Bio Based Cutlery Market Analysis

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: 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.

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.

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.

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