Additional InformationPRESS RELEASE
Global Demand for Foodservice Disposables to Exceed $53 Billion in 2015
World demand for foodservice disposables is forecast to grow 5.4 percent per year to $53.3 billion in 2015. Advances will be driven by gains in the foodservice industry, which will accelerate from the rates seen over the 2000-2010 period due to improvements in global economic conditions, increasingly fast-paced lifestyles, urbanization trends and growth in away-from-home food spending. However, great disparity in per capita foodservice expenditures will remain among the various regions, which will affect demand for disposables used in restaurants and other foodservice establishments. These and other trends are presented in World Foodservice Disposables, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
Disposable serviceware -- including single-use cups, dinnerware and utensils -- will remain the largest product type through the forecast period and beyond. 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 fueled by rapid global expansion 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. 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 on-site and off-site.
The Asia/Pacific region will see above-average gains in foodservice disposables demand, fueled by advances in the limited service restaurant sector. Between 2010 and 2015, China alone will account for 28 percent of global foodservice disposables market value gains and will surpass Japan to become the second largest market worldwide. Central and South America, Eastern Europe, and the Africa/Mideast region will also experience above-average advances, though growth in these areas will stem from smaller bases. Advances will be below average in North America and Western Europe, where markets are more mature and somewhat saturated. Nonetheless, good opportunities will still be found in developed countries, especially for higher-cost degradable, recycled content and other green products in areas with bans on polystyrene foam disposables. The US, which accounted for 37 percent of global foodservice disposables sales in 2010, will remain the largest national market in the world by a wide margin due to its large quick service restaurant sector.
More Restaurants reports by Freedonia Group Inc
Foodservice Disposables by Freedonia Group Inc
Improving economy to drive US demand through 2017
US demand for foodservice disposables is expected to approach $20 billion in 2017. Growth will ...
See all reports like this >>
Foodservice Packaging by Freedonia Group Inc
US demand to climb 2.3% annually through 2014 US demand for foodservice packaging is forecast to climb 2.3 percent per year to nearly $8 billion ...
More Global Restaurants reports
Restaurant & Catering Services (Global) - Industry Report by Plimsoll Publishing Ltd.
Plimsoll Publishing’s Restaurant & Catering Services (Global) Analysis provides a detailed overview of the Restaurant & Catering Services (Global) market and delivers a comprehensive individual ...
Restaurants (Global) - Industry Report by Plimsoll Publishing Ltd.
Plimsoll Publishing’s Restaurants (Global) Analysis provides a detailed overview of the Restaurants (Global) market and delivers a comprehensive individual analysis on the top 490 companies, ...
2014 Worldwide Full-Service Restaurants Industry-Industry & Market Report by Barnes Reports
2014 Worldwide Full-Service Restaurants Industry-Industry & Market ReportThe 2014 Worldwide Full-Service Restaurants Industry-Industry & Market Report, published annually by Barnes Reports, contains timely and accurate ...
See all reports like this >>
International Consumer Markets 2014 by Richard K. Miller & Associates
International Consumer Markets 2014
Total global consumer spending tops $42.8 trillion. This market is assessed by region, country, and sector in International Consumer Markets 2014.