DUBLIN--(BUSINESS WIRE)--The "US Foodservice Single-Use Products Market - Focused Insights 2024-2029" report has been added to ResearchAndMarkets.com's offering.
The US market for foodservice single-use products is poised for continued growth with projections indicating an increase from 2023's valuation of $31.50 billion to $38.51 billion by the year 2029.
This represents a compound annual growth rate (CAGR) of 3.40% over the forecast period. The substantial growth is driven by factors including the rise of cloud kitchens, the popularity of do-it-yourself (DIY) meal kits, and a burgeoning demand for delivery and takeaway services.
Sustainability Fuels Market Trends
There is an evident surge in demand for sustainable single-use products within the foodservice industry, specifically paper-based items like cups, lids, and cutlery. As consumers become more conscious of environmental issues, the market is adapting with an increase in eco-friendly solutions. Meanwhile, DIY meal kits are capitalizing on the fast-paced lifestyles of US consumers, ensuring a convenient yet engaging meal preparation experience.
Innovation and Customization as Key Market Differentiators
Innovation continues to be at the forefront of the growth within this market, with cellophane wrap, recognized for its sustainable qualities, gaining traction among foodservice providers. Companies are also increasingly focusing on customization to foster brand loyalty and meet specific consumer preferences.
Competitive Landscape and Market Structure
The market is characterized by the presence of leading players with a robust market penetration such as Dart Container Corporation, Graphic Packaging International, and Huhtamaki. Alongside these key vendors, the field includes a variety of other prominent vendors contributing to the diverse and dynamic nature of the market.
End-user demand is particularly strong from food delivery outlets and catering service providers, further stimulating the market's expansion. With the increasing emphasis on convenience and personalized experiences, the US foodservice single-use products market is expected to maintain its growth trajectory during the forecast period.
Segmentation Insights
The market report offers a granular analysis across various segments including material, packaging type, product type, and end-user industries. These insights outline the prevailing market components and forecast sector-specific growth, contributing to a comprehensive understanding of the market structure.
This strategic analysis inclusive of market dynamics and competitive landscapes, provides stakeholders with the necessary data to make informed decisions regarding their positioning within the US foodservice single-use products industry.
About the Foodservice Single-Use Products Market Report
The report encompasses meticulous research, utilizing both qualitative and quantitative methods, to provide a holistic view of the market. It is composed of extensive data compiled through rigorous analysis and is vital for anyone looking to understand the intricate dynamics of the foodservice single-use products market in the United States.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 77 |
| Forecast Period | 2023 - 2029 |
| Estimated Market Value (USD) in 2023 | $31.5 Billion |
| Forecasted Market Value (USD) by 2029 | $38.51 Billion |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | United States |
A selection of companies mentioned in this report includes, but is not limited to:
- Dart Container Corporation
- Graphic Packaging International
- Huhtamaki
- Pactiv Evergreen LLC
- Sabert Corporation
- Sonoco Products Company
- Anchor Packaging LLC
- Berry Global
- D&W Dine Pack
- Falcon Pack
- Genpack LLC
- Georgia-Pacific LLC
- International paper
- Novolex
- Reynolds Consumer Products
- Smurfit Kappa Group plc
- Airlite Plastics Co.
- Carlisle FoodService Products
- CJK Manufacturing
- Constantia Flexibles
- DOpla Srl
- Evanesce Inc.
- Fabri-Kal
- Freshpack
- Go-Pak Group
- Gold Plast SpA
- Ingredion
- New WinCup Holdings, Inc.
- OWS Foods
- Phillips Food Service Inc.
- Servous
- TC Transcontinental
- The Plastek Group
- Westrock Company
For more information about this report visit https://www.researchandmarkets.com/r/oke3cq
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