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SAN FRANCISCO , March 21, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Food Service Disposables - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE Edition: 18; Released: May 2022 Executive Engagements: 11502 Companies: 133– Players covered include Airlite Plastics Co.; Anchor Packaging Inc.; Biopac India Corporation Ltd.; Carlisle FoodService Products; Cascades Incorporated; D&W Fine Pack LLC; Dart Container Corporation; DOpla S.P.A; Eco-Products, Inc.; Georgia-Pacific LLC; Gold Plast Spa; GreenGood USA ; Huhtamaki Oyj; International Paper; Lollicup USA , Inc.; Packnwood; Pactiv LLC; Sabert; Vegware; WestRock Company; WinCup; WNA, Inc. and Others. Coverage: All major geographies and key segments Segments: Product Type (Plates, Cups & Glasses, Trays & Containers, Bowls & Tubs, Cutlery, Other Product Types); Raw Material (Plastics, Paper & Paperboard, Aluminum); End-Use (Restaurants, Retail Stores, Other End-Uses) Geographies: World; USA ; Canada ; Japan ; China ; Europe ; France ; Germany ; Italy ; UK; Spain ; Russia ; Rest of Europe ; Asia-Pacific ; Australia ; India ; South Korea ; Rest of Asia-Pacific ; Latin America ; Argentina ; Brazil ; Mexico ; Rest of Latin America ; Middle East ; Iran ; Israel ; Saudi Arabia ; UAE; Rest of Middle East ; Africa .

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Global Food Service Disposables Market to Reach $74.8 Billion by 2026 Food service disposables are containers for prepared food products which can be disposed or recycled after use. Some of such disposables include tray papers, bowls, glasses, plates, wraps, napkins, and spoons. These products provide ease of packaging as well as convenience for customers along with cleanliness and hygiene. Increasing demand for ready to eat (RTD) and on-the-go foods; growing online delivery services offered by coffee shops, retail outlets, and restaurants; busy lifestyles of customers, increasing urbanization, and growing participation of women in workforce have been contributing to the steady rise in demand for disposable products for food items. The growing emergence of QSR (quick service restaurants) has also spurred growth in the market. Paper and paperboard, aluminum, or plastic are the key raw materials generally employed in the production of food service disposables, with plastic being the most widely used material. Demand for plastic-based food disposables is expected to remain high on account of their light weight and capability to hold hot food and beverages.

Amid the COVID-19 crisis, the global market for Food Service Disposables estimated at US$58.4 Billion in the year 2022, is projected to reach a revised size of US$74.8 Billion by 2026, growing at a CAGR of 5.7% over the analysis period. Plates, one of the segments analyzed in the report, is projected to record a 6.9% CAGR and reach US$27.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cups & Glasses segment is readjusted to a revised 5.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $15.5 Billion in 2022, While China is Forecast to Reach $13.3 Billion by 2026 The Food Service Disposables market in the U.S. is estimated at US$15.5 Billion in the year 2022. China , the world`s second largest economy, is forecast to reach a projected market size of US$13.3 Billion by the year 2026 trailing a CAGR of 7.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 4.1% and 5.5% respectively over the analysis period. Within Europe , Germany is forecast to grow at approximately 4% CAGR. Growing demand for fast food especially in the US and Canada has been a major driving factor for the food service disposables in the region. The rising adoption of double walled embossed cups, introduction of products with innovative features and designs, and increase in online food ordering are the main factors driving growth in the region, especially in the US. Growth in Europe is mainly being driven by the increasing interest of customers in fast casual dining. Adoption of wood, paper, and aluminum food disposables is rising on account of government regulations regarding the usage of plastic and concerns about the environment. Growing number of restaurants, rising interest in fast food, street food and takeaways, increasing online food ordering, and growing number of retail food chains drives strong growth in the Asia-Pacific region.

Trays & Containers Segment to Reach $10.6 Billion by 2026 Food Service Trays are meant for carrying, displaying, or for holding articles. Disposable food service trays are lightweight and inexpensive serving trays. Trays and hinged containers are increasingly being produced using renewable resources. Paper and paperboard boxes, plastic clamshells, and cartons among various others constitute the containers segment. In the global Trays & Containers segment, USA , Canada , Japan , China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.4 Billion will reach a projected size of US$8.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia , India , and South Korea , the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2026, while Latin America will expand at a 4.7% CAGR through the analysis period. 

Innovative Designs, Customizations and Eco-Friendly Materials Make Big Gains Innovations are a means to develop alternative to plastic that are also sustainable for use in food serveware. Generally, plastic products are widely used as to-go cups and containers due their performance features such as see through clarity and leak resistant sealing, making them indispensable for the food service industry. Replacing plastics in several foodservice applications is often difficult and there is high threat of performance being compromised. These drawbacks have however not deterred innovations as witnessed through the development of fiber and paper-based products that are especially being used in sippable lids and clamshells. The design of food service disposable products is critical for maintaining the food's texture and temperature. A product that is correctly designed also limits spillage or leakage of food. Customers also seek products that prevent grease and oil leakage in takeaway packaging. Food service providers seek customization solutions in accordance with their food and beverage products, which will enable them to create awareness of their brand. Producers are also focusing on addressing any issues associated with the features and designs of their products. A case in point is Dart Container, which re-introduced its Anthora single-sided poly paper hit cups. These cups have a PE lining, which helps prevent the formation of moisture outside or inside the cup and also any possible leakage. While the use of disposable food containers offers convenience, the adverse impact on health due to chemicals is a major challenge. The styrene and formaldehyde present in disposable containers are considered to have a carcinogenic effect, which can cause cancer. Such health concerns and strict government regulations are therefore expected to challenge the market. However, these factors are driving the emergence of natural, eco-friendly and sustainable solutions. There also exists the need for sustainable products, given the significant quantum of waste generated by the hospitality sector including restaurants. In line with this requirement, renowned market players are concentrating focus on creating such products. Case in point is Your Green 2 Go which provides a range of bowls and plates that are made from 100% unbleached and natural plant material. Further, Green Wave International provides eco-friendly tableware, which is made using natural fibers such as grass, sugarcane, and reed plasma. More

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About Global Industry Analysts, Inc. & StrategyR™ Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world's only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS: Zak Ali Director, Corporate Communications Global Industry Analysts, Inc. Phone: 1-408-528-9966 www.StrategyR.com  Email: [email protected]  

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