Global Biodegradable Cutlery Market: Snapshot
Biodegradable cutlery has gathered groundswell of interest among consumer worldwide due to compelling environmental reasons. To that end, augmenting the popularity of biodegradable utensils are their better sustainability than plastics cutlery and the salient environmental-friendliness of biodegradable materials. In particular, biodegradable cutlery made of plant-based materials and biodegradable bio-plastics have attracted widespread attention world over. Over the years, several countries have made concerted efforts to increase the awareness about the scope of disposability of biodegradable cutlery products. The biodegradable cutlery market has also seen advancements in educating end users about the correct procedures and limitations involved.
Most popularly, eco-friendly cutlery are made using corn, areca leaves, and bagasse, and rice husk. Over the years, the remains of fast growing trees have been utilized. The demand for biodegradable cutlery made with bamboo in regions where they are abundantly available has gathered stream, such as in India.
Global Biodegradable Cutlery Market: Growth Dynamics
Growing demand for disposable and inexpensive utensils in various emerging economies is catalyzing the rise in the biodegradable cutlery market. They have gathered traction in a range of large gatherings such as parties, rallies, and social events. In several parties and big events, the demand for reusable spoons and plates is fast gathering steam.
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In recent years, a number of social events and international sport events have made efforts to popularize biodegradable cutlery. Manufacturers also have been coming out with exotic design. The biodegradable cutlery market have prospered on the back of these initiatives. Further, as the use of single-use plastics have been cutting flak from several quarters in various parts of the world, biodegradable cutlery is coming out as promising cost-effective options, feels investors in the market.
Emerging markets have seen the growing use of e-commerce channels by manufactures to promote premium products such as tableware made from rice husk. The growing penetration of e-commerce in various parts of these emerging economies has lent a viable impetus to the expansion of the biodegradable cutlery market.
Some of the prominent players operating in the biodegradable cutlery market are:
- GreenGood USA
- Bionatic GmbH & Co. KG
- Eco Guardian
- Pactiv LLC
- BETTER EARTH LLC
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Global Biodegradable Cutlery Market: Regional Assessment
Of the various regions, Europe has emerged out as potentially lucrative market. Constant efforts of manufacturers to launch new products as well growing numbers of players have cemented the potential of the biodegradable cutlery market. Also, top players in the region are looking for novel raw materials to develop innovative products to consumers at large.
Asia Pacific, meanwhile, is witnessing vast potential, propelled increasingly by the implementation of ban on plastic cutlery at various places, especially in emerging economies. Also, general awareness about biodegradable cutlery is flourishing fast in these regions, thus catalyzing their uptake in large scale in public gatherings.
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