The global disposable food containers market is anticipated to grow faster, with a CAGR of 4.9%. By the conclusion of the forecast period, the Asia Pacific region is expected to account for more than 35% of the entire market. The market is expanding primarily due to rising consumer convenience and the expanding food service sector.
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.
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Disposable food containers are useful to prevent contaminable foodborne diseases, which is the primary reason for its adoption by customers and manufacturers.
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.
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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.
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Competitive Landscape
- Huhtamäki Oyj
- GenPak LLC
- Berry Global Inc.
- Lacerta Group
- LLC
- Pactiv LLC
- Solia
- Sabert Corporation
- Lindar Corporation
- Placon
- Veritiv Corporation
- WestRock Company
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)
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