Description
Global Plastic Tableware Market Research Report—Forecast till 2026
Market Overview
The Global Plastic Tableware Market is expected to register a CAGR of 2.98% to surpass USD 9,323.2 Million during the forecast period. Plastic tableware is commonly used glasses, and ceramics used in setting the table, serving food, and dining. The fast-food sector is the largest consumer of plastic tableware because they are more cost-effective than any other disposable tableware. The restaurants, cafés, bars, caterings, and hotels registered the important share of the plastic tableware market. Moreover, the growing consumption of mocktails and cocktails at social gatherings, corporate conferences, and concerts is surging the plastic tableware in the catering industry.
The global plastic tableware market is anticipated to exhibit a significant expansion during the review period owing to the rising foodservice industry across the globe. However, the inclination of consumers towards user-friendly and convenient products is fuelling the growth of the market in the future. However, the restriction on plastic use in several countries is expected to hinder the sales of plastic tableware during the review period. Further, the shifting consumer preference towards biodegradable plastics is anticipated to create profitable opportunities for the major manufacturers of plastic tableware.
Market Segmentation
Global Plastic Tableware Market has been categorized by Type and distribution channel. Based on type segment the global market has been classified into Plates, Bowls, Cutlery, Cups & Glasses, and Others.
Based on the distribution channel, the global plastic tableware market has been bifurcated into store-based and non-store-based. The store-based segment is further bifurcated into supermarkets & hypermarkets, convenience stores, and others.
The segment is expected to lead the global market to USD 8,019.6 million during the forecast period. The non-store-based segment is expected to exhibit the highest CAGR of 3.76% during the study.
Regional Analysis
Geographically, the Global Plastic Tableware Market has been spread across North America, Europe, Asia-Pacific, and the Rest of the World.
Asia-Pacific is evaluated to contribute the largest of the plastic tableware market to register a CAGR of 3.39%, owing to the 37.01% share of the global market in 2019. The regional market is driven by the expanding organized retail sector in the developing economies, presence of several local and regional players. Additionally, the increasing product launches with growing investments in plastic tableware products are expected to propel the growth of the market during the forecast period.
Key Players
The key players in the global plastic tableware market include 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).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.