The Disposable Cutlery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Disposable Cutlery Global Market Report 2024, The disposable cutlery market size has grown steadily in recent years. It will grow from $6.36 billion in 2023 to $6.68 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to rise in single-use culture, urbanization and busy lifestyles, growing food delivery services, increasing awareness of plastic pollution, expanding foodservice industry.
The disposable cutlery market size is expected to see strong growth in the next few years. It will grow to $8.37 billion in 2028 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to preference for sustainable packaging, e-commerce growth, customization and branding opportunities, public health concerns, cultural shifts in dining habits. Major trends in the forecast period include technological advancements in materials, biodegradable and compostable materials, rise of plant-based plastics, emphasis on design and aesthetics, innovations in material alternatives.
The rise in penetration of fast food restaurants is expected to propel the growth of the disposable cutlery market going forward. Fast food restaurants are places where patrons can order, pay for, and pick up hot or cold food and drinks from counter service, whether or not they’ll be consumed there or elsewhere. Disposable cutlery is useful in fast food restaurants as they are super hygienic, water-saving, and economic-friendly. For instance, in March 2023, according to EatPallet, a US-based giant restaurant chain, there are 197,163 fast food restaurants in the US in 2022, an increase of 0.6% per year on average over the five years. Therefore, the rise in penetration of fast food restaurants is driving the disposable cutlery market.
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The disposable cutlery market covered in this report is segmented –
1) By Type: Spoon, Fork, Knife
2) By Material: Plastic, Wood
3) By Sales Channel: Supermarkets, Hypermarkets, Convenience Stores, Specialty Stores, Discount Stores, E-Retail
4) By End User: Food Service Outlets, Institutional Food Services, Online Food Ordering
Major companies operating in the disposable cutlery market are focused on introducing advanced and sustainable products such as recyclable and compostable disposable cutlery to gain a competitive edge in the market. Such innovative products are designed to provide the customers with durable and viable alternative of plastic. For instance, In June 2023, Sabert Corp., a US-based manufacturer of innovative food packaging products launched its new patented ‘EcoEdge Paper Cutlery’ product line. The product line includes sharp fork, spoon, serrated knife, and others that are manufactured from FSC-certified renewable resources. The EcoEdge paper cutlery products are designed to stand up against all type of foods such as hot, warm and cold foods that includes soups, ice-cream, oatmeal, and others. These sustainable cutlery goods have smooth finish, natural look, high strength and durability that enhances the dining experience for dine-in consumers, to-go and food-away-from-home customers too.
The disposable cutlery market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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