The market for eco-friendly paper plates is anticipated to grow at a CAGR of 4.50% from 2023 to 2033, reaching a worth of US$ 1.17 billion in 2023. By 2033, the market is anticipated to reach US$1.82 billion. The top five suppliers are expected to control between 20 and 25 percent of the global market for eco-friendly paper plates in 2023 as sales of these plates rise.
According to product type, it is anticipated that the plain segment would continue to lead the global market. The segment is expanding as a result of more food service companies using plain paper plates globally. According to FMI, the top 3 nations are expected to control 35 to 40% of the market by the year 2020.
Rising demand for eco-friendly packaging products, increasing consumer awareness about the environment, and government restrictions over using 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 value from 2023 to 2033.
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Key Trends for the Eco-Friendly Paper Plates Market:
- Rising Environmental Awareness: Growing concerns about environmental sustainability are driving the demand for eco-friendly paper plates, as consumers and businesses seek alternatives to traditional disposable tableware.
- Preference for Biodegradability: Eco-conscious consumers are increasingly favoring paper plates made from biodegradable materials, such as recycled paper or compostable fibers, to reduce their environmental footprint.
- Government Regulations: Stricter regulations and bans on single-use plastics in various regions are pushing businesses and consumers to adopt eco-friendly alternatives, including paper plates.
- Innovative Materials: Manufacturers are exploring innovative materials and coatings to enhance the durability and heat resistance of eco-friendly paper plates, making them more functional for various food types and settings.
- Customization and Design: Customizable and aesthetically pleasing designs on eco-friendly paper plates are becoming more popular, especially for events and gatherings, offering an opportunity for differentiation in the market.
- E-commerce Growth: The surge in online food delivery services and the need for packaging solutions have boosted the demand for eco-friendly paper plates as an eco-conscious choice for takeout and delivery.
- Foodservice Industry Adoption: Restaurants, cafes, and catering businesses are increasingly switching to eco-friendly paper plates as part of their sustainability efforts and to meet customer expectations.
- Awareness Campaigns: Environmental organizations and consumer advocacy groups are promoting the use of eco-friendly tableware, contributing to greater awareness and adoption.
Key Companies:
- Huhtamaki Oyj
- Graphic Packaging International, LLC
- HOSTI GmbH
- Pactiv LLC.
- Itterra a.s.
- Oy Mini-Maid Ab
- Happiness Moon Co., Ltd.
- Dart Container Corporation
- Boardlink
- Natural Tableware
- Duni Group Global
- DOPLA SPA
- Gafbros Ltd.
- Plastirun Corporation
- Shandong Shengquan New Materials Co., Ltd.
- Dinearth Eco-Friendly Tableware.
- Biotrem
- GreenPlate
- Pappco greenware
Competitive Landscape
The eco-friendly paper plates market is fragmented with the strong presence of global and local players. Throughout the world, small-scale and leading manufacturers are focusing on understanding the current trends of industry players and offering eco-friendly solutions accordingly. Many companies also employ various marketing methods, such as acquisitions and mergers, to broaden their corporate reach and strengthen their market positions.
In November 2021, Graphic Packaging International, LLC announced that it had completed the acquisition of AR Packaging. The acquisition may hasten Graphic Packaging’s position in the market and help to provide packaged consumer goods companies around the globe with sustainable fiber packaging alternatives.
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Eco-friendly Paper Plates Market by Segmentation
By Size:
- Less than 8 inches
- 8 inches to 12 inches
- More than 12 inches
By Product Type:
- Partition
- Plain
By Sales Channel:
- Business to Business (B2B)
- Business to Consumer (B2C)
By End Use:
- Commercial
- Institutional
- Household
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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