Biodegradable Cutlery Market by 2025 - Top Companies, Trends and Future Prospects Details for Business Development
According to the latest report by IMARC Group titled, “Biodegradable Cutlery Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the market to expand at a CAGR of around 5% during 2020-2025.
Packaging waste represents one of the significant parts of municipal solid waste. It comprises a wide range of oil-based polymers that are non-biodegradable in nature. Currently, there is a rise in the demand for biodegradable cutlery, which is manufactured using all-natural materials, such as bagasse, bamboo, palm leaves, agricultural residues and cornstarch-based polylactic acid (PLA) plastic. This can be accredited to the increasing environmental concerns among individuals across the globe. As compared to plastic- and petroleum-based products, biodegradable cutlery generates minimal pollution, utilizes lesser energy and produces negligible waste.
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At present, governments of various countries are implementing stringent regulations to ban the utilization of plastic tableware, which represents one of the significant factors catalyzing market growth. Apart from this, due to expanding food and beverage (F&B) industry, there is an increase in the demand for eco-friendly and sustainable cutlery solutions in restaurants, fast food outlets and hotels around the world, which is further bolstering the market growth. Furthermore, prominent industry players are investing in research and development (R&D) activities to introduce innovative and cost-effective product variants. This is anticipated to expand their existing consumer base and consequently drive the market growth in the coming years.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/biodegradable-cutlery-market
Insights on Market Segmentation:
Breakup by Product
1. Spoon
2. Fork
3. Knife
4. Others
Breakup by Raw Material
1. Wood
2. Husk
3. Paper
4. Plastic
5. Others
Breakup by Type
1. PLA
2. CPLA
3. Starch Blends
Breakup by Application
1. Hotel
2. Catering
3. Others
Breakup by Distribution Channel
1. Online
2. Offline
Breakup by Region
1. North America
2. Asia Pacific
3. Europe
4. Latin America
5. Middle East and Africa
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., Huhtamäki Oyj, NatureHouse Green Products Inc., Vegware, etc.
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