Global Market For One-Off Chopsticks To Grow Strikingly And Cross USD 42.5 Billion By 2025

02-Oct-2020 | Zion Market Research

The global market for one-off chopsticks is predicted to cross USD 42.5 billion by 2025, as per a new research from Zion Market Research. The increasing requirement for disposable chopsticks, specifically created from aspen, is predicted to power the growth of the market from 2019 to 2025. The fact that chopsticks area an essential part of tableware & kitchen utensils, specifically in the Asian nations, is predicted to stay a major catalyst.

Currently, there are a few major companies having significant place in the global market, such as Nanchang Sanyou Industrial Co., Ltd., Ngoc Chau Enterprise Pte, and Pacific East Company, amongst others. The one-off chopsticks market is extremely unorganized, due to the existence of various local purveyors ruling the global market. On the other hand, few major players are adopting tactics of expansion to get a significant share of the market in the coming future. Price competition is powerful, due to the existence of various domestic players, who provide a range of goods. The major players are catering the tailored needs of the end-users and undertaking technological advancements.

Aspen Wood Segment Predicted To Witness The Max Development Due To Its Widespread Espousal And Advantages

The bamboo segment added up for the biggest growth in 2019. On the other hand, the aspen wood section is predicted to witness the max development due to its widespread espousal and advantages, all over the world. Aspen wood is the most dominant substance employed to create chopsticks. Apart from aspen, bamboo, birch, and many other substances are employed in creating one-off chopsticks. Bulk of the chopsticks are created from different varieties of wood and then layered with oil, paint, or lacquer. Other characteristic woods employed to create chopsticks are cherry, pine, sandalwood, cedar, and paulownia. Wood, employed as raw material, requires being water-resistant and hard. The color & grain of the wood is essential in maintaining the one-off chopsticks’ quality.

North America Predicted To Be The Quickest Developing Market And Expected To Develop At A CAGR Of More Than 9.5% From 2019–2025

The Asia Pacific area held the biggest share of the global market in 2019 and added up for more than 55% of the share. On the other hand, North America is predicted to be the quickest developing market and is expected to develop at a CAGR of more than 9.5% from 2019–2025. The increment in the number of manufacturing hubs paired with the high accessibility of aspen in this area is expected to boost the one-off chopsticks market in the Asia Pacific region. In addition to this, with the increasing government laws pertaining to deforestation, in Asian countries including China, makers are eventually shifting their aim towards North America.

Makers might have to encounter local government limitations, in Asian nations including China, to lower the employment of throwaway utensils comprising chopsticks. The government of China is taking efforts to defend its national forests by asking inhabitants for employing reusable chopsticks.

Browse the full “One-off Chopsticks Market- by Raw material (Aspen, Plastic, Bamboo, Stainless, and Wood), by Application (Pan Fried, Noodles, Rice cakes)- Global Industry Perspective Comprehensive Analysis and Forecast, 2020 - 2026.” Report at https://www.zionmarketresearch.com/report/one-off-chopsticks-market

The global one-off chopsticks market is segmented as follows:

By Product

  • Aspen
  • Bamboo
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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