U.S. Demand for Single-Use Foodservice Products to Rise
According to a new Freedonia Group analysis, the US market for single-use foodservice products is forecast to see healthy annual growth of 3.4% through 2023, when demand is expected to near $25 billion. The best opportunities exist for products with features that support use in fast-growing applications – such as tamper-evidence and improved insulation for meal delivery – as well as those sourced from sustainable materials that reflect growing consumer and government concerns about the environmental impact of single-use plastics.
Containers and cups/lids to account for two-thirds of market gains through 2023
Containers and cups (along with their respective lids) are by far the most commonly used types of foodservice disposables and will together account for two-thirds of all new demand through 2023. Highlights include...
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