Introduction
A disposable cup is a type of disposable utensils used for beverage packaging and beverage serving in hotels, restaurants, commercial places and at homes. It is widely used in food and beverage industry due to its features such as recyclability and lightweight.
Factors such as increased demand for low-cost and eco-friendly packaging solutions, favourable government policies to reduce the use of petroleum-based polymers, growing food and beverage industry that is increasingly adopting packaging made from degradable and recyclable materials. are anticipated to fuel the demand for the market
Despite the current pandemic situation, the disposable products are considered to be highly hygiene in the packaging of food and drinks. Along with this, the recovering manufacturing activities at full capacities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9. Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Increasing demand of the low cost, easy availability and eco-friendly products
10.2 Government regulations and obligations
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Huhtamäki,,,,,
15.2 Dart Container Corporation
15.3 Berry Global Group
15.4 Pactiv
15.5 DUNI
15.6 WestRock Company
15.7 Genpak
15.8 ConeverPack
15.9 Benders Paper Cups
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The global disposable cups market is expected to grow to $17.10 billion by 2025
Growth momentum is expected to accelerate during the forecast period with a 7.48% CAGR.
Rising disposable income, coupled with the changing food trends that favor convenience, is expected to fuel market growth.
APAC is dominating the market due to the increasing urban population, changing food eating habits, the opening of various food chain restaurants and outlets, and so on
Key Trends
The emergence of bio-based raw ingredients such as derivatives of biomass and crop vegetables is expected to be majorly responsible for boosting market demand.
Availability of new and improved products for takeaway services is also anticipated to positively influence the market growth.
Increasing demand for quick-service restaurants (QSRs) across different places in the globe is expected to increase the product demand.
Key Market Players
Some of the key players in the market are Huhtamäki, Dart Container Corporation, Berry Global Group, Pactiv, DUNI AB, WestRock Company.
Industry players are focusing on R&D activities concerning new organic materials that mimic the properties of plastics currently in use. The companies are redesigning packaging to include less material, hence saving on the cost and producing less waste.
Also, companies in the market are continuously involved in increasing their market presence by introducing new products, expanding their operations, or entering into strategic mergers and acquisitions.
Growth Drivers and Challenges
Increasing demand for low cost, easy availability, and eco-friendly products is driving the market growth.
Stringent governmental regulations for environment protection and the industrial trend of incorporating renewably sourced materials in the manufacturing process are also significantly catalyzing the market growth.