Plastic Tableware Market

As per Market Research Future Analysis, the Plastic Tableware Market is anticipated to reach USD 9.323 Billion by 2030, growing at a CAGR of 2.98% from 2022 to 2030. The growth is primarily driven by the foodservice industry's demand for quality dining experiences, with plastic tableware being favored for its convenience and hygiene. The market faced challenges during the COVID-19 pandemic due to lockdowns affecting foodservice operations. However, the recovery is supported by the expansion of restaurants and hotels globally, alongside increasing consumer preference for sanitary dining options. Environmental concerns regarding plastic pollution pose a restraint, yet opportunities arise from the growth of new food service centers. The market is segmented by type into plates, bowls, cutlery, cups & glasses, and others, and by distribution channel into store-based and non-store-based segments, with store-based dominating the market.

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), Genpak LLC (US)

• According to the news, Hong Kong’s Environmental Protection Department has launched a public consultation of two months on the ongoing Scheme on Regulation of Disposable Plastic Tableware.
• Australia’s supermarket Coles has removed the single-use plastic tableware and replaced it with sustainable alternatives.
• According to the recent updates, the US region is boosting the imports of kitchenware and plastic tableware.

Report Overview

The report's overview shows the development of the Plastic tableware market across the world. The effective role of key market drivers and the widespread marketing opportunities is propelling the market's growth rate. The key players check the other growth hampering factors to run the business smoothly. The awareness of plastic pollution and a plastic-free environment affected the Plastic tableware market. But the replacement of biodegradable plastics further lifted the market to regain its growth rate. The COVID-19 challenging situation was a tough period for the Plastic tableware market, but the strategies implemented by the key players helped the market restore its growth rate.

The various segments of the market reach the highest CAGR because of the largest share value in the market. The regional report shows the development of the Plastic tableware market Forecast in various regions with the key growth drivers of the regions. If its growth consistency continues, the market is estimated to witness a good CAGR during the review period.