Cutlery Packaging Market: Overview

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.

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: Segmentation

The global cutlery packaging market has been segmented as follows -

On the basis of product type, the market has been segmented as:

  • Boxes
  • Pouches
  • Sachets
  • Others

On the basis of application, the market has been segmented as:

  • Spoons
  • Forks
  • Knives
  • Others

On the basis of material, the market has been segmented as:

  • Plastic
    • Polyethylene (PE)
    • Polystyrene (PS)
    • Poly Lactic Acid (PLA)
    • Polypropylene (PP)
    • Others (PET)
  • Wood
  • Others

On the basis of end use, the market has been segmented as:

  • Food Service Outlets
    • Hotels
    • Restaurants
    • Cafes
    • Quick Serve Restaurants (QSR)
  • Institutional Food Service
    • Cinemas
    • Airline & Railway Catering
    • Schools & Offices
    • Hospitals
  • Household Use

On the basis of sales channel, the market has been segmented as:

  • Manufacturers
  • Distributors
  • E-retail
  • Retailers

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.

Cutlery Packaging Market: Key Players

Few of the leading players operating in the global cutlery packaging market are –

  • Huhtamäki Oyj
  • DOplap.A.
  • Pactiv LLC
  • Gold Plast SpA
  • AMERICAN BOX COMPANY
  • Ferguson Box Company

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

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The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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