Global Plastic Cutlery Market Size & Trends Shows a Rapid Growth by 2028.
The global plastic cutlery market is anticipated to grow at a CAGR of 1.5 % during the forecast period (2022-2028). The global plastic cutlery market is growing due to the increasing demand in the food service industry for disposable cutlery to reduce costs. The increasing awareness among the individual about hygiene and clean way of delivering food is propelling the growth of the market. The increasing awareness about the benefits associated with disposable cutleries over traditional cutleries and metal utensils further supporting the growth of the market over the forecast period.
The rise in disposable income coupled with the changing consumer lifestyle are surging the growth of the market. The rising consumer popularity of takeaway food and fast food outlets is also expected to create the demand for the plastic cutlery market during the forecast period. The increasing demand for cloud kitchens over traditional restaurants is also driving the growth of the market. Moreover, the rising usage of online food delivery services by different food delivery partners, the increasing investment by the market players in the development of new innovations in the design and functionality of disposable plastic cutlery to make it more appealing to consumers are further drivers propelling the growth of the global plastic cutlery market over forecast period.
Some major players in the market include Huhtamaki, Dart Container Corp., Lollicup USA Inc., TCP, Eco-Products, Inc., Fuling Global Inc., Swan Mill Paper Company Ltd., BioPak, and DOpla S.p.A. among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance,
- In October 2019, AR Packaging announced the launch of fiber-based cutlery in cooperation with Bionatic GmbH & Co. KG.
- In May 2021, Celebration Packaging Ltd. announced the launch of its disposable and fully recyclable paper cutlery range in retail packs.
Competitive Landscape-
Huhtamaki, Dart Container Corp., Lollicup USA Inc., TCP, Eco-Products, Inc., Fuling Global Inc., Swan Mill Paper Company Ltd., BioPak, DOpla S.p.A., among others.
By Type
- Knife
- Fork
- Spoon
- Straw
- Others
By Application
- Residential
- Commercial
By Sales Channel
- Online
- Offline
Scope of the Report
The research study analyzes the Global Plastic Cutlery industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Plastic Cutlery Market Report
1. What was the Global Plastic Cutlery Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Plastic Cutlery Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Plastic Cutlery Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Plastic Cutlery market.
- The market share of the Global Plastic Cutlery market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Plastic Cutlery market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Plastic Cutlery market.
The report will be delivered within 48-72 hours after payment confirmation