Global Plastic Cutlery Market will reach 2916 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/5/6

In 2017, Global Plastic Cutlery total market size was 2623 Million USD, with a steady growth in recent years, according to QYR analysis, the market is expected to reach 2916 Million USD by the end of 2025. One of the salient features of Plastic Cutlery market is the cooperation with downstream foodservice companies and restaurant chains, which may bring steady orders for plastic cutlery manufacturers.

Geographically, the consumption market is leading by Europe and Asia-Pacific, sales in Asia Pacific regions like China, Japan, Southeast Asia and India will keep significant growth in future period, while in Europe, with the implication of new ban policy on disposable plastic cutlery, the market may see downward trend, moreover, the booming take-out, delivery, and food service & catering industry is deeply concerned about the detrimental impact the regulation will have on its revenues. Innovation products like plant-based or the new edible cutlery will show huge development potential in the forecast period.

In terms of 2017, Europe holds the largest market share, with about 1092.77 Million USD sales revenue, followed by Asia-Pacific, with about 28.99% market share and 760.34 Million USD sales revenue. Knife, fork and spoon are three major products of plastic cutlery category, market share of them different from each other for different regions, impacted by dietary habits and preferences. Foodservice industry and catering use are leading the end-use market, with about 79.34% market share in 2017.

Huhtamaki and Dart are the biggest two players in Plastic Cutlery market, with about 3.88% and 4.66% market share separately in 2017. Other leading market players in Plastic Cutlery market include Lollicup USA, Solia, TrueChoicePack (TCP), Eco-Products, Fuling, Swantex, Biopac, Dopla etc. The market competition may become more intense with more innovation products, acquisitions and improvement of raw material cost control and etc.

Each of the Plastic Cutlery manufacturers has its own mature sales networks. Through retailer and resells, their authorized distributors or their partners, those Plastic Cutlery manufacturers keep keen on expanding their Plastic Cutlery sales. To achieve better sales businesses, Plastic Cutlery manufacturers usually invest on their marketing channel infrastructure every year.

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