2017 Foodservice Disposables Market in US
Improving economy to drive US demand through 2017US demand for foodservice disposables is expected to approach $20 billion in 2017. Growth will be driven by accelerated foodservice revenue increases relative to the performance of the recessionimpacted 2007-2012 period, reflecting an improved outlook for consumer spending in tandem with continuing economic expansion, which will drive increased frequency of restaurant visits.Packaging products to grow fastestPackaging products will achieve the fastest gains through 2017, driven by above average revenue increases in the limited service segment, which accounts for over half of restaurant revenues but generates a much higher share of foodservice disposables demand. Expanding menu options in limited service restaurants, longer hours to include breakfast and snacking beyond traditional meal times, and ongoing development of new restaurant concepts will also bode well for related packaging. The popularity of takeout food from full service restaurants and greater prepared food options from retail stores will also fuel packaging demand. Packaging that maintains freshness and enhances the visual appeal of prepared foods will be a consideration for packaging demand in the retail market.
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