The disposable food containers market is expected to undergo rapid growth, with a projected Compound Annual Growth Rate (CAGR) of 4.9%. The Asia Pacific region is anticipated to hold over 35% of the market share by the end of the forecast period. This growth is primarily fueled by the rising consumer demand for convenience and the expansion of the food service industry.
Several key trends are driving the disposable food containers market:
- Increasing Market Demand: The restaurant industry in the United States is predicted to generate $1.2 trillion in revenue by 2030, driven by consumer demand for high-quality food services and the emergence of new restaurant models. These factors are expected to boost the demand for disposable food containers.
- Rise of Cloud Kitchens and Virtual Restaurants: Cloud kitchens and virtual restaurants, which exclusively operate through online platforms, have gained significant popularity, especially during the pandemic. These innovative business models heavily rely on disposable food containers for convenient packaging solutions for delivery and takeaway orders.
- Expansion of the Foodservice Market: The foodservice market has seen substantial global growth in terms of both value and volume. Full-service restaurants, takeaway chains, and food delivery sectors have witnessed significant expansion. This not only benefits the disposable food containers market but also prompts manufacturers to offer a wide range of options in terms of shape, size, and material to cater to the diverse needs of the foodservice industry.
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Key Takeaways:
- The disposable food containers market is expected to grow at a CAGR of 4.9% due to increased consumer convenience and the expanding food service industry.
- The Asia Pacific region is anticipated to hold more than 35% of the market by the end of the projected period.
- The United States’ restaurant industry is projected to generate $1.2 trillion in revenue by 2030, driving the demand for disposable food containers.
- Cloud kitchens and virtual restaurants, which operate primarily through online platforms, have gained popularity and positively impacted the market.
- The foodservice market, encompassing full-service restaurants, takeaway chains, and food delivery sectors, has experienced significant growth, contributing to the demand for disposable food containers
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.
Market Benefits
- The study provides an in-depth analysis of the global disposable food containers market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
- The report presents a quantitative analysis of the market from 2022 to 2032 to enable stakeholders to capitalize on the prevailing market opportunities.
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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
USA and Germany Lead the Way in Disposable Food Containers Market:
In the USA, stringent regulations pertaining to plastic usage have played a crucial role in encouraging the adoption of disposable food containers. The regulations set by the USA Food & Drug Administration have restricted the use of harmful food packaging materials and promoted the use of specific types of plastics for food-contact applications. As a result, the disposable food containers market in the USA is projected to reach US$ 4.5 billion in 2022, driven by increasing demand, eco-friendly alternatives, research and development investments, and the presence of leading packaging companies.
In Germany, the growing adoption of paper-based disposable food containers to curb plastic pollution has fueled demand. The European Union’s Single-use Plastics Directive has mandated member countries, including Germany, to report annual data on single-use plastic products used in packaging, thereby reducing their consumption. This regulation has created a profitable growth opportunity for packaging manufacturers offering paper-based disposable food containers in Germany. The German market is projected to create a lucrative opportunity of US$ 487 million between 2022 and 2032. Moreover, the environmentally-conscious consumer base in Germany and the efforts of packaging businesses to develop sustainable alternatives have further contributed to the growth of the disposable food containers market in the country
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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)
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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