The Asia Pacific Biodegradable Cutlery Market would witness market growth of 7.6% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 481.5 thousand units, showcasing a growth of 7.1% (2019-2022).
Plastic utilization contributes to an increase in pollution through the production of waste. As a result, governments across the region are enacting stringent regulations that prohibit the use of plastic. Due to these prevailing standards, consumer preference is progressively transitioning towards cutlery crafted from bioplastic and wood. Furthermore, it is expected that the portability that comes with these biodegradable cutlery sets will further stimulate the growth of this market. The increasing prevalence of eco-friendly cutlery, including spoons, cups, and plates, at excursions and parties is an additional significant factor anticipated to propel the market.
Growing consumer preference for vegan products has contributed to the tremendous popularity of edible cutlery in both developed and emergent markets. In addition, increasing disposable income and health consciousness have contributed to expanding edible cutlery. In addition, the introduction of additional healthy flours and botanicals by various market participants is another factor contributing to the industry's expansion.
Numerous offline sales platforms and developing nations with an ever-improving supply chain distribute goods throughout Asia. In Asia Pacific, biodegradable cutlery is available through digital and physical channels. Additionally, as one of the Asia-Pacific nations with the most rapid economic growth, India is experiencing a surge in the need for biodegradable products due to the expansion of its hospitality industry. Hence, the increasing tourism in the region is propelling the growth of the biodegradable cutlery market.
The China market dominated the Asia Pacific Biodegradable Cutlery Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,266.1 Thousand by 2030. The Japan market is registering a CAGR of 6.9% during (2023 - 2030). Additionally, The India market would experience a CAGR of 8.2% during (2023 - 2030).
Based on Raw Material, the market is segmented into Wood, Paper, Plastic, Husk, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Biodegradable Cutlery Market is Predict to reach $65.7 Million by 2030, at a CAGR of 6.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Huhtamaki Oyj, Pactiv Evergeen Inc., Vegware Ltd. (Novolex), Biotrem, Biopak (Duni AB), Genpak, LLC (Great Pacific Enterprises, Inc.), TIPA Corp. Ltd., Ecoware, Better Earth LLC , Eco Guardian Inc.
By Raw Material (Volume, Thousand Units (Pack of 100), USD Thousand, 2019-2030)
By Country (Volume, Thousand Units (Pack of 100), USD Thousand, 2019-2030)
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