According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Paper Pulp Disposable Tableware Market (Product Type: Cups, Plates, Bowls, Clamshell, Trays, and Others; Raw Material: Bagasse, Wheat Straw, and Bamboo; Customer Type: Household and Commercial [Hotel, Restaurant, Catering, and Corporate Office & Breakroom]; and Distribution Channel: Online and Offline [Direct Sales and Indirect Sales]) – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027’ the Global Paper Pulp Disposable Tableware Market is expected to expand at a CAGR of 5.6% from 2019 to 2027
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The Paper Pulp Disposable Tableware Market is expected to expand at a CAGR of ~5.6% from 2019 to 2027 and was valued at US$ 960.7 Million in 2018. With the rise in awareness about the use of using biodegradable and eco-friendly tableware, there is a rapid growth in the market of the disposable product during this period. Other factors driving an uplift in this segment include increasing consumer spending capacities, rising disposable incomes, increasing knowledge about the environment, and related trends. One of the major factors is the rising popularity of Paper Pulp Disposable Tableware Market products which has a decisive impact on growth. Furthermore, the rapid innovation in the products and technology has accelerated the products globally. Market players are focusing on the adoption of business strategies such as product development and expanding the distribution channel which is expected to increase the demand across the globe.
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Due to the non-degradable properties of plastic, it is considered to be a fulmination to the environment. Major countries have announced regulations as per their norms to ban the usage of plastic in manufacturing products and bags. These concerning factors can help to propel the market of eco-friendly disposable tableware in the coming period. Currently, the recycling plants in Europe are insufficient to process all the wastes generated from the disposal of plastic. Thus, the government is encouraging the use of biodegradable dilemmas as a waste management policy and to reduce the costs related to disposal and recycling. Moreover, the rapid growth in quick service restaurants which mostly are need for disposables can benefit a gradual market growth for paper disposables. However, there is a need for spreading awareness against the use of cheaper plastic among individuals across the world which can be a big challenge for eco-friendly disposable tableware manufacturers.
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The report includes the below-mentioned pointers of major players operating in the Paper Pulp Disposable Tableware Market:
Market Share Analysis (2018)
Business Strategies / Recent Developments
Key mergers and acquisitions
Key companies profiled in the Paper Pulp Disposable Tableware Market research report include Huhtamaki Group, Reynolds Consumer Products, SOLIA, Papstar GmbH, Biotrem, Georgia-Pacific, Hoffmaster Group, Inc., Minimaid, DUNI AB, and Eco-Products, Inc.
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