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Disposable Plates Market Eyes $10.7 Billion Valuation by 2034 - Commercial Sector Commands 95% of Disposable Plates Market Share, Emphasizing Sustainable Dining Solutions
The U.S. Disposable Plates Market dominated the global landscape with a 76% share, generating $1.64 billion in 2024 Disposable Plates Market Dublin, Aug. 07, 2025 (GLOBE NEWSWIRE) -- The "Disposable Plates Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" has been added to offering. The Disposable Plates Market was valued at USD 5.6 Billion in 2024 and is projected to reach USD 10.7 Billion by 2034, rising at a CAGR of 6.80%. The market growth is largely fueled by the shift toward sustainable living and the demand for eco-friendly alternatives to traditional tableware. Growing environmental awareness has led to a preference for disposable plates made from biodegradable, compostable, and recycled materials. The focus on reducing carbon footprints and minimizing single-use plastic waste drives this market's trajectory. Additionally, the surge in food delivery services, catering businesses, and quick-service restaurants amplifies the need for convenient and sustainable dining solutions. As consumers prioritize sustainability, manufacturers are developing plates from renewable resources such as sugarcane bagasse, bamboo, palm leaves, and cornstarch-based materials. These eco-friendly plates offer a practical alternative without compromising durability and aesthetics. Moreover, increasing governmental regulations aimed at curbing plastic waste and encouraging green packaging create new opportunities for market players. The rising adoption of eco-friendly plates at large-scale events, corporate gatherings, and public venues reflects a cultural shift toward environmental responsibility. The market is segmented by product type, including plastic, aluminum, paper, and other materials. Paper plates are expected to witness a 7.3% CAGR from 2025 to 2034 due to their biodegradable nature, ease of disposal, and compatibility with a wide range of food products. Consumers are increasingly steering away from plastic plates, scrutinized for their adverse environmental impact. The industry is rapidly shifting toward innovative biodegradable alternatives, such as plant-based plastics and bio-coated materials that mimic plastic properties but break down without leaving toxic residues. Consequently, paper plates are emerging as the preferred choice for practical and eco-conscious solutions. Based on end-use, the disposable plates market is classified into residential and commercial sectors, with commercial applications accounting for 95% of the overall share in 2024. The commercial segment, including food service providers, catering companies, and beverage centers, drives high demand for disposable plates due to their convenience and cost-effectiveness. These establishments are increasingly adopting palm leaf plates for their sturdiness, elegant appearance, and ability to hold hot and cold foods without leakage or breakage. Using sustainable options appeals to environmentally aware customers and enhances brand reputation. The U.S. Disposable Plates Market dominated the global landscape with a 76% share, generating USD 1.64 billion in 2024. The U.S. market benefits from a strong push toward environmental sustainability and a consumer shift toward eco-friendly products. The increasing pace of on-the-go lifestyles and the popularity of takeout meals have significantly contributed to the rising demand for disposable plates in the country. With consumers prioritizing convenience and environmental impact, single-use products continue to offer practical solutions that align with modern, fast-paced living. Comprehensive Market Analysis and Forecast Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape Competitive landscape with Porter's Five Forces and PESTEL analysis Market size, segmentation, and regional forecasts In-depth company profiles, business strategies, financial insights, and SWOT analysis Key Attributes Report Attribute Details No. of Pages 220 Forecast Period 2024-2034 Estimated Market Value (USD) in 2024 $5.6 Billion Forecasted Market Value (USD) by 2034 $10.7 Billion Compound Annual Growth Rate 6.8% Regions Covered Global Key Topics CoveredChapter 1 Methodology & Scope1.1 Market scope & definitions1.2 Base estimates & calculations1.3 Forecast calculations.1.4 Data sources1.4.1 Primary1.4.2 Secondary1.4.2.1 Paid sources1.4.2.2 Public sourcesChapter 2 Executive Summary2.1 Industry synopsis, 