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Biodegradable Cutlery Products Market Size, Share, & Trends Analysis Report (2023 – 2030)
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Report Overview
The global biodegradable cutlery products market was valued at USD 2.5 billion in 2022 and is expected to expand at a CAGR of 5.2% from 2023 to 2030. The growing demand for eco-friendly and biodegradable products is driving the market for biodegradable cutlery products. Increasing awareness about the benefits of biodegradable cutlery products is expected to drive the market. Furthermore, the growing demand for clean label products is also driving the market.
Manufacturers are focusing on developing new products to cater to the growing demand from consumers. For instance, in August 2021, Earth Friendly Products, a leading manufacturer of plant-based cleaning and personal care products, introduced a new line of disposable cutlery made from annually renewable plant-based materials that are 100% compostable and biodegradable. Moreover, in July 2021, Indian manufacturer Organic India launched a range of eco-friendly cutlery made from wheat straw. The new range of cutlery is 100% biodegradable and compostable, making it an ideal choice for those looking for a more sustainable option.
The increasing demand for sustainable and eco-friendly products is driving the demand for biodegradable cutlery products. Furthermore, the growing demand for food on-the-go has led to an increase in the demand for disposable cutlery. The disposable cutlery market is expected to grow significantly in the coming years due to the convenience it offers to consumers. Also, the growing demand for convenience and quick meal solutions is driving the demand for disposable cutlery.
Moreover, the increasing demand for premium and luxury disposable cutlery is expected to drive the market. Manufacturers are focusing on developing new products to cater to the growing demand from customers. For instance, in October 2021, India-based manufacturer, Biomed Disposables, launched a new range of luxury disposable cutlery made from 100% compostable, biodegradable and food-grade material. The new range of luxury disposable cutlery is designed to cater to the growing demand for premium products.
Furthermore, the growing demand for convenience and quick meal solutions is driving the demand for biodegradable cutlery products. The increasing number of quick service restaurants (QSRs) and food service outlets is expected to further drive the demand for biodegradable cutlery products. Furthermore, the increasing number of catering services is expected to further drive the demand for biodegradable cutlery products.
Product Insights
The biodegradable cutlery segment led the market and accounted for a share of around 33.3% in 2022. Increasing awareness among consumers regarding the environmental impacts of traditional plastic cutlery has been driving the demand for biodegradable cutlery products over the years. According to an article published in the journal Nature Sustainability, in April 2020, biodegradable cutlery is a promising alternative to traditional plastic cutlery. Furthermore, macro-level factors such as increasing government initiatives to promote the usage of biodegradable cutlery and rising demand from restaurants and other food service outlets are bolstering the demand for biodegradable cutlery products worldwide.
The plates segment is anticipated to expand at the fastest CAGR of 8.8% over the forecast period. Growing demand for eco-friendly alternatives to traditional plates, rising trends for sustainable packaging, and the emergence of various biodegradable plate brands are some of the key factors driving the plates market growth revenue. According to a report published by Transparency Market Research, in June 2020, the demand for biodegradable plates is expected to increase significantly in the near future. In addition, increasing awareness among consumers regarding the environmental benefits of biodegradable cutlery is another factor driving the growth of the market.
Distribution Channel Insights
The supermarkets and hypermarkets segment is estimated to account for the largest share of the biodegradable cutlery products market in 2022. The growth of the segment can be attributed to the increasing consumer inclination towards supermarkets & hypermarkets to purchase biodegradable products. According to a study by the Biodegradable Products Institute in 2021, supermarkets and hypermarkets are the most preferred outlets for consumers to purchase biodegradable products due to the various benefits offered such as low prices, availability of a wide variety of products, and convenience.
The online segment is anticipated to witness the fastest growth over the forecast period. The growth of this segment can be attributed to the growing popularity of e-commerce websites and the rising penetration of smartphones. Moreover, leading biodegradable product manufacturers are introducing online channels to increase their presence in the market. For instance, in March 2021, Daikin Industries, Ltd. launched an online store for its biodegradable products, which offers products such as disposable cutlery and food containers.
Type Insights
The plastic segment is estimated to dominate the biodegradable cutlery market in terms of volume in 2022, with a share of 73.2%. This is attributed to the increasing demand for plastic cutlery due to its low cost and easy availability. Moreover, manufacturers are focusing on using plastic materials with biodegradable properties to meet the growing demand. For instance, in 2018, Tebipen, a Russia-based manufacturer of plastic cutlery, launched a new range of cutlery made from biodegradable plastic.
The wood segment is anticipated to register the highest CAGR of 11.4% over the forecast period. This is attributed to the increasing usage of wood cutlery for hosting events as it is a safe and sustainable option. Moreover, the growing trend of eco-friendly disposables has resulted in the increasing popularity of wood cutlery. For instance, in 2020, Eco-Products, a U.S.-based manufacturer of eco-friendly disposables, launched a range of cutlery made from birch wood.
Regional Insights
Europe dominated the market and accounted for the largest revenue share of over 35.3% in 2022. Increasing demand for sustainable products is one of the key factors driving the market in Europe. According to the European Commission, the EU has set up a number of initiatives to promote the use of biodegradable cutlery products and encourage the production of such products. For instance, in December 2021, the European Commission launched the European Circular Plastics Alliance to promote the use of biodegradable cutlery products in the region.
