Bioplastic Utensils Market Size, Share, Growth, And Industry Growth, By Type (Below 3.0 Grams, 3.0-3.5 Grams, 3.5-4.0 Grams, 4.0-4.5 Grams, 4.5-5.0 Grams, 5.0-5.5 Grams, and Above 5.5 Grams), By Application (Retail & Home and Commercial & Wholesale), Regional Forecast To 2031

Updated On: 08 April 2024

Bioplastic Utensils Market REPORT OVERVIEW

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The global bioplastic utensils market size was USD 42 million in 2022 and is projected to touch USD 69.48 million by 2031, at a CAGR of 5.6% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with bioplastic utensils experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Bioplastics are materials made from the derivatives of renewable sources that can decrease plastic waste on the planet. It is made of biodegradable products that cause no harm to the environment. Not all biodegradable materials can be recycled, but most can be degraded naturally in a short period, making them superior to conventional plastics. Bioplastic cutleries are made from plants and other organic materials such as cpla, wood, sugarcane, etc. Bioplastic or biodegradable utensils consist of various cutlery items such as forks, containers, spoons, plates, and other utensils. The biodegradable utensils or cutlery is 

Bioplastic utensils do not produce carbon dioxide during the decomposition process. Bioplastic cutleries are expected to gain traction in the market owing to the rising number of restaurants that offer quick services, such as McDonald’s, KFC, Pizza hut, and others. The on-the-go food demand from consumers is estimated to drive growth in the global market and augment the adoption of bioplastic cutleries. Moreover, the easy availability of paper plates and cups is projected to aid market growth. 

COVID-19 Impact: Risk of getting infected Boosted Product demand

The outbreak of the pandemic affected the entire world. The risk of being infected surged the demand for bioplastic cutleries. The hospitals and hotels adopted bioplastic cutleries to prevent the virus's spread and avoid contact with the COVID-19 patient. The restaurants and other food-serving companies adopted disposable products to prevent the further spread of the virus. The extra precautions ensured the staff did not contact the contaminated or previously used products. The guardians of the home quarantined patients used eco-friendly cutleries. These factors surged the bioplastic utensils market growth. 

LATEST TRENDS

"Adoption of Biodegradable Cutlery in Commercial Sectors to Drive Trends"

Bioplastic utensils are widely adopted for packaging food in commercial sectors such as hotels, restaurants, house parties, catering services, and hotels. Many restaurants and catering services offer food in biodegradable cutleries to serve in hospitals and offices. Additionally, the population widely uses biodegradable cutleries in ceremonies and occasions due to their cost-effectiveness and 100% safety. The inclination of the companies toward biodegradable utensils is expected to foster bioplastic utensils market growth. 

Bioplastic Utensils Market Segmentation

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• By Type Analysis

By type, the market is segmented into below 3.0 grams, 3.0-3.5 grams, 3.5-4.0 grams, 4.0-4.5 grams, 4.5-5.0 grams, 5.0-5.5 grams, and above 5.5 grams.

• By Application Analysis

Based on application, the market is classified into retail & home and commercial & wholesale. 

DRIVING FACTORS

"The government Ban On the Use of Plastics to Drive Market Growth"

The government introduced various policies to ban the use of non-biodegradable products and utensils. The rising concern of state and central government for environmental safety imposed heavy taxes on the usage of toxic and non-biodegradable products. Using non-biodegradable products creates garbage that cannot be destroyed or decomposed, which affects the environment. Additionally, the rising incidences of throwing used and non-degradable plastics in public places and water bodies such as lakes, rivers, and others forced the government to take preventive measures to save the environment from getting affected and launch bio-degradable utensils. 

"Rising Trend of Online Food Delivery Services to Surge the Market Growth"

With rising globalization and per capita income, the adoption of food delivery applications has also witnessed significant growth as they offer convenience and reliability. Online food delivery apps such as Zomato and Swiggy deliver food to your doorstep. These food delivery services use bioplastic cutleries. Online food services are the primary commercial user of bioplastic utensils and are expected to surge in market growth. The students who migrated to other cities for studies or jobs are prominent users of online food as it offers different cuisine from hotels and a vast menu per their wish. These factors are likely to aid market growth. 

RESTRAINING FACTORS

"Higher Contamination Risks to Impede Growth in the Market"

The bioplastic utensils are made from plants such as soybeans and corns. These crops are sprayed with pesticides and chemicals, which increases the risk of contamination. Biodegradable plastics costs are high as it requires technologically advanced processors and composters which increases the bioplastic utensils cost. Some biodegradable plastics release harmful gases during the process of decomposition. These factors are expected retard growth in the market.

Bioplastic Utensils Market REGIONAL INSIGHTS

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"North America to Lead the Market Due to Steady Adoption of Product "

North America is forecasted to hold maximum contribution in the bioplastic utensils market share ascribed to the escalating number of start-up companies offering on-the-go services to the consumers. The region is expected to have approximately 33% of the total market share owing to the steady adoption of the product.

Europe is likely to own 14% of the market share due to the rising interest of the population in-home cooking and casual and social dining. 

Asia Pacific is also projected to show significant growth in the market due to the rising number of food joints and restaurants in the region.

KEY INDUSTRY PLAYERS

"Key Competitors to Launch High Decomposing Capacity to Grow"

Key companies are estimated to invest in innovation and consumer engagement to grow globally. Key players are focused on offering innovative and improvised products to aid bioplastic utensils market growth. Many prominent players introduced various biodegradable culture items that are reusable and durable such as bamboo containers and plates. Key competitors also launched biodegradable cutleries that consist of natural plants and have a high capacity for decomposing. Increasing demand for biodegradable utensils is encouraging companies to manufacture more products. The competitors are emphasizing developing organic and inorganic growth strategies.      

List of Market Players Profiled

• Biopak (Australia)
• Eco-Products, Inc (U.S.)
• Trellis Earth (U.S.)
• BioMass Packaging (U.S.)
• World Centric (U.S.)
• Bionatic GmbH (Germany)
• GreenGood (Georgia)
• Better Earth (U.S.)
• NatureHouse Green (U.S.)
• BioGreenChoice (U.S.)
• GreenHome (U.S.)
• Vegware (U.K.)
• Biodegradable Food Service (U.S.)
• Ecogreen International (China)
• PrimeWare (U.S.)

INDUSTRY DEVELOPMENT

• July 2021- The Indian Government’s Defense Research and Development Organization (DRDO) introduced biodegradable packaging goods derived from natural and plant-based food-grade ingredients to replace single-use plastic.

REPORT COVERAGE

The report is an overview of the market, including the key players and their recent development. Significant factors are projected to aid bioplastic utensils market growth. The impact of COVID-19 is also represented in the report. List of regions that are anticipated to lead the global market. Factors that may limit the growth of the market. The latest trends are also included in the report. Segmentation of the market based on application and type is represented in the report. These aspects give a complete overview of the market and help the stakeholders gain a better understanding of the market.