Disposable Plates Market by Distribution channel and Geography - Forecast and Analysis 2022-2026

The disposable plates market share is expected to increase by USD 1.1 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.75%.

This disposable plates market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the disposable plates market segmentation by distribution channel (offline and online) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The disposable plates market report also offers information on several market vendors, including Be Green Packaging, Boardlink, BOLLANT Industries Pvt. Ltd, CKF Inc., Conservia Ecocraft India Pvt. Ltd., D&W Fine Pack LLC, 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 Product Inc., and Vegware Ltd. among others.

What will the Disposable Plates Market Size be During the Forecast Period?

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Disposable Plates Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global disposable plates market.

Key Disposable Plates 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 Disposable Plates 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 Disposable Plates 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.

This disposable plates market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global disposable plates market as a part of the global metal and glass containers market within the overall global containers and packaging market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the disposable plates market during the forecast period.

Who are the Major Disposable Plates Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Be Green Packaging
• Boardlink
• BOLLANT Industries Pvt. Ltd
• CKF Inc.
• Conservia Ecocraft India Pvt. Ltd.
• D&W Fine Pack LLC
• 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 Product Inc.
• Vegware Ltd.

 

This statistical study of the disposable plates market encompasses successful business strategies deployed by the key vendors. The disposable plates market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• begreenpackaging.com -  The company offers disposable plates such as disposable plates with sizes of 6 inches, 9 inches, and 10 inches.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The disposable plates market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Disposable Plates Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the disposable plates market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The value chain of the global containers and packaging market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Disposable Plates Market?

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37% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the disposable plates market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The robust growth of quick-service restaurants (QSRs) will facilitate the disposable plates market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The COVID-19 pandemic that broke out in 2020 had a negative impact on the packaging industry in the region. China is one of the major countries where packaging product manufacturing companies have their production bases. The closure of factories in APAC countries following the outbreak of COVID-19 and the introduction of stringent containment measures led to a reduction in packaging supplies across the world in 2020. Governments in the region implemented mandatory self-isolation rules that resulted in equipment shortages and event cancellations. Due to disruptions in manufacturing activities, companies planned to shift their supply chains from China. However, in the first half of 2021, several countries across the region stepped up their vaccination programs. Therefore, the disposable plates market in APAC is expected to witness growth during the forecast period.

What are the Revenue-generating Distribution Channel Segments in the Disposable Plates Market?

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The disposable plates market share growth in the offline segment will be significant 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. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the disposable plates market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Disposable Plates Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.75%
Market growth 2022-2026	$1.1 billion
Market structure	Fragmented
YoY growth (%)	3.67
Regional analysis	APAC, North America, Europe, South America, and the Middle East and Africa
Performing market contribution	APAC at 37%
Key consumer countries	US, China, India, Germany, and UK
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Be Green Packaging, Boardlink, BOLLANT Industries Pvt. Ltd, CKF Inc., Conservia Ecocraft India Pvt. Ltd., D&W Fine Pack LLC, 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 Product Inc., and Vegware Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Disposable Plates Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive disposable plates market growth during the next five years
• Precise estimation of the disposable plates market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the disposable plates industry across APAC, North America, Europe, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of disposable plates market vendors

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