With the increasing trend toward health consciousness, the PLA cup market is poised to gain a valuation of US$ 184.3 million by 2024. PLA cup sales are expected to grow at a 4.50% annual rate of growth over the projected timeframe. By 2034, the PLA cup market is expected to be valued at US$ 286.2 million.
The market for PLA cups is rapidly growing due to consumers’ growing demand for eco-friendly and biodegradable alternatives to conventional plastic cups. Businesses are encouraged to use PLA cups by laws that support the use of environmentally friendly products and by growing public awareness of environmental issues. Improved production techniques and end-user cost effectiveness are two other growth factors.
There is a great deal of potential in developing customized designs to address widespread PLA cup usage throughout a range of industry sectors, especially the food service industry. For example, large coffee chains and restaurants interested in turning green might be drawn to custom PLA cups that are heat resistant and leak-proof for hot liquids like coffee or tea. Customized PLA cups are a great option for businesses trying to build a strong brand identity and support environmental causes. This is an additional niche market that interested parties should dominate..
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Key Takeaways from the Market Analysis
- The global PLA cup market was valued at US$ 147.1 million in 2019.
- From 2019 to 2023, the PLA cup market experienced a CAGR of 3.60%.
- The United States PLA cup industry is anticipated to develop with a 2.7% CAGR from 2024 to 2034.
- PLA cups will be used for foods and beverages having a capacity of 8 to 14 oz, with a 36.2% market share in 2024.
- PLA cups are widely to be used in food service outlets, with a 47.4% market share in 2024.
“Environmental implication of the conventional plastic cups and consumer trend towards biodegradable cups is propelling the growth in the PLA cup market,” says an FMI analyst.
Competitive Landscape
Sourcing of raw materials is a key tactic by which the market players can achieve a competitive advantage in the global market. They are launching packaging materials completely manufactured from sustainable, renewable and natural materials.
For example, EnviroWare® launched by Celebration Paper & Plastics Ltd. is 100% eco friendly in nature. These packaging materials are also commercially compostable and compliant with EN13432.
FSC® (Forest Stewardship Council®) certified materials are another thing market players and startups can turn to. These products are made out of wood based products and cause no harm to the environment.
Key Development
- In 2024, Eco-Products introduced new sandwich wraps, paper bags, and other items to its GreenStripe range of compostable products. The versatile, innovative products are manufactured with no-added PFAS. These products are also certified by the Biodegradable Products Institute as compostable in various commercial facilities.
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More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the PLA cup market, providing historical data for 2019 to 2023 and forecast statistics from 2023 to 2033.
To understand opportunities in the PLA cup market, the market is segmented on the basis of capacity (up to 7 oz., 8 to 14 oz., 15 to 20 oz., above 20 oz.), sales channel (online, offline), end use (food service outlets (hotels, cafes), institutional (private institutes, malls & multiplexes, household) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, Middle East & Africa)
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