Disposable Cups Market is valued approximately at USD 12.3 billion in 2018 and is anticipated to grow with a growth rate of more than 6.1% over the forecast period 2019-2026. The stringent government regulations towards the non-biodegradable plastic is boosting the demand for disposable cups. Disposable cups are used to serve hot and cold beverages along with food services. The increasing demand for on-the-go food & beverages services among global population due to the rapid urbanization coupled with the rise in disposable income tends to accelerate the market share of disposable cups. The growing preferences for ready-to-eat and takeaway food & beverages has led the service providers to offer improved packaging solution resulting in the growing demand for disposable cups. Increasing consumer awareness towards health & hygiene has augmented the demand for disposable cups. The growing number of retail outlets along with the quick service restaurants globally which provides opportunity for the disposable cups manufacturers to tap into the market potential. Disposable cups are used in applications where breakages and losses of other types of cups are relatively high. According to plastic ocean report 2016, world plastic production totaled around 335 million metric tons and nearly half of the plastic produced is designed for single use.
The regional analysis of Disposable Cups market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific region is expected to register significant growth over the forecast period owing to the economic development, rising disposable income along with the growing number of fast food restaurants has increased the market share of disposable cups in Asia-Pacific region.
Major market player included in this report are:
- Berry Plastics Corp.
- Changsha Yuhao Imports & Exports Co. Ltd.
- Churchill Container
- Dart Container Corp.
- Eco-Products Inc
- Genpak, LLC
- Georgia-Pacific LLC
- Greiner Packaging GmbH
- Huhtamaki OYJ
- International Paper Company
- Lollicup USA, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Food & Beverages
- North America
- Asia Pacific
- Latin America
- Rest of the World
Furthermore, years considered for the study are as follows:
- Historical year – 2016, 2017
- Base year – 2018
- Forecast period – 2019 to 2026
Target Audience of the Disposable Cups Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers