The global biodegradable cutlery market size was USD 37.73 million in 2023. The market is set to increase from USD 39.82 million in 2024 to USD 73.43 million by 2032 at a CAGR of 7.95% during 2024-2032. The rapid expansion of the food and beverage industry is boosting the usage of biodegradable cutlery in restaurants, fast food outlets, and hotels. The increasing need for food product packaging to extend its shelf life without harming the environment is driving the demand for biodegradable cutlery due to its biodegradable and durable nature. Fortune Business Insights™ shares this information in its report titled “Biodegradable Cutlery Market, 2024-2032.”
Top Key Companies Covered in the Biodegradable Cutlery Market:
Information Source: https://www.fortunebusinessinsights.com/biodegradable-cutlery-market-106212****
Segmentation
Surging Demand for Biodegradable Spoons as they are High and Low Temperature Resistant is Fostering Segment Growth
In terms of product type, the market is divided into spoon, fork, knife, and others.
The spoon segment dominates the global market. Increasing demand for biodegradable spoons as they are smooth, kind on the mouth, and high and low temperature resistant is driving segment growth. They are used for tasting ice cream and are resilient in hot liquids. They are robust, 100% eco-friendly, and completely compostable.
The Wood Segment Commanded the Market due to its Natural Elements
By raw material, the market is categorized into wood, husk, paper, plastic, and others.
The wood segment commanded the biodegradable cutlery market share due to its natural elements. To make affordable biodegradable cutlery, many market participants are focusing on R&D.