Demand for Foodservice Single-Use Products Boosted by Surging Off-Premise Dining

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Aug 28, 2020, 12:28 ET

CLEVELAND, Aug. 28, 2020 /PRNewswire/ -- The COVID-19 pandemic is causing severe disruption in the nearly $4 trillion global foodservice market:

As outlets across all industry segments face steep declines in sales volumes due to restrictions on aspects of foodservice, such as dine-in capacity, that have been implemented to contain the virus, many establishments, particularly in the full-service sector, face permanent closure.
These shuttered businesses are expected to be replaced with new ones as the pandemic recedes and economic activities, including consumer dining habits, return to normal levels in 2021 and beyond.
Meanwhile, foodservice operators are working to adapt to a market environment where offering options such as digital ordering, curbside pickup, and delivery (such as via DoorDash or UberEats) is increasingly key to long-term growth.

Foodservice single-use product demand to grow in 2020 as off-premise dining takes off

One area of foodservice that's weathering the storm well is single-use products, global demand for which is expected to rise 3.8% per year to nearly $70 billion in 2024. Despite projected declines in foodservice revenues and a high number of restaurant closures in 2020, demand for these products will register some growth during the pandemic due to a sharp increase in off-premise dining (e.g., delivery, drive-through, takeout).

However, faster growth in 2020 will be restrained by the substantial reduction in foot traffic across foodservice sectors due to voluntary and state-mandated measures to contain the pandemic. This includes establishments such as fast food restaurants that have traditionally focused on takeaway and have continued to operate throughout the pandemic.

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Global Foodservice and Global Foodservice Single-Use Products are now available from The Freedonia Group.

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