Plastic Tableware And Kitchenware Market

The global plastic tableware and kitchenware market is projected to see continued growth in demand worldwide. The market is forecasted to have a +2.8% CAGR in consumption volume and a +4.7% CAGR in market value from 2022 to 2030, with the market volume expected to reach 9.3M tons and market value to reach $49.2B by 2030. The top consuming countries in 2022 were China, the United States, and India, while the largest markets in terms of value were China, the United States, and Turkey. The United States was the main importer of plastic tableware and kitchenware, with Germany, the Netherlands, and Singapore also holding small shares of total imports. China dominated the exports market, with Turkey as the second-largest exporter. Price trends showed fluctuations over the period from 2012 to 2022, with China having the highest export price and Mexico having one of the lowest. Overall, the market is expected to see continued growth in the coming years, with fluctuations in consumption, production, imports, and exports recorded throughout the analyzed period.

Market Forecast

Driven by increasing demand for plastic tableware and kitchenware worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.8% for the period from 2022 to 2030, which is projected to bring the market volume to 9.3M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.7% for the period from 2022 to 2030, which is projected to bring the market value to $49.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Plastic Tableware And Kitchenware

In 2022, approx. 7.5M tons of plastic tableware and kitchenware were consumed worldwide; remaining constant against 2021. The total consumption volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, global consumption hit record highs at 7.5M tons in 2021, and then declined in the following year.

The global plastic tableware and kitchenware market value shrank to $34B in 2022, with a decrease of -2.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $35.6B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (1.5M tons), the United States (1.3M tons) and India (746K tons), together accounting for 49% of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the United States (with a CAGR of +11.8%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest plastic tableware and kitchenware markets worldwide were China ($6.9B), the United States ($5B) and Turkey ($3.6B), together comprising 46% of the global market. India, Japan, Indonesia, South Korea, Mexico, Italy, Bangladesh, Nigeria, Pakistan and Iran lagged somewhat behind, together comprising a further 27%.

In terms of the main consuming countries, Indonesia, with a CAGR of +8.7%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of plastic tableware and kitchenware per capita consumption in 2022 were the United States (4 kg per person), Turkey (3.6 kg per person) and Italy (3.3 kg per person).

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +11.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Plastic Tableware And Kitchenware

Global plastic tableware and kitchenware production declined to 7.4M tons in 2022, remaining relatively unchanged against 2021. The total output volume increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 11%. Over the period under review, global production reached the peak volume at 7.6M tons in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, plastic tableware and kitchenware production declined to $35B in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +7.8% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 25%. Global production peaked at $46.7B in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Production By Country

China (3.5M tons) constituted the country with the largest volume of plastic tableware and kitchenware production, comprising approx. 47% of total volume. Moreover, plastic tableware and kitchenware production in China exceeded the figures recorded by the second-largest producer, India (782K tons), fourfold. Turkey (444K tons) ranked third in terms of total production with a 6% share.

In China, plastic tableware and kitchenware production expanded at an average annual rate of +6.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (+4.9% per year) and Turkey (+8.2% per year).

Imports

World Imports of Plastic Tableware And Kitchenware

For the seventh year in a row, the global market recorded growth in overseas purchases of plastic tableware and kitchenware, which increased by 5.3% to 3.1M tons in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.2% against 2012 indices. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, plastic tableware and kitchenware imports expanded remarkably to $13.7B in 2022. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 21%. Over the period under review, global imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports By Country

The United States was the main importer of plastic tableware and kitchenware in the world, with the volume of imports accounting for 1.4M tons, which was approx. 46% of total imports in 2022. Germany (93K tons), the Netherlands (82K tons), Singapore (80K tons), Canada (78K tons), Chile (77K tons), France (75K tons), the UK (75K tons), Belgium (55K tons), Mexico (54K tons), Japan (49K tons), Italy (49K tons) and Spain (49K tons) held a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +12.2% from 2012 to 2022. At the same time, Chile (+22.4%), Singapore (+20.8%), Mexico (+5.1%), the Netherlands (+4.6%), Italy (+3.5%), Belgium (+2.9%) and Canada (+1.5%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in the world, with a CAGR of +22.4% from 2012-2022. Spain, Germany and Japan experienced a relatively flat trend pattern. By contrast, the UK (-1.1%) and France (-3.1%) illustrated a downward trend over the same period. The United States (+21 p.p.), Chile (+1.9 p.p.) and Singapore (+1.9 p.p.) significantly strengthened its position in terms of the global imports, while Germany, the UK and France saw its share reduced by -1.7%, -2.1% and -3.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($4.9B) constitutes the largest market for imported plastic tableware and kitchenware worldwide, comprising 36% of global imports. The second position in the ranking was taken by Germany ($635M), with a 4.6% share of global imports. It was followed by Canada, with a 3.8% share.

In the United States, plastic tableware and kitchenware imports expanded at an average annual rate of +7.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (+1.4% per year) and Canada (+3.7% per year).

Import Prices By Country

The average plastic tableware and kitchenware import price stood at $4,357 per ton in 2022, picking up by 3.5% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 3.9% against the previous year. Over the period under review, average import prices reached the peak figure at $4,812 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($6,829 per ton), while Chile ($1,420 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Plastic Tableware And Kitchenware

Global plastic tableware and kitchenware exports expanded sharply to 3.1M tons in 2022, growing by 6.6% on 2021 figures. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 19% against the previous year. Over the period under review, the global exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, plastic tableware and kitchenware exports rose sharply to $16.1B in 2022. Overall, total exports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +115.5% against 2012 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 23% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the near future.

Exports By Country

China dominates exports structure, reaching 1.9M tons, which was approx. 63% of total exports in 2022. It was distantly followed by Turkey (139K tons), comprising a 4.6% share of total exports. The United States (100K tons), Mexico (88K tons), Taiwan (Chinese) (81K tons), the Netherlands (75K tons), Italy (58K tons) and Germany (47K tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to plastic tableware and kitchenware exports from China stood at +9.6%. At the same time, Turkey (+10.0%), Mexico (+9.3%), the Netherlands (+6.9%), Taiwan (Chinese) (+5.2%) and the United States (+1.4%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.0% from 2012-2022. By contrast, Germany (-2.1%) and Italy (-2.8%) illustrated a downward trend over the same period. China (+19 p.p.) and Turkey (+1.5 p.p.) significantly strengthened its position in terms of the global exports, while the United States, Germany and Italy saw its share reduced by -1.7%, -1.8% and -2.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($10.3B) remains the largest plastic tableware and kitchenware supplier worldwide, comprising 64% of global exports. The second position in the ranking was held by the United States ($564M), with a 3.5% share of global exports. It was followed by Turkey, with a 2.9% share.

In China, plastic tableware and kitchenware exports increased at an average annual rate of +15.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+2.4% per year) and Turkey (+9.6% per year).

Export Prices By Country

In 2022, the average plastic tableware and kitchenware export price amounted to $5,271 per ton, picking up by 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 6.1%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($8,390 per ton), while Mexico ($3,083 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform