In the wooden cutlery market, direct sales and E-retail segments are collectively generating revenue of US$ 138 Mn in 2022, according to the annual market analysis conducted by Future Market Insights.
Demand for food service outlets is expected to reach US$ 107 Mn in 2022, according to the latest Future Market Insights (FMI) study. The market value is expected to reach US$ 245 Mn by 2029, exhibiting growth at CAGR of 4.8% for 2022-2029.
According to the most recent Future Market Insights (FMI) analysis, demand for food service outlets will reach US$ 107 Mn in 2022. By 2029, the market is anticipated to have grown at a CAGR of 4.8 percent, reaching US$ 245 Mn.
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How the Growth of Home Delivery and Online Food Service will Propel the Wooden Cutlery Market?
Consumer preference for takeaway or ready-to-eat food is increasing owing to changing lifestyles, growing disposable income, and rapid urbanization, especially in emerging economies.
Moreover, corporate work culture leading to out-of-home food habits is also strengthening the demand for foodservice disposables with single-use cutleries. Furthermore, consumer preference towards cost-effective and convenient food service is the major factor driving the growth of the disposable cutleries market.
Historic and Forecast Market Outlook for Wooden Cutlery
The global wooden cutlery market is estimated to witness significant rise during the forecasted period as online food delivery is showing a positive outlook and is expected to create an excellent opportunity for wooden cutlery manufacturers due to its low-cost and eco-friendly nature.
The wooden cutlery market is projected to rise at 3.9% CAGR during the forecast period in comparison to the 4.8% CAGR during historical period.
Wooden cutleries are popular among end users and buyers of disposable cutleries for the retail market segment. Communities and clubs regularly organize get-togethers and meetings to enhance socialization value among individuals in their organizations
Competitive Landscape
The key manufacturers operating in wooden cutlery market are focusing on increasing their production capacity to meet the increasing demand for wooden cutlery. Moreover, the key players are increasing their product portfolio to cater for the growing wooden cutlery market.
- In April 2021, a company named Swaas has launched biodegradable bamboo cutlery for their retail segment for being eco-friendly and sustainable.
- In October 2021, McDonald’s Canada franchise replaced plastic cutlery with wooden and paper cutlery.
- In May 2020, a company known as BALIISM, has launched bamboo cutlery set to reduce the amount of disposable cutlery garbage.
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Key Companies Profiled
- Huhtamaki Group Oyj
- Eco-gecko Products Inc.
- Dinearth Eco Friendly Tableware
- Greenwood (Dalian) Industrial Co., Ltd.
- Bambu LLC
- Eco-gecko Products Inc.
- Vegware Ltd.
- Biotrem
- Bio Futura B.V.
Wooden Cutlery Market by Category
By Product:
- Spoon
- Fork
- Knife
By End:
- Food Service Outlets
- Hotels
- Restaurants & Cafes
- QSR
- Institutional
- Cinemas
- Catering
- School & Offices
- Hospitals
- Household Use
By Sales:
- Direct Sales
- Distributors
- Retailers
- Hypermarkets
- Supermarkets
- Convenience Stores
- Specialty Store
- Discount Stores
- E-retail
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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Key Questions Answered in the Report:
(1) What are the growth opportunities for the new entrants in the Global Wooden Cutlery industry?
(2) Who are the leading players functioning in the Global Wooden Cutlery marketplace?
(3) What are the key strategies participants are likely to adopt to increase their share in the Global Wooden Cutlery industry?
(4) What is the competitive situation in the Global Wooden Cutlery market?
(5) What are the emerging trends that may influence the Global Wooden Cutlery market growth?
(6) Which product type segment will exhibit high CAGR in future?
(7) Which application segment will grab a handsome share in the Global Wooden Cutlery industry?
(8) Which region is lucrative for the manufacturers?
Related Links –
https://wineart24.com/read-blog/16285
https://addandclick.com/read-blog/120440
https://ai.wiki/read-blog/40653
https://www.hometalk.com/posts/post-44530335
https://www.bloglovin.com/@niranjan35/cosmetic-tubes-market-size-share-global-industry-11789309
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