Disposable plates market is anticipated to grow at a CAGR of 5.5% during the forecast period. The demand for disposable plates is improving due to their high biodegradability and sustainable packaging outlook. Rising consumer awareness towards environmentally friendly compostable tableware is further driving the disposable plates market during the forecast period. Key players are launching environmentally friendly tableware to cater to the demand. For instance, in November 2022, Mobi Ecoware launched biodegradable plates and environmentally friendly compostable tableware for all occasions. The plates can be decomposed in just 45 days and are made from 100% bagasse, the sugarcane pulp left over from sugar production. The plates can support up to 2.5 pounds in one hand. The plates are also resistant to grease, oil, and water, as well as safe for use in the microwave and freezer. Moreover, the plates are marked safe for food contact by the Food and Drug Administration (FDA) and the United States Department of Agriculture (USDA) bio-preffered certified. 

More, the key players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions to stay competitive in the market. For instance, in September 2021, Huhtamäki Oyj, a Finnish consumer packaging company whose production includes food packaging, disposable containers, and others acquired Elif Holding A.?. (Elif), a supplier of sustainable flexible packaging to global FMCG brand owners. The acquisition of Elif will help Huhtamaki progress toward reaching its sustainability ambitions and product expansions. Additionally, the acquisition aims to expand its footprints in Turkey and Egypt markets. 

Segmental Outlook 

The global disposable plates market is segmented based on the product type, and distribution channel. Based on the product type, the market is segmented into plastic plates, aluminum, and paper. Based on the distribution channel, the market is further sub-segmented into supermarkets and hypermarkets, convenience stores, and online retail. Among these, the plastic plates segment is expected to hold a considerable share of the market due to the changing customers' requirements and lifestyles. Moreover, the disposable plastic plates are made prominently from Foam, Polyethylene, Polylactic acid, Polypropylene, Polyethylene Terephthalate, and Polyhydroxyalkanoates. The features such as low cost, durability, strength, and easy manufacturing give an edge to disposable plastic plates. 

Among distribution channels, the online retail segment is expected to hold a prominent share of the disposable plates market over the forecast period. The adoption of disposable plates is consistently increasing in takeaway food chains, fast-food consumption, small commercial eateries, events, and even roadside vendors, thus increasing the sales of disposable plates through the online retail channel, as it is easy to order online which saves time. 

Regional Outlooks

The global disposable plates market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, the Asia-Pacific is expected to hold a considerable share of the disposable plates market during the forecast period, owing to the high penetration of fast-food restaurants and the increasing adoption of online food delivery services in the region.

Global Disposable Plates Market Growth, by Region 2022-2028

North America is Expected to Hold a Significant Share in the Global Disposable Plates Market

Among all regions, North America is expected to hold a significant market share during the forecast period. The strong presence of disposable plates market players such as Reynolds Consumer Products LLC, D&W Fine Pack Llc, and others in the region is accelerating the growth of the disposable plates market. The key players are involved in launching new products in the market to stay competitive. For instance, in July 2022, Reynolds Consumer Products LLC brand Hefty launched compostable printed paper plates and bowls that are compostable and made with 98% plant-based materials. The products are microwave safe and soak-resistant and are available in different sizes including 6" plates, 8.6" plates, and 10" plates. 

Market Players Outlook

The major companies serving the global disposable plates market include Be Green Packaging LLC, Ckf Inc., D&W Fine Pack Llc, Dart Container Corp., DOpla S.p.A., Duni AB, Genpak LLC, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2021, International Paper, a producer of renewable fiber-based packaging, pulp, and paper products acquired two cutting-edge corrugated box operations in Spain, further growing its footprints in Madrid and Catalonia. Additionally, the company offers high-quality packaging solutions in the industrial, fresh fruit and vegetable, and e-commerce segments.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global disposable plates market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.