The wooden cutlery market is anticipated to be worth US$ 184.4 million in 2022 and US$ 245 million by 2028, growing at a CAGR of 4.8 percent over the forecast period. The global market for wooden cutlery will account for 16–18% of the $1.0 billion cutlery market in 2021.
According to Future Market Insights’ annual market report, the direct sales and e-retail sectors will generate US$ 138 Mn in revenue for the wooden cutlery market in 2022.
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According to the most recent Future Market Insights (FMI) analysis, demand for food service outlets will reach US$ 107 Mn in 2022. By 2029, the market is anticipated to have grown at a CAGR of 4.8 percent, reaching US$ 245 Mn.
Historic and Forecast Market Outlook for Wooden Cutlery
The global wooden cutlery market is estimated to witness significant rise during the forecasted period as online food delivery is showing a positive outlook and is expected to create an excellent opportunity for wooden cutlery manufacturers due to its low-cost and eco-friendly nature.
The wooden cutlery market is projected to rise at 3.9% CAGR during the forecast period in comparison to the 4.8% CAGR during historical period.
Wooden cutleries are popular among end users and buyers of disposable cutleries for the retail market segment. Communities and clubs regularly organize get-togethers and meetings to enhance socialization value among individuals in their organizations
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Competitive Landscape
The key manufacturers operating in wooden cutlery market are focusing on increasing their production capacity to meet the increasing demand for wooden cutlery. Moreover, the key players are increasing their product portfolio to cater for the growing wooden cutlery market.
· In April 2021, a company named Swaas has launched biodegradable bamboo cutlery for their retail segment for being eco-friendly and sustainable.
· In October 2021, McDonald’s Canada franchise replaced plastic cutlery with wooden and paper cutlery.
· In May 2020, a company known as BALIISM, has launched bamboo cutlery set to reduce the amount of disposable cutlery garbage.
Key Companies Profiled
· Huhtamaki Group Oyj
· Eco-gecko Products Inc.
· Dinearth Eco Friendly Tableware
· Greenwood (Dalian) Industrial Co., Ltd.
· Bambu LLC
· Eco-gecko Products Inc.
· Vegware Ltd.
· Biotrem
· Bio Futura B.V.
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Wooden Cutlery Market by Category
By Product:
· Spoon
· Fork
· Knife
By End:
· Food Service Outlets
o Hotels
o Restaurants & Cafes
o QSR
· Institutional
o Cinemas
o Catering
o School & Offices
o Hospitals
· Household Use
By Sales:
· Direct Sales
· Distributors
· Retailers
o Hypermarkets
o Supermarkets
o Convenience Stores
o Specialty Store
o Discount Stores
· E-retail
· By Region:
· North America
· Latin America
· Europe
· South Asia
· East Asia
· Oceania
· Middle East and Africa (MEA)
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