Health & Safety Industry Today

The US Foodservice Single-Use Product Market to Worth $38.51 Billion by 2029 - Exclusive Focus Insight Report by Arizton

Get This Report For Lesser With Our Subscription Services
Published 23 May 2024

According to Arizton's latest focus insights report, the US foodservice single-use product market is growing at a CAGR of 3.40%.

To Know More, Click: https://www.focusreports.store/report/us-foodservice-single-use-products-market-focused-insights

In the US, the foodservice single-use products market is rapidly expanding, propelled by innovative trends like Cloud Kitchens, the adoption of Contract Catering Services, and the surging demand for Takeaway and Delivery Services. Valued at $31.50 billion in 2023, the market is expected to soar to $38.51 billion by 2029, growing at a steady CAGR of 3.40%. As sustainability becomes a priority, the rise in eco-friendly molded fiber products and a growing preference for customizable DIY Kits are reshaping the market dynamics.

The paper & paperboard product segment is flourishing, thanks to a CAGR of 4.57%, driven by an upsurge in takeaway services and a growing affinity for paper-based solutions. Meanwhile, the flexible packaging segment is not far behind, witnessing significant growth with a 3.84% CAGR, spurred by the expanding food industry and the quest for convenient packaging.

Catering service providers are experiencing a substantial market boost, with a 4.07% CAGR, as the hospitality sector burgeons and health-conscious consumers seek healthier food options. Amidst this growth, there's a notable shift towards sustainable materials for single-use items like cups, cutlery, and wraps, reflecting the public's heightened environmental awareness.

With the American lifestyle leaning towards convenience, DIY food kits are carving a niche in the market, expected to see a rise in popularity. On the other hand, there's a growing demand for recycled plastic products as the industry steers away from environmentally detrimental options.

Disposable income levels are high in the US, fueling demand for sustainable single-use products, with food chains increasingly opting for eco-friendly packaging. Rigid packaging, known for its durability and ease of transport, dominates the market, signifying its importance for foodservice businesses.

The US market is also seeing a rise in hotels and restaurants, thanks to a burgeoning tourism sector and a surge in recreational activities. This has led to an increased demand for single-use products at various events and outdoor activities. The market for wraps, liners, and disposable bags is expanding, with cellophane wraps becoming particularly popular due to sustainability considerations.

In the backdrop of this growth, the US foodservice single-use products market is intensely competitive, with a mix of local and international players offering a vast array of products. Small businesses compete in niche segments, while larger players focus on innovation to capture market share. Companies like Dart Container Corporation, Graphic Packaging International, and Sonoco Products Company lead the market, with a strong focus on developing sustainable and innovative products to meet the rising demand.

Key Highlights

  • The US foodservice single-use products market was valued at $31.50 billion in 2023 and is expected to reach $38.51 billion by 2029, growing at a CAGR of 3.40% during the forecast period.
  • The US foodservice single-use products market is growing significantly due to the increasing trend of Cloud Kitchens, growing popularity of DIY Kits, increasing popularity of Contract Catering Services, growing trend of Customization, growing popularity of Molded Fiber, high demand for Takeaway and Delivery Services, growing Food Service Industry, and increasing interest in recreational activities.
  • Due to the rising awareness about sustainable products, demand for paper-based cups, lids, cutlery, etc., is rising significantly in the US foodservice single-use products market.
  • DIY kits are gaining traction in the US market, due to the busy lifestyle of working people. In the coming years, it is expected to gain significant market share in the US.
  • The popularity of cellophane wraps is rising significantly in the US market, as it is one of the sustainable options for wrapping food.

To Know More, Click: https://www.focusreports.store/report/us-foodservice-single-use-products-market-focused-insights

SEGMENTATION & FORECAST

  • Material Market Insights (2023-2029)
  • Plastic
  • Paper & Paperboard
  • Aluminum
  • Others
  • Packaging Market Insights (2023-2029)
  • Rigid
  • Flexible
  • Product Market Insights (2023-2029)
  • Containers, Trays, & Tubs
  • Cups, Lids, & Sleeves
  • Plates & Bowls
  • Others
  • End-User Market Insights (2023-2029)
  • Restaurants
  • Food Delivery Outlets
  • Hotels & Motels
  • Cafes, Cafeteria & Small Eateries
  • Catering Service Providers
  • Others

Vendors List

Key Vendors

1.     Dart Container Corporation

2.     Graphic Packaging International

3.     Huhtamaki

4.     Pactiv Evergreen LLC

5.     Sabert Corporation

6.     Sonoco Products Company

Other Prominent Vendors

1.     Anchor Packaging LLC

2.     Berry Global

3.     D&W Dine Pack

4.     Falcon Pack

5.     Genpack LLC

6.     Georgia-Pacific LLC

7.     International paper

8.     Novolex

9.     Reynolds Consumer Products

10.  Smurfit Kappa Group plc

11.  Airlite Plastics Co.

12.  Carlisle FoodService Products

13.  CJK Manufacturing

14.  Constantia Flexibles

15.  DOpla Srl

16.  Evanesce Inc.

17.  Fabri-Kal

18.  Freshpack

19.  Go-Pak Group

20.  Gold Plast SpA

21.  Ingredion

22.  New WinCup Holdings, Inc.

23.  OWS Foods

24.  Phillips Food Service Inc.

25.  Servous

26.  TC Transcontinental

27.  The Plastek Group

28.  Westrock Company

About Focused Reports by Arizton               

Welcome to Focused Reports, an esteemed Arizton Advisory & Intelligence subsidiary committed to delivering precise and insightful market research reports across all key geographies. Our unique selling proposition lies in our affordable pricing, accurate data, in-depth research, and presentation-ready reports. With us, expensive market research is a thing of the past. We aim to be strategic, providing valuable data. Focus Reports is where folks come to name their ideas, create a compelling brand and a great-looking website, and attract customers with digital and social marketing.              

Contact Us:               

Call: +1-312-235-2040                                                          

          +1 302 469 0707                                                         

Mail: enquiry@arizton.com              

Website: https://www.focusreports.store/      

Other Industry News

Ready to start publishing

Sign Up today!