U.S. markets closed
  • S&P Futures

    3,689.00
    +19.00 (+0.52%)
     
  • Dow Futures

    29,487.00
    +144.00 (+0.49%)
     
  • Nasdaq Futures

    11,387.50
    +71.25 (+0.63%)
     
  • Russell 2000 Futures

    1,673.50
    +11.00 (+0.66%)
     
  • Crude Oil

    76.91
    +0.20 (+0.26%)
     
  • Gold

    1,636.20
    +2.80 (+0.17%)
     
  • Silver

    18.46
    -0.02 (-0.11%)
     
  • EUR/USD

    0.9638
    +0.0026 (+0.27%)
     
  • 10-Yr Bond

    3.8780
    +0.1810 (+4.90%)
     
  • Vix

    32.26
    +2.34 (+7.82%)
     
  • GBP/USD

    1.0770
    +0.0087 (+0.82%)
     
  • USD/JPY

    144.3820
    -0.2980 (-0.21%)
     
  • BTC-USD

    19,274.97
    +400.01 (+2.12%)
     
  • CMC Crypto 200

    443.06
    +9.96 (+2.30%)
     
  • FTSE 100

    7,020.95
    +2.35 (+0.03%)
     
  • Nikkei 225

    26,607.74
    +176.19 (+0.67%)
     

Eco-friendly Paper Plates Market is set to reach a valuation of US$ 1.1 Bn in 2022 | Future Market Insights, Inc.

·7 min read

The U.S. eco-friendly paper plates market is projected to create an absolute $ opportunity of US$ 69.1 Mn during 2022-2032, finds FMI. Demand for eco-friendly paper plates is increasing at a fast pace in the country owing to the rapid expansion of the food and beverage industry.

NEWARK, Del., Sept. 5, 2022 /PRNewswire/ -- As per FMI, the global eco-friendly paper plates market size is set to reach a valuation of US$ 1.8 Bn by 2032 and exhibit growth at a CAGR of 4.3% from 2022-2032. The market is anticipated to be valued at US$ 1.1 Bn in 2022.

FMI_Logo
FMI_Logo

Due to shifting lifestyles and rising disposable income, especially in developed countries, demand for takeout or ready-to-eat meals is rising. Demand for single-use paper plates and food service disposables is also growing as a result of corporate work cultures that encourage eating out very often. Rising consumer preference for affordable and convenient food services is anticipated to drive the global market.

Consumer consumption habits in the food and beverage industry have undergone a significant dynamic transformation. As a result, there is a fierce competition among food service providers on all platforms for food delivery, which would create profitable prospects for companies that provide single-use paper plates and disposable packaging & cutlery for food items. For instance, Wolt, a Finland-based company that is known for its delivery platform for food, expanded its networks across Croatia, Norway, the Czech Republic, Hungary, Poland, and other countries.

Request a Sample PDF@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15532

Eco-friendly paper plates are also extensively used by restaurants providing home delivery services as these are highly flexible for carrying various food items. It would further lead to a rapid inclination of consumers towards sustainable paper plates from conventional options available in the market like metal or plastic plates.

Key Takeaways from Eco-friendly Paper Plates Market

  • By size, the less than 8 inches segment is projected to account for 49% of the global market share by the end of 2022.

  • Based on end use, the commercial segment is projected to register a CAGR of 4.9% during 2022-2032.

  • Europe and East Asia are collectively estimated to hold around 45% of the market share by the end of 2032.

  • The U.S. eco-friendly paper plates market is projected to create an absolute $ opportunity of US$ 69.1 Mn during 2022-2032.

  • The Germany eco-friendly paper plates market is anticipated to grow 1.4 times the current market value during the forecast period.

"Surging demand for convenient and environmentally friendly packaging solutions in the food and food service industries is anticipated to augment sales of eco-friendly paper plates. Also, increasing need for cost-effective and high-quality packaging solutions is anticipated to create new growth opportunities for key manufacturers of eco-friendly paper plates," says a FMI analyst.

Launch of Unique Compostable Paper Plates to Drive the Global Market

Innovation is crucial as it helps companies to strengthen their positions in the market, thereby creating better opportunities and connections with their customers. There is a high scope of opportunity for innovation in the eco-friendly paper plates market. Rising demand for excellent quality food service products is anticipated to aid growth.

