As per the recent market research conducted by FMI, the global disposable cutlery market is expected to value US$ 2.6 billion by 2033. In 2023, the market size is anticipated to be US$ 1.6 billion. The CAGR during the forecast period is projected to be at 4.9%.
The disposable cutlery items are witnessing huge demand in the food service outlets and institutional food services. The cutlery items are manufactured and designed in such a manner that these fit according to the style of the occasion. The institutional organizations generally conducted afternoon parties, where the disposable cutlery items are highly preferred due to their small size and sturdy nature.
Asia Pacific is expected to hold the leading market share. Massive street food market, coupled with the application of sustainable raw materials to increase consumer trust is expected to surge market growth.
The United States is experiencing a substantial expansion in the online food delivery market, with a 2022 valuation of US$ 29.4 billion. Online food delivery services commonly offer disposable cutlery as a complementary feature. This, in conjunction with a thriving barbecue market in the United States, is anticipated to drive the demand for disposable cutlery during the forecast period. Additionally, the country is witnessing an increased adoption of packaged food products through online stores, opening up lucrative opportunities in this sector.
Request Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-8180
In the United Kingdom, mobile food services have become a dominant player, with the market currently valued at nearly US$ 2.1 billion. The hectic and sedentary lifestyles of people in the UK have left them with minimal time for meal preparation. Consequently, they frequently turn to mobile food service outlets, often using disposable cutlery due to its cost-effectiveness. This trend underscores the growing importance of disposable cutlery in enhancing convenience for consumers of mobile food services in the United Kingdom.
The COVID-19 pandemic has taught the world to focus more on hygiene. Owing to this, the food sector has been laying lots of emphasis on cleanliness. This has led to an increase in the demand for disposable cutlery as these are hygienic and wrapped when sold by manufacturers.
The manufacturers in the market are making use of biodegradable products to put a check on land pollution. Moreover, biodegradable disposable cutleries are affordable as compared to their non-biodegradable counterparts.
The cloud kitchen market has been witnessing massive growth over the past few years. The US$ 65 billion worth of cloud kitchen market presents huge opportunities. The key players who are into cloud kitchens are making bulk purchases of disposable cutlery items. These are being given as complimentary products to the end customers.
The frozen food market is also expected to surge the sales of disposable cutlery during the forecast period. By 2025, the frozen food market is set to exceed US$ 320 billion. The wooden disposable cutleries are preferred as these are sturdy and the same time light as well. However, the adoption of plastic disposable cutleries is expected to challenge the growth as these lead to an increase in pollution.
FMI analysts are of the view that increasing focus on hygiene, application of biodegradable products, growth of cloud kitchen market and frozen food market, and number of other factors are expected to surge the disposable cutlery market during the forecast period.
Key Takeaways:
- In 2023, the market size is likely to be at US$ 1.6 billion.
- By 2033, the numbers are expected to be at US$ 2.6 billion.
- The market is expected to record a CAGR of 4.9%.
- On the basis of regional analysis, Asia Pacific is expected to hold the leading market share.
- The United States market is expected to secure a CAGR of 3.8%.
- The United Kingdom is projected to register a CAGR of 4.2%.
- Germany market is anticipated to witness a CAGR of 3.9%.
- India market is expected to advance at a CAGR of 7.8%.
- China market is projected to post a CAGR of 6.8%.
- On the basis of fabrication process, the thermoforming segment is expected to hold the leading market share, and is projected to expand at a CAGR of 4.5%.
- On the basis of cutlery type, the dispensed cutlery segment is projected to hold the dominant position in the market, and is anticipated to advance at a CAGR of 4.4%.
The Major Key PLAYERS Are:
- Huhtamaki
- Pactiv
- Gold Plast
Competitive Landscape:
The manufacturers who are operating in the disposable cutlery market are taking important steps toward sustainable development. Thus, there is an increasing effort toward adopting green products. The key players are also making massive investments in mergers and acquisitions to increase their market share. There are also lots of emphasis being laid on making use of the latest technology in order to produce the product of the right dimensions. Manufacturers are investing in research and development activities to focus on quality. The idea is also to invest in marketing and sales activity in order to increase awareness about the product.
In December 2022, Huhtamaki’s MSCI score was upgraded to ‘A,’ driven by improved management practices and decreased water intensity.
Manufacturers work towards achieving Sustainability Goals
Apart from developing new products that can be recycled, manufacturers are taking massive steps to establish a circular economy infrastructure. In order to achieve this, key players have been calling for collaboration with the stakeholders. In February 2023, Huhtamaki launched a 100% mono-PET blister packaging solution, which was a game-changing innovation. It allowed the company to offer the same healthcare-grade capability.
Buy Now/Purchase: https://www.futuremarketinsights.com/checkout/8180
Disposable Cutlery Market Segmentations
By Product Type:
- Spoon (Plastic, Wood)
- Fork (Plastic, Wood)
- Knife (Plastic, Wood)
By Fabrication Process:
- Thermoforming
- Die Cutting
- Injection Molding
By Cutlery Type:
- Wrapped Cutlery
- Dispensed Cutlery
By Sales Channel:
- Direct Sales
- Distributors
- E-retail
- Retailers (Hypermarkets, Supermarkets, Convenience Stores, Specialty Stores, Discount Stores & Warehouse/Wholesale Clubs)
By End Use:
- Food Service Outlets (Hotels, Restaurants & Cafes, Quick Service Restaurants)
- Institutional Food Services (Cinemas, Airline & Railway Catering, Schools & Offices, Hospitals)
- Household Use
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
