Market Overview
Global Plastic Tableware Market is projected to be valued at USD 9,323.2 Million by 2026, expanding at a CAGR of 2.98% during the forecast period. Tableware products are the dishes or dishware used for setting the table, serving food, and dining. They come in several materials, such as plastic, glass, and ceramic. The growth of the foodservice industry and high consumer preference for convenience products are the major factors driving the growth of the plastic tableware market. The growth of the organized retail sector in Asia-Pacific is further boosting the market growth. The growing trend of using customized plastic tableware and the shifting inclination towards the use of biodegradable plastics is expected to create lucrative opportunities for the vendors active in the global market. However, the ban on plastic use in various countries is restricting the growth of the global plastic tableware market.
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Competitive Landscape
Market Research Future recognizes Libbey Inc. (US), Lollicup USA (US), American Greetings Corporation (US), AmerCare (US), Dopla Spa (Italy), Huhtamaki Group (Finland), Solia USA (US), Dart Container Corporation (US), Georgia-Pacific LLC (US), and Genpak LLC (US) as the Key Players in the Global Plastic Tableware Market.
Market Segmentation
By type, the market has been divided into plates, bowls, cutlery, cups & glasses, and others. The plates segment accounted for the maximum market share in 2019, whereas the bowls segment is expected to register the highest CAGR of 3.20% during the forecast period. Plastic bowls are made using material that can resist high pressure and heat and thus are suitable for both cold and hot food. They can be used to serve anything, including salad, cereal, appetizers, soups, sauces, and others. The availability of plastic bowls in different shapes and colors is resulting in their increased sales.
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Regional Analysis
Geographically, the global plastic tableware market has been categorized as North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Asia-Pacific dominated the market, accounting for the largest share in 2019. The Asia-Pacific plastic tableware market is projected to register a CAGR of 3.39% during the forecast period.
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