Disposable Cup Market Size, Share, Industry Forecast 2029

Disposable Cup Market Size, Share, Industry Forecast 2029

Gmiresearch travel blog images

travel blog

Disposable Cups Market

Disposable Cups Market size is poised to witness a healthy CAGR over the forecast period (2021-2028), due to accelerating adoption of disposable cups for drinking water in residential and commercial sectors and expansion across the food and beverage industry. Disposable cups are the more sustainable and economical packaging solutions.

Factors such as growing concern towards plastic cups, changing lifestyle, and rising adoption of disposable cups by coffee, tea chains, and ice cream industry are contributing to the disposable cups market growth. Also, paper cups are light weight and easy to handle, thus is widely adopted by food industry. With the growing trend of fast food, paper cups have replaced with plastic cups, are the driving forces compelling the market growth. As per the recent UNEP (United Nations Environment Programme) report published in 2020, nearly 27 countries have enforced ban on single-use plastics, which is likely to raise the market growth. However, high cost of making raw material for making plastic cups will hamper the Disposable Cups Market Size.

By material, paper is predicted to seize a faster CAGR over the forecast period, owing to the growing concern towards plastic cups. Also, recyclable properties of paper, which is environmentally friendly has encouraged the market growth.

By end-use, commercial segment is predicted to expand at a higher CAGR over next seven years. With the growing drift towards take-away or home delivery services, various quick-service restaurants have chosen disposable products like cups.

By regional coverage, North America is expected to hold a larger share during the forecast period. Regional growth can be attributed to the strategic initiatives by the leading players. For example, Starbucks Corp. in 2020, declared that across North America coffee would be served in disposable cups for takeout. Also, various coffee shops and restaurants were inaugurated after relieve in the lockdown restrictions enforced across the nation, which will drive the market growth.

Prominent players operating in the market, include, Dart Container Corporation, Huhtamäki Oyj, Berry Global Group Inc., Pactiv LLC, DUNI AB, Genpak, LLC, Benders Paper Cups, Go-Pak UK Ltd., WestRock Company, ConverPack Inc., among others.

Key Developments:

In 2019, Genomelabs Bio Pvt. Ltd., officially declared the introduction of eat cup, which is biodegradable and environment friendly, thus has helped company expand the product portfolio.

Disposable Cups Market Segmentation:
Disposable Cups Market by Material
Paper
Plastic
Foam
Disposable Cups Market by End-Use
Commercial
Institutional
Household
Disposable Cups Market by Region:
Asia PacificChina
Japan
India
Rest of APAC
North AmericaUnited States of America
Canada
EuropeUnited Kingdom
Germany
France
Spain
Rest of Europe
RoWBrazil
South Africa
Saudi Arabia
UAE
About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com


Add Gmiresearch to your subscriptions feed

Gmiresearch travel blog images



Leave a Comment:

Or Sign Up To Leave A Comment

To notify a previous commenter, mention their user name: @peter or @peter-smith if there are spaces.


Create Your Free Travel Blog

Join others and Track That Travel

Track That Travel

travel blog, free travel blog travel blog, free travel blog travel blog, free travel blog

® 2018 Track That Travel