Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Research Reports

Plastic Cutlery Market to Witness Sales Slump in Near Term Due to COVID-19; Long-term Outlook Remains Positive.

Published : , on

 

Plastic cutlery is disposable and one-time use product. They are most commonly used by restaurants performing home delivery, airlines and in events, camping and catering services & fast-food restaurants, etc. Plastic cutlery is cheap, convenient, and durable to hold any food. Large scale availability of raw material for plastic cutlery enhances its production. The popularity of plastic cutlery was due to its cost-effectiveness in comparison to other cutlery like wood cutlery and glass cutlery. They are flexible and recyclable, which reduces the major impact of plastic on the environment. 

Get Sample of the Report : https://www.futuremarketinsights.com/reports/sample/rep-gb-9940

Plastic cutlery can be in the form of fork, spoons, knives which are lightweight and can be easily carried. No clean-up is involved while using plastic cutlery which lowers the efforts of the consumer. Plastic cutlery is easy to store, hygienic, and easily portable. Plastic cutlery is attractive as they come in many varieties. The market for plastic is rapidly increasing as there is a great need for plastic cutlery in outdoor occasions like weddings, gatherings, meetings, and events. Hence driving the plastic cutlery market globally.

Changing Business Model of Food & Beverage Service Providers to give fillip

The rising number of multinational quick service restaurants (QSR) worldwide is leading to a surge in demand for foodservice disposables and single-use cutleries. Such food service restaurants do not invest in resources for the cleaning and maintenance of serving containers. This helps chain operators to reduce labour costs and thereby escalating the plastic cutlery market.

There has been a dynamic shift in the consumer consumption pattern in the food and beverages sector. On an average, online food delivery platforms in emerging countries such as India, offer over 40% return on investment. This is leading to an intense competition across food delivery platforms among food service companies, and ensuring lucrative opportunities for manufacturers of food disposables and single-use plastic cutleries. This is one of the major factor in driving the plastic cutlery market in emerging countries.

Implementation of Stringent Environmental Regulations on the Usage of Plastic Cutlery

Plastic takes hundreds of years to recycle and therefore, is not favoured by many countries and organizations. In fact, BBC has plans to ban all single-use plastics by the end of 2020. In 2016, France became the first country in the world to put a complete ban on disposable plastic cups and plates. Moreover, plastics release harmful chemicals which can be toxic to plant, marine, and consumer’s life, which increases the level of pollution. Plastic cutlery makes soil infertile by releasing harsh chemicals which can affect the ecosystem stability. All these factors contribute in hampering the plastic cutlery market in the near future.

Plastic Cutlery Market: Key Players

Some of the key manufacturers in the plastic cutlery are mentioned below:

  • Solia
  • Dart Container Corporation,
  • Eco-Products, Inc.
  • Fuling Global Inc.
  • Biopac India Corporation Ltd.
  • DOpla
  • TrueChoicePack Corporation
  • Lollicup USA Inc.
  • Huhtamaki Oyj
  • Genpak LLC.   

 

Ask For Regional Data : https://www.futuremarketinsights.com/ask-regional/rep-gb-9940

Plastic Cutlery Market: Key Developments

Key players in the plastic cutlery market focuses on mergers and acquisitions as a strategy to provide its customers with a wide range of products

  • In December 2015, the Pactiv LLC invested US$ 4.5 Mn in its Columbus, Ohio facility to add two new production lines.
  • In October 2016, the D&W Fine Pack LLC launched Cruiser Ware oblong containers and lids as a solution for take-out, to-go, and prepared foods.
  • In August 2017, Dart Container Corporation invested US$ 40 Mn for the development of innovation center in Michigan, U.S.
  • In March 2016 Georgia-Pacific LLC acquired Excel Displays and Packaging, a retail packaging and point of purchase displays manufacturer.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with plastic cutlery market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Plastic Cutlery Market: Segmentation

On the basis of product type, the plastic cutlery market has been divided into:

  • Spoon
  • Fork
  • Knife
  • Straw
  • Others

On the basis of sales channel, the plastic cutlery market has been divided into:

  • Retailers
  • Manufacturers
  • Distributors
  • E-retail

On the basis of end use, the plastic cutlery market has been divided into:

  • Household
  • Food service outlets
  • Institutional food service

 

Plastic Cutlery Market: Report Highlights

A detailed overview of the parent market of plastic cutlery market.

  • Changing market dynamics in the plastic cutlery industry
  • In-depth segmentation of plastic cutlery market
  • Historical, current, and projected market size regarding volume and value
  • Recent industry trends and developments in plastic cutlery market
  • Competitive landscape

 

Toc of the Report : https://www.futuremarketinsights.com/toc/rep-gb-9940

 

Explore FMI’s Extensive Coverage on Packaging Domain 

Kegs Market : Kegs Market by Capacity (Upto 20 Litres, 21 to 40 Litres, 41 to 60 Litres, Above 60 Litres), Material (Plastic, Tin, Stainless Steel), End Use (Alcoholic Beverages (Beer, Wine, Spirits, Cider), Non-Alcoholic Beverages (Soft-Drinks, RTD Beverages, Juices), Cooking Oil, Chemicals) & Region- Forecast to 2022-2028

Flatback Tapes Market :  Flatback Tapes Market by Adhesive (Acrylic, Silicon, Rubber, and Others), Product (Single Side, and Double Side), Application (Splicing, Packaging, Masking, and Tabbing), Thickness (< 10 Mil, 10 Mil to 15 Mil, and > 15 Mil) & Region – Forecast to 2022 – 2027

Palletizers Market : Palletizers Market by Machine Type (Conventional Palletizers, Robotic Palletizers), Product Type (Cases & Boxes, Bags & Sacks, Pails & Drums, Trays & Crates, Bundles), End-user Industry (Food, Beverage, Pharmaceutical, Chemical, Building & Construction) & Region – Forecast to 2022-2028

 

About Future Market Insights (FMI) 

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers. 

 

Contact: 

Future Market Insights, 

1602-6 Jumeirah Bay X2 Tower, 

Plot No: JLT-PH2-X2A, 

Jumeirah Lakes Towers, Dubai, 

United Arab Emirates 

For Sales Enquiries: mailto:[email protected] 

For Media Enquiries: mailto:[email protected] 

Website: https://www.futuremarketinsights.com/

 

Uma Rajagopal has been managing the posting of content for multiple platforms since 2021, including Global Banking & Finance Review, Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune. Her role ensures that content is published accurately and efficiently across these diverse publications.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post