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The global disposable cutlery market is expected dispose off linear transition and move towards exponential transition between 2022 and 2031 at a CAGR of 4%, reaching US$ 2.4 Bn by the year 2031. For both indoor and outdoor food service activities, disposable cutlery has emerged as the most cost-effective and efficient option. In a new report, Future Industry Insights (FMI) predicts that the market will expand by 0.9 percent year over year in 2021, after posting negative returns in 2020.
Disposable cutlery has been a game changer in hotels, pubs, bars, and beyond. For example, these cutlery are in high demand in schools and offices due to their ease and hygienic factor. Disposable cutlery’s ease of use and low cost, as well as the availability of dispensed and wrapped versions, are boosting expansion.
Disposable spoons are predicted to continue to be in great demand. While the bulk of disposable spoons marketed worldwide are still made of plastic, customers are gradually shifting to wooden spoons. Wooden spoons are widely used and thrown in nations such as India, France, and others that have enacted strict restrictions prohibiting the use of plastic.
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Disposable Cutlery Market Key Takeaways
The disposable cutlery sector has a bright future, according to FMI. After experiencing negative growth during COVID-19, the market is expected to rise at a rate of 4.4 percent between 2021 and 2031.
The United States is estimated to account for 86% of disposable cutlery sold in North America.
The recovery of the United Kingdom following COVID-19 will be slow and steady. In 2021, FMI forecasts a 1% year-over-year increase.
Germany and Spain will continue to have a positive outlook.
East Asia will be led by China, while India is likely to drive South Asia’s expansion.
“To improve customer happiness, leading players are developing disposable cutlery built from a variety of materials, with appealing looks and specialised applications.” Furthermore, there is a growing focus on the development of green disposable cutlery made of plant starch, wood, and bamboo, which is expected to increase the industry in the near future,” according to an FMI analyst.
Rising Demand for ‘On-the-go Food’ Fuelling Sales
Millennials are increasingly looking for personal experiences with trendy goods. They also represent a major and rapidly growing segment of the market. In order to better satisfy the increasing demand of millennial, who prefer on-the-go food producers are also concentrating on expanding their disposable cutlery portfolios. To allow maximum customer convenience, they are seemed to be focusing increasingly on design. Ease in storage and grab-and-go features of disposable cutlery also contribute towards their sales, apart from practical features such as low costs and food hygiene.
In order to cater to the increasing number of on-the-go customers, foodservice operators provide different services such as ‘takeaway’ and ‘drive through’. In response to this, the demand for disposables in the food service is expected to dramatically rise over the next five years.
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Impact of COVID-19 on Disposable cutlery Market
COVID–19 has caused drop in sales in 2020-21. This is mainly due to the continuing challenges faced by food service outlets and institutional food service businesses, which are the biggest customers of disposable cutlery. Restaurants, quick service restaurants (QSRs), bars, pubs, and coffee shops remained shuttered for prolonged period to contain the virus, causing disposable cutlery sales to contract.
Nonetheless, the focus on hygiene has caused considerable shift in behaviour pattern among consumers. There is higher inclination towards getting food delivered than dining out even after economies are returning to normalcy. Likewise, the demand for disposable cutleries is surging in comparison to reusable ones to ascertain better hygiene.
Huhtamaki Oyj, Pactiv LLC, Dart Container Corporation, and Georgia-Pacific LLC are the top players operating in the disposable cutlery market. Additionally, DOpla S.p.A., Vegware Ltd, I.L.P.A. S.p.A. Group, Genpak, LLC, D&W Fine Pack LLC, and Novolex Holdings, Inc. are some of the leading players operating in the market. Companies operating in the market are focusing on innovations to gain competitive advantage.
Future Market Insights, in its new report, offers an unbiased analysis of the global disposable cutlery market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the disposable cutlery market on the basis of product type (spoon (plastic (PP, PS, PLA) and wood)), fork (plastic (PP, PS, PLA) and wood)), and knife (plastic (PP, PS, PLA) and wood)), fabrication process (thermoforming, die cutting, and injection molding), cutlery type (wrapped cutlery, and dispensed cutlery), end-use (food service outlets (hotels, restaurants & cafes, quick service restaurants (QSR)), institutional food services (cinemas, airline & railway catering, schools & offices and hospitals) and household use) and sales channel (manufacturers (direct sales), distributors, e-retail, and retailers (hypermarkets, supermarkets, convenience stores, specialty stores, discount stores & warehouse/wholesale clubs)) across seven regions.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Disposable Cutlery Market Expanding at a CAGR of 4%, reaching US$ 2.4 Bn by the year 2031 appeared first on Future Market Insights.
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