Asia-Pacific constituted for a dominant share of the plastic tableware market in 2019 owing to the expansion of the construction industry. The expansion of the real estate sector is expected to propel the growth of the plastic tableware market in India. According to the India Brand Equity Foundation (IBEF), the real estate sector in the country is projected to be valued at USD 1 trillion by 2030 from USD 120 billion in 2017 and contribute to 13% of the country’s GDP by 2025.
Market Research Future recognizes 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), and Genpak LLC (US) as the Key Players in the Global Plastic Tableware Market.
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By type, the market has been divided into plates, bowls, cutlery, cups & glasses, and others. The plates segment accounted for the maximum market share in 2019, whereas the bowls segment is expected to register the highest CAGR of 3.20% during the forecast period. Plastic bowls are made using material that can resist high pressure and heat and thus are suitable for both cold and hot food. They can be used to serve anything, including salad, cereal, appetizers, soups, sauces, and others. The availability of plastic bowls in different shapes and colors is resulting in their increased sales.
Based on distribution channel, the global plastic tableware market has been classified as store-based and non-store-based. The store-based segment is further divided into supermarkets & hypermarkets, convenience stores, and others. The store-based segment accounted for a dominant share of the market in 2019 in terms of value. The segment has been further divided into supermarkets and hypermarkets, convenience stores, and others. The supermarkets and hypermarkets sub-segment is expected to be the largest as these channels account for the maximum sales of plastic tableware. Key manufacturers of plastic tableware emphasize on promotional activities at different brick and mortar stores to increase product visibility and reach, resulting in the growth of the segment.
Geographically, the global plastic tableware market has been categorized as North America, Europe, Asia-Pacific, and the Rest of the World. As per MRFR analysis, Asia-Pacific dominated the market, accounting for the largest share in 2019. The Asia-Pacific plastic tableware market is projected to register a CAGR of 3.39% during the forecast period.
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