Biodegradable Cutlery Market Share, Growth Opportunities and Current Scenario till 2025
The global Biodegradable Cutlery Market size is estimated to attain USD 50.7 million, by the end of 2025, and is projected to grow at the CAGR of around 5.9% from 2019 to 2025, according to the new report by Million Insights.The strict policies set by the government authorities on the use of non-biodegradable plastics materials is a key factor propelling the market growth.
The global Biodegradable Cutlery Market size is estimated to attain USD 50.7 million, by the end of 2025, and is projected to grow at the CAGR of around 5.9% from 2019 to 2025, according to the new report by Million Insights.The strict policies set by the government authorities on the use of non-biodegradable plastics materials is a key factor propelling the market growth.
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• Based on the raw material, paper type segment is anticipated to grow at the CAGR of over 6.3% over the
forecasted period. Wood segment is estimated to exceed at CAGR of around 6.2% during the forecasted period.
• Europe led the market with share of over 36.0% in the year 2018.
• Based on the distribution channel, retail channels segment attributed to market share over 50% in 2018.
• Top players in the market focus on product innovation, R&D to increase their presence across the globe.
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Million Insights has segmented the biodegradable cutlery market based on raw material, and region:
Biodegradable Cutlery Raw Material Outlook (Revenue, USD Million, 2015 - 2025)
• Wood
• Husk
• Paper
• Plastic
• Others
Biodegradable Cutlery Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
• U.S.
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• Japan
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