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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