Biodegradable Cutlery Market In-Depth Research On Basis By Raw Material (Wood, Husk, Paper), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030

 

San Francisco, 13 June 2024: The Report Biodegradable Cutlery Market Size, Share & Trend Analysis Report By Raw Material (Wood, Husk, Paper), By Region (North America, Europe, Asia Pacific), And Segment Forecasts, 2023 - 2030

The global biodegradable cutlery market size is expected to reach USD 71.1 million by 2030, expanding at a CAGR 7.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasingly stringent regulations against non-biodegradable plastic across the globe are the primary factor expected to drive the market growth of biodegradable cutlery over the forecast period.

Most countries around the world are expected to ban plastic usage in any form as it has become a prominent global issue. According to a press release by the European Commission in December 2018, the European Parliament and the Council of the European Union framed policies and rule to reduce marine litter through the ban on single-use plastics. In addition to this, in 2015, European Commission proposed a ‘plastic bags’ directive to regulate and restrict the usage of plastic bags. According to this directive, the 28 EU countries were required to adopt any one of the two proposals either to ensure that the usage of plastic bags was reduced to 40 units per year per person from 90 units per year per person. These regulations will increase the awareness as well as the demand for biodegradable cutleries over the forecast period.

The usage of biodegradable tableware is increasing as the global trend to cut down on greenhouse gas emissions and plastic waste makes rapid progress. Cutlery such as spoons, bowls, plates, and other products that can degrade within weeks of being thrown away, is referred to as biodegradable tableware. The amount of packaging trash in municipal solid garbage has been noted to be high, which has raised environmental concerns. Oil-based polymers, a common component of modern packaging, are essentially non-biodegradable. Certain packaging options are also challenging to discard and cannot be used again.

Europe was the largest market in 2022 accounting for around 36% of the total market share globally. On the other hand, North America is expected to become the fastest-growing market with a CAGR of 7.2% from 2023 to 2030. Over the past few years, North America has witnessed a substantial reduction of plastics by major food chains. For instance, Starbucks Corporation, one of the largest coffeehouse chain targets phased out the use of plastic straws and lids, key components of its drinks, conventionally. This initiative will ensure significant growth in the demand for biodegradable cutlery over the forecast period.

Growing public awareness of the negative consequences linked to non-biodegradable plastic waste is expected to be a key driver of the market during the projected period. Furthermore, several countries plan to outlaw non-biodegradable plastic, using strict laws and policies. The market for biodegradable dinnerware is predicted to increase as a result of these progressive government measures and rising consumer awareness of the negative impacts of non-biodegradable plastic.

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Compostable cutleries and tableware are the best alternatives to non-biodegradable plastics and are one of the emerging green businesses. The rising awareness of the adverse effects of non-biodegradable plastic includes severe consequences for aquatic animals. This is one of the major driving factors for the growth of the market. For instance, according to the data provided by the United Nations, more than 8 million tons of plastic is dumped into the ocean every year globally. Another global report suggests that there may be more than 5.25 trillion micro and macro plastic pieces present in the ocean already. These adverse effects drive the usage of biodegradable materials.

Biodegradable Cutlery Market Report Highlights

• In terms of revenue, the paper biodegradable products segment is projected to ascend at a CAGR of 7.3% over the forecast period
• Wood and husk are dominant raw materials which are expected to foresee a high growth rate in the global market over the forecast period
• Europe dominated the global biodegradable cutlery industry in 2022 and constituted around 36% of the total market share. This trend is projected to continue over the next few years
• The increasing awareness of the ill effects associated with non-biodegradable plastics is fueling demand for the product over the forecast period
• The industry is competitive owing to the increasing R&D, product innovation, and new entrants with the latest technology
• Key players includes Huhtamäki Oyj; Biotrem; BIOPAK; BETTER EARTH LLC; vegware; Pactiv LLC; Eco Guardian; Genpak, LLC; Bionatic GmbH & Co. KG; and GreenGood USA
• Various manufacturers are concentrating on new product launches, mergers and acquisitions, and technological innovation to capture the largest share of the existing and future demand

The market for biodegradable cups and plates is being driven by the growing need for environmentally sustainable, secure, and sustainable tableware as a result of the rise in café, fast food outlets, and restaurants. Environmentally friendly cutlery is a practical alternative that provides the convenience of throwaway plates, cups, and spoons for picnics, weddings, and other occasions without causing an adverse environmental impact.

The cost associated with biodegradable plates, cups, spoons, and fork is higher as compared to the traditional disposables cutleries. This is the key factor hampering the market growth. Moreover, despite several environmental advantages, some biodegradable plastic release greenhouse gases during the decomposition process. This may affect the environment to some extent. These factors are major hurdles to the market growth of degradable plastics.

Biodegradable Cutlery Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 41.5 million
Revenue forecast in 2030	USD 71.1 million
Growth Rate	CAGR of 7.0% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 - 2021
Forecast period	2023 - 2030

The manufacturers are adopting several strategic steps, including technological innovation extensive R&D for the innovative raw material, and new product launches. For instance, in February 2023, Huhtamäki Oyj launched eco-friendly and biodegradable high-quality paper straws. The straw material is made up of natural fiber originating from paper waste. The straws are certified for food safety in the U.S., Europe, and China. Key manufacturers in the industry are Huhtamäki Oyj; Biotrem; BIOPAK; BETTER EARTH LLC; vegware; Pactiv LLC; Eco Guardian; Genpak, LLC; Bionatic GmbH & Co. KG; and GreenGood USA.

List of Key Players in the Biodegradable Cutlery Market

• Huhtamäki Oyj
• Biotrem
• BIOPAK;
• BETTER EARTH LLC
• Vegware
• Pactiv LLC
• Eco Guardian
• Genpak, LLC
• Bionatic GmbH & Co. KG
• GreenGood USA