Paper Pulp Disposable Tableware Market to Reach a Valuation of ~ US$ 975 Mn by 2027: Transparency Market Research
Paper Pulp Disposable Tableware Market: Introduction
Transparency Market Research delivers key insights on the global paper pulp disposable tableware market. In terms of revenue, the global paper pulp disposable tableware market is anticipated to expand at a CAGR of ~ 6% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the paper pulp disposable tableware market report.
Paper pulp disposable tableware is 100% natural and biodegradable in nature. These are made of agriculture waste such as bagasse, wheat straw, and rice husk. Bagasse is the most commonly used raw material to produce eco-friendly disposable tableware. Manufacturing companies were engaged in the production of a wide range of disposable tableware, which includes plates, bowls, cups, and cutleries. However, the governments of various countries banning the usage of plastic is anticipated to be a major driving factor for the growth of paper pulp disposable tableware during the forecast period.
In this market report, TMR proposes that, in the product segment, plates are estimated to be the most widely used product by the end of 2027, in the paper pulp disposable tableware market. The primary reason for the rise in the demand for plates in the near future is because plates are majorly used at household parties, wedding ceremonies, events, etc., across the globe. Rapid increase in the usage of paper pulp disposable tableware for commercial purposes, majorly in hotels, restaurants, parties & catering, events, etc., is expected to be a major driving factor of the paper pulp disposable tableware market. In addition, the sale of paper pulp disposable tableware through company-owned websites and various e-Commerce portals around the world is anticipated to further drive the growth of the paper pulp disposable tableware market.
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However, the offline channel still has a major impact on the distribution of paper pulp disposable tableware. Prominent global manufacturers have set up in-house distribution channels across various continents. Some manufacturers have tied up with third-party logistic companies for the distribution of products.
Paper Pulp Disposable Tableware Market: Prominent Regions
Asia Pacific is projected to exhibit prominent growth in the paper pulp disposable tableware market in the near future, due to the increase in awareness among people about paper pulp disposable tableware. China is the biggest manufacturing base of eco-friendly disposable tableware made from agricultural waste, in the world. Chinese manufacturers produce paper pulp disposable tableware on a very large scale, and export these to various countries in North America and Europe. Strict rules and regulations imposed against the usage of single-use plastic and plastic-based products in countries such as Australia, New Zealand, and India are anticipated to drive the paper pulp disposable tableware market during the forecast period. In North America and Europe, the rise in the usage of paper pulp disposable tableware during parties, outings, events, and social gatherings plays a significant role in driving the sales of paper pulp disposable tableware. The U.S, Canada, U.K., and Germany extensively use paper cups and paper straws. The markets in MEA and South America are expected to grow at moderate rates in the near future, due to favorable initiatives taken by the governments of several countries in these regions, such as conducting awareness campaigns and drives.
Major brands are likely to focus on research & development activities to strengthen their footprint in the global paper pulp disposable tableware market. Companies are engaging in mergers & acquisitions and joint ventures with local brands to expand their product portfolio. Manufacturers in emerging economies are focusing on reducing their cost of production and increasing profitability for sustainable growth of their businesses.
Paper Pulp Disposable Tableware Market: Key Players
Prominent companies operating in the global paper pulp disposable tableware market include Ecoware Solutions Pvt Ltd., Huhtamaki Group, DUNI AB, Schon Ultrawares Pvt. Ltd., Pappco Greenware, Bollant Industries Pvt Ltd., Reynolds Consumer Products, Yash Papers Limited, Biotrem, Georgia-Pacific, Nanofiber Tech., Inc., DOPLA S.P.A., Shrayati Ecosatkaar LLP, Vegware, and Visfortec (Earthware).
Global Paper Pulp Disposable Tableware Market: Segmentation
Paper Pulp Disposable Tableware Market by Product
Paper Pulp Disposable Tableware Market by Customer
- Parties & Catering
- Corporate Offices & Breakrooms
Paper Pulp Disposable Tableware Market by Distribution Channel
Paper Pulp Disposable Tableware Market by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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