Vijay Kundekar (5)

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Wooden Cutlery Market is Projected to Grow at
CAGR of 5.0 during 2019-2029 FMI Reports

• Feb 2020

Report Id REP-GB-7605 Published On
30-Sep-2019 Category Packaging
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Research Methodology (1/2)

• Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
PMR formulates a detailed discussion guide to conduct expert and industry interviews
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Wooden Cutlery Market Analysis
A new market research report by Future Market
Insights on the wooden cutlery market includes
the global industry analysis 20142018 and
opportunity assessment 20192029. The report
analyses the wooden cutlery market and provides
critical insights for the forecast period
2019-2029. As per the findings of the report, the
global wooden cutlery market is projected to
experience significant growth over the forecast
period due to multiple driving factors. The
global wooden cutlery market is estimated to
reach a value of US 150 Mn in 2019, and expand
at a CAGR of 5.0 during the forecast period. In
the report, FMI suggests that the wooden cutlery
are the better alternative to plastic and steel
cutlery, owing to its eco-friendly and
biodegradable properties. The global market for
wooden cutlery has been segmented on the basis of
product, end use, sales channel, and regions such
as North America, Latin America, Europe, South
Asia, East Asia, MEA, and Oceania.
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Wooden Cutlery Market Analysis
As the global sustainability drive continues to
reach new heights, a number of end users,
especially foodservice industry, are leaning
towards green solutions and biodegradable
products, resulting in surge in the demand of
wooden cutlery. Tapping into opportunities in new
sectors and regions where restrictions have
imposed on the use of single-use plastics will
remain key to gaining competitive advantage for
the market players, according to the FMIs
analysis.
North America Remains at the Forefront FMIs
study analyses that North America is expected to
remain at the forefront of the global wooden
cutlery market throughout the forecast period. In
North America, the wooden cutlery market is
expected to be driven by increase in number of
single-person households along with increase in
living standards and changing lifestyles. Rapid
adoption of online food services in the region
has further escalated the demand for wooden
cutlery. Simultaneously, increase in demand for
biodegradable cutlery and growing awareness
towards the ill effects of plastic will continue
to contribute to the growth of the wooden cutlery
market.
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Wooden Cutlery Market Analysis
Opportunities Abound in East Asia South
Asia East Asia holds significant share in the
global wooden cutlery market, and is expected to
attain notable CAGR during the forecast period.
In East Asia, China is foreseen to remain
prominent market, accounting for half of the
revenue share during the forecast period. China,
with low labour cost and highly efficient
workers, produces large volume of wooden cutlery.
Wooden cutlery made in China are available at
comparatively low price, and are exported in
large volume to other regions.
In South Asia, India is expected to remain
prominent market for wooden cutlery. Online food
delivery system is growing at tremendous pace in
the region, with evolving organized foodservice
retail chains.  Escalating demand for convenience
among consumers has resulted in increased
delivery of food and cutlery consumption. The
trend of using biodegradable and eco-friendly
cutlery is increasing in the region, due to
awareness program carried out by wooden cutlery
market players such as Pappco Greenware against
the effects of single-use plastic cutlery. Such
trends are thus expected to fuel the growth of
the wooden cutlery market in South Asia. 
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Wooden Cutlery Market Analysis
Wooden Cutlery Market Vendor Insights In this
report, Future Market Insights has presented
several strategies adopted by the key players in
the wooden cutlery market, tracked by an analysis
of the current developments. The key players,
which have been profiled in the report on the
wooden cutlery market includes Huhtamaki Group
Oyj, Chefast kitchen accessories, Mede Cutlery
Company, Eco-gecko Products Inc., Caoxian Luyi
Wooden Product Co., Ltd., Bambu LLC, VerTerra
Dinnerware, Leafware LLC, Biopac UK Ltd., Vegware
Ltd., Bio Futura B.V., Ecoware Biodegradables
Inc., Ecoriti, Vrag Fils Airlaid Pvt. Ltd,
Natural Tableware, Packnwood (First Pack),
Biotrem, Pavrex Wooden Products, Greenwood
(Dalian) Industrial Co., Ltd., and Pappco
Greenware, among others.
Source Link https//www.globenewswire.com/news-re
lease/2019/10/03/1924735/0/en/Wooden-Cutlery-Marke
t-is-expected-to-grow-at-a-CAGR-of-5-during-the-fo
recast-period-2019-to-2029-Future-Market-Insights.
html
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Wooden Cutlery Market Analysis

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  intelligence, statistical anecdotes, technology
  inputs, valuable growth insights and an aerial
  view of the competitive framework and future
  market trends.

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Wooden Cutlery Market Analysis
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