Food Service Disposable Market Share, Size, Trends, Industry Analysis Report, By Packaging (Rigid, Flexible); By Material (Plastic, Paper & Paperboard, Bagasse, Polylactic Acid, Others); By Application; By Region; Segment Forecast, 2022 - 2030
The global food service disposable market size is expected to reach USD 88.25 billion by 2030 according to a new study by Polaris Market Research. The report “Food Service Disposable Market Share, Size, Trends, Industry Analysis Report, By Packaging (Rigid, Flexible); By Material (Plastic, Paper & Paperboard, Bagasse, Polylactic Acid, Others); By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global market is likely to be driven by the rise of online meal delivery facilities. Furthermore, owing to busy lives and strenuous work schedules, Quick-Service Restaurants’ (QSRs) increasing popularity is likely to favor disposable market expansion over the forecast period, particularly in developing countries. For instance, according to the National Center for Biotechnology Information. Globally, the meal delivery industry generated USD 107.4 billion in revenue in 2019, up 17.5 percent from the previous year. The surging demand for online delivery facilities as a result of the COVID-19 pandemic is likely to propel the industry forward. The increase in demand is facilitated by city-wide lockdowns that prohibit hotels, restaurants, and cafes from providing dine-in facilities.
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