Disposable Plates Market – Global Industry Analysis and Forecast (2022-2029)

Disposable Plates Market was valued at US$ 4.5 Bn. in 2021. Global Disposable Plates Market size is estimated to grow at a CAGR of 6% over the forecast period.

Disposable Plates Market Overview:

Single-serving meal plates that may be recycled and discarded after use are known as disposable plates. These dishes are ideal for presenting food at any gathering. Plastic, aluminum, paper, and other unconventional materials are commonly used in disposable plates. The growing effect of westernization in developing countries, as well as expanding fast food consumption, is driving up demand for disposable plates for packaged foods.Disposable Plates MarketTo know about the Research Methodology:-Request Free Sample Report Because of its high biodegradability and sustainable packaging outlook, as well as its rising applications in food packaging, disposable plates are expected to see increased demand in the future. Furthermore, disposable plates are expected to become increasingly popular as takeaway food chains, fast-food consumption, small commercial eateries, events, and even roadside vendors adopt them. The COVID-19 Pandemic also contributed to the increase in the size of the disposable plates market. This is because the foodservice and packaging industry grew in size as a result of home deliveries and an increase in the number of packaged goods services. In order to curb the growth of the virus, many individuals preferred disposable plates instead of washed plates in fear of contamination, thereby contributing to the growth of the market.

Disposable Plates Market Dynamics:

The demand for disposable plates in the global market is mostly driven by the food service industry. In the food service business, disposable plates are primarily used for serving and packaging food. The foodservice disposables industry is expanding rapidly and is expected to continue to do so in the future years. The market for disposable plates has been driven by an increase in foodservice delivery applications for home delivery and take-away from restaurants and hotels for convenient meals. Furthermore, millennials' increased appetite for on-the-go eating has benefited the disposable plate market's expansion. Several manufacturers now offer customized disposable plates to meet the needs of eateries. Foodservice outlets are anticipated to contribute 12 per cent of the entire disposable plate sales channel. During the pandemic, the household sector exhibited a significant demand for disposable plates since disposable plates help prevent the transmission of coronavirus. In the midst of the pandemic, consumer awareness of health has urged consumers to use throwaway tableware. Many firms are developing innovative products to attract new customers and persuade them to use biodegradable plates. Manufacturers are experimenting with bamboo paper, leaves and other natural materials to use in the production of disposable plates. These plates are widely accepted by environment-conscious populations who prefer to use them over plastic and paper-based plates because of the impact that these plates make on the environment. On a larger scale, disposable plate consumption has risen dramatically in recent years.

Disposable Plates Market Segment Analysis:

Based on the Product Type, the Disposable Plates Market is segmented into Plastic Plates, Aluminium plates and Paper Plates. The plastic plates market held the largest market share in 2021 at approximately 70%. This is because of the cheap cost of manufacturing these plates coupled with the durability and sturdiness of plastic plates coupled with long shelf times making them the most cost-friendly option. The rise in environmental awareness is likely to shrink the segment distribution in the future, as groups are now starting to favour plates made out of biodegradable or natural materials such as paper or bamboo plates. Based on the Design, the Disposable Plates Market is segmented into plain plates and compartmental plates. The plain plates dominate the disposable plates market. This is because of the lower cost of manufacturing of these plates as well as universal usage for multiple food items, making the plates a universal favourite for roadside vendors as well as for family functions and gatherings. The segment is also expected to contribute more growth to the Disposable Plates market than the compartmental segment.

Disposable Plates Market Regional Insights:

The Asia Pacific and North America regions are the key regions for the Disposable Plates Market. The regions combined are expected to hold more than half of the global market share over the forecast period. This is because of the large populations in countries such as China and India in the Asia Pacific that are both the leading manufacturers of paper plates because of cheap labour costs and import duties. This is further aided by the cultural dynamics of the regions which consist of multiple family gatherings and cultural occasions. The regions also have colossal food markets that make use of disposable plates for packaging and transport, further boosting the size of the Disposable Plates Market in the regions. Europe is also a significant player in the Disposable Food Market. Because of rising environmental concerns in the region, manufacturers are experimenting with environmentally friendly materials for making disposable plates. The objective of the report is to present a comprehensive analysis of the global Disposable Plates Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Disposable Plates Market dynamic, structure by analyzing the market segments and projecting the Disposable Plates Market size. Clear representation of competitive analysis of key players by Product Type, design, financial position, product portfolio, growth strategies, and regional presence in the Disposable Plates Market make the report investor’s guide.

