Global Paper Pulp Disposable Tableware Market Set to Grow with CAGR of 5.75 % By 2026 With Leading Players


Posted October 28, 2019 by ganesha

Global paper pulp disposable tableware market is set to witness a substantial CAGR of 5.75% in the forecast period of 2019- 2026.

 
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.

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tableware-market

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.

Market Drivers:
• 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

Market Restraints:
• 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

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Segmentation: Global Paper Pulp Disposable Tableware Market
By Product
o Plates
o Cups
o Bowls
o Trays
o Others
By Customer
o Household
o Commercial
o Hotels
o Restaurants
o Parties & Catering
o Corporate Offices & Breakrooms
By Distribution Channel
o Offline
o Online

Competitive Analysis:
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 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

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Last Updated October 28, 2019