The size of the world market for bio-based cutlery is anticipated to be US$ 35.7 billion in 2022 and US$ 39.3 billion in 2032. It is anticipated to develop significantly between 2022 and 2032, with a CAGR of 12.9%. of the future years, the demand for bio-based cutlery is projected to increase due to growing awareness about environmental contamination brought on by the exponential growth of plastic trash.
By producing more waste, the rising use of plastic is raising the pollution level. As a result, governments around the world are putting tough regulations in place to outlaw the use of plastic. Due to these rules, consumers are gravitating more and more towards cutlery made of wood and bioplastic.
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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.
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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)
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.)
- Household
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