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.
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Growth Opportunities in Disposable Plates Market:
- Biodegradable Materials: The shift towards eco-friendly options creates a significant growth opportunity. Manufacturers using biodegradable materials for disposable plates align with consumer preferences for sustainability, driving market expansion.
- Customization and Branding: Offering customizable and branded disposable plates for events, parties, and businesses provides a niche market. Companies can capitalize on this trend by providing personalized options, enhancing brand visibility and customer engagement.
- Technological Advancements: Adoption of advanced manufacturing technologies, such as 3D printing and automation, can enhance production efficiency and reduce costs. Companies investing in these technologies gain a competitive edge in the disposable plates market.
- Health and Safety Concerns: The increased focus on hygiene and safety, especially in the food industry, creates opportunities for disposable plates. Antimicrobial coatings, contactless serving solutions, and single-use options gain prominence in response to health-conscious consumer demands.
- E-commerce Integration: As online shopping continues to grow, integrating disposable plate sales into e-commerce platforms offers convenience to consumers. Establishing a robust online presence and efficient distribution channels can tap into this evolving market dynamic.
Market Innovation in Disposable Plates Market:
- Smart Packaging Solutions: Integration of smart technologies, such as RFID tags or QR codes, into disposable plates can enable traceability, product information, and even interactive experiences for consumers, enhancing the overall product value.
- Edible Plates: Innovations in edible packaging using edible materials like seaweed or rice bran provide a sustainable and unique solution. These plates not only reduce waste but also offer a novel and environmentally friendly alternative.
- Antimicrobial Coatings: Incorporating antimicrobial coatings on disposable plates addresses hygiene concerns. This innovation is particularly relevant in the current global context, emphasizing safety in food consumption.
- Compostable Combinations: The development of compostable disposable plates that integrate seamlessly into existing composting systems fosters environmental sustainability. Innovations in compostable materials and designs contribute to a circular economy.
- Multi-Compartment Designs: Responding to consumer demands for versatile and convenient serving options, disposable plates with multi-compartment designs enhance the user experience. These plates accommodate diverse food items and improve overall functionality for various occasions.
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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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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
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific
- Middle East and Africa (MEA)
- Japan
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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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