With the goal to serve food to a large number of people plastic and paper plates are useful and hygiene levels are also maintained as they are disposable. In several food serving sectors such as fast food retailers, restaurants, food joints, etc. the plastic and paper plates are majorly used. The manufacturers of the plates are taking initiatives to provide eco-friendly or paper made plates to expel the issue of disposing of the plastics.
The Plastic And Paper Plate Market is foreseen to develop at a significant CAGR over the following years. Based on Type the market is segmented into Plastic, Polyethylene Terephthalate, low-density polyethylene, Polypropylene, High-Density Polyethylene. On the basis of application the market is segmented into Restaurants, Parties, Theatres, Food Retail Outlets, Others.
The plastic and paper plates are made by the manufacturers of food packaging. The food packaging sector captures a tremendous market share. Paper and plastic are accessible in huge quantities and are low cost, thus boosting the demand for the plastic and paper plates.