Foodservice Disposable Distribution Market, By Product Type (Tableware Disposables, Finger Food Disposables, and Durable Plastic Glasses), By Distribution Channel (Wholesale and Retail), and by Application (Restaurants, Bars and Pubs, Clubs, Foodservice Providers and Caterers, and Others), and By Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Rising trend of eating outside is a major factor driving growth of the QSR market. According to Coherent Market Insights, the QSR industry is expected to exhibit a CAGR of 5.18 % during the forecast period. Furthermore, geographic expansion by various food service brands in smaller cities is further supplementing the market growth. As a result of market growth of QSRs, demand for different disposable distribution systems such as plates, bowls, and glasses is also expected to increase.
Market Dynamics
Growth of the food delivery and takeaway services is also playing a key role in driving demand for food packaging disposables. According to Coherent Market Insights, the global food delivery and takeaway services market is expected to reach over US$ 100 billion by 2020. Additionally, growing demand for online food delivery services is further expected to fuel the market growth. Hence increasing option available to consumers to order food online is expected to create more demand for disposable distribution systems, in turn aiding in growth of the market.
However, factors such as government restrictions on the use of disposable plastic products stands to restrict market growth.
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