Foodservice Disposables Market in the US 2017-2021
About Foodservices Disposables
Foodservice disposables refer to various disposable products made from plastic, paper, aluminum, or other materials that are used in the foodservice industry. These products are designed for one-time use, after which they should be disposed of.
The foodservice disposables market in the US consists of products like plates, trays, cutlery, containers, bowls, mugs, cups, lids, glasses, straws, wraps, and foils. Foodservice disposables are made from various types of raw materials such as plastic, paper, aluminum, and others. The end-users include QSR, restaurants (excluding QSR), non-alcoholic beverage stores, and others.
Technavio’s analysts forecast the foodservices disposables market in the US to grow at a CAGR of 5.48% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the foodservices disposables market in the US for 2017-2021. To calculate the market size, the report considers the sales of new units of foodservice disposables to end-users.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Foodservices Disposables Market in the US 2017-2021
Technavio recognizes the following companies as the key players in the foodservices disposables market in the US: Anchor Packaging, Dart Container, Pactiv, and WestRock.
Other Prominent Vendors in the market are: Acorn, D&W Fine Pack, Eco-Products, Gordon Food Service, GreenGood USA, International Paper, Lollicup USA, Packnwood, Pak-Man Food Packaging, Sabert, Vegware, and WNA
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Use of UV-cured ink on disposables. Most foodservice providers use foodservice disposables made from paper and plastic. These are cups, plates, trays, and containers have customized prints and designs, including the name and logo of the foodservice establishment. For instance, McDonald’s, Burger King, KFC, and Dunkin' Donuts provide beverages in paper and plastic cups with custom prints on them. Similarly, leading cafés such as Starbucks and Tim Hortons also have their prints on their disposable cups for beverages.”
According to the report, one of the major drivers for this market is Growing popularity of double wall embossed cups. Due to urbanization and busy schedules, people in the US are increasing their spending on food and beverages out-of-home. Fast foods such as burgers and French fries are significantly popular in the country, and the takeaway market for coffees and other hot beverages has also grown significantly here. Due to the high temperature of these beverages, the cups need to be more heat-resistant as well as provide better grip to the end-user. Double wall embossed cups provide such benefits. They offer excellent heat insulation compared to regular cups. These cups are gaining popularity for takeaway coffees.
Further, the report states that one of the major factors hindering the growth of this market is Inflated cost of raw materials and transportation. Aluminum, plastic, and paper are the raw materials used for manufacturing foodservice disposables. These are subject to price variability due to the dynamic market and industry conditions. Many of the manufacturers also use recycled paper. Recycled paper supply is affected by the growing demand for products packaged in 100% recycled paper and high demand for US-based recycled paper globally. Further, some manufacturers of virgin paperboard, tissue, newsprint, and corrugated packaging have shifted the production process to recycled paper. Thus, this may result in supply shortage and increase in the cost of recycled paper during the forecast period.
Anchor Packaging, Dart Container, Pactiv, WestRock, Acorn, D&W Fine Pack, Eco-Products, Gordon Food Service, GreenGood USA, International Paper, Lollicup USA, Packnwood, Pak-Man Food Packaging, Sabert, Vegware, and WNA