Asia Pacific is expected to witness the fastest growth in the coming years. The growing consumer awareness regarding the environmental impact of plastic is a key factor driving the market in the region. Additionally, the increasing number of restaurants, hotels, and other foodservice establishments is expected to drive the growth of the market in the region. For instance, in June 2022, the Indian government announced a ban on the production and distribution of single-use plastic items, including plastic cutlery.
Financial Projections
In this part of the biodegradable cutlery products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your biodegradable cutlery products business. Usually, these projections are drafted for a 5-year period.
Revenue Assumptions
The main source of revenues for a biodegradable cutlery products business comes from direct sales, wholesalers, distributors, and retailers. It is important to understand the pricing structure of each of these channels. Other possible sources of profit include donations, grants, and fundraising.
Projecting Expenses
In this section, all the regular expenses related to keeping the biodegradable cutlery products business running will be described. The list of operating expenses includes product development costs, marketing expenses, research & development, manufacturing, packaging, transportation, and other miscellaneous costs.
Key companies & market share insights
Some of the key companies operating in the biodegradable cutlery market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:
– In May 2022, Bambu Home launched a range of biodegradable cutlery made from bamboo.
– In July 2022, Eco-Products, Inc. launched their new line of biodegradable cutlery made from plant-based materials.
– In October 2022, Vegware launched their range of biodegradable cutlery made from recycled materials.
Some of the prominent players in the biodegradable cutlery market include:
– Bambu Home
– Eco-Products, Inc.
– Vegware
– Earth Friendly Goods
– World Centric
– Eco-Choice
– Tater Ware
– Greenwave
– EcoWarehouse
– Green Home Solutions
Global Biodegradable Cutlery Market Segmentation
This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global biodegradable cutlery products market based on material type, application, and region:
1. Material Type Outlook (Revenue, USD Million, 2017 – 2030)
– Polylactic Acid (PLA)
– Oxo-biodegradable
– Starch Blends
– Others
2. Application Outlook (Revenue, USD Million, 2017 – 2030)
– Foodservice
– Households
– Others
3. Regional Outlook (Revenue, USD Million, 2017 – 2030)
– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa
Frequently Asked Questions
[Q]: What is the Potential of Product Innovation?
[A]: With technology breakthroughs accelerating, businesses are implementing cutting-edge production methodologies to improve productivity while also instilling excellent manufacturing standards and product innovation. Biodegradable cutlery products are increasingly gaining traction due to their sustainable material composition, ease of disposal, and convenience. Design innovation is on the rise in the biodegradable cutlery products market, as products are being designed to be lightweight and easy to carry.
[Q]: Who are the Key Players in the Biodegradable Cutlery Products Market?
[A]: Some of the key players in the biodegradable cutlery products market are World Centric, Inc., BioPak Pty Ltd., Vegware Ltd., Eco-Products, Inc., BIOBU GmbH, Eco-Takeout, LLC, and CornStraw, LLC.
[Q]: Which Region Offers the Largest Opportunity for Sales of Biodegradable Cutlery Products?
[A]: North America is expected to be lucrative for the biodegradable cutlery products market, with an absolute dollar opportunity of $16 B (USD).
[Q]: What are the factors driving the biodegradable cutlery products market?
[A]: Key factors such as growing environmental awareness, increasing demand for sustainable products, and the fact that biodegradable cutlery products are more cost-effective than traditional cutlery items are expected to drive market growth over the forecast period.
Research Methodology
Impact Analytix employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation which looks market from three different perspectives. Critical elements of the methodology employed for all our studies include:
Preliminary data mining
Raw market data is obtained and collated on a broad front. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. For a comprehensive understanding of the market, it is essential to understand the complete value chain and in order to facilitate this; we collect data from raw material suppliers, distributors as well as buyers.
Technical issues and trends are obtained from surveys, technical symposia, and trade journals. Technical data is also gathered from an intellectual property perspective, focusing on white space and freedom of movement. Industry dynamics with respect to drivers, restraints, and pricing trends are also gathered. As a result, the material developed contains a wide range of original data that is then further cross-validated and authenticated with published sources.
Statistical model
Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression, and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, industry experience, and domain expertise.
Econometric models are generally used for short-term forecasting, while technological market models are used for long-term forecasting. These are based on an amalgamation of the technology landscape, regulatory frameworks, economic outlook, and business principles. A bottom-up approach to market estimation is preferred, with key regional markets analyzed as separate entities and integration of data to obtain global estimates. This is critical for a deep understanding of the industry as well as ensuring minimal errors. Some of the parameters considered for forecasting include:
Market drivers and restraints, along with their current and expected impact
Raw material scenario and supply v/s price trends
Regulatory scenario and expected developments
Current capacity and expected capacity additions up to 2030
We assign weights to these parameters and quantify their market impact using weighted average analysis, to derive an expected market growth rate.
Primary validation
This is the final step in estimating and forecasting our reports. Exhaustive primary interviews are conducted, face to face as well as over the phone to validate our findings and assumptions used to obtain them. Interviewees are approached from leading companies across the value chain including suppliers, technology providers, domain experts, and buyers so as to ensure a holistic and unbiased picture of the market. These interviews are conducted across the globe, with language barriers overcome with the aid of local staff and interpreters. Primary interviews not only help in data validation but also provide critical insights into the market, current business scenario, and future expectations and enhance the quality of our reports. All our estimates and forecast are verified through exhaustive primary research with Key Industry Participants (KIPs) which typically include:
Market-leading companies
Raw material suppliers
Product distributors
Buyers
The key objectives of primary research are as follows:
To validate our data in terms of accuracy and acceptability
To gain an insight into the current market and future expectations
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