About Paper Tableware
Paper tableware, a product that can be disposable or single-use products usually provided in fast-food restaurants, airlines, catering services, outdoor events etc. These products are available at very low cost in the market across the world. The paper tableware is gaining popularity in consumers who prefer easy and quick cleanup after parties. In recent years, biodegradable material-based paper tableware has become easily available in disposable tableware market and is gaining much traction, owing to its myriad benefits.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.9% |
The key players in the global paper tableware market are adopting marketing strategies such as mergers and acquisitions and product expansions to maximize their business reach and enhance their market position. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Paper Tableware market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dongguan City Lvheng Paper (China), Huhtamaki Group (Finland), Dart Container Corporation (United States), Solia USA (United States), TrueChoicePack Corp. (United States), CKF Inc. (Canada), Letica Corporation (United States), International Paper (United States), Hefty (United States), Lollicup USA, Inc. (United States), Taizhou Fuling Plastics (China), Zhejiang Kingsun Eco-pack Co. Ltd (China) and Shenling Environmentally Friendly Packing Materials (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are HGHY PULP MOLDING PACK CO., LTD. (China), Shandong Haiyun Ecological Paper (China), Qingdao Wonderful Paper Products (China), Jinhua Zhongsheng Fiber Products (China) and Yantai Xingda Paper Pulp Products (China).
Segmentation Overview
AMA Research has segmented the market of Global Paper Tableware market by Type (Bowl, Plate, Cup and Other (Fork, Spoon, etc)), Application (Food Service Outlets (HoReCa), Institutional Food Services (Cinemas, School & Offices, Airline & Railway Catering, etc), Online Food Ordering and Others) and Region.
On the basis of geography, the market of Paper Tableware has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Sales Channel, the sub-segment i.e. Speciality Store will boost the Paper Tableware market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth in the Adoption of Biodegradable Paper Tableware across the World
Market Growth Drivers:
Increasing Adoption of Plant-Based Raw Materials and Growing Awareness and Increasing Disposable Income of People, Especially Developing Nations
Challenges:
Storage of Food in Paper Tableware for Longer Time may Harm the Health of the Consumers and Stringent Government Rules and Regulations about Environmental Safety
Restraints:
Availability of Various Disposable Tableware Products
Opportunities:
The consistently growing outdoor social gathering and occasions are offering massive demand for the paper tableware, propelling the market players in paper tableware market to create various products specially designed for outdoor activities. Of late, the burgeoning camping trend, which is followed by the millennial population is offering a lucrative opportunity in the growth of the paper tableware market.
Market Leaders and their expansionary development strategies
In 2021, Huhtamaki acquired Elif, a major flexible packaging supplier to FMCG brand owners. The acquisition of Elif will help Huhtamaki progress towards reaching its sustainability ambitions and product expansions.
In June 2023, Amcor a global leader in developing and producing responsible packaging solutions, has announced the expansion of its AmFiber™ Performance Paper packaging range in Europe to include heat seal sachets for dry culinary and beverage applications, such as instant coffee, drink powders, spices, seasonings, and dried soups. Source: https://www.marketresearchfuture.com/reports/europe-paper-packaging-for-tableware-market-18888
Key Target Audience
Paper Tableware Manufacturers, Distributors, Research Professionals, Raw Material Suppliers/ Buyers, Government Body & Associations, End-user and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.