Global Paper Pulp Disposable Tableware Market By Product (Plates, Cups, Bowls, Trays, Others), Customer (Household, Commercial, Corporate Offices & Breakrooms), Distribution Channel (Offline, Online), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Paper Pulp Disposable Tableware Market
Global paper pulp disposable tableware market is set to witness a substantial CAGR of 5.75% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising usage of paper pulp disposable table for commercial purposes and increasing sales through company based website will also enhance the market growth.
Market Definition: Global Paper Pulp Disposable Tableware Market
Paper pulp for disposable tableware is obtained from locally available agricultural compounds. Some of the common paper pulp disposable tableware are cups, bowl, trays, plates and other. They are widely used because they are environment friendly and are biodegradable in nature. Cornstarch, bagasse, bamboo and other are some of the common products which are used for the production of these products.
- Increasing demand for sustainable products will accelerate the market growth
- Rising environment awareness among population also acts as a market driver in the forecast period
- Growing demand from conferences, meetings and office parties is another factor boosting this market growth
- Rising environmental policies will also positively impact the growth of this market
- High cost of the product will hamper the market growth
- Corn starch tableware are not suitable dining suitable for dining restaurants; this factor will also restrict the growth of this market
Segmentation: Global Paper Pulp Disposable Tableware Market
- Parties & Catering
- Corporate Offices & Breakrooms
By Distribution Channel
- North America
- Rest of Europe
- South Korea
- New Zealand
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In May 2019, Hoffmaster Group Inc announced the acquisition of The Paper Straw Co. which will help the company to enhance their paper straw business. With this acquisition, the company is planning to strengthen their position in the European market and will offer durable paper straws
- In August 2018, Hoffmaster Group, Inc announced the acquisition Aardvark Straws. This will help the company to meet the rising demand for the paper straws in the market and this will also help the company to strengthen their position in the foodservice market
Global paper pulp disposable tableware market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of paper pulp disposable tableware market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global paper pulp disposable tableware market are Biotrem; BOLLANT INDUSTRIES PVT LTD.; DOpla S.p.A.; Ecoware; Georgia-Pacific.; HUHTAMAKI GROUP; Pappco Greenware; Reynolds Consumer Products; Schon Ultrawares Pvt. Ltd.; Shrayati.com; SOLIA; vegware; Yash Papers Limited; Happiness Moon Co., Ltd; ZH MOULDED PULP CO., LTD.; Paardekooper Group; Kap Cones; Natural Tableware; CKF Inc.; among others.
Research Methodology: Global Paper Pulp Disposable Tableware Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Competitive analysis of key competitors involved in the market
- Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
- Market drivers and restraints analysis along with the analysis of the market structure