Many people across the world currently avoid use of tableware manufactured using petroleum-based plastic. The key reason behind this shift is the growing concerns about the non-biodegradability of these plastics. This shift has opened new avenues for the growth of the global paper pulp disposable tableware market. Wide range of global population is inclined toward the use of fiber or paper pulp-based disposable alternatives due to their environment-friendly nature. This is pushing the global paper pulp disposable tableware market.
Changing lifestyles and economic growth in the emerging economies of the world has led to increase in demand for paper pulp disposable tableware among various end users. Environmental awareness in these regions is another key reason spurring the demand for these products. A research report from Transparency Market Research (TMR) offer detailed analysis of opportunities and growth trends in the paper pulp disposable tableware market. It states that the market will demonstrate promising growth at a CAGR of ~6% during the forecast period of 2019– 2027.
Rising Inclination to Use Disposable Tableware Pushing Demand
Use of paper pulp disposable tableware offers diverse advantages. While these tableware offer superior convenience, they are biodegradable in nature, which makes them suitable for use in context of environment. This feature is helping in the growth of the global paper pulp disposable tableware market. Key ingredients used in manufacturing of this tableware are agricultural produce such as cornstarch, bagasse, bamboo, and sugarcane. These residues are easily available in local area at lower costs. In addition, this local availability of raw material helps them in avoiding transportation costs. All these benefits push vendors in the global paper pulp disposable tableware market for the use of agricultural produce for the manufacturing of disposable tableware.
The global paper pulp disposable tableware market is fragmented in nature. Presence of significant number of regional and global players in it signifies that there is high level of competition in the market. Huhtamaki Group, Ecoware Solutions Pvt Ltd, Schon Ultrawares Pvt. Ltd., DUNI AB, Bollant Industries Pvt Ltd., Pappco Greenware, Yash Papers Limited, Reynolds Consumer Products, Georgia-Pacific, Biotrem, DOPLA S.P.A., Nanofiber Tech., Inc., and Shrayati Ecosatkaar LLP are major players in the global paper pulp disposable tableware market.
Growing Initiatives from Many Countries to Ban Plastic Products Driving Market Growth
Many counties have banned the use of single-use plastics and plastic-based products. They have implemented strict regulations to stop the use of plastics. This move is supporting the growth of the global disposable tableware market. Canada, the U.S., China, the U.K, Germany, Bangladesh, Australia are some of the countries who have imposed stringent regulations on plastic usage. This is pushing major population from these regions to use biodegradable products, thereby driving the global paper pulp disposable tableware market.
There are various types of disposable tableware available in the market. Bowls, plates, trays, platters, and lunch boxes are some examples of paper pulp disposable tableware from which end-users can choose. Increased inclination toward use of this tableware in household is stimulating the growth of the global of paper pulp disposable tableware market.
Increased use of paper pulp disposable tableware in commercial premises such as restaurants and hotels is pushing the demand. Medium-sized restaurants and small eateries are hugely dependent on disposable tableware due to the convenience they offer. Similarly, this tableware is inexpensive as compared to other tableware options, which makes them more suitable for small food vendors. This drives the paper pulp disposable tableware market.
Moreover, paper pulp disposable tableware is majorly used in various occasions such as parties and catering. Besides, handiness of this tableware is supporting use in offices and breakrooms. All these factors are growing the demand for this tableware, thereby helping in the growth of the global paper pulp disposable tableware market.
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