2021-2034Chapter 3 Industry Insights3.1 Industry ecosystem analysis3.1.1 Factor affecting the value chain.3.1.2 Profit margin analysis.3.1.3 Disruptions3.1.4 Future outlook3.1.5 Manufactures3.1.6 Distributors3.2 Supplier landscape3.3 Key news & initiatives3.4 Regulatory landscape3.5 Impact forces3.5.1 Growth drivers3.5.1.1 Increased environmental awareness3.5.1.2 Consumer demand for eco-friendly products3.5.2 Industry pitfalls & challenges3.5.2.1 Shift toward reusable alternatives3.5.2.2 Competition from traditional plastics3.6 Growth potential analysis3.7 Porter's analysis3.8 PESTEL analysisChapter 4 Competitive Landscape, 20244.1 Introduction4.2 Company market share analysis4.3 Competitive positioning matrix4.4 Strategic outlook matrixChapter 5 Market Estimates & Forecast, by Product Type, 2021-2034 (USD Billion) (Million Units)5.1 Key trends5.2 Plastic plates5.3 Aluminum plates5.4 Paper plates5.5 Others (leaf plates, wheat straw plates etc.)Chapter 6 Market Estimates & Forecast, by Design, 2021-2034 (USD Billion) (Million Units)6.1 Key trends6.2 Compartmental6.3 PlainChapter 7 Market Estimates & Forecast, by Price, 2021-2034 (USD Billion) (Million Units)7.1 Key trends7.2 Low7.3 Medium7.4 HighChapter 8 Market Estimates & Forecast, by End Use, 2021-2034 (USD Billion) (Million Units)8.1 Key trends8.2 Residential8.3 Commercial8.3.1 Food & beverage8.3.2 Hotels and cafes8.3.3 Hospitality and events8.3.4 Others (quick-service restaurants etc.)Chapter 9 Market Estimates & Forecast, by Distribution Channel, 2021-2034 (USD Billion) (Million Units)9.1 Key trends9.2 Online9.2.1 Company websites9.2.2 E-commerce9.3 Offline9.3.1 Supermarkets/hypermarkets9.3.2 Specialty stores9.3.3 Others (foodservice suppliers etc.)Chapter 10 Market Estimates & Forecast, by Region, 2021-2034 (USD Billion) (Million Units)10.1 Key trends10.2 North America10.2.1 U.S.10.2.2 Canada10.3 Europe10.3.1 UK10.3.2 Germany10.3.3 France10.3.4 Italy10.3.5 Spain10.3.6 Russia10.4 Asia Pacific10.4.1 China10.4.2 India10.4.3 Japan10.4.4 South Korea10.4.5 Australia10.5 Latin America10.5.1 Brazil10.5.2 Mexico10.6 MEA10.6.1 UAE10.6.2 Saudi Arabia10.6.3 South AfricaChapter 11 Company Profiles11.1 D&W Fine Pack11.2 Dart Container Corporation11.3 Dopla11.4 Duni11.5 Fast Plast11.6 Genpak11.7 Georgia-Pacific11.8 Hotpack Group11.9 Huhtamaki11.10 International Paper11.11 Pactiv11.12 Polar Plastic11.13 Poppies Europe11.14 Seow Khim Polythelene11.15 VegwareFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Disposable Plates Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 minutes ago
- Yahoo
Oil prices march higher as traders look to Trump's India-Russia tussle
Oil (BZ=F, CL=F) Oil prices were set to be volatile on Thursday, having already endured a selloff on Wednesday, as traders look to the latest signals coming out of US president Donald Trump's tariff wars. On Wednesday, Trump upped the US tariffs on India to 50% in retaliation for its purchases of Russian oil. The new import tax will go into effect 21 days after 7 August, he said. India has largely refused to stop buying Russian oil due to the fact it's difficult to find a substitute. It buys around 2 million barrels a day, according to Financial Times reporting. The country's officials responded by calling the threat 'unjustified' and reaffirmed its commitment to protecting its economic interests. Trump wants to put economic pressure on Russia to end the Ukraine war — moves which sent the black commodity to an eight-week low in Wednesday's session. Read more: UK house prices rise by over £1,000 in July Brent crude futures (BZ=F) traded at around $66.31 a barrel on Thursday, about 0.7% higher than the previous session. West Texas Intermediate (CL=F) prices also rose around 0.7% to $64.81 a barrel. Prices earlier in the week had been sensitive to considerations about Opec+ output targets. The cartel made moves to hike output by 547,000 barrels per day (bpd) in September. The increases add to oversupply concerns surrounding the US's oil consumption. The production increase marks the full and early reversal of Opec+'s most significant supply cuts, which had been implemented to support prices during the pandemic. It also includes a separate boost for the United Arab Emirates (UAE), raising total output by about 2.5 million bpd, roughly 2.4% of global oil demand. Opec+ justified the move by citing a resilient global economy and low stockpiles. There are worries that the group will increase supply again after September, with discussions about unwinding a further 1.65 million bpd of cuts at the group's next