During the forecast period, the plastic cutlery market is expected to demonstrate steady growth with a 4% compound annual growth rate (CAGR), transitioning from its 2021 value of US$ 1.6 billion to an estimated valuation of US$ 2.47 billion by the year 2032.
Saudi Arabia’s foodservice industry and sales of plastic cutlery are experiencing significant expansion driven by several key factors. The rise in urbanization, rapid growth of meal delivery services, an increasing number of young adults and the working population, and rising disposable income have collectively fueled this growth.
Chained consumer food services, particularly fast food and informal dining, are witnessing substantial growth, thereby increasing the demand for plastic cutlery. International restaurant chains like Applebee’s, Chili’s, Outback Steakhouse, and TGI Fridays have made their mark in the United States and are contributing to the surge in plastic cutlery sales.
These global chains have adopted a strategy of customization and localization, adapting their menus to cater to regional tastes. Their international expansion efforts are further driving the North American foodservice disposable plastic cutlery market.
Additionally, Saudi Arabia’s food home delivery services have been given a boost by an increase in restaurant mergers and acquisitions (M&A), creating more opportunities for plastic cutlery sales. The acquisition of HungerStation by Hellofood, a part of Food Panda, has notably contributed to this trend, highlighting the dynamic nature of the foodservice industry in the region.
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Key players covered in the report include:
- Solia
- Dart Container Corporation,
- Eco-Products, Inc.
- Fuling Global Inc.
- Biopac India Corporation Ltd.
- DOpla
- TrueChoicePack Corporation
- Lollicup USA Inc.
- Huhtamaki Oyj
- Genpak LLC
Recent developments in the Plastic Cutlery Industry:
- Pactiv LLC spent US$ 4.5 million in its Columbus, Ohio plant in December 2015 to build two new manufacturing lines.
- D&W Fine Pack LLC introduced Cruiser Ware oblong containers and lids in October 2016 as a solution for take-out, to-go, and prepared dishes.
- Dart Container Corporation spent US$ 40 million in the establishment of an innovation centre in Michigan, United States, in August 2017.
- Excel Displays and Packaging, a retail packaging and point-of-purchase display company, was bought by Georgia-Pacific LLC in March 2016.
Key Growth to the Plastic Cutlery Industry Share
- Urbanization and Lifestyle Changes: Increasing urbanization and evolving lifestyles have led to greater demand for on-the-go and disposable dining options, boosting the market for plastic cutlery.
- Rapid Expansion of Food Delivery Services: The growth of meal delivery services, especially in the wake of the digital age, has increased the use of plastic cutlery as a convenient option for food consumption.
- Demographic Trends: The rising numbers of young adults and the working population, who often seek convenient and disposable dining solutions, are contributing to the growth of the plastic cutlery market.
- Disposable Income: Increasing disposable income levels in many regions have made consumers more willing to opt for the convenience and affordability of plastic cutlery.
- Fast Food and Casual Dining Popularity: The thriving fast food and casual dining sector, including popular international chains, is driving the demand for plastic cutlery, especially in the context of chained consumer food services.
- Customization and Localization Strategies: Global restaurant chains are adopting strategies of customization and localization, adapting their menus to cater to regional preferences. This approach is boosting the sales of plastic cutlery and foodservice disposable items.
Innovations Driving Change in the Plastic Cutlery Industry
The Plastic Cutlery Market is witnessing continuous innovation to address environmental concerns and improve user experiences. Some noteworthy innovations include:
- Edible Cutlery: Edible cutlery, made from nutritious ingredients like wheat, rice, or sorghum, is gaining popularity as a unique and sustainable option that reduces waste.
- 3D Printing: 3D printing technology is revolutionizing the manufacturing process, enabling the creation of customized, biodegradable cutlery designs.
- Plant-Based Materials: Research and development in plant-based materials have led to the creation of sturdy and eco-friendly cutlery options with minimal environmental impact.
Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Plastic Cutlery market
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Key Segmentations
Valuable information covered in the FMI’s Plastic Cutlery market report has been segregated into key segments and sub-segments.
By Product Type:
- Spoon
- Fork
- Knife
- Straw
- Others
By Sales Channel:
- Retailers
- Manufacturers
- Distributors
- E-retail
By End User:
- Household
- Food service outlets
- Institutional food service
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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