Biodegradable Cutlery Market Analysis Report By Raw Material, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global biodegradable cutlery market size was accounted for USD 33.9 million, in 2018 and is projected to grow at asignificant rate of CAGR of 5.9% duringthe forecast period, 2019 to 2025. The growing awareness about hazardous impacts of non-biodegradable waste is expected to positively affect the market growth.

The government has formed strict regulations for banning non-biodegradable plastic. Supportive government initiatives along with growing consumer awareness about side effects of non-biodegradables are projected to boost the market growth.

In addition, the effects of decomposing cutlery items are imposing challenges to manufacturers to develop biodegradable utensils. Thus, the kitchen items manufacturers focus on utilizing disposable material like husk, wood, coconut coir, and bagasse to produce cutlery items. The bagasse can be decomposed inside 90 days, on the other hand plastic requires over 500 years.

The adverse impacts causing aquatic animals and other environmental concerns are a key factor supporting the market growth. According to the United Nations, every year, over 8 million tons of plastic is sewage into oceans. Report studies believe that there is over 5.3 trillion macro plastic is present inside the ocean. All these effects are promoting the use of biodegradable items.

Furthermore, increasing demand for eco-friendly products such as cups and plates across the hotels and restaurants is contributing to market growth. Eco-friendly cutlery provides more convenience include cups, plates that can be carried while vacations, family outings.

However, the biodegradable item such as spoons and cups costs higher than traditional cutlery. Moreover, during the process of manufacturing biodegradable plastics greenhouse gases are released which affects the environment. This factor may restrain the market growth.

Raw Material Insights

The biodegradable cutlery market is bifurcated into husk, wood, plastic, paper, and others. In 2018, plastic material held the highest market share in the overall market. The paper segment is projected to grow at the highest CAGR of 6.3% from 2019 to 2025.

The companies also focus on investing in R & D to develop highly efficient utensils. For example, in 2019, the Green science alliance has produced biomass made from waste woods, scrap trees, paper. These products are biodegradable and fully recyclable.

Moreover, the government authorities are also supporting the manufacturers to produce affordable cutleries. For instance, in 2015, Bakeys foods private limited have introduced edible tableware such as bowls, spoons, and forks to control plastic waste. All these key innovations are expected to boost the product demand.

Regional Insights

In 2018, Europe led the market with largest share of 36.3% in the overall market. Major manufacturers in the region are focusing on innovating new products with the use of raw materials.

For example, leaf republic GmbH has launched leaf tableware items. These cutlery products are produced from paper with no glue, and coloring. These tableware products are easily biodegradable inside 28 days.

Asia Pacific region is projected to grow at the significant rate of CAGRduring the forecasted period. The growing number of hotels and restaurants across the countries such as India, Australia, and Chinaare also spurring the growth of the market.

The local manufacturers focus on introducing new products to compete with other players in the market. For example, YashPapers have introduced eco-friendly tableware products as an option to plastics.

Impact of COVID-19 Insights

The COVID-19 pandemic has negatively impacted the global biodegradable cutlery market. During the first quarter all the cutlery retail shops were shutdown owing to lockdown restrictions. In addition, manufacturers are facing supply chain disruption, and reduced production. All the recycling & manufacturing process of plastic and paper products have been affected by the pandemic.

All the restaurants and hotels are now re-opening under COVID-19 regulations which are projected to boost the growth of the market. However, online distribution channels in the market are expected to increase the demand for biodegradable cutleries.

Biodegradable Cutlery Market Share Insights

Leading players in the market include HuhtamäkiOyj, BETTER EARTH LLC, Biotrem, BIOPAK, Pactiv LLC, Vegware, Genpak, LLC, Eco Guardian, GreenGood USA, and Bionatic GmbH & Co. KG.Top players in the market are focusing on new product innovations, investment in R & D strategies to maintain their position in the market. For example, in 2019, Huhtamaki Oyj has introduced eco-friendly straws.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional,andcountry levels and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global biodegradable cutlery market report on the basis of raw material, and region:

• Raw Material Outlook (Revenue, USD Million,2015 - 2025)
    • Wood
    • Husk
    • Paper
    • Plastic
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • Japan
        • India
    • Central & South America
        • Brazil
    • Middle East &Africa (MEA)