CLEVELAND (Aug. 4, 12:15 p.m. ET) — Despite bans in some communities, U.S. demand for foodservice disposables is expected to rise 4.1 percent annually and reach $18.8 billion in 2015, according to a new market study.
Growth will be driven by a rebounding economy, which will encourage people to eat out more often, and by demographic trends that favor more meals prepared away from home, according to “Foodservice Disposables,” a report from Cleveland-based Freedonia Inc.
Packaging products will grow 4.5 percent annually to $8.8 billion in 2015. Demand for serviceware, including cups, dinnerware, utensils and other products, is projected to rise 4 percent annually to reach $8.6 billion in 2015.
The 335 page report costs $5,100.