Request Brochure @ https://www.futuremarketinsights.com/reports/brochure/rep-gb-15532

Use of paper plates rather than plastic plates can help overcome various limitations of plastics and expand the eco-friendly paper plates market. Eco-friendly paper plate manufacturing companies are investing in R&D and continuously introducing new products to cater to changing customer demand. Huhtamaki Fresh, for instance, launched an eco-friendly food plate and tray, which are microwaveable and a green solution for consumers. Product enhancement is important for companies since it improves the attractiveness of their products and help to attract more customers.

Oy Mini-Maid AB also produced paper plates that are recyclable, compostable, and biodegradable in nature. Thus, ongoing innovations in the field of eco-friendly paper plates will attract the attention of more consumers and bolster sales in the global market.

Competitive Landscape: Eco-friendly Paper Plates Market

Huhtamaki Oyj, Graphic Packaging International, LLC, Pactiv LLC., Dart Container Corporation, Oy Mini-Maid Ab, HOSTI GmbH, Itterra A.S., Natural Tableware, Duni Group Global, Gafbros Ltd., Dinearth Eco Friendly Tableware, and Pappco Greenware are some of the key players operating in the eco-friendly paper plates market. As per FMI, tier 1 players hold about  15-20% of the global eco-friendly paper plates market share.

Get More Insights on Eco-friendly Paper Plates Market

Future Market Insights, in its new report, offers an unbiased analysis of the global eco-friendly paper plates market, analyzing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the eco-friendly paper plates market based on size (less than 8 inches, 8 inches to 12 inches, and more than 12 inches), product type (partition and plain), sales channel (business to business (B2B) and business to consumer (B2C))  and end use (commercial, institutional and household) across seven regions.

Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-15532

Eco-friendly Paper Plates Market Outlook by Category

By Size:

  • Less than 8 inches

  • 8 inches to 12 inches

  • More than 12 inches

By Product Type:

  • Partition

  • Plain

By Sales Channel:

  • Business to Business (B2B)

  • Business to Consumer (B2C)

By End Use:

  • Commercial

  • Institutional

  • Household

Table of Content

1. Executive Summary

  1.1. Global Market Outlook

  1.2. Demand-side Trends

  1.3. Supply-side Trends

  1.4. Size Roadmap Analysis

  1.5. Analysis and Recommendations

2. Market Overview

  2.1. Market Coverage / Taxonomy

  2.2. Market Definition / Scope / Limitations

3. Market Background

  3.1. Market Dynamics

      3.1.1. Drivers

      3.1.2. Restraints

      3.1.3. Opportunity

      3.1.4. Trends

  3.2. Impact of Covid-19

      3.2.1. Demand in Optimistic Scenario

      3.2.2. Demand in Likely Scenario

      3.2.3. Demand in Conservative Scenario

  3.3. Macro Factors and Forecast Factors

  3.4. Value Chain Analysis

      3.4.1. Profit Margin Analysis

      3.4.2. Raw Material Suppliers

      3.4.3. Manufacturers, Wholesalers and Distributors

      3.4.4. End Use Industries/ Customers

  3.5. Regional Parent Market Outlook

  3.6. Production and Consumption Statistics

  3.7. Global Average Pricing Analysis Benchmark

TOC continued..!

Have a Look at Packaging Domain Related Research Reports:

Machine Glazed Kraft Paper Market Size : The global machine glazed kraft paper market is estimated at US$ 9.3 Bn in 2022 and is projected to reach US$ 14.5 Bn by 2030, at a CAGR of 6% from 2022 to 2030.

Flexible Packaging Paper Market Trends : The flexible packaging paper market is on track to grow at an estimated CAGR of 4% during 2022-2032.

Drone Delivery Services Market Outlook : The global drone delivery services market is anticipated to be valued at US$ 322.2 Million in 2022. During the forecast period ranging from 2022-2032

Rice Paper Stand Up Pouch Market Growth : The rice paper stand-up pouch market is estimated at US$ 56.5 Billion in 2022 and secure a value of US$ 101.2 Billion 2032 while expanding at a CAGR of 6% during the forecast period.

Kraft Paper Machine Market Forecast : The kraft paper machine mainly consists of three sectional systems namely forming section, press section, drying section and lastly the calendar section.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:
Future Market Insights, Inc.  
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA  
T: +1-845-579-5705  
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports

Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/eco-friendly-paper-plates-market-is-set-to-reach-a-valuation-of-us-1-1-bn-in-2022--future-market-insights-inc-301617730.html

SOURCE Future Market Insights