According to IMARC Group latest published report, the global biodegradable cutlery market size reached US$ 40.6 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 54.6 Million by 2027, exhibiting a growth rate (CAGR) of 5.1% during 2022-2027. The report provides a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
What is Biodegradable cutlery?
Biodegradable cutlery is generally manufactured using natural raw materials, including sugarcane bagasse, areca palm leaf, bamboo, rice husk and cornstarch-based polylactic acid (PLA). Additionally, it can also be used as compost post utilization as it is renewable in nature and causes minimal pollution to the environment while also improving the soil texture. As a result, it is widely utilized as a preferred alternative for plastic- or petroleum-based cutlery across commercial establishments and educational institutions.
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What are the major market drivers in the Biodegradable Cutlery Market?
The global market is primarily driven by the rising environmental concerns among the masses. The increasing pollution levels across the globe and growing carbon footprint due to the utilization of plastic-based cutlery are providing a boost to the sale of biodegradable cutlery across the globe. Along with this, there has been a considerable shift toward the usage of biodegradable cutlery variants by individuals due to an enhanced focus on sustainable development, thereby creating a positive outlook for the market. Some of the other factors contributing to the market growth include the rising preference for utilizing biodegradable cutlery by various food service outlets and extensive research and development (R&D) activities conducted by key players to introduce improved product variants in the market.
Competitive Landscape
The report has also examined the competitive landscape of global biodegradable cutlery market.
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- Pactiv Corp (NYSE:PTV),
- BioGreenChoice Corp.,
- Bionatic GmbH & Co. KG,
- Biotrem, Eco Guardian,
- Eco-Products Inc.,
- HUHTAMAKI OYJ (HOYFF),
- NatureHouse Green Products Inc.,
- Vegware, etc.
Market Summary:
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- On the basis of the product type, the market has been categorized into spoon, fork, knife and others.
- Based on the raw material, the market has been segmented into wood, husk, paper, plastic and others.
- On the basis of breakup by type, the market has been divided into PLA, CPLA and starch blends.
- Based on the application, the market has been classified into hotel, catering and others. On the basis of the distribution channel, the market has been bifurcated into online and offline.
- Based on the region, the market has been segregated into North America (United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and Middle East and Africa.
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