The Latin America, Middle East and Africa Biodegradable Cutlery Market would witness market growth of 8.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 223.9 thousand units, showcasing a growth of 10.5% (2023-2030).
An increasing number of nations are determined to criminalize non-biodegradable plastic through the implementation of stringent policies and legislation. The market for biodegradable cutlery is anticipated to expand due to increased consumer awareness regarding the adverse consequences of non-biodegradable plastic and progressive government policies. There is an increasing recognition of the detrimental effects that non-biodegradable plastic has on aquatic organisms, which carries significant consequences. This is among the principal factors that stimulate market growth.
Numerous instances impacted by tourist activities, such as the island of Boracay, have been emphasized. The island of Boracay was closed temporarily by the Philippines to clear accumulated sewage and renovate its drainage systems to remove plastic obstructions. Similarly, Thailand has halted operations in Maya Bay to recover from tourist-caused pollution and other damage. Furthermore, Indonesia proclaimed a "garbage emergency" in some areas of Bali in 2017 to combat the impact of plastic waste.
Emerging economies in the LAMEA region are experiencing increased urbanization, changing lifestyles, and a rising middle class. This demographic shift leads to greater consumption and demand for convenience products like biodegradable cutlery. Moreover, the LAMEA region attracts many tourists due to its diverse cultural heritage, natural attractions, and business opportunities. Thus, the growing tourism industry in the region is positively influencing the market growth.
The Brazil market dominated the LAMEA Biodegradable Cutlery Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,545.4 Thousand by 2030. The Argentina market is showcasing a CAGR of 9.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 8.5% during (2023 - 2030).
Based on Raw Material, the market is segmented into Wood, Paper, Plastic, Husk, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Biodegradable Cutlery Market is Projected to reach USD 65.7 Million by 2030, at a CAGR of 6.8%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Huhtamaki Oyj, Pactiv Evergeen Inc., Vegware Ltd. (Novolex), Biotrem, Biopak (Duni AB), Genpak, LLC (Great Pacific Enterprises, Inc.), TIPA Corp. Ltd., Ecoware, Better Earth LLC , Eco Guardian Inc.
By Raw Material (Volume, Thousand Units (Pack of 100), USD Thousand, 2019-2030)
By Country (Volume, Thousand Units (Pack of 100), USD Thousand, 2019-2030)
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