Cutlery packaging is used for the packaging of single-use products such as spoons, knives, forks, etc. It is usually provided in fast-food restaurants, by catering services, and airlines. The cutlery packaging market continues to grow due to the growing demand for single-use cutlery. There has been a dynamic shift in consumer consumption in the food & beverages sector. This has led to an increase in the sales of cutlery packaging products. Cutlery packaging manufacturers are expanding their disposable cutlery portfolio to meet the growing demand for ready-to-eat meals. Cutlery packaging has been registering extensive demand from food service outlets, hotels, restaurants, cafes, and others. The growing end-user preference for cutlery packaging over conventional products is driving the demand for these products. Manufacturers of cutlery packaging products are ramping up their production lines to offer cost-effective and eco-friendly products to consumers. Foodservice operators offer various services, such as ‘takeaway’ and ‘drive through’, to cater to the increasing demands by the on-the-go consumers. Overall, the global outlook for the global cutlery packaging market is expected to remain positive during the forecast period.
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Cutlery Packaging Market: Dynamics
The growth of online food service deliveries and online food service platforms has led to an increase in demand for cutlery packaging. Furthermore, the growing consumer preference for cost-effective and convenient food services is the major factor driving the growth of the global cutlery packaging market. Furthermore, the increasing number of multinational quick service restaurants (QSR) worldwide is also leading to a surge in demand for cutlery packaging products such as spoons, forks, etc. Despite the positive factors, there are certain factors which are hindering the growth of the global cutlery packaging market. Implementation of stringent regulations covering the use of plastic cutlery will lead to a decline in sales. According to a new French law, 50% of all disposable tableware must use biologically-sourced materials, which can be composed at home. Italy has banned single-use cutlery packaging products in Tremiti Islands from May 2018. These factors will directly hamper the growth of the global cutlery packaging market.
Cutlery Packaging Market: Regional Outlook
The North American cutlery packaging market is expected to hold a prominent position during the forecast period. The U.S. is expected to account for the lion’s share in the North American market. Canada is expected to register notable growth in the global cutlery packaging during the forecast period. The Asia Pacific region is expected to outpace other regions in terms of cutlery packaging market CAGR. The Western Europe cutlery packaging market is anticipated to witness sluggish growth till 2020. However, the outlook for the growth of Western Europe cutlery packaging market is expected to remain positive during the forecast period with countries such as Germany, Italy, France, Spain, U.K. and BENELUX, expected to witness growth in demand. The Latin America region is expected to closely follow the Western Europe market, in terms of value & volume, during the forecast period. Middle East & Africa (MEA) is expected to register sluggish growth during the forecast period.
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Cutlery Packaging Market: Key Players
Few of the leading players operating in the global cutlery packaging market are –
- Huhtamäki Oyj
- Pactiv LLC
- Gold Plast SpA
- AMERICAN BOX COMPANY
- Ferguson Box Company