Global Disposable Plates Market to Grow at 5.9% CAGR through 2027, North America Largest Market

The global disposable plates market is likely to grow at CAGR of 5.9% through 2027, according to a new research report added to the repository of Market Research Reports Search Engine (MRRSE). The report is titled “Disposable Plates Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)” and offers holistic analysis and insights on the disposable plates market.

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The research report offers comprehensive analysis on the drivers, restraints, opportunities and threats in this market. According to the report, demand for plastic disposable plates will continue to remain highest among all the product types. Even though plastics are facing regulatory pressures from governments in various countries, low price and easy availability continue to fuel adoption. The report projects the plastic plate segment to grow at 5.7% CAGR and reach US$ 4 Bn by 2027.

Considering the regulatory approval in various countries, manufacturers are focusing on developing alternatives to plastic disposable plates. Focus on bio-degradable disposable plates is growing among consumers which is likely to influence manufacturers to broaden their portfolio. It is highly likely that manufacturers will continue to invest in sustainable and environment friendly products to improve their brand reputation.

The report offers segment wise analysis on the basis of product type, design, sales channel and region. By design, the demand for plain disposable plastics is the highest, however preference for compartment disposable plates is also growing steadily. By sales channel, B2B continues to be the dominant channel and is likely to reach nearly US $ 5 Bn in revenues by the end of forecast period.

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The report also offers analysis on the basis of region. North America and Asia Pacific Excluding Japan are among the leading markets for disposable plates globally. The demand for disposable plates in Asia Pacific is more towards plain design whereas compartment design is gaining popularity in North America. Europe is also likely to support the growth of the market during the assessment period.

The report profiles some of the leading players operating in the market. Some of these players are Dart Container Corporation, Georgia-Pacific LLC, Seow Khim Polythelene Co Pte Ltd.,Pactiv Llc, Huhtamaki Oyj, D&W Fine Pack Llc, Hotpack Group, Jinhua Lansin Commodity Co., Ltd, Poppies Europe Ltd., HOSTI GmbH, NUPIK – FLO U.K. Ltd., Fast Plast A/S, Dopla Spa, Ckf Inc., Duni AB, Polar Plastic Ltd., Genpak Llc and Vegware Ltd.

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This release was published on openPR.