Disposable Cutlery Market Portrays High-End Demand across Major Geographies
Posted by Arslan on March 15th, 2019
The disposable cutlery market is anticipated to continue its growth on account of the growing on-the-go consumers, coupled with the burgeoning consumer awareness about the consequential health impact associated with plastic usage. In terms of revenue, Fact.MR study on global disposable cutlery market envisaged that disposable cutlery market will accelerate at 4.7% CAGR during the study period (2018-2028), on the back of the myriad factors provided in the disposable cutlery market report.
Fact.MR report on disposable cutlery market opines that disposable cutlery is likely to witness wide sales owing to the paradigm transition in consumer preference for low cost, grab-and-go, and easy-to-carry food packaging options. Further, the disposable cutlery market report perceives that it isn’t feasible for brand owners and manufacturers to offer completely biodegradable plastic-based disposable cutlery. Additionally, the disposable cutlery market will also witness traction on the back of disposable cutlery’s functional attributes, including lightweight, cost-effectiveness, and convenient features, which are expected to create opportunities for manufacturers to tap.
End-User Preference for Lightweight Green Alternatives Growing
The evolving end-user preference for lightweight and eco-friendly disposable commodities is prompting disposable cutlery manufacturers in disposable cutlery market to innovate their operations and expand their existing facilities to lure in extensive on-the-move food consumers. They are specifically focusing on Earth advocates, who are always in the pursuit of green products. Additionally, the functional attributes of disposable cutlery, including easy storage, light weight, user-convenience, low costs, food hygiene, and takeaway features, continue to create opportunities for disposable cutlery manufacturers, thereby bringing traction to the disposable cutlery market.
Wood-Based Disposable Cutlery Takes Center Stage
In recent time, disposable cutlery market has witnessed a shift in demand for biodegradable disposable cutlery composed of wood, owing to stringent regulations and laws prohibiting use of plastic-based disposable cutlery. In compliance with constant regulations, several fast-food operators and other snack chains have started serving food in eco-friendly, green disposable cutlery composed of wood, which in turn is creating opportunities for wood-based disposable cutlery manufacturers to tap. For instance, snacking giants McDonald's, KFC, and several other fast food chains have shunned plastic straws and disposable cutlery from their facilities across several countries, such as France, India, and Singapore, etc. in 2018. These snack chains have replaced plastic disposable straws and cutlery with paper straws and wood-based disposable cutlery, as a part of their initiative to promote go–green practices.
Adoption of Plant-Based Raw Materials Becomes Mainstream
The growing use of plastic every day is creating a lot of plastic waste, due to which regulatory authorities in various countries have imposed bans on plastic use. To comply with the stringent plastic rules in tandem with the urge to curb this menace, several foodservice packaging manufacturers have transitioned to plant-based raw materials for manufacturing disposable packaging materials, such as disposable cutlery, trays, plates, and bowls, to name a few. To capitalize on this emerging trend, key players in disposable cutlery market are expanding in bio-based foodservice manufacturing capabilities. Several manufacturers in disposable cutlery market have made gains in recent times by creating edible disposable cutlery composed of corn, wheat bran, sorghum, and rice, while reducing CO2 emissions considerably.
Widespread Applications in Social Gatherings & Outdoor Events Steering Sales
The rapidly increasing outdoor social gatherings and occasions are creating massive demand for disposable cutlery, propelling manufacturers in disposable cutlery market to create cutlery specially designed for social settings. Outdoor social events and occasions, including community gatherings, weddings, club meetings, etc. create substantial demand for food served in disposable cutlery. Further, the burgeoning camping trend, which is specifically followed by millennial, is creating lucrative growth opportunities in disposable cutlery market, while allowing manufacturers in disposable cutlery market to expand their foothold.
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