Global foodservice disposables demand to top $53bn in 2015

04 January 2012 23:20  [Source: ICIS news]

HOUSTON (ICIS)--Global demand for foodservice disposables is projected to grow by 5.4% per year to $53.3bn (€41.0bn) in 2015, according to a market research study released on Wednesday.

Improvements in global economic conditions, fast-paced lifestyles, urbanisation trends,and rising spending for away-from-home food will drive the gains in the foodservice industry, according to Cleveland-based industry research firm The Freedonia Group.

The largest product types will be disposable serviceware, including single-use cups, dinnerware and utensils, according to Freedonia, with demand driven by global expansion in the limited service restaurant sector, which relies on single-use packaging.

The Asia/Pacific region will see above-average gains in foodservice disposables demand, according to Freedonia.

The US, which accounted for 37% of global foodservice disposables sales in 2010, will remain the largest national market in the world. China will surpass Japan to become the second largest market by 2015, Freedonia said.

Generally, foodservice disposables can be made from polystyrene (PS), polypropylene (PP) and other plastics.

($1 = €0.77)

By: Ron Coifman
+1 713 525 2653

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