Biodegradable Cutlery Market Expected to Grow at an Impressive Rate During the Forecast Period
Increasing
consumer awareness regarding the harmful effects of non-biodegradable products
and growing demand for eco-friendly, secure, and sustainable cutlery is
expected to drive the market during the forecast period.
According to TechSci
Research report, “Biodegradable Cutlery Market– Global Industry Size,
Share, Trends, Competition, Opportunity, and Forecast, 2017-2027F”, Global Biodegradable Cutlery Market is
forecast to register an impressive rate during the forecast period as biodegradable
cutlery is portable, hygienic, and lightweight. Biodegradable disposable
cutlery is a good option for the food service industry because it is less
expensive than glass tableware, which can be tricky to handle. Customers
realize that going greener can benefit the environment and that using packaging
made of biodegradable materials will appeal to their sensibilities.
Additionally, it enables companies to establish themselves as eco-friendly
brands and reduce their environmental impact. This is expected to open up
opportunities for businesses to adopt green strategies and gain a competitive
edge without sacrificing the quality of their products.
The biodegradable cutlery
market is expected to grow owing to the sustainable packaging solutions adopted
by various industries. The demand for environment-friendly packaging has
increased with the expansion of numerous industries. Increasing environmental
awareness and regulatory guidelines from multiple governments have led to an
inclination toward environmentally friendly packaging materials. The primary
issue for the government is ineffective waste management as the world's
consumption of plastic increases. The European Union's recently passed
single-use plastics directive is likely to promote the use of biodegradable
materials.
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The biodegradable cutlery
market is segmented based on the product type, raw material, end-user,
distribution channel, region, and competitive landscape. In terms of product
type, the global biodegradable cutlery market is segmented into spoon, knife,
fork, plates, and others. Among which, the plates product type dominated the market
in 2021, owing to sustainable and regenerative plants, including sugar cane (bagasse),
corn and potato starches, and various vegetable oils, which are used to make
biodegradable plates. Biodegradable plates are produced using environment-friendly,
sustainable methods, so neither the manufacturing process nor the finished
product contains any toxins.
In terms of raw materials,
the global biodegradable cutlery market is segmented into wood, husk, paper,
plastic, and others. The plastic segment is expected to account for the
majority of market share in global biodegradable cutlery market in value terms.
Owing to the high adoption of biodegradable plastic cutlery by online food
retail chains and strict government initiatives to promote biodegradable
cutlery to avoid the risk of environmental pollution, biodegradable plastic
cutlery is expected to grow significantly during the forecast period.
In terms of end-user, the
global biodegradable cutlery market is segmented into hotels, hospitals, restaurants,
catering services, and others. Among which, the hotel segment dominated the global
biodegradable cutlery market in 2021. Hotels are using biodegradable cutlery to
give guests a sustainable option for eating their meals. Utilizing
biodegradable cutlery has advantages for the environment such as the
preservation of natural resources. Additionally, using biodegradable cutlery
can help hotels produce less waste overall.
In terms of distribution
channels, the global biodegradable cutlery market is segmented into offline and
online. Among which, the online segment dominated the global biodegradable
cutlery market in 2021. To increase the supply-side driver, producers and
suppliers of biodegradable disposable tableware sell their products through
their platforms or other e-Commerce supply chains. The manufacturers may be able
to provide comprehensive information about the products with the help of brand
promotion on online retailers.
In terms of region, the
global biodegradable market is segmented into North America, Europe, Asia
Pacific, Middle East & Africa, and South America. Owing to consumer
awareness and propensity to purchase products that benefit the environment, the
demand for biodegradable disposable tableware in Europe is predicted to be
healthy in the long run. The food service industry's demand has a significant
impact on the market for biodegradable disposable tableware.
Key Market Players in the
Biodegradable Cutlery Market include:
- Blasso,
LLC.
- Greenwood
(Dalian) Industrial Co., Ltd.
- BeGreen
Packaging LLC.
- Aevia
Ideas, Inc.
- WoodAble
- Greenprint
- WorldCentric
- Papelyco
- Ecoware
Solutions Pvt. Ltd.
- Biopac
UK Ltd.
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“Rising consumer awareness of the
harmful effects of using non-biodegradable products is driving market growth.
In addition, the market is expanding as a result of favorable government
regulations that discourage the use of plastic cutlery and other products. Owing
to the significant expansion of the food and beverage industry, there is an
increasing demand for eco-friendly and sustainable cutlery in restaurants, fast
food outlets, and hotels worldwide. Additionally, disposable cutlery is a
convenient option for parties, picnics, and other gatherings. Moreover, biodegradable
cutlery has the added benefit of having very less adverse effect on the
environment.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Biodegradable Cutlery
Market– Global Industry Size, Share, Trends, Opportunity, and Forecast,
2017-2027 Segmented By Product Type
(Spoon, Knife, Fork, Plates, and Others), By Raw Material (Wood, Husk, Paper,
Plastic, and Others), By End User (Hotels, Hospitals, Restaurants, Catering
Services, and Others), By Distribution Channel (Offline
Vs. Online), By Region, By Competition”, has
evaluated the future growth potential of biodegradable cutlery market globally and provides statistics and information on market structure, size, share,
and future growth. The report provides cutting-edge market intelligence and helps
decision-makers to make sound investment decisions. Besides, the report also
identifies the emerging trends along with essential drivers, challenges, and
opportunities present in the biodegradable cutlery market.
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