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.
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
Disposable Cups Market by End-Use
Disposable Cups Market by Region:
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
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