Pune, India, July 28, 2023 (GLOBE NEWSWIRE) -- The global disposable cup market size is set to gain impetus from the rising trend of quick-serve, an increasing number of outdoor parties, and surging water shortage worldwide. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Disposable Cup Market, 2023-2030.” The report further mentions that as per Sustainability Victoria, approximately 2.7 million single-use disposable coffee cups are used regularly by Australians.
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Key Manufacturers of the Disposable Cup Market worldwide are:
- Dart Container
- Benders Paper Cups
- Greiner Packaging GmBh
- Frugal Pac Limited
- James Cropper Plc
- Cosmoplast Industries Company
- Solo Cup Company
- Other renowned companies
Report Scope & Segmentation:
| Report Attribute | Details |
| Base Year | 2022 |
| Historical Year | 2019 – 2021 |
| Forecast Year | 2023 – 2030 |
| Segments Covered | By End-Use and Regional |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2023 to 2030 |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America and Rest of World |
| Countries Covered | Dart Container, Benders Paper Cups, Greiner Packaging GmBh, Frugal Pac Limited, James Cropper Plc, Cosmoplast Industries Company, Solo Cup Company |
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This Report Answers the Following Questions:
- Which companies are set to generate the largest revenues?
- How will the COVID-19 pandemic affect the market in future?
- What are the historical and estimated sizes of the market?
- What are the vital strategies implemented by companies to intensify sales of disposable cups?
Drivers & Restraints-
Rising Number of Weddings & Celebratory Events to Boost Growth
The ongoing expansion of the fast-food industry globally would act as one of the major factors driving the disposable cup market growth in the near future. This is likely to occur as majority of fast-food outlets serve food items in disposable items. Besides, disposable cups are extensively utilized in wedding parties and similar celebrations for serving beverages. Coupled with this, the rising number of family gatherings and vacations would propel growth.
According to a survey conducted by the Safety and Health Magazine, worldwide, around 36.6% of adults are projected to consume fast-food daily. Apart from that, the increasing usage of online food delivery services would contribute to this growth. However, disposable cups are often made of plastic and hence, may prove harmful for the environment. This factor would hinder growth.
Disposable Cup Market: Segmentation
By Product
- Plastic
- Paper
- Foam
By End-User
- Corporation & Residential
- Restaurant & Food Outlets
- Others
By Geography
- North America (U.S., Canada, and Mexico)
- Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)
- Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
- South America (Brazil, Argentina, and Rest of South America)
- Middle East & Africa (South Africa, UAE, and Rest of ME&A)
Regional Analysis-
North America to Lead Fueled by Presence of Reputed Food & Beverage Companies
North America is anticipated to lead throughout the forthcoming years by holding the largest disposable cup market share. This growth is attributable to the presence of a large number of food and beverage brands, such as Taco Bell, Starbucks, McDonald's, and Subway in this region. Also, this region houses many people who have monotonous lives. They usually rely on readymade food and beverages. The region is considered to be one of the largest consumers of coffee and it is served in disposable cups.
Asia Pacific, on the other hand, is set to showcase a considerable growth in the coming years because of the rising population of youngsters, rapid urbanization, increasing awareness regarding the product, bolstering working-class population, and high disposable incomes of people. The UN World Organization Prospect 2018 suggested that in India, around 34% people live in urban areas. In addition to this, the increasing number of events and festivals in this region would augment growth.
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Key Question Covered in this Disposable Cup Market Research Report
- What is a Disposable Cup and how does it work?
- What are the key market factors driving the growth of the Disposable Cup market?
- What are the different types of Disposable Cup available in the market?
- What are the major market trends and challenges faced by the Disposable Cup industry?
- Which regions are expected to witness significant growth in the Disposable Cup market in the coming years?
Competitive Landscape-
Key Players Focus on Launching Revolutionary Products to Surge Sales
The market consists of numerous companies that are persistently striving to gain a competitive edge by introducing new disposable cups. Their main aim is to generate more sales by developing environmentally-friendly products.
Below are two latest industry developments:
- January 2020: Lavazza Professional unveiled Kix Eco Cup, its latest eco-friendly disposable cup that can be recycled and biodegraded.
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