“Food Service Disposable Market: Global Demand Analysis & Opportunity Outlook 2021”
The global food service disposable market is segmented into raw materials such as paper & paper boards, plastics, aluminum and straws & stirrers. Among these segments, plastics segment is expected to occupy top position in overall food service disposable market during the forecast period. Growing number of restaurants across the globe are expected to drive the growth of the plastic food service disposable market. Moreover, wide range and availability of cheap plastic food storage containers is expected to trigger the growth of the plastic food service disposable market over the review period.
Global food service disposable market is expected to flourish at a significant CAGR during the forecast period. Changing lifestyle of the population, rising concern about hygiene, increasing disposable income and growing consumer expenditure on food are predicted to trigger the growth of the food service disposable market. Further, the emerging trend of online food sales service is expected to strengthen the market of the global food service disposable market. Moreover, the global food service disposable market is expected to garner noteworthy revenue by the end of 2021.
North America dominated the overall food service disposable market in 2015. Fast paced lifestyle, high disposable income and high spending on away from home foods are believed to drive the growth of food service disposable market in North America. Asia Pacific accounted for second position in food service disposable market. Moreover, Asia Pacific is anticipated to witness highest growth during the forecast period. Factors such as rapid urbanization and changing consumer lifestyle are expected to intensify the growth of the food service disposable market.
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Growth in Food Industry
Continuous sales growth of food industry is substantially increasing the demand for food service disposables. Moreover, rising demand for home delivery and growth in online food orders are expected to swell the demand for food service disposable market.
Technological Enhancements and Developments
Advances in food service disposable technology and its benefits such as light weight, microwave safe and recyclable are envisioned to bolster the food service disposable market. Moreover, green food service disposable products are witnessing high demand in developed countries owing to the environmental norms. These factors are propelling the growth of the food service disposable market. Although, volatility in the cost of raw materials and stringent environmental regulations are some of the factors is likely to hamper the growth of Food Service Disposable Market during the forecast period.
The report titled “Food Service Disposable Market: Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global food service disposable market in terms of market segmentation by raw material, by products, by end users and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global food service disposable market which includes company profiling of New Wincup Holdings Inc., Pactiv LLC, Anchor Packaging Inc., Dart Container Corporation, Gold Plast SPA, Georgia Pacific LLC., D&W Fine Pack, MDS Associates, Inc., Biopac India Corporation Ltd., H.T. Berry Company, Inc. and Sysco Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Global food service disposable market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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