NEWARK, Del, May 12, 2023 (GLOBE NEWSWIRE) -- The disposable plates market is anticipated to expand its roots at an average CAGR of 6.2% between 2023 and 2033. The market is projected to have a market share of US$ 9.35 Billion by 2033 while it is likely to be valued at US$ 5.12 Billion in 2023.
- The restored food and beverages industry, and the application of new, light, and environmentally friendly materials while producing these plates are garnering market growth. Furthermore, the government restrictions and limitations over the use of plastic are also flourishing the sales of disposable plates.
- A section of millennials that hangs around in outer spaces, have a different lifestyle that involves eating ready-to-eat meals and fast food is adding value to the disposable crockery sector. The disposable plates with compostable, fiber, foam, and plastic material deliver different options to the end users.
- The expanding food outlets, restaurants, caterers, and supermarkets are also consuming a big chunk of the market. The popular option of online food delivery platforms is also delivering disposable plates, spoons, and cups along with the food, fueling the market growth.
- Increased awareness around hygiene and safety in restaurants and caterers, sustainable solution as it saves time and water, and custom designs for each outlet makes it a preferred option.
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Key Points:
- The United States market leads the disposable plates market in terms of market share in North America. The United States region held a market share of 28.9% by 2022. The growth in this region is attributed to the aware end users, expanding restaurants, and online food delivery platforms. North America dominates the market as it held a 28.9% global share in 2022.
- Germany’s disposable plates market is another significant market in the European region. The market held a market share of 3.5% in 2022. The growth is attributed to the government efforts and restoration of the food and beverage sector post-Covid-19. Europe held a global share of 27% in 2022.
- The Indian disposable plates market thrives at a CAGR of 8.6% during the forecast period. The market’s growth is attributed to the higher population, increased consumption, and advent of the online food delivery apps.
- The plastic plates segment leads the product type segment as it held a market share of 61.9% in 2022. The growth is attributed to higher availability, cheaper rates, and usage of recycled & reusable plastic.
- Based on the sales channel type, the B2B segment leads as it held a market share of 77.6% in 2022. The growth is attributed to the surge in outlets, restaurants, and eateries.
Competitive Landscape:
The key vendors are focused on fewer side effects, an enhanced supply chain, and higher affordability. Companies also collaborate to expand their supply chain. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.
Key Players:
- Vegware Ltd
- Genpak LLC
- Polar Plastic Ltd
- Be Green Packaging LLC
- Duni AB
- Ckf Inc
- Dopla Spa
- Fast Plast A/S
- Huhtamaki Oyj
- Georgia-Pacific LLC
- Poppies Europe Ltd
- NUPIK - FLO U.K. Ltd
- HOSTI GmbH
- Seow Khim Polythelene Co Pvt Ltd
- Jinhua Lansin Commodity Co., Ltd
- Hotpack Group
- D&W Fine Pack LLC
- Dart Container Corporation
- Pactiv LLC
- International Paper
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Recent Market Developments:
- Duni AB has introduced its different range of plates including sausage plates, round plates, square plates, and oval plates. These plates carry different colors and material options.
- Poppies Europe Ltd has achieved a BRC A grade certification. The standard focuses on the safety, legality, and quality of products.
Key Segments Covered:
By Product Type:
- Plastic Plates
- Expanded Polystyrene (Foam)
- Polypropylene (PP)
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Polylactic Acid (PLA)
- Polyhydroxyalkanoates (PHA)
- Aluminum
- Paper
- Laminated
- Non Laminates
- Others
By Design:
- Compartmental
- Plain
By Sales Channel:
- B2B
- Food Service Outlets
- Educational Institutes
- Corporate Offices
- Healthcare Facilities
- B2C (Retail)
- Online
- Supermarket
- Hypermarket
- Convenience Stores
- Mom & Pop Stores
Key Regions Covered:
- North America
- United States
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- The United Kingdom
- France
- Spain
- Russia
- Rest of Europe
- Japan
- Asia Pacific Excluding Japan
- China
- India
- Malaysia
- Singapore
- Australia
- Rest of Asia Pacific Excluding Japan (APEJ)
- The Middle East and Africa
- GCC Countries
- Israel
- South Africa
- The Middle East and Africa (MEA)
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Table of Content (ToC):
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Design
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Explore Trending Reports of Packaging:
Eco-friendly Paper Plates Market Demand: Rising demand for eco-friendly packaging products, increasing consumer awareness about the environment, and government restrictions over the use of single-use plastic products are estimated to bolster sales of eco-friendly paper plates during the forecast period. The market is anticipated to grow 1.5x the current market value from 2022 to 2032.
Flexographic Printing Plates Market Size: Flexographic printing plates will evolve due to the growing demand for sustainable packaging among consumers. New revenue opportunities were created for companies with the advent of digital flexo plates. The push to use recyclable materials, such as inks, in printing presses also reinforces the demand. Players are likely to find new opportunities in the flexographic printing plates market as the need for versatile plates increases.
Biodegradable Disposable Tableware Market Trends: The biodegradable disposable tableware market is likely to record a 6.5% growth from 2022. The food service industry would be the key end-user contributing to the market share due to the convenience and hygiene offered by the biodegradable disposable tableware market.
Fluorinated Bottle Market Share: Fluorinated bottle sales are set to bolster at a steady pace with the top 5 companies holding around 20 to 25% of the market at the end of 2022. Based on the material, the polyethylene segment is expected to dominate the global fluorinated bottles industry, accounting for around 82% of the market value share by the end of 2033.
Bagasse Disposable Cutlery Market Analysis: Demand for bagasse disposable cutlery will witness a steady recovery in the short term, with an optimistic growth outlook in the long run after the pandemic. The market growth is set to gain substantial sales in the forecast period, owing to astonishing features of bagasse disposable cutlery such as biodegradability and availability of different designs.
USA and Canada Packer Bottle Market Sales: The North American packer bottle market is forecast to account for US$ 1.32 Billion in 2023. Overall packer bottle sales across the regions are likely to surge at 4.8% through 2033. By 2033, the North American market will reach a valuation of US$ 1.83 Billion. The top 5 companies are poised to hold around 20 to 25% of the market in 2023.
Disposable Barrier Sleeves Market Volume: As per the FMI report, disposable barrier sleeve manufacturers are expanding their capabilities and are likely to bag more profits with broader numbers of consumers. They are innovating high-safety disposable barrier sleeves to meet the consumer's demand with anti-contamination characteristics.
Paper Bottles Market Outlook: The sales of paper bottles or disposable bottles are sparked by a crucial innovation that has been abandoned in previous years, and a similar trend is anticipated to continue over the projected period. These paper bottles packagings come from extensive supply chains of both online and offline sales, which sustain the demand and consumption curve.
Europe Barrier Coated Paper Market Types: The rising adoption of barrier-coated paper across several end-use industries including food & beverage, pharmaceutical, cosmetics, and consumer goods due to its low cost and eco-friendly nature is providing impetus to the expansion of Europe's barrier-coated paper industry.
Paper Cups Market Growth: The market is expected to showcase a positive growth rate throughout the evaluation period. A report published by Future Market Insights anticipates that paper cup sales are expected to increase between 2023 and 2033.
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