Today’s lifestyles are fast, and consumers are always on the go. A cost-effective and convenient option, the disposable cups come in handy for sipping your favorite beverage while running your daily errands.
Future Market Insights (FMI) sees this as an attractive prospect for disposable cup sales. Consumer preference for eating out has fueled an explosion in demand for on-the-go or takeaway beverages. Accordingly, total disposable cup sales in 2021 are expected to total $10.6 billion.
The exponential growth of online food ordering will also create opportunities to sell disposable cups. Food service providers prefer disposable cups. This is because disposable cups are non-tamperable and protect beverages from contamination during transport. Plastic disposable takeaway cups are economical and robust, and their insulation can extend delivery times for both hot and cold liquids.
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In addition, disposable cups with lids and straw slots allow for fast shipping without the risk of leaks or spills. Disposable cups do not require much storage space and are very easy to carry during transport and serving.
Food service providers choose paper or single-use plastic cups over glass because they are unbreakable, time-saving, and easy to clean. Therefore, many fast food restaurants, cafeterias and food malls choose disposable cups as a reliable, safe and convenient packaging solution to provide their customers with the fastest delivery.
Disposable Cups Market Highlights
- Disposable cups under 250ml are smaller, easily disposable, biodegradable and recyclable. These cups will have a market share of 51.1% by 2031.
- Paper is the most preferred material type and will account for 48.6% of the market share by 2031.
- The beverage segment of disposable cups is projected to be the fastest growing application segment, accounting for 71.7% share during the forecast period, owing to growing demand for ready-to-drink beverages.
- Among end users, the food retail segment will account for a 60.7% share of the market by 2031.
- Globally, the Asia Pacific region has emerged as a fast growing market. It is expected to show a CAGR of over 6-7% over the forecast period.
“The growing preference for eating out will drive the demand for disposable cups as the popularity of takeaway beverages and awareness of eco-friendly packaging solutions increases. Additionally, the expansion of food service chains, hypermarkets and quick service restaurants will increase sales opportunities in the disposable cup market,” said an FMI analyst.
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Demand for innovation and sustainable packaging to drive sales
Innovation is critical as it helps businesses penetrate deeper into the market and offer better opportunities to their customers.
E.g,
- On December 4, 2020, Acre launched the ButterflyCup, the world’s most environmentally friendly disposable cup. The ButterflyCup contains no plastic laminates and is designed in one piece that eliminates the need for a plastic lid. The cups are printed in vegetable ink and can be recycled in the recycling bin along with the cardboard or composted into plain paper at home. The ButterflyCup is therefore designed as a sustainable solution to the plastic waste crisis.
Therefore, innovation and sustainability will enhance the disposable cup market.
Plastic bans across regions create growth opportunities
Single-use plastics consume valuable natural resources for production, pollute the environment and harm wildlife, flora and fauna. Many countries have banned single-use plastics because of the huge amount of plastic waste that goes to landfills and the ocean.
According to the Oceana Organization, about 15 million metric tons of plastic waste are dumped into the ocean every year, which puts about two plastic garbage trucks into the ocean every minute. The United States generates more plastic waste than any other country. As plastic production grows at a rapid rate, it can have catastrophic consequences.
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Items made from expanded polystyrene are no longer sold and banned in Europe. A new law called Single-Use Plastics (SUP) aims to prevent and reduce the impact of plastic products on the aquatic environment and human health. The Directive will be converted into national law and will take effect from 3 July 2021. Countries that do not comply with these obligations are subject to fines. Many countries restrict the use of single-use plastics. Therefore, it hinders the growth of the disposable cups market.
Impact of COVID-19 on Disposable Cups Market
Disposable cups are the safest and most hygienic packaging preferred during the pandemic. The COVID-19 outbreak has had a huge impact on people. To prevent and control the spread of the virus, hospitals, quarantines and shelters have used disposable cups to provide food and drink to patients and caregivers.
Disposable cups are quickly thrown away and recycled. Thus, the possibility of spreading the virus can be avoided. Disposable cups are also the most economical, portable and disposal option for catering establishments to meet consumer health and well-being concerns.
disposable cup market landscape
Pactiv LLC., Georgia-Pacific LLC, Huhtamäki Oyj , Dart Container Corporation, Berry Global Group , Inc. etc. are the prominent players in the global disposable cups market. The Tier 1 players in the market account for 15-20% of the global disposable cups market.