Global Plastic and Paper Plate Market Set for Rapid Growth by 2024

Global Plastic and Paper Plate Market: Overview

In order to serve food to a huge amount of people disposable plastic and paper plates are used and hygiene levels are also retained. In various food serving industries such as restaurants, fast food retailers, food joints, etc. the plastic and paper plates are widely used. The manufacturers of the plastic plate are taking efforts to supply eco-friendly or paper made plates to eliminate the problem of disposing of the plastics.

Global Plastic and Paper Plate Market: Segmentation

The market for the plastic and paper plate is globally fragmented into types of materials, and use, and regions. On the basis of material type, the global market is segregated into plastic, polyethylene terephthalate, low-density polyethylene, polypropylene, and high-density polyethylene. The plastics segment is further sub-segregated into molded fiber, paper and paperboard, and plastic. On the basis of end use, the market is categorized into restaurants, birthday parties and other occasions, theaters, food retail outlets, and others. Based on the geographical regions, the market is diversified into North America, Asia Pacific, Eastern Europe, the Middle East & Africa, Western Europe, and Latin America.

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Global Plastic and Paper Plate Market: Growth Factors

The plastic and paper plates are produced by the manufacturers of food packaging. The food packaging industry holds a good market share. Paper and plastic are available in large quantities and have low cost, thus increasing the demand for the plastic and paper plates. The change in the lifestyle of the people in the developing regions owing to the adoption of the western culture anticipates increasing the consumption of ready to eat snacks and services of on the go food have influenced the plastic and paper plate market. However, the availability of the alternatives such as the trays for serving the food limits the growth of the plastic and paper plate market.

Global Plastic and Paper Plate Market: Regional Analysis

The increase in the food servicing industry in North America is the major factor that is driving the plastic and paper plate market. The market growth in the Western Europe is also good due to the change in the lifestyle of the people. The plastic and paper plate market will grow at a moderate rate in the Eastern Europe in the coming years. As Latin America and Asia Pacific regions are densely populated regions the market is expected to grow at a rapid rate. In the Middle East and Africa, the market share for plastic and paper plate is small but is slowly growing.

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Global Plastic and Paper Plate Market: Competitive Players

The key market players that are involved in the plastic and paper plate market include Ningbo Yinzhou Realpack Products Co., Ltd., Eco-Products, Inc., Solia SA, CKF Inc., Guangdong Huasheng Meto Green Tech Stock Limited, Yiwu Green Paper Work Factory, Biopac India Corporation Limited, Ecoware Solutions Pvt. Ltd., Sabert Corporation, Huhtamaki Group, Hangzhou Lvyang Paper Products Co., Ltd., and Xiamen Bioleader Environmental Protection Technology Co., Ltd.

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