Get Sample of the report : https://www.futuremarketinsights.com/reports/sample/rep-gb-9119
Single-use cutlery manufacturing companies are improving their production facilities to offer economic and environment friendly products such as bio-based cutlery. The youth population in regions such as Asia Pacific is anticipated to witness significant growth in the next decade. Thus, bio-based cutlery manufacturers are pursuing growth opportunities in countries such as India and China.
Bio-based cutlery is expected to be an ideal choice for on-the-go consumers throughout the forecast period. Apart from functional qualities such as food hygiene & low costs, the grab and go features of bio-based cutlery also add to its growing demand around the globe. Furthermore, in recent years, several bio-based cutlery manufacturers are looking for positive opportunities in edible cutlery made of corn, wheat bran, rice and sorghum. Bio-based cutlery made from edible items reduces carbon dioxide emissions by tons.
Global Bio-Based Cutlery Market: Dynamics
The bio-based cutlery market is expected to witness significant growth on the backdrop of consumer convenience and growing demand for environment-friendly packaging solutions. In addition, persistent efforts are being made to eliminate/reduce the use of single-use plastic products, which has gradually created growth opportunities for bio-based cutlery in recent years.
In 2018, McDonald’s, KFC, and a few other quick service restaurants stopped the usage of plastic cutlery in several countries such as Singapore, India and France, which is further driving the growth of the bio-based cutlery market. Moreover, the growth of the bio-based cutlery market is hampered by the high cost of raw material used in the manufacturing of bio-based cutlery.
Global Bio-Based Cutlery Market: Regional Overview
In North America, the U.S. is anticipated to lead the bio-based cutlery market during the forecast period. India and China are anticipated to drive significant growth in the Asia Pacific bio-based cutlery market during the assessment period. Furthermore, India and China bio-based cutlery markets are expected to witness significant growth, owing to the growing demand for bio-degradable packaging solutions in such emerging economies. On the other hand, the Europe bio-based cutlery market is expected to witness sluggish growth during the forecast period.
Global Bio-Based Cutlery Market: Market Participants
A few of the key players in the bio-based cutlery market are Huhtamäki Oyj, Pactiv LLC, Biodegradable Food Service, LLC, Leafware LLC, Biotrem, Anchor Packaging Inc., Georgia-Pacific LLC, Biopac UK Ltd, Natur-Tec, Northern Technologies International Corporation (NTIC), Vegware Ltd, Fast Plast A/S, Bakeys Foods Private Limited, and Bio Futura.
The report on bio-based cutlery market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain. The report bio-based cutlery market provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Bio-based cutlery market also maps the qualitative impact of various market factors on market segments and geographies.
The global bio-based cutlery market is divided into seven major regions, which are as follows –
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East & Africa (MEA)
Ask An Analyst : https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-9119
Global Bio-Based Cutlery Market: Segmentation
The global bio-based cutlery market has been segmented on the basis of product type, material type, sales channel and end use. The pricing for bio-based cutlery has been represented in US$ Million, while the volume has been represented in terms of the number of units.
On the basis of product type, the global bio-based cutlery market has been segmented into:
Spoon
Fork
Spork
Knife
On the basis of material type, the global bio-based cutlery market has been segmented into:
Wood
Poly Lactic Acid (PLA)
Polycaprolactone (PCL) cutlery
Polybutylene Succinate (PBS)
Plastarch Material (PSM)
Starch Based
Wheat Bran
Corn
Rice
Others (Sorghum, Potato Starch, etc.)
On the basis of sales channel, the global bio-based cutlery market has been segmented into:
Direct Sales
Distributors
E-commerce
Retailers
On the basis of end use, the global bio-based cutlery market has been segmented into:
Food Service
Restaurants
Hotels
Quick Service Restaurants (QSR)
Institutional
Airlines & Railway Catering
Movie Theatres
School & Offices
Others (Hospitals, etc.)
House hold
Report Highlights:
A detailed overview of parent market
Changing market dynamics in the industry
In-depth bio-based cutlery market segmentation
Historical, current, and projected bio-based cutlery market size regarding volume and value
Recent industry trends and developments for bio-based cutlery market
Competitive landscape for bio-based cutlery market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on bio-based cutlery market performance
Must-have information for bio-based cutlery market players to sustain and enhance their market footprint