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.
($1 = €0.77)
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