Market Trend Analysis of Paper Cups, Paper Bowls and Paper Lunch Boxes from 2021 to 2028
Market Trend Analysis of Paper Cups, Paper Bowls and Paper Lunch Boxes from 2021 to 2028
Growth in global consumption has led to increased production of disposable packaging or disposable tableware. Each person on the planet produces an average of 500 kilograms of waste per year, which equates to 3.5 trillion tons of waste per year. This is not sustainable in the long run and needs to start managing production as a circular economy.
The global disposable food service market size was valued at USD 53.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2021 to 2028. The global market is expected to be driven by rising online penetration for food delivery services. Furthermore, the growing popularity of fast food restaurants owing to hectic lifestyles and hectic work schedules, especially in developing regions such as the Asia region, is expected to favor market growth over the forecast period. High demand for online and food delivery services amid the COVID-19 pandemic is also expected to drive market growth.
The COVID-19 Pandemic Affects Paper Disposable Tableware Trend
The food service application segment will lead the market with a revenue share of over 51% by 2020. The dynamics of the food service industry are changing rapidly, which is expected to aid the growth of the disposable food service market. Furthermore, increasing demand for food delivery, food delivery, and online food delivery services will drive market growth. The COVID-19 pandemic has adversely affected the industry as some countries imposed strict lockdown measures and all food service businesses closed.
The post-pandemic era has changed every aspect of the industry, forcing it to increase the use of single-use items in dine-in and online food delivery applications. This has led to increasing demand for disposable food services from various food service providers, and this trend is expected to continue in the coming years.
These products are used every day in institutions such as schools, colleges, universities, hospitals, correctional facilities, public and private restaurants, nursing homes and day care centers. Unlike restaurants and hotels, where full-time employees serve food and clean tables and utensils, businesses often prefer third parties, such as food services and private commercial organizations, to deliver meals.
While many institutions, such as colleges, universities, and schools, have turned to online platforms, hospitals and other newly established institutions, such as COVID care centers, are skeptical of iron products due to the COVID-19 pandemic.
Regional Insight of Paper Disposable Tableware
2020 market dominance, revenue, 36%. . . due to the fastest growing compound growth rate of the economy and a booming service industry. Contributors with the most contributors in China, due to the high density and adaptation of the online food delivery system
The ever-changing food industry with high penetration and high penetration rate is expected to witness significant growth in the regional market market. .Other larger markets in the region include Japan, South Korea, South Korea, South Korea, and these are likely markets, thereby enabling the region. North America is the second largest region in 2020.
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