Plastic Tableware Market Highlights

Plastic Tableware Market is projected to be valued at USD 9,323.2 Million by 2030, expanding at a CAGR of 2.98% during the forecast period. Tableware products are the dishes or dishware used for setting the table, serving food, and dining. They come in several materials, such as plastic, glass, and ceramic. The growth of the foodservice industry and high consumer preference for convenience products are the major factors driving the growth of the plastic tableware market. The growth of the organized retail sector in Asia-Pacific is further boosting the market growth. The growing trend of using customized plastic tableware and the shifting inclination towards the use of biodegradable plastics is expected to create lucrative opportunities for the vendors active in the global market. However, the ban on plastic use in various countries is restricting the growth of the global plastic tableware market.

𝗧𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗣𝗿𝗶𝗰𝗲𝗱 𝗮𝘁 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝘁𝗼 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗦𝗮𝗺𝗽𝗹𝗲: https://www.marketresearchfuture.com/sample_request/10361

Asia-Pacific constituted for a dominant share of the plastic tableware market in 2019 owing to the expansion of the construction industry. The expansion of the real estate sector is expected to propel the growth of the plastic tableware market in India. According to the India Brand Equity Foundation (IBEF), the real estate sector in the country is projected to be valued at USD 1 trillion by 2030 from USD 120 billion in 2019 and contribute to 13% of the country’s GDP by 2025. The growth of the residential sector in the region and the increasing number of immigrants in the US and Canada are also boosting the sale of plastic tableware in these countries as they are affordable and durable. Additionally, online retailing is gaining traction in North America, especially in the US. Online stores are becoming the fastest-growing distribution channel in the US. These factors are expected to drive the growth of the plastic tableware market in North America during the forecast period.

Market Research Future recognizes : Libbey Inc. (US), Lollicup USA (US), American Greetings Corporation (US), AmerCare (US), Dopla Spa (Italy), Huhtamaki Group (Finland), Solia USA (US), Dart Container Corporation (US), Georgia-Pacific LLC (US), and Genpak LLC (US) as the Key Players in the Global Plastic Tableware Market.

Segmental Analysis

Global Plastic Tableware Market has been segmented on the basis of Type, Distribution Channel, and Region.

By type, the market has been divided into plates, bowls, cutlery, cups & glasses, and others. The plates segment accounted for the maximum market share in 2019, whereas the bowls segment is expected to register the highest CAGR of 3.20% during the forecast period.

Based on distribution channel, the global plastic tableware market has been classified as store-based and non-store-based. The store-based segment is further divided into supermarkets & hypermarkets, convenience stores, and others.

Regional Analysis

Geographically, the global plastic tableware market has been categorized as North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Asia-Pacific dominated the market, accounting for the largest share in 2019. The Asia-Pacific plastic tableware market is projected to register a CAGR of 3.39% during the forecast period.

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