Industry- Consumer Goods and Services
Global Biodegradable Cutlery Market Size is estimated to expand rapidly in coming years, at a CAGR of 6.7% from 2018 to 2025. In 2018, the global market valuation was USD 33.9 million, and it is anticipated to be greater than USD xx.xx billion by 2025. Increased awareness of the harmful effects of plastic non-biodegradable waste is a key market driver for the forecast period. The state in several nations, in order to ban non-biodegradable plastics, also stipulates strict regulations and policies. Effective government policies and increased consumer awareness of the harmful effects of non-biodegradable plastics will raise demand for biodegradable tableware.
The concern about the adverse effects of cutlery products made from synthetic plastics associated with decomposition will continue forcing cooking utensil suppliers, including wood, bagasse, husk, and coconut coir, to deploy readable materials. In contrast to the traditional, plastics which take more than 500 years, these disposable cutlery raw materials, in particular, require bagasse to decompose within 90 days.
The best alternatives to non-biodegradable plastics are compostable cutleries and tableware. One of the main factors of market growth is the increasing awareness of the adverse effects of non-biodegradable plastics, including serious impacts on aquatic animals.
An ever-growing number of restaurants, fast food joints, and cafes are driving demands for biodegradable dishes and cups for the environmentally friendly, clean, and reusable cutlery. Green cups are a viable alternative that provides comfort in picnics, gatherings, and other opportunities for reusable plates, cups,s, and spoons. Therefore, the impact on the environment is not negative.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global biodegradable cutlery market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global biodegradable cutlery market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Raw Material Insights: On the basis of raw material, the global biodegradable cutlery market has been segmented into a wood, husk, and paper, plastic. In 2018, the plastics industry had the biggest share on the market. Paper is expected to become the fastest-growing sector and develop over the forecast period with a strong CAGR. To order to make biodegradable utensils at an affordable cost, most businesses conduct comprehensive R&D. The public and private sectors invest heavily in R&D to develop sustainable biodegradable cutlery. Innovative solutions such as edible plates are offered to some new entrants in the industry.
Moreover, government authorities are also supporting the manufacturers to produce affordable cutleries. For instance, in 2015, Bakeys foods private limited have introduced edible tableware such as bowls, spoons, and forks to control plastic waste. All these key innovations are expected to boost product demand.
The biodegradable cutlery market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; the Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. The Asia Pacific, meanwhile, is witnessing vast potential, propelled increasingly by the implementation of a ban on plastic cutlery at various places, especially in emerging economies. Also, general awareness about biodegradable cutlery is flourishing fast in these regions, thus catalyzing their uptake on a large scale in public gatherings.
Europe was the region's largest market with the highest share of overall sales in 2018. Several start-up companies and large biodegradable utensils manufacturers focus on new products and raw material development.
Increasing numbers of restaurants and food joints, and stringent plastic banning legislation from governments of several countries, including China, India, and Australia, are making Asia-Pacific the major regional market. In contrast, the practice of using wooden cutlery like chopsticks is in China, Japan, and some eastern economies. This practice extends the scope of the region's biodegradable utensils.
Global Biodegradable Cutlery Market Size, Share Analysis by Region 2018
Global Biodegradable Cutlery Market Study Objective
To forecast the market size of the biodegradable cutlery market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
Market analysis and forecast of biodegradable cutlery market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
To analyze and elaborate on significant factors that will have a major impact on the growth of the biodegradable cutlery market, such as drivers, restraints, challenges, and opportunities.
The regional analysis of biodegradable cutlery market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends, and their involvement in the overall market.
To provide a detailed analysis of competitive and strategic developments in the biodegradable cutlery market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Huhtamäki Oyj, Biotrem, BIOPAK, BETTER EARTH LLC, Vegware, Pactiv LLC, Eco Guardian, Genpak, LLC, Bionatic GmbH & Co. KG, and GreenGood USA are some of the key players in the market of biodegradable cutlery. Significant makers are growing their land reach, particularly in created nations, so as to increase the most extreme innovation entrance and extend their client reach. Foundation of R&D focuses, combined with vital organizations with venture organizations so as to dispatch new inventive innovations according to client request in the locale, stays a basic achievement factor throughout the following couple of years. Considering all the above components, makers are probably going to concentrate on innovation advancement providing food especially creating nations and undiscovered markets to increase the greatest piece of the overall industry.
Global Biodegradable Cutlery Market Study Report Offer You!
The global biodegradable cutlery market study report gives an idea about market size, share, stock, equity, investment, and total price analysis. Also, the report provides comprehensive industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities, and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review, and market prediction & projection to develop effective strategies for optimizing their market position.
Key Questions Answered
1. How has the global biodegradable cutlery market performed so far and how will it perform in the coming years?
2. What are the key regional markets?
3. What is the breakup of the market based on the product?
4. What is the breakup of the market based on the raw material?
5. What is the breakup of the market based on the type?
6. What is the breakup of the market based on the application?
7. What is the breakup of the market based on the distribution channel?
8. What are the various stages in the value chain of the industry?
9. What are the key driving factors and challenges in the market?
10. What is the structure of the global biodegradable cutlery market and who are the key players?
11. What is the degree of competition in the market?
Save Your Time
Wide Range of Reports
World Class Market Research
100% Customer Satisfaction
24/7 Customer care Support
Let's Talk Online