Disposable Plates Market Scope: Inquire before buying

Global Disposable Plates Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 4.5 Bn.
Forecast Period 2022 to 2029 CAGR: 6% Market Size in 2029: US $ 7.17 Bn.
Segments Covered: by Product Type • Plastic Plates • Aluminum • Paper Plates
by Design • Compartmental • Plain

Disposable Plates Market by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Disposable Plates Market Key Players

• Vegware Ltd (UK) • Genpak LLC (US) • Polar Plastic Ltd (US) • Be Green Packaging LLC (US) • Duni AB (Sweden) • Ckf Inc (Canada) • Dopla Spa (Italy) • Fast Plast A/S (Denmark) • Huhtamaki Oyj (Finland) • Georgia-Pacific LLC (US) • Poppies Europe Ltd (UK) • NUPIK - FLO U.K. Ltd (UK) • HOSTI GmbH (Germany) • Seow Khim Polythelene Co Pvt Ltd (Singapore) • Jinhua Lansin Commodity Co., Ltd (China) Frequently Asked Questions: 1] What segments are covered in the Global Disposable Plates Market report? Ans. The segments covered in the Disposable Plates Market report are based on Product Type and Design. 2] Which region is expected to hold the highest share in the Global Disposable Plates Market? Ans. The Asia Pacific region is expected to hold the highest share in the Disposable Plates Market. 3] What is the market size of the Global Disposable Plates Market by 2029? Ans. The market size of the Disposable Plates Market by 2029 is expected to reach US$ 7.17 Bn. 4] What is the forecast period for the Global Disposable Plates Market? Ans. The forecast period for the Disposable Plates Market is 2022-2029. 5] What was the market size of the Global Disposable Plates Market in 2021? Ans. The market size of the Disposable Plates Market in 2021 was valued at US$ 4.5 Bn.
1. Global Disposable Plates Market Size: Research Methodology 2. Global Disposable Plates Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Disposable Plates Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Disposable Plates Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Disposable Plates Market Size Segmentation 4.1. Global Disposable Plates Market Size, by Type (2021-2029) • Plastic Plates • Aluminum • Paper Plates 4.2. Global Disposable Plates Market Size, by Design (2021-2029) • Compartmental • Plain 5. North America Disposable Plates Market (2021-2029) 5.1. North America Disposable Plates Market Size, by Product Type (2021-2029) • Plastic Plates • Aluminum • Paper Plates 5.2. North America Disposable Plates Market Size, by Design (2021-2029) • Compartmental • Plain 5.3. North America Disposable Plates Market, by Country (2021-2029) • United States • Canada • Mexico 6. European Disposable Plates Market (2021-2029) 6.1. European Disposable Plates Market, by Product Type (2021-2029) 6.2. European Disposable Plates Market, by Design (2021-2029) 6.3. European Disposable Plates Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Disposable Plates Market (2021-2029) 7.1. Asia Pacific Disposable Plates Market, by Product Type (2021-2029) 7.2. Asia Pacific Disposable Plates Market, by Design (2021-2029) 7.3. Asia Pacific Disposable Plates Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Disposable Plates Market (2021-2029) 8.1. The Middle East and Africa Disposable Plates Market, by Product Type (2021-2029) 8.2. The Middle East and Africa Disposable Plates Market, by Design (2021-2029) 8.3. The Middle East and Africa Disposable Plates Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Disposable Plates Market (2021-2029) 9.1. Latin America Disposable Plates Market, by Product Type (2021-2029) 9.2. Latin America Disposable Plates Market, by Design (2021-2029) 9.3. Latin America Disposable Plates Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Vegware Ltd (UK) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Genpak LLC (US) 10.3. Polar Plastic Ltd (US) 10.4. Be Green Packaging LLC (US) 10.5. Duni AB (Sweden) 10.6. Ckf Inc (Canada) 10.7. Dopla Spa (Italy) 10.8. Fast Plast A/S (Denmark) 10.9. Huhtamaki Oyj (Finland) 10.10. Georgia-Pacific LLC (US) 10.11. Poppies Europe Ltd (UK) 10.12. NUPIK - FLO U.K. Ltd (UK) 10.13. HOSTI GmbH (Germany) 10.14. Seow Khim Polythelene Co Pvt Ltd (Singapore) 10.15. Jinhua Lansin Commodity Co., Ltd (China)

About This Report

Report ID 147886
Category Consumer Goods & Services
Published Date Jan 2023
Updated Date
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