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US Foodservice Disposables Market
Date:11/13/2013

London (PRWEB) November 13, 2013

Improving economy to drive US demand through 2017

US 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 recession-impacted 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 fastest

Packaging 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 food-service 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 fresh-ness and enhances the visual appeal of prepared foods will be a consideration for packaging demand in the retail market.

Serviceware gains will lag the overall average as a result of an expected moderation in material prices following spikes in recent years, along with rising competition from Asian imports in some segments. Nonetheless, prospects will be supported by a favorable outlook for limited service restaurant and retail establishment foodservice revenue growth, along with steady demand in institutional and other markets. Also supporting gains will be the increased focus on gourmet coffee and specialty cold drinks by quick service restaurants and convenience stores, and increased catering activity by restaurants.

Robust advances are antic
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Source: PRWeb
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