Global Disposable Plates Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global disposable plates market report has been segmented on the basis of product type, design, sales channel, and region.
Disposable Plates Market Introduction:
“The Disposable plates market size is expected to be worth around US$ 5 Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of 5.2% during the forecast period 2021 to 2031.”
Disposable plates are products that are conveniently used for serving eatables. These products are mostly used during social functions, religious gatherings, parties, marriages, outings, sweet shops, etc. by caterers or organizers of the events.
The products have many advantages and are hence more preferable as compared to standard utensils or crockery for serving eatables, and can be easily be disposed of after use and thus saves a lot of labor charges of cleaning.
Disposable Plates Market Market Dynamics:
Key factors expected to drive the growth of the global disposable plates market are the rising number of home delivery and online food service platforms across the globe.
In addition, the growing food and beverages sector, effective features and benefits of the products such as cost-effectiveness, availability in different shapes and sizes, etc., rising disposable income, and increasing demand for ready-to-go food are some other factors expected to drive the growth of the global disposable plates market.
Furthermore, increasing awareness regarding hygiene and sanitation, government support in emerging countries such as India, Taiwan, and China, changing consumer preferences, and a growing organized retail sector are some other factors expected to drive the growth of the target market over the forecasted period.
However, strict regulations owing to rising harmful impact on the environment such as emissions from disposal plates, gasses from a breakdown in landfills, or incineration of plates are some factors expected to hamper the growth of the global disposable plates market over the forecast period.
Major manufacturers are focusing on partnering with food services companies in order to expand their geographical presence and cater to the growing demand for disposable plates. In addition, the rising adoption of biodegradable raw materials from sources such as Polylactic acid (PLA), sugarcane, bagasse, etc. for manufacturing disposable plates are key trends witnessed in the target market, currently. In March 2018 for instance, World Centric, which is a US-based manufacturer of kitchenware and food packaging products started using sugarcane to manufacture eco-friendly disposable plates & bowls.
The market in North America is expected to dominate the global disposable plates market. This is primarily attributed to the increasing preference for use of disposable plates, and the rising demand for disposable plates from hospitals, restaurants, and commercial centers in countries in the region.
The market in the Asia Pacific is expected to be an emerging market for the global disposable plates market and is expected to register the highest CAGR over the forecast period, owing to changing consumer’s preferences towards fast food outlets and rising demand for ease of usage and hygiene products in countries in the region.
Moreover, the markets in Europe, Latin America, and Middle East & Africa are expected to register significantly higher revenue growth in the global disposable plates market over the forecast period.
GLOBAL DISPOSABLE PLATES MARKET SEGMENTATION:
Segmentation by product type:
- Plastic plates
- Non Laminated
- Others (includes Corrugated Paperboard, Wheat Fiber, Sugarcane, Bagasse, etc.)
Segmentation by design:
Segmentation by sales channel:
- Food service Outlets
- Educational Institutes
- Corporate Offices
- Healthcare Facilities
- Convenience Stores
- Mom & Pop Stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Plastic plates
- Georgia-Pacific LLC
- The International Paper Company
- Huhtamaki Oyj
- Pactiv LLC
- Dart Container Corporation
- D&W Fine Pack LLC
- Hotpack Group
- Jinhua Lansin Commodity Co., Ltd.
- Seow Khim Polythelene Co Pte Ltd.
- HOSTI GmbH
- Nupik-Flo UK Ltd.
- Poppies Europe Ltd.
- Fast Plast A/S
- DOpla S.p.A.
- Ckf Inc.
- Duni AB
- Be Green Packaging LLC
- Polar Plastic Ltd.
- Genpak, LLC
- Vegware Ltd.
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