USD 39.2 Million
Report ID:
SQMIG25I2024 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
37
|Figures:
74
Global Biodegradable Cutlery Market size was valued at around USD 41.60 Million in 2023 and is poised to grow from USD 44.52 Million in 2024 to USD 71.49 Million by 2031, at a CAGR of 7.0% over the forecast period (2024–2031).
The rise in public awareness of the hazardous repercussions of non-biodegradable plastic trash is expected to be a prominent market driver throughout the projected period. Furthermore, numerous countries intend to make non-biodegradable plastic illegal by strict laws and policies. As a result of these progressive government policies and increased consumer awareness of the detrimental effects of non-biodegradable plastic, the market for biodegradable tableware is expected to grow.
Compostable cutlery and tableware are the best alternatives to non-biodegradable plastics and are a developing green business. The growing awareness of the negative impacts of non-biodegradable plastic on aquatic species has serious ramifications. This is one of the primary drivers promoting market expansion. According to United Nations estimates, more than 8 million tons of plastic are dumped into the ocean each year. According to another global assessment, there may already be more than 5.25 trillion micro and microplastic fragments in the water. These negative consequences encourage the use of biodegradable materials.
The increased need for environmentally friendly, secure, and sustainable tableware as a result of the development in cafés, fast food outlets, and restaurants is driving the market for biodegradable cups and plates. Environmentally friendly cutlery is a practical option that gives the convenience of disposable plates, cups, and spoons for picnics, weddings, and other events without negatively impacting the environment.
The cost of biodegradable plates, cups, spoons, and forks is more than that of regular disposable flatware. This is the biggest constraint to market growth. Furthermore, despite various environmental benefits, some biodegradable polymers release greenhouse gasses during the disintegration process. This could have an effect on the ecosystem. These factors are important hurdles to the market spread of biodegradable plastics.
US Biodegradable Cutlery Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 39.2 Million
Largest Segment
Husk
Fastest Growth
Wood
Growth Rate
7% CAGR
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The global biodegradable cutlery market is segmented based on the basis of raw material, and region. Based on raw material, the market is segmented into wood, husk, paper, plastic, and others. Based on region the global biodegradable cutlery market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Global Biodegradable Cutlery Market Analysis by Raw Materia
Some of the greatest materials for making cutlery include husk, wood, bamboo, and bagasse. Thus, the husk segment is projected to emerge dominant in the forecast period. Many companies are conducting substantial R&D to develop affordable biodegradable kitchenware. Green Science Alliance, a chemical firm, invented natural biomass composed of paper waste wood, plants, and scrap trees in March 2019. On account of its natural constituents, the material is totally biodegradable and recyclable. This novel material will fuel the compostable cutlery business and create new opportunities.
Several government and business groups are continuously investing heavily in R&D to manufacture affordable biodegradable cutlery. Some new market entrants are introducing novel products such as edible cutlery. For instance, Bakeys Foods Private Limited, an edible cutlery manufacturing startup company established in India, for example, created edible tableware comprising forks, spoons, and bowls to reduce plastic waste. Such inventions both enhance the demand for and raise awareness of biodegradable kitchenware.
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In 2022, Europe emerged as the largest market share holder for biodegradable cutlery, with a 36% share. The market is expected to reach USD 26.14 million by 2030. Many startup firms, as well as large makers of biodegradable flatware, are working on creative products and raw material development. For instance, Leaf Republic GmbH, a German startup, launched a whole line of leaf tableware. The product is made from leaves and leaf-made paper with no synthetic additives, coloring, or glue. These goods biodegrade in 28 days. This new product launch is expected to propel the market throughout the forecast period.
Asia Pacific is expected to be the fastest-growing market due to an increase in the number of restaurants and food joints, as well as rigorous legislation demanding plastic bans imposed by the government in China, India, and Australia. In addition, China, Japan, and other eastern countries have a tradition of using wooden knives like sticks. This custom broadens the use of biodegradable kitchenware in the region. Startup enterprises are developing new innovative items to obtain a competitive advantage in the market. This will increase the need for compostable cutlery in the region.
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Global Biodegradable Cutlery Market Drivers
Growing Environmental Concerns
Government Initiatives
Global Biodegradable Cutlery Market Restraints
High Cost
Limited Availability
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Manufacturers are taking many strategic actions, including technological innovation, intensive R&D for unique raw materials, and new product releases. Huhtamäki Oyj, for example, launched eco-friendly and biodegradable high-quality paper straws in February 2019. The straw material is made of natural fiber derived from paper waste. Major producers are increasing their geographic footprint, particularly in developed countries, in order to obtain the highest levels of technological adoption and customer reach. The establishment of R&D centers, as well as strategic collaborations with investment businesses, will be critical in the next few years to supply new creative technologies in response to regional customer demand.
Top Player’s Company Profiles in Global Biodegradable Cutlery Market
Biodegradable Cutlery Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Biodegradable Cutlery market is Growing public awareness of the hazardous repercussions of non-biodegradable plastic trash is expected to be a prominent market driver throughout the projected period. Furthermore, numerous countries intend to make non-biodegradable plastic illegal by strict laws and policies. As a result of these progressive government policies and increased consumer awareness of the detrimental effects of non-biodegradable plastic, the market for biodegradable tableware is expected to grow. Governments across the world are implementing regulations and policies to reduce plastic waste and promote the use of biodegradable products. This is creating a favorable regulatory environment for the biodegradable cutlery market. The cost of biodegradable plates, cups, spoons, and forks is more than that of regular disposable flatware. This is the biggest constraint to market growth. Furthermore, despite various environmental benefits, some biodegradable polymers release greenhouse gasses during the disintegration process. This could have an effect on the ecosystem. These factors are important hurdles to the market spread of biodegradable plastics.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 41.60 Million |
Market size value in 2031 | USD 71.49 Million |
Growth Rate | 7.0% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Biodegradable Cutlery Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Biodegradable Cutlery Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Biodegradable Cutlery Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Biodegradable Cutlery Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG25I2024
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