The global biodegradable cutlery market size was valued at USD 33.9 million in 2018 and is anticipated to witness significant growth in the coming years.
Increasing awareness regarding harmful effects associated with non-biodegradable plastic wastes is a key factor likely to drive the market in the forecast period.
In addition, stringent regulations and policies are framed by the government of several nations in order to ban the non-biodegradable plastic. Favorable government initiatives, coupled with increasing consumer awareness regarding ill effects of non-biodegradable plastic, are anticipated to boost the demand for biodegradable tableware.
New business research claims that the wooden cutlery market is estimated to reach a value of approximately $150 million in 2019 and expand at a CAGR of around 5% between 2019 and 2029. The study suggests that "wooden cutlery is a better alternative to plastic and steel cutlery, owing to its eco-friendly and biodegradable properties,” said the report by Future Market Insights (New York).
Compostable cutleries and tableware are considered to be the best alternatives to non-biodegradable plastics. Rising awareness regarding adverse effects of non-biodegradable plastic, including severe consequences on aquatic animals, is one of the major factors for the growth of market. For instance, according to the data provided by the United Nations, more than 8 million tons of plastic is dumped into the ocean every year globally. Another global report suggests that there may be more than 5.3 trillion micro and macro plastic pieces present in the ocean. These adverse effects promote the usage of biodegradable materials.
Rising demand for eco-friendly, safe, and sustainable cutlery owing to increasing number of restaurants, fast food joints, and cafeterias is fueling the demand for biodegradable plates and cups. Environment friendly cutleries are a feasible alternative that offers the convenience of disposable plates, cups, and spoon in picnics, parties, and other occasions. Moreover, they do not have any negative impact on the environment.
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