In 2023, the market for disposable cups is anticipated to be worth US$ 11.6 billion worldwide. From 2023 to 2033, it is anticipated to surge at a CAGR of 6.2% .By 2033, the market is anticipated to be worth US$ 21.1 billion . In 2023, it is predicted that the top 3 nations would account for 40% to 45% of the market.
The disposable cups market is witnessing significant growth due to the rising demand for convenience and hygienic food and beverage packaging solutions. With the increasing consumption of on-the-go beverages and the growing trend of takeaway culture, disposable cups have become an essential part of daily life. Driven by factors such as urbanization, busy lifestyles, and the expansion of the foodservice industry. Additionally, innovations in biodegradable and eco-friendly cup materials are catering to the environmental concerns of consumers, further propelling market growth.
The Asia-Pacific region, particularly China and India, is expected to witness robust growth due to the rising disposable incomes and changing consumer preferences. However, the market faces challenges from stringent environmental regulations and the increasing popularity of reusable alternatives. Despite these challenges, continuous advancements in material technology and increasing investments in sustainable solutions are expected to create new growth opportunities in the Disposable Cups Market.
Key Takeaways from Disposable Cups Market
- Less than 250 ml disposable cups by capacity is projected to hold a substantial disposable cups market share of 52% by 2033.
- By material, the paper disposable cups segment is anticipated to accelerate at a CAGR of 0% between 2023 from 2033.
- The beverages segment by application is expected to create an absolute dollar opportunity of US$ 7.0 million during the forecast period.
- Europe followed by South Asia is estimated to generate high demand for disposable cups, accounting for around 44% of share by 2033.
- Australia disposable cups market is projected to exhibit a CAGR of 0% from 2023 to 2033.
“Increasing demand for on-the-go snacking is projected to propel sales of tea, coffee, lemonade, and soft drinks worldwide. It is projected to drive disposable cups sales in the next ten years. Key companies are likely to develop new cups with innovative materials to attract a large consumer base,” says a lead Future Market Insights analyst.
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Demand for Sustainable Packaging to Create New Growth Opportunities for Disposable Cups Manufacturers
Innovation is important because it aids businesses in market penetration, the creation of better prospects, and customer engagement. The disposable cup market offers significant potential for innovation to provide high-quality food service goods. Paper cups can help to get around few of the problems with plastic cups. It might also aid in expansion for throwaway cups.
For instance,
- In July 2021 , following single-use plastic ban in the European Union, Vegware updated their disposable cups’ design to comply with the single-use plastics directive.
- In June 2021 , Novolex launched a new manufacturing line to produce compostable cups from plant-based plastic (polylactic acid) which appears, behaves, and performs just like a traditional plastic cup.
Plastic Ban in Significant Regions is Expected to Deter Disposable Cup Sales
Single-use plastic damages wildlife, flora, and fauna. It also pollutes the environment and uses up vital natural resources in its production. Due to the massive amount of plastic waste in landfills and the ocean, several nations have outlawed single-use plastics.
Around 15 million metric tonnes of plastic debris are dumped into the ocean annually, according to Oceana Inc. Every minute, around two trucks worth of plastic trash are produced and dumped into the ocean. More than any other nation, the USA produces a substantial amount of plastic waste. Devastating effects may result from the rapid increase in terms of plastic manufacturing.
Expanded polystyrene products are no longer available and are even prohibited in Europe. Purpose of this new rule named Single-Use-Plastics (SUP), is to lessen negative effects that plastic has on both human health and the aquatic environment.
The order was incorporated into national law and became effective on July 3, 2021. Any nation that violates these duties will pay a price. Numerous countries are imposing restrictions on single-use plastics, which is impeding expansion of the disposable cup business.
Competition Landscape: Disposable Cups Market
Key players operating in the global disposable cups market are Pactiv LLC, Berry Global Group, Inc., Dart Container Corporation, Huhtamaki Oyj, Detpak (Detmold Group), Georgia-Pacific LLC, Greiner Packaging International GmbH, and Genpak, LLC.
Also, few of the other noticeable players in the market are Fuling Plastic USA, Inc., Churchill Container, ConverPack Inc., FrugalPac Limited, Go-Pak Group, Grupo Phoenix Capital Limited, CEE Schisler Packaging Solutions, F Bender Limited, SEDA International Packaging Group S.p.A., Duni Group Global, and Stanpac Inc. and others. Tier 1 players in the market hold 15 to 20% in the global disposable cups market.
Disposable Cups Market Outlook by Category
By Material Type:
- Paper
- Plastic
- Foam
- Bagasse
By Capacity:
- Less than 250 ml
- 250 to 750 ml
- Above 750 ml
By Application:
- Food
- Spreads
- Sausages & Dressings
- Confectionary
- Dairy
- Ice Cream
- Yogurt
- Drinks
- Beverages
- Hot
- Cold
By Sales Channel:
- Manufacturers (Direct Sales)
- Retail
- Hypermarket
- Supermarket
- Convenience Stores
- Specialty Stores
- Distributors
- Online
By End Use:
- Commercial Use
- Hotels & Cafes
- Full Service Restaurants
- Quick Service Restaurants
- Venues & Catering
- Mobile Food Vendors
- Bakery & Patisserie
- Institutional Use
- Schools & Colleges
- Offices
- Hospitals
- Airports & Railways
- Household Use
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