The plastic tableware market can project growth at a sluggish rate of 2.98% from 2020 to 2027, reveals Market Research Future (MRFR). By the end of 2027, MRFR expects the market size to touch USD 9,323.2 Million.
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Growth Boosters and Challenges:
The foodservice industry’s efforts to cater to every demand of the customer and offer their best service has been favourable for the plastic tableware market. The tableware products are available in several materials including ceramic, plastic, and others, which are deployed in the setting up of the table for serving food and dining.
Plastic Tableware Market has widespread use in the food serving sector due to its numerous benefits. The heightened demand for food services in line with proper dining worldwide helps uplift the market demand. Consumers are increasingly opting for serving experience at a quality dining table along with the best food service as well as ambiance. This helps enhance the market demand in the food-serving sector.
The major non-star and star hotels, cafés, restaurants, and other foodservice centers further elevate the growth rate of the plastic tableware industry. These food-service establishments boost the business growth while the mounting number of new food service centers worldwide create business opportunities for the leading brands. The surge in several resorts, hotels, and various food centers will ensure that the worldwide market continues on a relentless growth trajectory between 2020 and 2027.
With the mounting concerns with regard to hygiene and sanitary dining, the foodservice centers are inclining towards plastic tableware. The service center is expected to always maintain a highly hygienic condition, which can only be ensured with the use of plastic tableware that are easy to clean and wipe. Even consumers’ surging inclination towards convenience services can accelerate the growth of the plastic tableware market.
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The plastic tableware market is divided into types and distribution channels.
The types of plastic tableware are bowls, plates, cups & glasses, cutlery, and more. These are the different dishware in which a variety of food is served and help enhance the dining experience. These are mostly utilized in restaurants, hotels, residences, and cafes to serve food. Plastic bowls have high heat resistance capacity and are therefore perfect for serving both cold and hot food. As a result, this segment will capture a substantial share in the worldwide market in the following years.
Top distribution channels are store-based as well as non-store-based. The store-based channels are convenience stores, supermarkets & hypermarkets, and more. The store-based channels are the top segment in the market owing to their wide preference among consumers. However, the non-store-based channels could achieve the highest growth rate in the ensuing years, given the strong growth of the e-commerce sector worldwide.
Asia Pacific heads the entire global market and could also capture the highest growth rate in the approaching years, thanks to the constant launches of new products by the leading brands. The rising spending on plastic tableware and the fast emergence of retail sectors offering a wide range of plastic tableware adds considerably to the business growth. numerous distribution channels including e-commerce platforms, direct selling and departmental stores are emerging rapidly in the region, which enhances the sales of plastic tableware. Companies in the region are adopting different distribution channels to bolster their consumer reach and boost the customer base. Surging middle-class populace and the emerging nations in the region also elevate the market position.
The North American market benefits from the rapidly rising number of outdoor social gatherings as well as occasions, which create a huge demand for plastic glasses, bowls, and cutlery. This is the reason why manufacturers are creating tableware especially for use in social settings. Outdoor social events including weddings, community gatherings, and club meetings create significant demand for a variety of plastic tableware.
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Dart Container Corporation (US), Genpak LLC (US), Solia USA (US), Dopla Spa (Italy), Huhtamaki Group (Finland), Georgia-Pacific LLC (US), AmerCare (US), Lollicup USA (US), Libbey Inc. (US), American Greetings Corporation (US), are the top plastic tableware producers in the worldwide market.
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