Return to: Business NewsOne-off Chopsticks Market Size Worth $41.1 Billion By 2025The global one-off chopsticks market size is expected to reach USD 41.1 billion by 2025, according to a new research conducted by Grand View Research, Inc. The growing need for disposable chopsticks, particularly made of aspen, is projected to spur the market growth over the forecast period. The fact that chopsticks form an integral part of tableware & kitchen utensils, particularly in the Asian countries, is expected to remain a key driver. The one-off chopsticks market is anticipated to witness moderate growth over the forecast period, globally. This can be accredited to the use of aspen for producing chopsticks as compared to other materials such as bamboo, birch, and cottonwood, among others. Furthermore, manufacturers are gradually shifting their plants to North America and other regions, owing to the surging government regulations pertaining to deforestation and availability of aspen in these regions. However, the environmental impact and surging health concerns, due to the adoption of one-off chopsticks, are the key factors challenging the market growth. For PDF sample Copy or More Details please visit link @: http://www.grandviewresearch.com/industry-analysis/one-off-chopsticks-market Further key findings from the report suggest: • The bamboo chopsticks segment captured over 50% of the total revenue in 2015. However, aspen chopsticks are projected to witness high growth at a CAGR exceeding 11% from 2016 to 2025, owing to the surging espousal in Asian countries and better life span against their counterparts. • The Asia Pacific region dominated the market in 2015 with a market share of over 60%. However, North America is projected to emerge as the fastest growing market and is expected to witness a healthy CAGR of over 8%, primarily due to the rising aspen chopsticks manufacturing activities in the region. • The key purveyors in this industry comprise Pacific East Company, Ngoc Chau Enterprise Pte, Nanchang Sanyou Industrial Co., Ltd., Nine Zero Trade & Development Limited, Dom Agri Products, and Bamboo Forever Co., Ltd. To request research report sample copy with TOC please visit @: https://www.grandviewresearch.com/industry-analysis/one-off-chopsticks-market/request/rs1 Grand View Research has segmented the global one-off chopsticks market based on product and region: One-off Chopsticks Product Outlook (Revenue, USD Million; 2014 - 2025) • Aspen • Bamboo • Others One-off Chopsticks Regional Outlook (Revenue, USD Billion; 2014 - 2025) • North America o U.S. o Canada • Europe o UK o Germany • Asia Pacific o China o India o Japan o Taiwan • Latin America o Brazil o Mexico • The Middle East & Africa For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/3720/ibb About Grand View Research Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunit ... News Release: One-off Chopsticks Market Size Worth $41.1 Billion By 2025 Submitted on: September 23, 2020 10:20:09 AM Submitted by: sitakant On behalf of: exactrelease.com |