Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Global Food Service Disposables Market Overview
Food service disposables are used to pack foods ordered from restaurants and other take away food service centers. Having food while on the go, busy schedule, hectic lifestyle etc. are some of the reasons driving people to order disposable food packets for immediate consumption.
The main purpose of food service disposables is to provide temporary containers to keep food hygienic and free from dust/particles. These disposables can also be easily carried from restaurants to desired locations and can either be recycled or disposed as solid waste.
Market size and forecast
With USD 21.4 Billion revenues in 2015, North America dominated the global food service disposable industry. The food service disposable market in North America is further anticipated to reach at USD 27.50 Billion in 2021, making it one of the most attractive market-place globally.
Europe had the second largest market share in global food service disposable industry and was valued USD 9.94 Billion in 2015. In addition to that, Asia Pacific food service disposable market is expected to showcase an attractive CAGR of 5.8% during 2015-2021. CLICK TO DOWNLOAD FREE SAMPLE
Growth Drivers and Challenges
Increasing population, expanding commercial markets and activities, use & throw convenience etc. are some of the factors that are expected to drive the global food service disposable market in future.
However, negative environmental impacts related to non-recyclable waste of food service disposables is projected to restrain the growth of the market in coming 5-6 years.
Key Players
The global food service disposable market is very competitive and encompasses some of the top players such as;
Market Segmentation
By Raw Material
By Products
By End Users
By Geography
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