The global disposable cutlery market is projected to grow at a compound annual growth rate (CAGR) of 4.9% during the forecast period. According to FMI market researchers, the market is expected to surpass a valuation of US$ 1.6 billion by 2033, with a market size of US$ 2.6 billion in the same year.
Several significant factors are expected to drive the market growth, including:
- Increasing adoption of eco-friendly cutlery made from materials like paper or wood fiber, which aligns with the growing environmental consciousness among consumers.
- The surge in food orders from online platforms, leading to a higher demand for disposable cutlery as a convenient and hygienic option for takeaway and delivery meals.
- Growing customer focus on hygiene and safety, particularly in the wake of the COVID-19 pandemic, where disposable cutlery offers a single-use option that minimizes the risk of contamination.
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Disposable cutlery items offer a variety of shapes and sizes, providing consumers with options to choose from based on different occasions. This versatility is expected to drive demand for disposable cutlery during the forecast period.
Additionally, disposable cutlery items are lightweight and easy to handle while consuming food. They are also sturdy, ensuring that they do not get distorted when carrying heavier food items. Bamboo-based disposable cutlery is gaining popularity due to its eco-friendly and sustainable properties, which may contribute to the growth of the bamboo disposable cutlery market.
The food service outlets and institutional food services sectors are witnessing significant demand for disposable cutlery. These cutlery items are designed to match the style and requirements of different occasions. Institutional organizations often host afternoon parties where disposable cutlery items are preferred for their small size and durability.
Overall, the growing preference for eco-friendly options, the rise in online food ordering, and the emphasis on hygiene and safety are driving the demand for disposable cutlery in various sectors, leading to market growth.
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Competitive Landscape
The steel drum manufacturers are focusing on safety rendered by steel drum to cater to the market demand and survive the competition. Also, the manufacturers are trying to address the sustainability trend by developing environment-friendly steel drum. These manufacturers also provide reconditioning services, which lead to low packaging scrap.
The key manufacturers are trying to enhance customer service by using RFID technology on steel drum to track & trace the steel drum.
Key Players:
- Greif Inc.
- Mauser Packaging Solutions
- Time Technoplast Ltd.
- Sicagen India Limited
- Balmer Lawrie & Co. Limited
- Industrial Container Services, Inc.
- Great Western Containers Inc.
- SCHÜTZ GmbH & Co. KGaA
- Peninsula Drums CC
- Patrick J. Kelly Drums
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Key Segments Covered In Steel Drum Industry Research
By Capacity:
- 55 Gallon
- Other than 55 Gallon
By Head Type:
- Tight Head
- Open Head
By Material Type:
- Carbon Steel
- Stainless Steel
By End-Use Verticals:
- Chemicals
- Petroleum & Lubricants
- Paints, Inks, & Dyes
- Food & Beverages
- Building & Construction
- Healthcare & Personal Care
- Others
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
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