Newly released data from beverage cups market analysis shows that global demand of the overall beverage cups market is forecasted to expand at a value compound annual growth rate (CAGR) of 6% from 2021-2031 and reach millions of units by 2031.
In terms of growth, the beverage cups market is projected to witness a prominent sales growth rate by 2031, owing to the increasing trend of quick delivery, ready-to-go food ordering, and rising consumer’s choice for disposable and sustainable packaging.
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Beverage Cups Market: Market Outlook
In today’s fast-developing market, cutthroat competition is almost every part of life, including the packaging industry. It becomes crucial for companies to increase productivity by using sustainable and eco-friendly materials and adopting innovative technology. The novel food packaging is now designed according to the consumer’s needs, priorities, and preferences.
The beverage cup is a drink carrier or a top-open cup for drinking, pouring, and holding liquid beverage items. The beverage cups are mainly made of glass, paper and, plastic material, whereas polypropylene is used to manufacture plastic cups. The beverage cups are widely used for drinking hot coffee, tea, fruit juices, cold drinks, soups, and other liquid beverage products.
Also, these beverage cups are disposable or recyclable designed and available in different sizes, shapes, styles, and colours as per functions and applicability.
The beverage cups, along with added insulation features, are excellent in serving hot or cold beverages. The single or double coating layers offers sturdiness and rigidity to the cup and are moisture-resistant, smooth, and stable. Therefore, the increasing demand for disposable, biodegradable cups to serve hot and cold beverages could boost the beverage cups market.
What Are the Key Market Drivers Impacting the Growth of Beverage Cups Market?
Beverage cups have become trendy due to rising consumer’s convenience and single-use consumption patterns. The consumers are aware of health, hygiene, and cleanliness.
Thus, they prefer the safest, reliable and convenient packaging solution. Most public places, restaurants, offices, and significant family events like weddings, parties, get-togethers, and beverage cups are used to serve soft drinks, hot or cold drinks, and water.
The paper or plastic beverage cups are primarily applicable for single-use purposes, which creates the safety of spreading the contamination and hand and oral infection. The beverage cups are also safe for drinking any food liquid products. It retains the food quality, flavour, taste, and hygiene and protects the contents from outside pollution and dust particles. All these factors will augment the growth of the beverage cups market.
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What is the Key Trend Increasing Sales of Beverage Cups Market?
In today’s day and age, the trend of outdoor readymade food eating and drinking is increasing rapidly due to busy lifestyle utilize the beverage cups for saving time and efforts of cleaning and can be discarded easily after use.
Online food and beverages ordering, increasing trend of a quick delivery, rising social and family functions, picnics, and outings will propel the sales of the beverage cups in the market.
What are the Key Opportunities Shaping the Consumption of Beverage Cups?
The customized printed paper cups with eye-catchy designs and printing could create a brand image opportunity for the customer. The food service, restaurants, hotels, cafeterias, and food delivery companies could consider customized printing on the cups the best option for brand promotion and publicity. The consumer prefers visually appealing and attractive designs.
Competitive Landscape
Key players such as
- Huhtamäki Oyj
- Cosmoplast Industrial Company (L.L.C.)
- BioPak
- Genpak
- LLC
- Dart Container Corporation
- DOPLA PAP a.s.
- Berry Global Inc. and others
are actively involved in beverage cups market for different applications.
Key Asian players such as
- Nippon Paper Industries Co.Ltd.
- Anbao
- Xiamen Weihao Eco-Friendly Tech Co.Ltd
- Dongguan City
- Chun Fu Mold Co.Ltd
- Nisuma and WBS
others are actively involved in beverage cups market for different applications.
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Key Segments of Beverage Cups Market Covered in the Report
Based on Material:
- Plastic
- Paper
- Foam
- Glass
- Metal
Based on Capacity:
- Up to 150 ml
- 151 – 350 ml
- 351 – 500 ml
- Above 500 ml
Based on End Use:
- Household
- Institutional
- Corporates
- Foodservice
Based on the Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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