Areca Leaf Plates are made from areca leaf, which are eco friendly and sanitized, Manufacturing in high Quality in various standard designs in products range and can be exclusive designs based on the customer reference of shapes and sizes. The areca palm tree leaves are fresh in nature, thick, which is non-toxic, free from any chemicals and pest. The leaves are Eco-friendly in nature, lightweight, disposable and durable in nature.
The global biodegradable plastics market size was estimated at USD 2.56 billion in 2017. It is expected to expand at a CAGR of 12.8% during the forecast period. Governments prohibiting the use of single-use plastic coupled with rising awareness among public regarding ill-effects of plastic waste are among the key trends stimulating market growth.
This is projected to further augment the demand for paper cups and paper plates globally. Looking forward, the market is expected to reach a value exceeding US$ 117 Billion by 2023, exhibiting a CAGR of more than 2% during 2018-2023. Disposable Plates Market is projected to grow at a CAGR of 5.9% during The Forecast Period 2017–2027. Overview Global Paper Cups and Paper Plates Market 2018, Demand by Regions, Share and Forecast to 2023. The global paper cups and paper plates market has witnessed a steady growth over the past several years. This can be accredited to rising health and sanitation awareness and growing demand from the food service sector.