Global Foodservice Disposables Market 2018-2022 | Introduction of New Products to Drive Growth | Technavio

LONDON--()--Technavio analysts forecast the global foodservice disposables market to grow at a CAGR of more than 6% during the period 2018-2022, according to their latest market research report.

The introduction of new products is one of the major trends being witnessed in the global foodservice disposables market. Some of the major vendors in the global foodservice disposables market have been trying to improve their competitive advantage by introducing new products. For instance, a major vendor introduced a completely renewable paper cup that is made from plant-based materials.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio analysts highlight the growth of food delivery and take away markets as a key factor contributing to the growth of the global foodservice disposables market:

Global foodservice disposables market: Growth of food delivery and take away markets

The global food delivery and take away markets are growing significantly because of the rapid urbanization, the hectic lifestyle of people, and the increasing use of smartphones. The advent of several new online food delivery applications has also driven the growth of the global food delivery market. The increasing penetration of the Internet has allowed people to order food from the convenience of their homes.

According to a senior analyst at Technavio for research on food service, “Many restaurants have become accessible due to the availability of online services. Such restaurants also provide food at a lower cost when compared with their competition. The effective supply chain for food delivery makes it convenient for people. The number of dark kitchens that produce food only for online deliveries has been increasing across the world.”

Global foodservice disposables market: Disposable serviceware products lead the market

This market research report segments the global foodservice disposables market into the following products (disposable serviceware and disposable foodservice packaging) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Disposable serviceware products include single-use cups, dinnerware, cutlery, and utensils. The disposable serviceware segment is expected to contribute the major share of revenue to the global foodservice disposables market during the forecast period.

The Americas was the leading region for the global foodservice disposables market in 2017. It accounted for a market share of approximately 39%. The market share occupied by this region is anticipated to decrease by almost 2% by 2022. However, this region will dominate the global market throughout the forecast period.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

Technavio analysts forecast the global foodservice disposables market to grow at a CAGR of more than 6% during the period 2018-2022.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com