Market Overview:
The global areca plates market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for areca plates from various end-use applications, such as caf©s, bars, restaurants, clubs and hotels. Additionally, the growing awareness about hygiene and health among consumers is also propelling the demand for areca plates globally. On the basis of type, the global areca plates market can be segmented into bowl type, plate type, compartmental type and tray type. Among these segments, tray type held a dominant share in 2017 and is expected to continue its dominance during the forecast period as well. This can be attributed to its wide range of applications across different end-use industries.
Product Definition:
Areca plates are thin, disposable plates made out of dried leaves of the Areca palm. They are used as an eco-friendly alternative to plastic or styrofoam plates.
Bowl:
Bowl is a kind of decorative accessory used in the culture of Areca Plates. It’s basically a depression or an excavation in the center of the plate which is used to hold liquid condiments, sauces and curries as well as for serving purposes. The size, shape and material (wooden or metal) are all decided according to its usage.
Plate:
Plate is a device used to hold the areca nut in place while cracking open the nut with a hammer. It also helps in protecting the palm of your hand from getting hurt during this process. The plate has thin metal sheets attached to it, which act as an electrical conductor and help in delivering an electric shock to initiate the opening of nuts.
The plates come along with different sizes.
Application Insights:
The café, bar, restaurant segment accounted for the largest revenue share of over 50% in 2017. Areca plates are widely used in cafes, bars and restaurants to serve various beverages such as coffee, tea and other soft drinks along with snacks and meals. The growing hospitality industry across the globe is expected to boost product demand in the next seven years.
The club segment is expected to witness significant growth over the forecast period owing to rising use of areca plates by social organizations for serving food & beverages during events such as weddings functions and baby showers.
Regional Analysis:
Asia Pacific areca plate market is expected to witness the highest growth during the forecast period. The region’s growth can be attributed to increasing number of bars and restaurants, especially in India and China. In addition, rising disposable income of consumers and rapid urbanization are likely to drive demand for luxury dining establishments in countries such as China, India, Thailand, Indonesia among others will have a positive impact on industry expansion over the next eight years.
North America accounted for more than 20% share of global revenue in 2017 owing to high concentration of cafes and bars that serve alcoholic beverages along with other food items at late hours which has increased adoption rate for serving equipment includingareca plates among bar owners across U.S.
Growth Factors:
- Increasing demand from end-use industries such as food and beverage, healthcare, and cosmetics
- Rising disposable income of consumers in developing countries
- Growing awareness about the benefits of using areca plates among consumers
- Technological advancements in the manufacturing process of areca plates
- Expansion of distribution channels by manufacturers to reach a wider customer base
Scope Of The Report
Report Attributes
Report Details
Report Title
Areca Plates Market Research Report
By Type
Bowl, Plate, Compartmental, Tray
By Application
Café, Bar, Restaurant, Club, Hotel
By Companies
Nature Packwell Pvt Ltd, Bio Futura, BioPak, Bionatic GmbH & Co. KG, Vegware Ltd., Enviropack Ltd., Excellent Packaging & Supply
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Areca Plates Market Report Segments:
The global Areca Plates market is segmented on the basis of:
Types
Bowl, Plate, Compartmental, Tray
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Café, Bar, Restaurant, Club, Hotel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nature Packwell Pvt Ltd
- Bio Futura
- BioPak
- Bionatic GmbH & Co. KG
- Vegware Ltd.
- Enviropack Ltd.
- Excellent Packaging & Supply
Highlights of The Areca Plates Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Bowl
- Plate
- Compartmental
- Tray
- By Application:
- Café
- Bar
- Restaurant
- Club
- Hotel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Areca Plates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Areca plates are a type of metal plate used in the manufacturing of electronic equipment. They are made from a thin sheet of metal that is bent into an arc and then cut to size. Areca plates are often used in the production of motherboards, graphics cards, and other components.
Some of the major companies in the areca plates market are Nature Packwell Pvt Ltd, Bio Futura, BioPak, Bionatic GmbH & Co. KG, Vegware Ltd., Enviropack Ltd., Excellent Packaging & Supply.
The areca plates market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Areca Plates Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Areca Plates Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Areca Plates Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Areca Plates Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Areca Plates Market Size & Forecast, 2020-2028 4.5.1 Areca Plates Market Size and Y-o-Y Growth 4.5.2 Areca Plates Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Bowl
5.2.2 Plate
5.2.3 Compartmental
5.2.4 Tray
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Café
6.2.2 Bar
6.2.3 Restaurant
6.2.4 Club
6.2.5 Hotel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Areca Plates Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Areca Plates Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Bowl
9.6.2 Plate
9.6.3 Compartmental
9.6.4 Tray
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Café
9.10.2 Bar
9.10.3 Restaurant
9.10.4 Club
9.10.5 Hotel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Bowl
10.6.2 Plate
10.6.3 Compartmental
10.6.4 Tray
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Café
10.10.2 Bar
10.10.3 Restaurant
10.10.4 Club
10.10.5 Hotel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Bowl
11.6.2 Plate
11.6.3 Compartmental
11.6.4 Tray
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Café
11.10.2 Bar
11.10.3 Restaurant
11.10.4 Club
11.10.5 Hotel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Bowl
12.6.2 Plate
12.6.3 Compartmental
12.6.4 Tray
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Café
12.10.2 Bar
12.10.3 Restaurant
12.10.4 Club
12.10.5 Hotel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Bowl
13.6.2 Plate
13.6.3 Compartmental
13.6.4 Tray
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Café
13.10.2 Bar
13.10.3 Restaurant
13.10.4 Club
13.10.5 Hotel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Areca Plates Market: Competitive Dashboard
14.2 Global Areca Plates Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nature Packwell Pvt Ltd
14.3.2 Bio Futura
14.3.3 BioPak
14.3.4 Bionatic GmbH & Co. KG
14.3.5 Vegware Ltd.
14.3.6 Enviropack Ltd.
14.3.7 Excellent Packaging & Supply