What is the future of Disposable Plates Market? Know Covid Impact on Size, Share & Forecasts

The Disposable Plates Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over 7.4% during the forecast period.

AUG 16,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Disposable Plates Market.

The Disposable Plates Market is projected to grow from USD xx million in 2020 to USD xx million by 2026 at a CAGR of over 7.4% during the forecast period.

Disposable plates are mainly designed for a single-use after which it is either recycled or is disposed of as solid waste. These are made up of plastic, paper, aluminum, among others, and finds usage across buffets, receptions, buffets, appetizers, holiday meals, organic restaurants, retirement parties, and business events.

Market Dynamics

Rising demand for ready-to-go food coupled with rising purchasing power is majorly supporting the market growth.

  • The growing number of home delivery and online food service platforms are further proliferating the product demand.

  • In addition, the growing awareness regarding sanitation & hygiene, rising organized retail sector, and changing customer preferences are promulgating product consumption.

  • However, stringent regulations pertaining to the increasing environmental concern such as emissions of harmful gases from disposal plates, from the breakdown in landfills, or incineration of plates are likely to hinder the market growth.

Segments' Analysis

Product Trends

Based on product, the global disposable plates market has been classified into plastic plates, aluminum, paper, and others.

  • Among these, the plastic plates segment accounted for the highest market share in 2020 and is likely to register a steady CAGR during the review period.

  • This is mainly attributed to cost-effective nature as well as easy production and availability of plastic plates, thereby results in segment growth.

  • The plastic plates are further segmented into foam, PP, PET, PE, and PLA and used for different applications.

Regional Trends

By region, the North American market witnessed the highest market share in 2020 and is projected to grow at a robust CAGR during the review period.

  • This can be ascribed to increasing preference towards the disposable plates due to their low cost and saves time as these plates are directly dumped and not washed, unlike other traditional plates.

  • Moreover, the surging demand for disposable plates from delivery food chains, hospitals, restaurants, and the commercial sector, further boosts the regional growth.

Key Players:               

  • Be Green Packaging LLC (The U.S),

  • Ckf Inc (Canada),

  • D&W Fine Pack Llc (The U.S),

  • Dart Container Corporation (The U.S),

  • Dopla Spa (Italy),

  • Duni AB (Sweden),

  • Fast Plast A/S (Denmark),

  • Genpak Llc (The U.S),

  • Georgia-Pacific LLC (The U.S),

  •  HOSTI GmbH (Germany).

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Disposable Plates Market analysis report discusses the following heads in great detail:

·         Market structure: Overview, industry life cycle analysis, supply chain analysis

·         COVID-19 Impact Assessment

·         Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis

·         Market trend and forecast analysis

·         Market segment trend and forecast

·         Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.

·         Attractive market segments and associated growth opportunities

·         Emerging trends

·         Strategic growth opportunities for the existing and new players

·         Key success factors