The global disposable plates market is estimated at US$ ~4.8 Bn in 2022 and is projected to reach US$ ~6.4 Bn by 2027, at a CAGR of 5.9% from 2022 to 2027.
The market is driven by a number of factors, including the rising trend of outdoor activities such as picnics and camping, increasing demand for disposable plates in the food service industry, and the growing popularity of eco-friendly products.
One of the major trends in the market is the increasing popularity of biodegradable and compostable plates. These plates are made from renewable and sustainable materials such as bamboo, sugarcane, and palm leaf, which makes them environmentally friendly and easy to dispose of. Additionally, the government regulations for reducing plastic waste are supporting the growth of biodegradable and compostable plates market.
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Another trend in the market is the growing popularity of custom-designed disposable plates. This trend is driven by the increasing demand for personalized products and the growing use of disposable plates in events such as weddings and parties.
The disposable plates market is segmented based on material, application, and geography. Based on material, the market is segmented into paper, plastic, and others. Paper plates are expected to dominate the market during the forecast period. This is due to their biodegradable nature and easy availability. Based on application, the market is segmented into household, commercial, and others. The commercial segment is expected to dominate the market during the forecast period.
Geographically, the disposable plates market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to dominate the market during the forecast period. This is due to the increasing population, urbanization, and rising disposable income in countries such as China and India.
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In conclusion, the disposable plates market is expected to experience significant growth in the coming years due to increasing demand for convenience and eco-friendly products. The market is driven by a number of factors including the rising trend of outdoor activities, increasing demand for disposable plates in the food service industry, and the growing popularity of eco-friendly products. The market is segmented based on material, application, and geography, with Asia-Pacific expected to dominate the market during the forecast period.
The key players operating in the disposable plates market include
- 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
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Disposable Plates Market by Category
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
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