The disposable plates market is expected to expand its roots at an average CAGR of 6.2% during the forecast period. The market is likely to hold a revenue of USD 5.12 billion in 2023 while it is anticipated to cross a value of USD 9.35 billion by 2033.
The disposable plates market saw lucrative growth in 2023. A new forecast by FMI estimates that the market is likely to create an incremental opportunity of USD 4.23 billion during the forecasted period.
The disposable plates market revenue totaled USD 4.5 billion for 2021, according to FMI. The overall market is likely to expand 1.3x the current market value by the end of 2027.
In terms of product type, the plastic segment held the leading market share of 62% in 2022 in the global market. In terms of design, the plain design segment is likely to expand 1.3x by 2027. North America and the Asia Pacific are estimated to hold around a half portion of the global market by the end of 2027.
Household is the sector that has shown a high demand for disposable plates during the pandemic as disposable plates help from the avoidance of the spread of coronavirus. Consumer awareness regarding health has encouraged them to adopt disposable tableware amid the pandemic.
Many manufacturers are making innovations to attract new consumers and influence them to opt for biodegradable plates. On a broader level, the demand for disposable plates has been an upsurge in the past few years.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 6.2% |
| Market Size (2023) | USD 5.12 billion |
| Market Size (2033) | USD 9.35 billion |
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Disposable plates are single-serving food plates that can be recycled and disposed of once used. These plates are used conveniently for serving eatables during any event. Disposable plates are made prominently from plastic, aluminum, paper, and other non-conventional materials. The rising influence of Westernization and increasing fast food consumption in developing regions is escalating the demand for disposable plates for packaged foods.
The future demand for disposable plates is improving due to their high biodegradability and sustainable packaging outlook and their increasing applications in food packaging. Furthermore, the need for disposable plates is estimated to rise as their adoption is consistently increasing in takeaway food chains, fast-food consumption, small commercial eateries, events, and even roadside vendors.
The global market foresees an incremental opportunity of USD 1.6 billion in the next five years. The market is probable to grow at a CAGR of 5.9% over the forecasted period compared to its growth of 5.4% during its historical period.
The global disposable plates market is driven by the demand generated by the foodservice industry. The disposable plates are used mainly for serving and packaging eatables in the foodservice industry. The foodservice disposables market is witnessing impressive growth and is projected to grow substantially in the coming years.
Increasing foodservice delivery apps for home delivery and takeaways from restaurants and hotels for convenient eating have boosted the demand for disposable plates in the market. Furthermore, the rise in demand for on-the-go food by millennials has aided the growth of the market.
Many manufacturers are offering customized disposable plates as per the requirements of the restaurants. The foodservice outlets are estimated to account for ½ of the total sales channel of the market share in 2022.
Principal Consultant
| Countries | Revenue Share % (2022) |
|---|---|
| United States | 25.7% |
| Germany | 3.5% |
| Japan | 3.1% |
| Australia | 2.0% |
| North America | 28.9% |
| Europe | 27.0 |
| Countries | CAGR % (2023 to 2033) |
|---|---|
| China | 6.3% |
| India | 8.6% |
| United Kingdom | 4.5% |
Innovative Usage of Bio-degradable Material, Government Restrictions on Plastic Usage, and Restored Food and Beverages Sectors aid the Regional Growth
The United States is one of the lucrative markets for disposable plates and is expected to hold a substantial market share by value of the North American disposable plates market. The United States disposable plates market is also likely to create an incremental opportunity of USD 370 million by the end of 2027.
The demand for disposable plates in the United States is primarily driven by the well-established foodservice industry in the country. Owing to the hectic and sedentary lifestyle of the majority of the population, the United States is witnessing steady growth in fast food consumption.
Thus, the on-the-go consumption of food culture is generating demand for disposable plates in the foodservice industry. Rising awareness among consumers regarding hygiene and sanitation has superseded the traditional reusable plates with disposables is also giving thrust to the market growth.
| Category | By Product Type |
|---|---|
| Leading Segment | Plastic Plates |
| Market Share (2022) | 61.9% |
| Category | By Sales Channel |
|---|---|
| Leading Segment | B2B |
| Market Share (2022) | 77.6% |
The disposable plastic plates are likely to lead the market by product type over the forecast period of 2023 to 2033. The disposable plastics plates are estimated to account for 61.9% of the market by product type and are also likely to expand 1.3x by 2027.
The disposable plastic plates are made prominently from Foam, Polyethylene, Polylactic acid, Polypropylene, Polyethylene Terephthalate, and Polyhydroxyalkanoates. The features such as low cost, durability, strength, and easy manufacturing give an edge to disposable plastic plates over other materials. With innovations in manufacturing, some manufacturers are offering customized plastic plates according to the requirements of the restaurants.
The market in the Asia Pacific is likely to unfold 1.4x and is expected to create an incremental opportunity of USD 485 million by the end of 2027, driven by the flourishing foodservice industry in the region.
China is the lead contributor in the regional market share and would retain its leading position over the forecast period due to the high penetration of fast-food restaurants and the increasing adoption of online food delivery services. India is likely to register a substantial growth rate in the regional market with its high penetration of the foodservice industry
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The key players in the global market are adopting marketing strategies such as mergers and acquisitions and product expansions to maximize their business reach and enhance their market position.
Market Developments
The market is valued at USD 5.12 billion in 2023.
The market is projected to expand at a 6.2% CAGR through 2033.
High demand from the food industry is driving market growth.
From 2018 to 2022, the market expanded at a 5.4% CAGR.
Plastic plates are the key product type.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Plastic Plates 5.1.1. Expanded Polystyrene (Foam) 5.1.2. Polypropylene (PP) 5.1.3. Polyethylene Terephthalate (PET) 5.1.4. Polyethylene (PE) 5.1.5. Polylactic Acid (PLA) 5.1.6. Polyhydroxyalkanoates (PHA) 5.2. Aluminum 5.3. Paper 5.3.1. Laminated 5.3.2. Non Laminates 5.3.3. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Design 6.1. Compartmental 6.2. Plain 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 7.1. B2B 7.1.1. Food Service Outlets 7.1.2. Educational Institutes 7.1.3. Corporate Offices 7.1.4. Healthcare Facilities 7.2. B2C 7.2.1. Online 7.2.2. Supermarket 7.2.3. Hypermarket 7.2.4. Convenience Stores 7.2.5. Mom & Pop Stores 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Vegware Ltd 16.2. Genpak LLC 16.3. Polar Plastic Ltd 16.4. Be Green Packaging LLC 16.5. Duni AB 16.6. Ckf Inc 16.7. Dopla Spa 16.8. Fast Plast A/S 16.9. Huhtamaki Oyj 16.10. Georgia-Pacific LLC 16.11. Poppies Europe Ltd 16.12. NUPIK - FLO U.K. Ltd 16.13. HOSTI GmbH 16.14. Seow Khim Polythelene Co Pvt Ltd 16.15. Jinhua Lansin Commodity Co., Ltd 17. Assumptions & Acronyms Used 18. Research Methodology
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Disposable Plates Market
