Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Plastic
Cutlery Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Plastic Cutlery Market. The
research also emphasizes on the impact of restraints, drivers, and macro
indicators on the regional and global Plastic Cutlery Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Plastic cutlery Market `is offered. In accordance with the
report, the global Plastic Cutlery Market is projected to expand at a CAGR of 1.3%
over the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
The growth of
the plastic cutlery market is attributed to the changing consumption pattern.
The rising tight day-to-day schedule of people across the globe is forcing
people to depend on processed foods. Most people have to complete their lunch
or tiffin at their workplace with readily available foods. Students staying
away from home near their educational center is also dependent on convenience
foods. The rising women participation in workforce is indulging them to remain
dependent on packaged foods. All these processed, convenience and ready-to-eat
foods bring with itself the demand for plastic cutlery. Plastic cutlery is one
time usable, light weighted and cheap. This together is basically driving the
plastic cutlery market. The popping up of eating places like hotels,
restaurants, breweries, fast food chains in every corner of the street is
fueling the demand of this market. The surging availability of coffee shops,
bakeries and catering services is also enlarging the usage of plastic cutlery
and propelling the plastic cutlery market. The growth of online food ordering
services is leading people to consume food outside home and this calls for the
application of plastic cutlery. The overnight growth of the fast food and
beverage sector is powering the growth of this market. Rapid urbanization and
rising disposable income are indirectly accelerating the growth of the plastic
cutlery market.
The plastics of
which plastic cutlery is made of are toxic chemicals and are awful for human
health. The rising awareness among consumers to associate with things that are
healthy is hampering the growth of the plastic cutlery market. This is
diminishing the plastic cutlery market. The plastic cutlery is not
biodegradable and adversely influences the nature. Environmental concerns are
influencing the government of different countries that are imposing rigid norms
on the usage and application of plastic and hindering the plastic cutlery
market. The inclination is more towards the use of wood and other organic
cutlery on behalf of consumers owing to both health and environmental concerns.
This is compelling the producers to move away from plastic cutlery towards
disposable cutlery. For example, many junk food chains like KFC, Wow Momo and
others are refraining from the use of plastic cutlery and adopting disposable
cutlery. Production companies like Anchor Packaging Inc is also endorsing the
use of disposable cutlery. These factors are restraining the plastic cutlery
market.
The plastic
cutlery market has a good scope of gaining market share in a short run because
the product is cheap and easily accessible by people of different income group.
Further, the gaining popularity of processed foods and hectic way of living is
great opportunity for the growth of the plastic cutlery market.
Segment Covered:
This market
intelligence report on the global Plastic Cutlery Market encompasses market
segments based on product type, end users, distributional channel, and country/regions.
By product type, the Plastic Cutlery Market is segregated
into,
§ Plastic Spoon
§ Plastic Fork
§ Plastic Knife
§ Straw
§ Others
By end users, the Plastic Cutlery Market is
segmented into,
§ Household
§ Institutional (hospitals, schools and offices, catering,
cinemas)
§ Food Services (QSR, hotels, restaurants)
By distributional channel, the Plastic
Cutlery Market is classified into,
§ Retailers (hypermarkets, discount stores, specialty
stores, convenience stores, supermarket)
§ E-Retail
§ Distributers
§ Direct Sales
By country/region, the Plastic Cutlery Market
is divided into,
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Genpak LLC
§ Huhtamaki Oyj
§ Lollicup USA Inc
§ TrueChoicePack Corporation
§ DOpla
§ Fulin Global Inc
§ Dart Container Corporation
§ Solia
§ D&W Fine Pack
§ Georgia-Pacific LLC
§ Swantex
Other players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Plastic Cutlery Market related investment &
spending and developments by major players of the market are tracked in this
global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Plastic Cutlery Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020 – 2028, taking into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Plastic Cutlery Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
Leading
market players covered this report comprise names such as TrueChoicePack
Corporation, Dart Container Corporation, Huhtamaki Oyj, Solia, D&W Fine
Pack and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Plastic Cutlery caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Plastic
Cutlery Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Plastic Cutlery Market
v
Identification
of key factors driving investment opportunities in the Plastic Cutlery Market
v
Facilitate decision-making
based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants