NEWARK, DE / ACCESSWIRE / February 28, 2023 / 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 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.
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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%.
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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.
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Disposable Cutlery Market Segmentation
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
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- The Middle East and Africa
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Table of Content
1. Executive Summary | Disposable Cutlery Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter's Analysis
3.9. Regulatory Landscape
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
Explore wide-ranging Coverage of FMI's Packaging Market Insights Landscape:
Bag-in-Box Market Size: The global bag-in-box market size is projected to reach US$ 3.5 billion in 2023. By 2033, it is expected to generate a valuation of US$ 6.1 billion. A CAGR of 5.7% is expected for the global market from 2023 to 2033.
Pulp Molding Machines Market Share: The pulp molding machine market is estimated to reach a valuation of US$ 740.5 million in 2023. The market is expected to register a CAGR of 3.7% and reach a valuation of US$ 1.1 billion in 2033 from 2023 to 2033.
Aluminum Foil Containers Market Demand: The aluminum foil containers market is expected to reach a valuation of US$ 3.8 billion in 2023 and record a CAGR of 5.5%. The valuation is projected to reach US$ 6.5 billion over the forecast period.
USA Stretch Hood Films Market Growth: The USA stretch hood films market size is expected to reach a valuation of US$ 225.9 million in 2023. It is further anticipated to expand at a CAGR of 5.2% between 2023 and 2033.
Intelligent Packaging Market Analysis: The global intelligent packaging market is expected to account for US$ 23.6 billion in 2023. Total demand for intelligent packaging will rise at 9.0% between 2023 and 2033. By the end of 2033, the global intelligent packaging industry size is set to reach US$ 56.0 billion.
About Future Market Insights, Inc.
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