U.S. foodservice disposables demand will rise 3.5% annually through 2013: report
Demand in the U.S. for foodservice disposables made from plastic is projected to advance 3.5 per cent per year...
Demand in the U.S. for foodservice disposables made from plastic is projected to advance 3.5 per cent per year to US$17.7 billion in 2013, based on the ongoing popularity of away-from-home eating and ready prepared foods, according to a new study. The study, entitled “Foodservice Disposables to 2013”, has been released by Chicago-based market research firm The Freedonia Group.
“Packaging products will grow the fastest and overtake serviceware as the largest segment,” the report said. “Eating and drinking places will remain the top market while retail and vending lead gains.”
The report also analyzes factors that will affect production pricing from the processors’ standpoint. “Value advances will be tempered by more moderate price increases for raw materials following sharp spikes, primarily due to resin pricing volatility and high energy and transportation costs, in the 2003-2008 period,” the study said.
Markets for these products will include eating and drinking places, retail stores, institutional establishments, lodging and hospitality sites, and sports and recreation facilities.
For more information about this study, please click on this link.