The global biodegradable cutlery market is currently experiencing a healthy growth. Looking forward, the market is anticipated to expand at a CAGR of around 5% during 2020-2025.
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.
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., Huhtamki Oyj, NatureHouse Green Products Inc., Vegware, etc.
Key Questions Answered
How has the global biodegradable cutlery market performed so far and how will it perform in the coming years?
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?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Key Industry Trends