In 2018, the global biodegradable cutlery market was worth USD 33.9 million, and it is expected to expand significantly in the coming years. Increased understanding of the adverse consequences of non-biodegradable plastic wastes is expected to propel the industry forward during the projected era.
Related Projects:- Biodegradable Products, Recyclable, Disposable, Eco-Friendly Plastics
Furthermore, the governments of many countries have enacted strict rules and measures to prohibit the use of non-biodegradable plastic. The market for biodegradable tableware is expected to rise as a result of favourable government policies and increased customer understanding of the negative effects of non-biodegradable plastic.
Rising Demand of Disposable Cutlery
Concerns about the decomposition properties of cutlery made from synthetically derived plastics are likely to cause kitchen utensil producers to use disposable products such as bamboo, bagasse, husk, and coconut coir. Furthermore, these disposable cutlery raw materials, especially bagasse, decompose in 90 days, as opposed to the more commonly used plastics, which take over 500 years to decompose.
Furthermore, despite many environmental benefits, some biodegradable plastics emit greenhouse gases during the decomposition process, which can have an effect on the atmosphere. These are the main roadblocks to the development of the biodegradable cutlery industry.
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Market Insights
Based on the raw material, the industry is divided into wood, husk, paper, plastic, and other categories. In 2018, the plastic group had the highest market share. The fastest-growing category is expected to be paper, which is expected to rise at a CAGR of 6.3 percent over the projected period.
Many firms are doing comprehensive research and development in order to provide biodegradable utensils at a reasonable price. Green Science Alliance, a chemical corporation, for example, invented a renewable compost consisting of paper, waste timber, vegetables, and scrap trees in March 2019.
The creative content can drive the development of the compostable cutlery market and provide opportunities for the industry. Both the public and private sectors are investing heavily in R&D to produce sustainable biodegradable cutlery. Any of the market's newcomers are coming up with novel ideas, such as edible cutlery.
To achieve a strategic advantage in the industry, startups are introducing new creative products. For example, Yash Papers Ltd., an Indian startup, launched a full line of biodegradable and eco-friendly tableware in September 2017. As a better solution to plastics, the organization promotes the use of environmentally friendly materials in the food industry. The market for compostable cutlery in the area will be boosted as a result of this.
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Breakup by Product
· Spoon
· Fork
· Knife
· Others
Raw Material Outlook (Revenue, USD Million, 2021)
· Wood
· Husk
· Paper
· Plastic
· Others
Competitive Landscape
The competitive landscape of the industry has also been examined with some of the key players being BioGreenChoice Corp., Bionatic GmbH & Co. KG, Biotrem, Eco Guardian, Eco-Products Inc., Huhtamäki Oyj, NatureHouse Green Products Inc., Vegware, etc.
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Government Shifting Focus Towards Biodegradable India
All through India, people are being encouraged to shift towards biodegradable products. Light-weight disposable carry bags are now outlawed by the federal government, and more than half of the states have outright forbidden them. Therefore, Prime Minister Narendra Modi is discouraging the use of single-use plastics.
The government is towards the Make in India movement and encouraging swadeshi goods, made of biodegradable stuff.
Additionally, the introduction of favorable government legislation banning the use of plastic tableware and other products is fueling demand growth. With the growth of the food and beverage industry, there is a growing need for environmentally friendly and organic cutlery in restaurants, fast food chains, and hotels all over the world.
Furthermore, biodegradable cutlery is a feasible option that offers the ease of plastic utensils at weddings, picnics, and other activities while still providing a low environmental impact.
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