Beverage Product Device Innovation #12175

Total Value of the Food Service Disposable Market (Growth & Trends):

According to a new report from Grand View Research, Inc., the global food service disposables market will reach USD 79.2 billion by 2028, expanding at a CAGR of 4.9% over the forecast period. In developing regions, such as Asia Pacific, growth will be aided by the growing popularity of Quick-Service Restaurants (QSRs), particularly due to hectic work schedules. Globally, the online food delivery application segment is forecast to register the greatest CAGR over the forecast period, primarily due to COVID-19 spreading across the globe, causing more people to order food online. Over USD 21.3 billion was invested in online food delivery services in 2020, with a rapid rise expected in the future. Paper cups, aluminum foil containers, and paperboard boxes made from disposable materials are commonly used in the packaging of online food delivery.

See: www.grandviewresearch.com for more information.

Report Overview

The global food service disposable market size was valued at USD 53.9 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.9% from 2021 to 2028. The global market is anticipated to be driven by the growing penetration of online food delivery services. Moreover, the increasing popularity of Quick-Service Restaurants (QSRs), especially in the developing regions, such as Asia Pacific, owing to busy lifestyles and hectic work schedules is expected to favor the market growth over the forecast period. The high demand for online food delivery services amid the COVID-19 pandemic is also expected to boost the market growth. The surge in demand is aided by the lockdowns imposed across major cities that restrict hotels, restaurants, and cafes from providing dine-in services.

The U.S. emerged as the largest country for food service disposables in 2020 due to the extensive penetration of QSRs, which are the main consumers of food service disposables. Although the market witnessed a decline in growth in 2020 owing to the pandemic, imposed restrictions to curb the disease spread resulted in exponential growth of online food delivery services, which benefitted the food service disposables market. Disposable food packaging products, such as plates, cups, bowls, and containers, are highly economical as compared to their alternatives, such as non-disposable containers.

Moreover, these products provide convenience to customers and delivery personnel in the overall delivery process. The growth of online food delivery services is aided by platforms, such as Uber Eats, Glovo, Grubhub, Delivery Club, Postmates, Just Eat, and Deliveroo. According to a survey by Uber Eats, in 2019, the share of restaurants on its platform that reported an overall increase in sales after joining was 69% in London, 74% in Paris, and 67% in Warsaw. Thus, growing online food delivery service is expected to lead to a rise in product usage, thereby supporting the market growth.

SOURCE: https://www.grandviewresearch.com/industry-analysis/food-service-disposables-market

Requirements For National, Regional, or Global Commercialization:

1) Global Intellectual Property Cooperative Development Agreements. (To Be Discussed.)

2) Patent Litigation & Defense Fund/Insurance Cooperative Agreements. (To Be Discussed.)

3) Engineering, Development & Prototyping Cooperative Agreements. Estimated time required = 6 months to a year. (To Be Discussed.)

4) Key Executive & Project Commercialization Team Agreements, Employee Agreements, Recruiting Firm Agreements, Third-Party Operations Management Agreements, Installation & Service Technician Agreements, Warranty Services Agreements, and other Third-Party Consulting Agreements. (To Be Discussed.)

5) Production Manufacturing & Tooling Agreements. (To Be Discussed.)

6) Internal and External Marketing & Sales Agreements. (To Be Discussed.)

7) Website Development & Management Agreements; Social Media Development & Management Agreements; Online Advertising & Public Relations Agreements; E-commerce & E-Store Development & Management Agreements. (To Be Discussed.)

8) Distribution, E-Store, Manufacturing Rep, and Channel Partners Alliance Partner Agreements. (To Be Discussed.)

9) Equity Crowd Funding Platform Agreements; Fund-Raising Agreements; Loan, Credit Line, or other Financing Agreements; Business Broker Agreements, Merger & Acquisition Advisory Agreements, and or other related Agreements. (To Be Discussed.)

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