US demand to approach $17 billion in 2011.Demand for foodservice disposables is projected to approach $17 billion in 2011.
Growth will be fueled by rising disposable personal income levels and the increasing percentage of consumer food expenditures for food eaten or prepared away from home.
Demographic trends that will continue to boost growth in spending on food away from home include growth in empty nest households as baby boomers age, a rising number of households where all adults work, and a smaller average household size.
Trends toward healthier and more sophisticated menu choices in limited service restaurants and strong demand for takeout food from full service restaurants and supermarkets will spur advances.Lids and wraps will exhibit strongest gains.Fastest advances are anticipated for packaging products, for which gains will be propelled by favorable growth in the limited service restaurant segment and menu changes necessitating increased container usage.
The rising popularity of takeout food from full service restaurants, growth in restaurant catering services and rapid proliferation of meal assembly businesses will also boost packaging demand.
Lids and wraps are expected to post the strongest gains, with most container types also expected to see good growth.
Cups and containers made from degradable materials will gain ground as a result of growing environmental awareness and high prices for petroleum-based plastic materials.Retail market offer rapid growth prospects.Eating and drinking places, by far the leading disposables market, will expand in line with the foodservice disposables average through 2011, aided by faster advances for limited service restaurants and robust revenue and establishment growth in the relatively small fast casual segment.
Above-average growth is expected in the retail market, where broader carryout food offerings will fuel heightened requirements for disposables such as containers, lids, boxes, bags and utensils.
Additionally, strong beverage sales in gas station and other convenience stores will drive opportunities for beverage cups and lids.
Demand in markets such as institutional, lodging and hospitality, sports and recreation, and others (e.g., airlines, military) will expand more slowly, yet all will provide areas of opportunity.
For instance, beverage cup demand in the sports and recreation market will benefit from increased demand for higher-value printed cups, while demand for items like containers, cutlery and carriers will be supported by the growing variety of food offerings in venues such as stadiums, movie theaters and amusement parks.Study coverageIt presents historical demand data plus forecasts for 2011 and 2016 by product and market in both unit and value terms.
The study also evaluates market shares and profiles leading US industry players.