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The disposable plates market size is forecast to increase by USD 1.18 billion, at a CAGR of 4.83% between 2024 and 2028. The disposable plates market is experiencing robust growth, driven primarily by the strategically expanding quick-service restaurant (QSR) sector. QSRs are implementing growth initiatives, such as offering more convenient and portable meal options, to cater to the increasing demand for on-the-go dining. Additionally, rising consumer awareness regarding hygiene and convenience has fueled the preference for disposable plates over reusable ones. This trend is particularly prominent in developing economies, where the growth of QSRs is outpacing that of traditional dining establishments. The disposable plates market is poised for continued expansion, as consumers increasingly value the convenience and health benefits associated with disposable tableware.
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The plastic segment faces shifting dynamics in the household sector amid global changes like the Coronavirus pandemic, fueling demand for biodegradable plates and sustainable food packaging solutions. This trend reflects the Westernization of fast food consumption habits and the rise of takeaway food chains, foodservice delivery apps, and small commercial eateries. Events, roadside vendors, and the food delivery industry cater to Millennials and patrons of restaurants, hotels, and other commercial places with customized disposable plates. Industry sources and manufacturing businesses drive product innovations in response to urbanization and changing consumer lifestyles, emphasizing sustainability and hygiene. While single-use and disposable items meet convenience needs, concerns about their environmental impact underscore a shift towards biodegradability and sustainable practices. Balancing these driving and restraint factors is crucial for the future of traditional tableware and sustainable packaging solutions in the market.
Key Market Driver
The robust growth of quick-service restaurants (QSRs) is one of the key factors driving the global disposable plates market growth. The disposable plates market is expected to double in size during the forecast period due to the booming QSR industry worldwide. China is the major contributor to the disposable plates market share in APAC in terms of value and will maintain its lead during the forecast period due to the high penetration of fast-food restaurants and the increasing adoption of online food delivery platforms. Emerging economies are likely to record significant growth in the disposable plates market due to the high penetration of the QSR industry. The growth of the disposable plates market is driven by the growing preference for fast food among Generations X, Y, and Z globally. QSRs and fast-food restaurants have become the main end-users of disposable plates, which is expected to boost their sales during the forecast period.
Key Market Trend
The growing concerns over sustainability will fuel the global disposable plates market growth. Environmental sustainability is one of the main concerns of all major packaging product manufacturing companies. The need to reduce pollution and carbon emissions has led manufacturers and companies to focus on developing sustainable, recyclable, and biodegradable packaging. Companies are focusing on innovative methods to develop packaging materials that are recyclable and moisture- and heat-resistant. The paper industry uses recycled paper to make specialty paper to reduce the dependence on wood pulp. Paper packaging products are more sustainable than other forms of packaging because they emit less carbon dioxide and consume less energy in the manufacturing process. Therefore, with the increased focus on sustainability, the global disposable plates market is expected to witness significant growth during the forecast period.
Key Market Challenge
The lack of quality and high costs of raw materials are the major challenges to the global disposable plates market growth. During the forecast period, the price of wood pulp is anticipated to increase globally at an average rate of 1.8% each year. The high demand for wood pulp from emerging markets, such as those in Asia, Africa, and the Middle East, is the major reason for the rise in the prices of disposable plates. Paper pulp manufacturers are under a lot of pressure as they cannot keep up with the demand from paper manufacturers due to the increasing demand for wood pulp and the diminishing availability of forest resources. Due to the 1.8% annual increase in pulp prices, manufacturers must incur high procurement costs when purchasing wood pulp. Most disposable plate producers borrow money or deduct it from their operational expenses to cover the high costs. Thus, the fluctuating cost of raw materials may hinder the disposable plates market growth during the forecast period.
The 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 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, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Be Green Packaging - The company offers disposable plates such as disposable plates with sizes of 6 inches, 9 inches, and 10 inches.
The market research and growth report also 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 market 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 offline segments is estimated to witness significant growth during the forecast period. The offline segment of the global disposable plates market includes supermarkets, hypermarkets, convenience stores, discount stores, and takeout stores. Supermarkets and hypermarkets are popular distribution channels for the disposable plates market.
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The offline segment accounted for USD 2.91 billion in 2018 and showed a gradual increase during the forecast period. The sales of disposable plates are on the rise due to the expansion of organized retail. Indeed, all product categories are available under one roof, which is not possible in small stores. Hypermarkets and supermarkets offer discounts and free items when consumers purchase items above a certain quantity, which increases sales of disposable plates through these channels. Specialty stores have a smaller capacity than hypermarkets and supermarkets, but it offers a wide range of products from different categories under one roof. Thus, the offline segment is expected to witness growth during the forecast period.
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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. APAC was the largest market for disposable plates in 2023. The growing number of e-commerce businesses in developing economies, including China and India, is driving the disposable plates market in the region. The large population of countries in this region acts as a driving force for the regional market. The demand for disposable plates in APAC is mainly driven by the established restaurant industry in the region.
Moreover, due to the busy and sedentary lifestyles of the majority of the population, APAC is experiencing steady growth in fast food consumption. The on-the-go consumption of food culture creates a demand for disposable plates in the quick-service restaurant industry. Increasing consumer awareness of hygiene and sanitation has replaced traditional plastic plates with biodegradable disposable plates, which is also one of the reasons driving the growth of the disposable plates market in the region during the forecast period. Growing QSRs in APAC are expected to boost the growth of the regional disposable plates market during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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The fast-food consumption trend continues to shape the foodservice industry, particularly with the widespread adoption of food delivery apps by Millennial consumers. This demographic's preference for convenience has propelled the growth of the fast-food industry, influencing sales channels and operational strategies in hotels and restaurants. Key driving factors include heightened environmental concerns and a focus on hygiene and safety, prompting innovations in sturdiness and durability of packaging materials. There is a notable shift towards biodegradable and compostable materials, aligning with consumer demand for sustainable options. In response to these trending factors, the market sees a rise in customized and themed disposable plates that emphasize both aesthetics and practicality. Emphasis on hygiene and safety remains paramount, influencing product development and consumer choices in the foodservice sector. As businesses adapt to these evolving preferences, integrating sustainable practices and enhancing product offerings will be critical for long-term success.
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 1.18 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.37 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 46% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Be Green Packaging, Boardlink, BOLLANT Industries Pvt. Ltd, CKF Inc., Conservia Ecocraft India Pvt. Ltd., D and W Fine Pack, Dart Container Corp., DOpla Spa, Duni AB, Fast Plast A/S, Genpak LLC, Green Twigs UK Ltd., HOSTI GmbH, Hotpack Packaging LLC, Huhtamaki Oyj, Koch Industries Inc., Pactiv Evergreen Inc., Poppies Europe Ltd., Reynolds Consumer Products, and Vegware Ltd. |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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
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