Disposable plates market is anticipated to grow at a CAGR of 5.5% during the forecast period. The demand for disposable plates is improving due to their high biodegradability and sustainable packaging outlook. Rising consumer awareness towards environmentally friendly compostable tableware is further driving the disposable plates market during the forecast period. Key players are launching environmentally friendly tableware to cater to the demand. For instance, in November 2022, Mobi Ecoware launched biodegradable plates and environmentally friendly compostable tableware for all occasions. The plates can be decomposed in just 45 days and are made from 100% bagasse, the sugarcane pulp left over from sugar production. The plates can support up to 2.5 pounds in one hand. The plates are also resistant to grease, oil, and water, as well as safe for use in the microwave and freezer. Moreover, the plates are marked safe for food contact by the Food and Drug Administration (FDA) and the United States Department of Agriculture (USDA) bio-preffered certified.
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More, the key players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions to stay competitive in the market. For instance, in September 2021, Huhtamäki Oyj, a Finnish consumer packaging company whose production includes food packaging, disposable containers, and others acquired Elif Holding A.?. (Elif), a supplier of sustainable flexible packaging to global FMCG brand owners. The acquisition of Elif will help Huhtamaki progress toward reaching its sustainability ambitions and product expansions. Additionally, the acquisition aims to expand its footprints in Turkey and Egypt markets.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Disposable Plates Market by Product Type
- Plastic Plates
- Aluminum
- Paper
Global Disposable Plates Market by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Be Green Packaging LLC
- Ckf Inc.
- D&W Fine Pack Llc
- Dart Container Corp.
- DOpla S.p.A.
- Duni AB
- Genpak LLC
- Georgia-Pacific LLC
- HOSTI GmbH
- Hotpack Packaging Industries LLC
- Huhtamaki Oyj
- International Paper
- Jinhua Lansin Commodity Co., Ltd.
- Pactiv Llc
- Polar Plastic Co. Ltd.
- Poppies Europe Ltd.
- Seow Khim Polythelene Co. Pte Ltd.
- Vegware Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global disposable plates market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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