Asia-Pacific Disposable Tableware - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

Asia-Pacific Disposable Tableware - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2019 - 2029

The Asia-Pacific Disposable Tableware Market size is estimated at USD 14.64 billion in 2024, and is expected to reach USD 18.81 billion by 2029, growing at a CAGR of 5.12% during the forecast period (2024-2029).

The COVID -19 had a negative impact on the the Asian - Pacific Disposable Tableware Market due to the fact that there was lockdown in the majority of the regions in the Asian continent . The supply chain and logistics were also disrupted . Also the commercial places such as Restaurants , Hotels etc were unoperated during the maximum time period in the years 2020 and 2021, which were the potential buyers of the Disposable Tableware Market.

In Asia - Pacific region the Disposable Tableware Market grew at constant pace over many years owing to the fact that there are many restaurants,hotels in this region . The potential reason was they preferred to use disposable tableware such as plates , cups etc rather than using the steel or glass material becuase of the reason that disposble tableware reduces the labor-force by a great margin as washing the tableware was eliminated by using disposal Tableware.And the Disposable Tableware was only for Use and Throw type.

Also the affordability of the Disposable Tableware is also high and this was the reason for a lot of household consumers started using the Disposable Tableware and the market penetrated even deeper since the household usage of disposable tableware has begun. In countries like India and China the demand for Disposable Tableware Market has been increasing because of the increase in number of street food centres and hotels. Even during outdoor places like stadiums and malls, Disposable Tableware is the prefered option. All these factors account for the increase in the growth in the Disposable Tableware Market in the Asia-Pacific region.

APAC Disposable Tableware Market Trends

Increase in the Usage of Disposable Items

The usage of disposable items such as paper cups has been increasing over the previous years in the Asia - Pacific region beacause of its demand especailly in the commercial places such as hotels, restaurants , malls etc . Even in some house parties, Disposable Tableware are prefered to serve more people. It is also due to the reason that a large number of disposable cups or plates can become handy in a commercial place because they can be discarded after its usage rather than using metal or steet tableware which should be washed quite often in a day.Also due to the presence of large number of street food markets, Juice and beverages etc in the Asia-Pacific region , the demand for Disposable Tableware was quite high. This led to the increase in demand for Disposable Tableware across the Asia - Pacific region.

Shift towards Bio-Degradable Tableware

There has been an increased focus towards the bio- degradable disposables as they are recyclable and also they have low effect on the environment . Also the paper based disposables were preferred as it has a minimal impact on the atmosphere and causes zero pollution. In the recent times , people have become more cautious abouth the uasge of materials and their impact on the environment . Disposable Tableware made of paper is easily recyclable Also there is a push from the government authorities in the Asia - Pacific region to support sustainable products.

APAC Disposable Tableware Industry Overview

The report covers major international players operating in the Asia - Pacific Disposable Tableware Market. In terms of market share, 5 major players occupy nearly 45 % of the market share, and in the recent times it was observed that mid and small scale companies are growing rapidly.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support