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Disposable Cutlery Market Size, Share, Growth Analysis, Industry Trends And Forecast 2023-2032 | Huhtamaki Oyj, Pactiv LLC, Georgia-Pacific LLC, Dart Container Corporation, D&W Fine Pack
Disposable Cutlery Market Report
The Business Research Company's Disposable Cutlery Global Market Report 2023 identifies the rise in penetration of fast food restaurants as the major driver for the disposable cutlery market's growth in the forecast period. Fast food restaurants are places where patrons can order, pay for, and pick up hot or cold food and drinks from counter service, whether or not they'll be consumed there or elsewhere. Disposable cutlery is useful in fast food restaurants as they are super hygienic, water-saving, and economic-friendly.
The global disposable cutlery market size is expected to grow from $5.50 billion in 2022 to $6.07 billion in 2023 at a compound annual growth rate (CAGR) of 4.85%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global disposable cutlery market size is expected to reach $7.85 billion in 2027 at a CAGR of 5.40%.
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Major competitors in the disposable cutlery market are Huhtamaki Oyj, Pactiv LLC, Georgia-Pacific LLC, Dart Container Corporation, D&W Fine Pack.
A key trend in the disposable cutlery market includes innovation in sustainable cutlery. Major companies operating in the disposable cutlery market are developing innovative technologies to strengthen their position in the market. For instance, in July 2020, Ecotensil, a US-based developer of sustainable paperboard-based food utensils, launched its plastic-free single-use cutlery for food packaging in Europe. With this, Small plastic spoons and sporks that are typically found in pot lids, trays and other grab-and-go packaging have been replaced with a variety of foldable multi-functional paper utensils to save waste.
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The disposable cutlery market is segmented -
•By Type: Spoon, Fork, Knife
•By Material: Plastic, Wood
•By Sales Channel: Supermarkets, Hypermarkets, Convenience Stores, Specialty Stores, Discount Stores, E-Retail
•By End User: Food Service Outlets, Institutional Food Services, Online Food Ordering
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the disposable cutlery market.
The Business Research Company's "Global Disposable Cutlery Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Disposable Cutlery Market Include:
1. Executive Summary
2. Disposable Cutlery Market Characteristics
3. Disposable Cutlery Market Trends And Strategies
4. Disposable Cutlery Market - Macro Economic Scenario
5. Disposable Cutlery Market Size And Growth
……
26. Africa Disposable Cutlery Market
27. Disposable Cutlery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Disposable Cutlery Market
29. Disposable Cutlery Market Future Outlook and Potential Analysis
30. Appendix
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