meeting on 7 September ratcheting up tensions. Gold (GC=F) Gold (GC=F) prices ticked higher on Thursday, gaining as traders flock to safe haven assets in the face of more tariff grandstanding by Trump. Futures contracts for the yellow metal were 0.6% higher as markets opened in London, heading to the $3,455.50 mark. The Spot price of gold also rose 0.6% to $3,388. Trump announced plans to slap a 100% tariff on semiconductor chips made outside of the US. He said he would make an exemption for companies such as Apple (AAPL), which pledged on Wednesday to move some of its manufacturing operations back to the United States. Apple revealed plans to invest an additional $100bn in US manufacturing commitments during a press event at the White House with Trump on Wednesday. Gold futures prices are up nearly 21% over the past six months. Pound, euro, dollar (GBPUSD=X, GBPEUR=X, The pound ticked higher on Thursday, ahead of a Bank of England (BoE) interest rate meeting that is expected to result in a 25 basis point interest rate cut, announced at noon in London. Sterling rose 0.1% against the dollar to trade just below the $1.34 mark. City traders are pricing in an 80% probability that the nine-member committee will reduce the Bank Rate from 4.25% to 4% on Thursday, returning borrowing costs to levels last seen in March 2023. Financial markets have anticipated the move for some time, and they have also factored in at least one more cut this year, likely in November. Stocks: Create your watchlist and portfolio Yet with inflation still running well above the Bank's 2% target and signs of labour market weakness emerging, the debate inside the Monetary Policy Committee (MPC) is likely to be contentious. 'The MPC faces a difficult task, as it will need to balance the weakening in the jobs market and the economy on the one hand, with rising inflation on the other," said Matthew Ryan, head of market strategy at global financial services firm Ebury. 'We are pencilling in a 7-2 vote, with the majority set to vote for a 25bp cut, while a couple of the hawks (likely Mann and Pill), could opt in favour of no change. 'We would not be surprised, however, if Dhingra and possibly Taylor voted for a 50bp cut. Aside from the voting pattern, it will be interesting to see what the BoE does with its forward guidance this week." The dollar index dipped about 0.1% Traders of the world's reserve currency are also watching Trump's next move on tariffs for potential volatility. The sterling-euro rate was little changed, hovering around the 1.144 mark by 8.30am in in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures edge higher as Trump's trade deadline expires, tariffs kick in
US stock futures edged higher on Thursday as President Trump's sweeping tariffs hit dozens of US trade partners after his self-imposed deadline for countries to strike deals expired. Futures attached to the Dow Jones Industrial Average (YM=F) ticked up 0.1%. Futures attached to the benchmark S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) rose about 0.3%. Trump's deadline for trade deals landed at 12:01 a.m. ET on Thursday. Imports from nearly 200 countries now face duties ranging from 10% to 50%, and the overall average effective tariff rate is projected to jump to 18.3%. Read more: The latest on Trump's tariffs Apple (AAPL) shares climbed Thursday in premarket trading as Trump and CEO Tim Cook announced the company would make a $100 billion investment in the US. As part of the deal, Apple will manufacture the cover glasses for iPhones and Apple Watches in Kentucky. The president also revealed at the press conference that he plans to eventually set a 100% tariff on semiconductors. Companies like Apple that commit to building in the US, however, will be exempt from the tariff. Airbnb (ABNB), DoorDash (DASH), and Lyft (LYFT) reported earnings after the bell. DoorDash shares jumped premarket on an upbeat forecast driven by resilient delivery demand. Airbnb and Lyft, meanwhile, fell on disappointing guidance. Stocks gained in day trading on Wednesday, buoyed by a slate of earnings that beat Wall Street expectations, including McDonald's (MCD) and Disney (DIS). The lead-up to Apple's announcement of fresh investment in the US also boosted its stock and sent the Nasdaq higher. On Thursday, in addition to grappling with the latest trade policy shifts, Wall Street will receive new data on weekly jobless claims. The state of the labor market is in high focus following a disappointing July jobs report and downbeat revisions to the May and June jobs reports.
