Foodservice Disposable Market Report

The demand for the food service disposable market is predicted to rise due to the growth in the number of delivery platforms. The dependency of customers on online delivery platforms has risen due to ease of ordering. The delivery platform either provides ready-to-eat food or items required for preparing specific food. According to the National Library of Medicine, the global market for online food delivery has shown phenomenal growth since 2020. As per the data, the market for online food delivery in 2022 was US$ 115.07 billion and is expected to reach the target of US$ 223.7 billion in 2025. Thus, the growth in the online food delivery sector will boost the demand for the food service disposable market. Also, the rising market for the restaurant sector has created a major impact on the food service disposable market. According to the National Restaurant Association, the global number of restaurant industry sales has risen from US$ 966 billion in 2022 to US$ 1.05 trillion in 2023. Due to the rising number of restaurants, the customer will have more options, as well as it will drive the demand for more online food delivery platforms, which will indirectly boost the demand for the foodservice disposable market.

The increasing concern regarding plastic-based products has also resulted in a positive way with the invention and wide usage of recyclable plastic for making plastic-based food service disposable. This opportunity has been explored by various manufacturers, as many of them have started to recycle the foodservice made of plastic along with the production of the foodservice disposable. Going further, various manufacturers have started using plant fiber and pulp for producing disposable products, which has directly resulted in the rise of the sale of biodegradable food service disposables. Some manufacturers have developed cutting-edge technology where the goods they manufacture are 100% biodegradable, waste-free, and have less impact on the environment.  Due to its 100% biodegradable and recyclable nature, dry leaves have become popular and have been accepted by the world. Also, major manufacturers have developed various alternatives that are completely biodegradable and require a small amount of water to manufacture. Various manufacturers are looking at wheat trays, spoons, glasses, and cups as a lucrative opportunity to grow in the food service disposable market.

• Contactless dining boosts demand for single-use packaging, emphasizing convenience in food service operations.
• Use of UV-cured ink for providing customized packages with customized prints on them.
• Integration of technological inventions such as smart packaging transforms supply chain efficiency and consumer trust.

The food service disposables business faces a major challenge in price sensitivity or not a cost-efficient option. People heisted to pay more for disposable goods in areas where cost is a top priority for consumers. Despite having various advantages, price sensitivity restricts the market potential. Furthermore, consumers with less income can prefer inferior disposable alternatives that are less expensive. Thus, the food service disposable market is majorly affected due to the price sensitivity of the product. The next challenge that is faced by various manufacturers is the government regulation regarding the ban on single-use plastic. Countries like India, the US, the UK, and France have formed a strict policy regarding the use of single-use plastic, which has affected the demand for various products and forced the manufacturers to shift to alternatives where a huge investment has gone bad. The effect of this ban was also seen in various other sectors, such as e-commerce, FMCG companies, and food delivery firms. Hence the ban on single-use plastic has affected the market for the foodservice disposable market.

In December 2023, BradyIFS + Envoy Solutions, a distributor of JanSan food service and packaging supplies, acquired PFS Sales Company. The deal marked an important acquisition in the wholesale distribution industry. The latter distributed food service disposables and cleaning supplies, and the deal was likely to strengthen the former's presence in the Carolinas and the Southeast. In August 2023, Colliers International, a South Carolina commercial real estate firm, leased 55,000 square feet of warehouse space to Elara Foodservice Disposables. This indicated that Elara Foodservice Disposables was expanding its operations in South Carolina, likely to store and distribute food service disposables.

The United States can be a promising market, as according to the data of the World Population Review, the United States has the highest number of fast food consumers. Also, according to the data, 37% of citizens consume fast food on a daily basis and 83% consume fast food on a weekly basis. The average individual has fast food 1-3 times per week, which makes the United States a potential market. Asia Pacific can be a major contributor to the growth of the food service disposable market as the food industry and catering industry in China, India, and Japan continue to grow. China and India are considered the largest contributors and have numerous fast-food chains. In India, according to the Ministry of External Affairs, India’s market for fast food is approximately US$ 13 billion and is growing 25-30 percent a year. Also, the market for online food delivery systems is boosting the growth of the food service disposable market.

The food service disposable market experienced a fall in Europe due to the high awareness regarding sustainable and biodegradable products and strict policies regarding the use of single-use plastic. Europe has given preference and has been forced to integrate the option of eco-friendly packaging solutions to protect the environment, which slows down the growth of food service disposables in the European market as it has banned single-use plastic. Thus, the growth of the foodservice disposable market will be slow, and is expected to prefer a paper-based packaging solution.

The report provides a detailed overview of the foodservice disposable market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the service disposable market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the foodservice disposable market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which is anticipated to have a substantial impact on the growth of the food service disposable market. Some key countries and regions included in the food service disposable market report are as follows:

• Foodservice disposable market detailed segments and segment-wise market breakdown
• Foodservice disposable market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in foodservice disposable industry)
• Current, historical, and forthcoming 10 years market valuation in terms of foodservice disposable market size (US$ Mn), volume (Units), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Foodservice disposable market demand analysis
• Foodservice disposable market pricing analysis over the forecast period (by key segment and by region)
• Foodservice disposable market regional insights with the region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in the food service disposable market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the service disposable market
• Foodservice disposable market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on the food service disposable market forecast by countries
• Mergers and acquisitions in the food service disposable market
• Essential information to enhance market position
• Robust research methodology