The global biodegradable cutlery market size was USD 35.85 million in 2022. The market is set to increase from USD 37.73 million in 2023 to USD 61.6 million by 2030 at a CAGR of 7.2% during 2023-2030.
Information Source: https://www.fortunebusinessinsights.com/biodegradable-cutlery-market-106212
The rapid expansion of the food and beverage industry is boosting the usage of biodegradable cutlery in restaurants, fast food outlets, and hotels. The increasing need for food product packaging to extend its shelf life without harming the environment is driving the demand for biodegradable cutlery due to its biodegradable and durable nature. Fortune Business Insights™ shares this information in its report titled “Biodegradable Cutlery Market, 2023-2030.”
COVID-19 Impact:
Suspensions in Recycling Programs and Biodegradable Item Production during the Pandemic Hampered Market Growth
The COVID-19 pandemic had an adverse effect on the biodegradable cutlery market growth. Closed commercial spaces amid the lockdown decreased biodegradable cutlery sales, which restrained market progress. Suspensions in recycling programs and biodegradable item production during the pandemic limited market growth.
Regional Insights
Increase in Product Offerings by Top Producers is Driving Market Expansion in Europe
Europe registers the largest market share. Increasing producers’ concentration on new product offerings to increase their product portfolios and expand production and distribution is driving market growth in the region. Growing demand for biodegradable tableware to decrease greenhouse gas emissions in the region is projected to boost market expansion over the forecast timeframe.
The market in North America is expected to rise during the forecast period due to a growing emphasis on the harmful effects of non-biodegradable plastic waste and the rising adoption of environmentally friendly products.
Competitive Landscape
Top Market Players Focus on Offering Eco-friendly Products to Expand their Product Portfolio
A rise in the introduction of eco-friendly products that are more durable and reusable by key market players is expected to boost market growth in the coming years. For instance, bamboo plates and containers are presented as environmentally friendly and bio-friendly substitutes for plastic cutlery. These organic products give the tableware a classier look and are not toxic.
Key Industry Development
- December 2020: A variety of compostable packaging tableware produced from sugarcane fiber, called bagasse, was introduced by an Indian paper and packaging company, Yash Pakka, under the brand name CHUK.
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