Demand for single-use disposable foodservice products in the United States is forecast to approach $226 billion in 2021
NEW YORK, Jan. 18, 2018 /PRNewswire/ -- Demand for single-use disposable foodservice products in the United States is forecast to approach $226 billion in 2021. Growth will be driven by the increased options and convenience of meals prepared or consumed away from home. Demand will also be supported by a shift toward the use of higher value products featuring durable plastic or compostable materials.
Read the full report: https://www.reportlinker.com/p05288416
Key Findings in the Foodservice Single-Use Products Study:
On-the-Go, Takeout, and Delivery Fuel Demand
More than ever, consumers are demanding flexibility in their meal options. Generally, they are looking for speed and convenience. The availability of online ordering and delivery services allows the enjoyment of eating out while still tending to their busy lives. As this trend continues to rise, the establishments that serve them must be prepared to package a meal for takeout or delivery while ensuring the best eating experience for their guests. This includes containers, wraps and bags, among others. The single-use items utilized must prevent spills, provide convenience, and best represent the image that the foodservice establishment is trying to achieve.
Fast Casual Trend Will Continue to Shape Foodservice
Fast casual restaurants provide a perceived fresher, healthier alternative to the traditional fast food establishment, as well as a more convenient, cheaper alternative to casual dining. Solid revenues in fast casual restaurants, including many customizable pizza concepts, will fuel demand for cups, wraps, utensils, and similar items. Both quick and full service restaurants will adopt fast casual characteristics to compete for "share of stomach".
Retail Establishments Drive Unlikely Growth
Convenience stores looking to replace lost tobacco sales have found the answer in foodservice. The consumer trend for eating smaller meals that fit into their increasingly busy lifestyles seems tailor-made to benefit convenience stores. In a broader trend, many retail establishments have focused on foodservice to keep customers in the store, and these places are boosting demand for the cutlery, bags, cups and other containers needed.
Sustainable Packaging Trend Is Here to Stay
Consumers want their eating choices to reflect their values, and establishments want to meet their corporate sustainability objectives. As compostable, recyclable, and post-consumer products become more price competitive, they are quickly becoming an economical alternative to the traditional single-use foodservice product materials.
Bio-based, renewable, and biodegradable materials derived from sugarcane (bagasse), corn (polylactic acid or PLA) and recycled newsprint (molded pulp) offer suitable alternatives to traditional cups, clamshells, dinnerware, and cutlery.
Study Coverage
This industry study presents historical data (2006, 2011, and 2016) and forecasts for 2021 by product (containers, lids & domes, wraps, bags, cups, dinnerware, napkins, and utensils) and market (eating & drinking, retail establishments, institutional, sports & recreation, and lodging & hospitality). Eating and drinking places include quick service restaurants, fast casual, coffee & snack shops, and full service restaurants. The study also evaluates company market share and provides analysis on industry competitors including Dart Container, Pactiv, Georgia-Pacific, International Paper, Novolex, and WestRock.
Read the full report: https://www.reportlinker.com/p05288416
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