiene.
The aforementioned properties of foodservice disposable are increasing adoption of foodservice disposables by foodservice providers.
Increasing initiatives by major players for sustainable food packaging solutions is expected to offer immense growth opportunities to the market growth of foodservice disposable.
For instance, in August 2018, US-based foodservice company Aramark is set to implement changes from next month to significantly reduce single-use disposable plastics by 2022.
The company is planning to launch this initiative as part of its commitment to cut down plastic waste across its worldwide operations in 19 countries, including the UK and Ireland.
As a part of initiative for single-use disposable plastics reduction, the foodservice firm has already removed 410,000 straws from its UK locations and is currently in the process of removing 418,000 straws from client locations in Ireland by December.
Novel Products are Yet to Reach ‘Economies of Scale’ Brackets is a major factor expected to restrict the market growth of foodservice disposable.
Despite the appealing design, and functional properties and consumer inclination towards novel products are low as compared to conventional foodservice disposables.
Therefore, the Emergence of novel products that are yet to reach economies of scale in the market is expected to affects the profitability of regional players.
This is in turn, impacting the market growth of foodservice disposable.
On the basis of product type, plates dominated the global foodservice disposables market in 2018 with a 32% of market share in terms of revenue, followed trays & containers and cups & glasses conductive, respectively
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The growing focus of manufacturers to raise the investment in order to increase production capacity to meet the rising demand for foodservice products is anticipated to augment the market growth.
For instance, in November 2015 food and drink packaging manufacturer, Huhtamaki, has announced plans to significantly increase its production capacity at its foodservice site in Gosport in response to an ever-growing ‘café culture’ and more and more people eating out or ‘on the go’, operators are recognizing the importance of attractive, high-quality disposable cups and containers.
The increasing interest of manufacturers to open a manufacturing facility in order to expand their presence and meet the rising demand for foodservice disposables.
For instance, in July 2017, Lollicup USA, a disposable foodservice packaging products producer, has announced to open a new manufacturing facility in Rockwall, Texas, US.
The facility is being built with an investment of $50 Million, the new facility will produce paper and plastic cups, as well as other food containers.
It will enable the company to meet the needs of regional customers and increase production capacity.
Key players active in the global foodservice disposables are Dart Container Corporation, Georgia-Pacific LLC, Anchor Packaging Inc., D&W Fine Pack LLC, Gold Plast SpA, Berry Plastics Group, Inc., DOpla S.p.A., Huhtamäki Oyj, New WinCup Holdings, Inc., andPactiv LLC
Few Recent Developments
Gold Plast SpA
- In August 2015, Gold Plast acquired the QUATTROGRADI business division of RDS Moulding. This QUATTROGRADI technology includes patented innovations and is used to produce high-quality plastic disposables.
- In 2015, the company announced plans to expand its foodservice packaging production unit located in Gosport, U.K. This expansion included investment in machinery and paper cup forming machines.