Global Foodservice Disposables Market to Grow 5.4% annually to 2015

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According to the report “World Foodservice Disposables: Forecasts (2015 & 2020) in 18 countries” demand for foodservice disposables is projected to grow 5.4 percent per year to over $53 billion in 2015.

Disposable utensils including cups, dinnerware and utensils will remain the largest product type through the forecast period and beyond. However, the fastest demand growth is expected in the disposable packaging segment, which includes foodservice containers, lids and domes, wraps, bags, and trays. Demand for disposable foodservice packaging will be boosted by advances in the limited service restaurant sector, which relies heavily on single-use packaging. Beyond eating and drinking places, good opportunities for disposables will be found in the retail market, as grocery and convenience stores expand their offerings of prepared foods.

In 2010, single-use serviceware accounted for 54 percent of the global foodservice disposables market. Gains will be supported by above-average growth in quick service restaurant and retail establishment revenues. Other factors providing momentum include the increased focus on gourmet coffee and specialty cold drinks by limited service restaurants and convenience stores. Value advances will also benefit from heightened interest in higher-cost environmentally friendly products, especially in developed regions.

Some of the best opportunities will exist in the disposable packaging segment, boosted by gains in the fast food industry, which uses large quantities of disposables for packaging foods consumed both onsite and off-site. In addition, the popularity of takeout food from full service restaurants will provide a further boost to single-use packaging demand, especially given that these restaurants tend to use higher-value disposable containers designed to maintain food temperature and minimise leakage. Increased catering activity by full service restaurants, and home delivery and takeaway outlets will also necessitate heightened requirements for disposable packaging.

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