Global Paper Pulp Disposable Tableware Market to Reach Valuation of US$ 960.7 Mn by 2027: Industry Probe

January 16, 2020, Domain: Consumer Goods & Retail

According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Paper Pulp Disposable Tableware Market (Product Type: Cups, Plates, Bowls, Clamshell, Trays, and Others; Raw Material: Bagasse, Wheat Straw, and Bamboo; Customer Type: Household and Commercial [Hotel, Restaurant, Catering, and Corporate Office & Breakroom]; and Distribution Channel: Online and Offline [Direct Sales and Indirect Sales]) – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027’ the global paper pulp disposable tableware market is expected to expand at a CAGR of 5.6% from 2019 to 2027 and reach US$ 960.7 Mn by 2027.

Overview

  • The eco-friendly tableware industry is expanding rapidly across the world as a large number of people are using biodegradable tableware on special occasions. Growth in foodservice industry, and food packaging and processing industry is an encouraging factor for manufacturers of paper pulp disposable tableware.

  • Growing concern regarding environmental degradation and awareness about eco-friendly products are expected to drive the market

Driving Factors

  • Excessive usage of plastic is going to be a threat to the environment or ecosystem. Several countries have come to the conclusion that it is an alarming situation for our planet. Most of them have passed resolutions as per their norms in order to ban the usage of plastic in manufacturing products and bags. Countries such as France, the U.K., Canada, etc., will ban single-use plastics by the year 2020. Enforcement of laws in various countries across the region against the plastic ban is projected to drive the market of eco-friendly disposable tableware in the near future.

  • The total number of QSR franchises rose to 190,649 from 187,368, a gain of 1.8% from 2016 to 2017. Quick service restaurants (QSRs) are restaurants that serve food and drink products, which require minimal preparation time. The market is expected to be driven by high demand for ready-to-drink beverages in quick-service restaurants.

  • Currently, the recycling facilities in Europe are not sufficient to process all the wastes generated from the disposal of plastic and paper disposables. As a result, the government is promoting the use of completely biodegradable alternatives as a waste management strategy and to reduce the costs related to disposal and recycling. The European Parliament has voted to ban single-use plastic cutlery, cotton buds, straws, and stirrers as part of a sweeping law against plastic waste that despoils beaches and pollutes oceans. Every year, Europeans generate 25 metric tons of plastic waste, but less than 30% is collected for recycling. More than 80% of marine litter is plastic. All these factors are expected to increase the demand for paper pulp disposable tableware market in the region during the forecast period.

Key Challenges

  • In several countries across the world, other raw materials such as plastic disposable dinnerware are still considered as an alternative. Around 8 million metric tons of plastic enter the world’s oceans. This makes a clear picture that plastic waste is not getting recycled completely. Plastic-based dinnerware or tableware such as disposable glasses, plates, straws, stirrers, spoons, forks, etc., is still sold in the market. This is due to the fact that plastic products are reasonably cheaper as compared to other eco-friendly disposable tableware such as paper-pulp. Spreading awareness against the use of plastic among individuals across the world is the biggest challenge for eco-friendly disposable tableware manufacturers.

Market Preference

  • The Asia Pacific is projected to exhibit prominent growth in the paper pulp disposable tableware market in the near future, due to an increase in awareness among people about paper pulp disposable tableware. China is the biggest manufacturing base of eco-friendly disposable tableware made of agricultural waste in the world. Chinese manufacturers produce paper pulp disposable tableware on a very large scale and export these to various countries of North America and Europe. Strict rules & regulations imposed against the usage of single-use plastic and plastic-based products in countries such as Australia, New Zealand and India are anticipated to drive the paper pulp disposable tableware market during the forecast period.

  • Europe dominates the paper pulp disposable tableware market. Countries such as France, Germany, the U.K. being the leaders in the European market. Countries in this region are applying strict rules & regulations against the usage of plastic is one of the significant reasons for the growth of paper pulp disposable market in the forecast timeline.

  • The markets in MEA and South America are expected to grow at a moderate rate in the near future due to favorable initiatives taken by the government of several countries in the regions such as conducting awareness campaigns and drives

Competition Landscape

  • The global paper pulp disposable tableware market is dominated by several players who are focused on the development of new products to cater to changing consumer preferences

  • The report includes the below-mentioned pointers of major players operating in the global paper pulp disposable tableware market:

    • Company Overview

    • Product Profiling

    • Market Share Analysis (2018)

    • Business Strategies/Recent Developments

      • Technological advancements

      • Key Mergers & acquisitions

      • Expansion strategies

    • Company Financials

Major Players Covered under the Scope:

  • Huhtamaki Group

  • SOLIA

  • Biotrem

  • Hoffmaster Group, Inc

  • DUNI AB

  • Reynolds Consumer Products

  • Papstar GmbH

  • Georgia-Pacific

  • Minimaid

  • Eco-Products, Inc.

Market Segmentation/Research Scope

Paper Pulp Disposable Tableware Market – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027

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