Enjoy complimentary customisation on priority with our Enterprise License!
The disposable plates market size is forecast to increase by USD 1.18 billion at a CAGR of 4.83% between 2023 and 2028.
The disposable plates industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The offline segment is estimated to witness significant growth during the forecast period. The market encompasses various segments, including plastic and biodegradable plates, catering to diverse sectors such as household, fast food consumption, and the foodservice industry. The plastic segment dominates the market due to its affordability and convenience. However, the shift towards sustainable practices and environmental concerns is driving the demand for biodegradable plates. The household sector is a significant consumer of disposable plates, particularly In the Western world and urban areas, where convenience and fast-food consumption are prevalent. The coronavirus pandemic has further fueled the demand for disposable plates In the foodservice industry, including takeaway food chains, small commercial eateries, events, and roadside companies.
Biodegradable plates, a sustainable packaging alternative, are gaining popularity among millennial consumers and the food delivery industry. Manufacturing businesses are innovating to meet the increasing demand for customized disposable plates. The convenience and changing consumer lifestyles are the primary driving factors, while environmental impact and sturdiness and durability are the restraint factors. The trend towards sustainable practices and biodegradability is expected to continue shaping the market.
Get a glance at the market report of various segments Request Free Sample
The Offline segment was valued at USD 2.92 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 46% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
For more insights on the market size of various regions, Request Free Sample
The market In the Asia Pacific (APAC) region is currently the largest market due to the increasing number of e-commerce businesses and a large population base. The established restaurant industry in APAC, coupled with the region's growing fast food consumption, fuels the demand for disposable plates. The on-the-go food culture in APAC, particularly in countries like China and India, is a significant trend driving the quick-service restaurant industry and, consequently, the demand for disposable plates. The household sector, including small commercial eateries, events, roadside companies, and takeaway food chains, also contributes to the market growth. The foodservice industry, including restaurants, hotels, and food delivery apps, is a major sales channel.
Product innovations, urbanization, changing consumer lifestyles, and sustainability are key trends shaping the market. Millennial consumers and the fast-food industry's increasing focus on sustainable packaging are also driving factors. However, environmental concerns and the need for sturdiness and durability are restraint factors. The manufacturing businesses In the food delivery industry are expected to be significant players In the market.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Product innovations in biodegradability and customized disposable plates are expected to continue shaping the market landscape. The food delivery industry, particularly fast-food consumption, is a significant sales channel for disposable plates. Overall, the market is poised for continued growth, driven by the fast-food industry, commercial places, and the need for convenience and sustainability.
The food delivery industry, including foodservice delivery apps, is also a significant market driver. Manufacturing businesses are innovating to create customized disposable plates that cater to various commercial places, such as restaurants, hotels, and events. Despite these opportunities, the market faces challenges due to the need for biodegradable plates to maintain sturdiness and durability while ensuring affordability. Overall, the market is expected to continue growing as companies prioritize sustainable practices and convenience in response to evolving consumer demands.
The Food delivery industry, including Food delivery apps, is also contributing to the growth of the market. The increasing Urbanization trend and Changing consumer lifestyles are further fueling the demand for disposable plates. However, the market faces restraints due to Environmental concerns, such as the impact of disposable plates on the Environment. The need for Sustainability and Sustainable practices is becoming increasingly important, leading to the development of Sturdiness and durability in disposable plates. Trending factors include the growing importance of Convenience and the increasing popularity of Biodegradable plates made from renewable resources. The market is expected to continue growing, driven by these factors.
The disposable plates market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the disposable plates market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, disposable plates market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Be Green Packaging - The market encompasses a range of sizes, including 6-inch, 9-inch, and 10-inch options. These disposable plates cater to various food serving needs, providing a practical and convenient alternative to reusable tableware. The versatility and disposability of these plates make them a popular choice for numerous applications, from casual gatherings to large-scale events. The company's extensive selection of disposable plates offers consumers a reliable and cost-effective solution for their tableware needs.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The disposables market encompasses a broad spectrum of products used in various sectors, with the household sector being a significant consumer of disposable plates. This market exhibits dynamic trends, influenced by numerous factors. One of the key drivers propelling the growth of the disposables market is the increasing adoption of convenience in modern lifestyles. The foodservice industry, including takeaway food chains and small commercial eateries, has been a major contributor to the demand for disposable plates. The rise of food delivery apps and the convenience they offer have further fueled the market's expansion. Moreover, urbanization and Westernization have led to an increase in fast-food consumption, which in turn has boosted the demand for disposable plates.
The food packaging industry has also played a pivotal role In the market's growth, as disposable plates offer a cost-effective and convenient solution for foodservice establishments. However, environmental concerns have emerged as a significant restraint factor for the disposables market. The growing awareness of the environmental impact of disposable plates, particularly those made of plastic, has led to a shift towards sustainable practices. Biodegradable plates made from renewable resources have gained popularity as a more eco-friendly alternative. The millennial generation, known for their preference for sustainable practices and customization, has also influenced the market dynamics. Manufacturing businesses have responded by introducing customized disposable plates to cater to this demographic.
The sales channel for disposable plates is diverse, with the foodservice industry and manufacturing businesses being the primary distributors. The food delivery industry and roadside companies also contribute significantly to the market's growth. Product innovations, such as biodegradable and sustainable packaging solutions, have emerged as trending factors In the disposables market. The sturdiness and durability of disposable plates remain essential considerations, as they must meet the demands of the foodservice industry while maintaining affordability and convenience. The hygiene and safety aspects of disposable plates are crucial factors, particularly In the context of the coronavirus pandemic. The need for disposable plates to ensure the safety of consumers and foodservice workers has highlighted their importance In the industry.
In conclusion, the disposables market is influenced by various factors, including changing consumer lifestyles, environmental concerns, sustainability, convenience, and urbanization. The market dynamics are shaped by the foodservice industry, food delivery apps, and manufacturing businesses, among others. Biodegradable plates and sustainable practices are emerging as key trends In the market, as the industry responds to evolving consumer preferences and environmental concerns.
|
Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
133 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.83% |
|
Market growth 2024-2028 |
USD 1183.5 million |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
4.37 |
|
Key countries |
US, China, India, Germany, and UK |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this disposable plates market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
