The disposable food containers market is expected to accelerate with a CAGR of 4.0% to 4.5% in the global market. Asia Pacific region is projected to hold more than 35% of the total market by the end of the forecast period. Increasing convenience for customers and the growing food service industry are primary drivers for the market growth.
Disposable Food Containers: Market Outlook
Disposable food containers have been overshadowing traditional stainless steel and glass food containers for more than a decade now. The attributes like easy availability, single-usage hygiene factor, low cost and handy packaging outlook could be termed as few reasons behind the market penetration of the product.
Disposable food containers are useful to prevent contaminable foodborne diseases, which is the primary reason for its adoption by customers and manufacturers.
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What are the Key Trends in the Disposable Food Containers Market?
The U.S. National Restaurant Association has projected US$ 1.2 trillion revenue for the restaurant industry in the United States by 2030. Customer demands, high-quality food services and increasing restaurant models are expected to fuel the market demand.
Cloud kitchens and virtual restaurants are food places that exist online or via mobile applications. A surge of online restaurants was observed due to pandemic situations. The food service industry is facing a revolution due to the entry of new business models entering the market space. Foodservice market is one of the largest global markets both in terms of value and volume.
Full-service restaurants, takeaway chains and food delivery sectors have observed an optimistic change in recent years. This has not only reflected a positive impact on disposable food containers but also helped manufacturers to provide a variety in shape, size, and material offered.
What will be the Factors Responsible for Market Growth Disruption of Disposable Food Containers?
Global sustainable development depends on the usage of a better quality of packaging, less wastage and low energy consumption for the production of goods. Governments of various nations are enforcing these sustainability goals and ensuring a circular economy is maintained.
Plastic ban, adoption of bio-degradable material for packaging and restricting usage of single-use products are some solutions that are expected to hinder the market growth of disposable food containers.
According to National Conference of State Legislatures, Idaho, North Dakota, Oklahoma and Tennessee are few of the US states that have legally prohibited the usage of auxiliary plastic food containers in the country.
An interview by Jenni Doering explained that Chinese government is promoting the biodegradable plastic bags and containers in the country while announcing a ban on single-use plastics in March 2020.
Competitive Landscape
- Huhtamäki Oyj
- GenPak LLC
- Berry Global Inc.
- Lacerta Group
- LLC
- Pactiv LLC
- Solia
- Sabert Corporation
- Lindar Corporation
- Placon
- Veritiv Corporation
- WestRock Company
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are few global players offering disposable food containers in the market.
- Tianjin Yihsin Packing Plastic
- Zhejiang Great Southeast Packaging Co.Ltd.
- Taizhou Fenghua Packaging Container Co.Ltd.
- TN Food Container Manufacturers
- Damati Plastics
- Prithvi Polymers Industries Pvt. Ltd.
- Ace Packs
- Chuo Kagaku Co.Ltd.
- Hirokawa Co.Ltd.
- FP Corporation
What are the Key Opportunities in Disposable Food Containers Market?
Biodegradability and recyclability are playing a vital role in changing the dynamics of the market. Environmental-friendly innovations are the key to success in the disposable food containers market. Changing consumer consumption patterns and increasing the foodservice industry are the key drivers that will act as a catalyst in the market growth.
According to World Health Organization, global per capita food consumption is projected to be 3050 kcal per day by 2030, which 3.7% more than the consumption in 2015. This not only projects market growth but also projects act an opportunity for investors and manufacturers.
Why is the United States considered to be a Colossal Market for Disposable Food Containers?
The United States is not only a home ground for many multi-dollar restaurant businesses but also a hub for packaging manufacturing. With the presence of key players and massive consumption, it acts as a colossal market for disposable food containers.
According to National Restaurant Association, the U.S. restaurant industry stood at sales revenue of US$ 659 billion in 2020 with 8 out of 10 restaurant owners starting business careers at entry-level positions.
How has Pandemic affected the Growth of Disposable Food Containers Market?
Pandemic is responsible for shut-downs and closing of restaurants and eateries, however, online food businesses, virtual kitchens and food delivery applications have maintained the market growth for disposable food containers. Online foodservice businesses observed a sudden rise in their businesses due to the repercussions of the pandemic that proved to be a boon for disposable food containers across the globe.
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Key Segments of Disposable Food Containers Covered in the Report
On the Basis of Material Type:
- Plastic
- PP (Polypropylene)
- PS (Polystyrene)
- PET (Polyethylene Terephthalate)
- Paper and Paperboard
- Aluminium
- Others (Bagasse, Starch-based)
On the Basis of Application:
- Fresh food
- Food take-away
- Others (food storage)
On the Basis of End-Use:
- Restaurants and eateries
- Take-away and online delivery
- Catering services
- Others
On the Basis of Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
Related Links –
https://amanroad.com/blogs/44237/Heat-Transfer-Films-Market-Size-Top-Key-Players-Latest-Trends
https://addandclick.com/read-blog/91019
https://liberiansocialnews.com/forums/user/messages/
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