Dublin, Jan. 17, 2023 (GLOBE NEWSWIRE) -- The "Biodegradable Cutlery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global biodegradable cutlery market size reached US$ 40.6 Million in 2021. Looking forward, the publisher expects the market to reach US$ 54.6 Million by 2027, exhibiting a CAGR of 5.06% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Biodegradable cutlery refers to compostable tableware that is manufactured using all-natural materials, such as agricultural residues, palm leaves, bamboo, bagasse and cornstarch-based polylactic acid (PLA) plastic.
Reusable spoons, knives, forks, straws, stirrers and flatware are the most common variants available in the market. In comparison to plastic- and petroleum-based products, these utensils cause minimal pollution, use lesser energy and produce negligible waste.
They release nutrients into the soil upon breakdown, owing to which the utensils can either be stored for future use or converted into compost to improve the quality of farm produce.
Biodegradable Cutlery Market Trends:
Increasing consumer awareness regarding the detrimental effects of using non-biodegradable products is among the key factors driving the growth of the market.
Furthermore, the implementation of favorable government regulations discouraging the use of plastic tableware and other products is also providing a boost to the market growth. With the significant expansion in the food and beverage industry, there is an escalating demand for eco-friendly and sustainable cutlery in restaurants, fast food outlets and hotels across the globe.
Additionally, biodegradable cutlery is a viable alternative that provides the convenience of disposable utensils at parties, picnics and other occasions, along with an added advantage of minimal negative impact on the eco-system.
Other factors, including rising disposable incomes, increasing consumer preference for natural and organic products and extensive research and development (R&D) activities to manufacture innovative and cost-effective products, are projected to drive the market further.
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being BioGreenChoice Corp., Bionatic GmbH & Co. KG, Biotrem, Eco Guardian, Eco-Products Inc., Huhtamaki Oyj, NatureHouse Green Products Inc., Vegware, etc.
Key Questions Answered in This Report:
- How has the global biodegradable cutlery market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the the global biodegradable cutlery market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the raw material?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the market?
- What is the structure of the global biodegradable cutlery market and who are the key players?
- What is the degree of competition in the market?
| Report Attribute | Details |
| No. of Pages | 146 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value (USD) in 2021 | $40.6 Million |
| Forecasted Market Value (USD) by 2027 | $54.6 Million |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Biodegradable Cutlery Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Spoon
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fork
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Knife
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Raw Material
7.1 Wood
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Husk
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Paper
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Plastic
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Type
8.1 PLA
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 CPLA
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Starch Blends
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Hotel
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Catering
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Distribution Channel
10.1 Online
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Offline
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Price Indicators
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 BioGreenChoice Corp.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Bionatic GmbH & Co. KG
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Biotrem
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Eco Guardian
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Eco-Products Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Huhtamaki Oyj
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 NatureHouse Green Products Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Vegware
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/dz73yw
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