Market Highlights
Global Plastic Tableware Market is projected to be valued at USD 9,323.2 Million by 2026, expanding at a CAGR of 2.98% during the forecast period. Tableware products are the dishes or dishware used for setting the table, serving food, and dining. They come in several materials, such as plastic, glass, and ceramic. The growth of the foodservice industry and high consumer preference for convenience products are the major factors driving the growth of the plastic tableware market. The growth of the organized retail sector in Asia-Pacific is further boosting the market growth. The growing trend of using customized plastic tableware and the shifting inclination towards the use of biodegradable plastics is expected to create lucrative opportunities for the vendors active in the global market. However, the ban on plastic use in various countries is restricting the growth of the global plastic tableware market.
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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. The growth of the residential sector in the region and the increasing number of immigrants in the US and Canada are also boosting the sale of plastic tableware in these countries as they are affordable and durable. Additionally, online retailing is gaining traction in North America, especially in the US. Online stores are becoming the fastest-growing distribution channel in the US. These factors are expected to drive the growth of the plastic tableware market in North America during the forecast period.
Segmental Analysis
Global Plastic Tableware Market has been segmented on the basis of Type, Distribution Channel, and Region.
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.
Regional Analysis
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.
Key Players
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.
Key Findings of the Study
- The global plastic tableware market is projected to register a growth rate of 2.98% from 2020 to 2026. The expansion of the foodservice industry in both developed and developing countries and the growth of the organized retail sector are projected to propel the growth of the global plastic tableware market.
- The plates segment is estimated to retain its prominent share by 2026, whereas the bowls segment is anticipated to register a growth rate of 3.20% during the forecast period.
- The store-based segment is estimated to retain its prominent share by 2026, whereas the non-store-based segment is anticipated to register a growth rate of 3.76% during the forecast period.
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Tableware products are the dishes or dishware used for setting the table, serving food, and dining.
They come in several materials, such as plastic, glass, and ceramic.
The growth of the organized retail sector in Asia-Pacific is further boosting the market growth.
The growing trend of using customized plastic tableware and the shifting inclination towards the use of biodegradable plastics is expected to create lucrative opportunities for the vendors active in the global market.
However, the ban on plastic use in various countries is restricting the growth of the global plastic tableware market.
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.
Tableware products are the dishes or dishware used for setting the table, serving food, and dining.
They come in several materials, such as plastic, glass, and ceramic.
The growth of the organized retail sector in Asia-Pacific is further boosting the market growth.
The growing trend of using customized plastic tableware and the shifting inclination towards the use of biodegradable plastics is expected to create lucrative opportunities for the vendors active in the global market.
However, the ban on plastic use in various countries is restricting the growth of the global plastic tableware market.Browse Full Report Details @ https://www.marketresearchfuture.com/reports/plastic-tableware-market-10361Asia-Pacific constituted for a dominant share of the plastic tableware market in 2019 owing to the expansion of the construction industry.
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 SynopsisThe global coffee market is projected to garner USD 102,279.2 million during the forecast period (2018-2023).
A beverage with widespread consumption in the world, coffee has been through several changes and innovation over the past years.
Coffee is prepared by brewing processed or roasted coffee seeds.
Regions like North America holds a huge market share where around 71% of the total population consumes coffee on a daily basis.On the flip side, fluctuating prices of coffee beans are likely to impact the market growth adversely.
The climatic change affects the productivity can also act as a growth deterrent.Competitive DashboardThe major players operating the global coffee market are Tchibo Coffee International Ltd. (U.K.), Tata Global Beverages Ltd. (India), Nestlé S.A. (Switzerland), The Coca Cola Company (U.S.), Strauss Group Ltd. (Israel), The Kraft Heinz Company (U.S.), Jacobs Douwe Egberts (The Netherlands), Starbucks Corporation (U.S.), The J.M.
Asia Pacific is considered to account for the maximum proportion in this segment.
Autonomous Construction Equipment Market:WiseGuyReports.com adds “Autonomous Construction Equipment Global Market Report 2020-30” reports to its database.Executive SummaryThe global autonomous construction equipment market is expected to decline from $9.53 billion in 2019 to $8.46 billion in 2020 at a compound annual growth rate (CAGR) of -11.28%.
The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing and remote working, and the closure of industries and other commercial activities.
The market is then expected to recover and reach $14.05 billion in 2023 at CAGR of 18.45%.The autonomous construction equipment market consists of sales of autonomous construction equipment which works on wireless communication technologies, by interfering with radio signals from other equipment, receiving commands and reporting status.
The equipment includes hardware retrofit and sensors added to get machine and process feedback, as well as knowledge of position and the surroundings.
Asia Pacific is expected to be the fastest growing region in the forecast period.Request Free Sample Report @ https://www.wiseguyreports.com/sample-request/5374303-autonomous-construction-equipment-global-market-report-2020-30Making existing equipment autonomous is the growing trend in Autonomous construction equipment market.
With more machines to be likely become autonomous in the future, promising developments are on the horizon.The market covered in this report is segmented by autonomy into partial/semi autonomous.
The global animal health market is predicted to touch USD 38,500 million at a 5.7% CAGR over the forecast period (2018-2023), states the latest Market Research Future (MRFR) report.
Animal health, simply put, is a branch of veterinary science that deals with monitoring and treatment of animal disease.
Some of these factors, according to the Market Research Future report, include rising pet insurance, increasing incidences of zoonotic diseases, growing pet population, and rising expenditure on animal health.
Additional factors pushing market growth include rising pet ownership, increasing emphasis on food safety, improvement in productivity, rapid technological advancements, rising focus on animal welfare, and rising R activities in the veterinary industry.
Moreover, the rising popularity of animal participation in sports such as team events, one-on-one, and racing, fighting, and hunting is increasing the need for best performance of animals in different sports activities that in turn is propelling better animal health care and pushing market growth.Request Sample Copy:https://www.marketresearchfuture.com/sample_request/7163Market SegmentationThe MRFR report offers a wide segmental analysis of the animal health market on the basis of distribution channel, route of administration, product, and animal type.Based on animal type, the animal health market size is segmented into companion animal and farm animal.
The farm animal segment is again segmented into sheep and goats, cattle, swine, poultry, and others.
According to IMARC Group’s latest report, titled “Digital Marketing Software Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global digital marketing software market reached a value of US$ 48.3 Billion in 2020.
Looking forward, the market is expected to exhibit strong growth during 2021-2026.Digital marketing refers to the integration of numerous internet-based platforms and electronic media for promoting several brands, goods, and services.
Digital marketing is usually conducted through a software that generates reports and analytics, creates landing pages, and performs other promotional activities.
The software also helps in reaching the targeted audiences and building brand loyalty.Get Sample Report with Detail COVID-19 Impact Analysis - https://www.imarcgroup.com/digital-marketing-software-market/requestsampleMarket TrendsRapid digitization across several industry verticals, along with the growing focus of several organizations on expanding their consumer reach, is bolstering the demand for digital marketing software.
Additionally, increasing adoption of numerous digital marketing strategies by companies for analyzing consumer behavior and preferences is also driving the market growth.
The rising proliferation of digital marketing software among small and medium enterprises (SMEs) based on its cost-efficiency and ability to reach mass audiences is further propelling the global market.
