Beverage Cups Market Overview
According to newly published data from Beverage Cups Market Analysis, the global demand for the overall beverage cups market is projected to reach millions by 2031, expanding at a compound annual growth rate (CAGR) of 6% during 2021-2031.
In terms of growth, the beverage cups market is expected to witness a notable sales growth rate through 2031 owing to fast delivery, increasing trend of instant food orders, and increasing consumer choice for disposable and sustainable packaging.
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Beverage Cups Market: Market Outlook
In today’s rapidly developing market, fierce competition is almost every part of life, including the packaging industry. It is important for businesses to increase productivity by using sustainable and environmentally friendly materials and introducing innovative technologies. New food packaging is now designed according to the needs, priorities and preferences of consumers.
A beverage cup is a beverage carrier or top open cup for drinking, pouring, and filling liquid beverage items. Beverage cups are mainly made of glass, paper and plastic materials, and polypropylene is used to manufacture plastic cups. Beverage cups are widely used for drinking hot coffee, tea, fruit juice, cold drinks, soups and other liquid beverage products.
Additionally, these beverage cups are single-use or recyclable, designed and offered in a variety of sizes, shapes, styles and colors depending on their function and applicability.
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Beverage cups with added warmth are excellent for serving hot or cold beverages. A single or double coating layer gives the cup strength and stiffness, and is moisture resistant, smooth and stable. Therefore, the increasing demand for disposable biodegradable cups for serving hot and cold beverages could drive the beverage cup market to grow.
What are the key market drivers influencing the growth of the Beverage Cups market?
Beverage cups have become a trend due to increasing consumer convenience and single-use consumption patterns. Consumers are aware of health, hygiene and cleanliness.
Therefore, they prefer the safest, most reliable and convenient packaging solutions . It is used in most public places, restaurants, offices and important family events such as weddings, parties, get-togethers and beverage cups to serve soft drinks , hot or cold drinks, and water.
Paper or plastic drinking cups are primarily single-use applications, making them safe from the spread of contamination and hand and mouth infections. Drink cups are safe to drink liquid food. Maintains food quality, flavor, taste and hygiene and protects contents from external contamination and dust particles. All these factors will increase the growth of the beverage cups market.
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What are the key trends in the Beverage Cups market?
Modern people are rapidly increasing the tendency to eat and drink ready-made food outdoors due to their busy lives.
Online food and beverage ordering, the increasing trend of fast delivery, increasing social and family functions, picnics and outings will drive sales of beverage cups in the market.
What are the key opportunities shaping the consumption of beverage cups?
Custom printed paper cups with eye-catching designs and prints can provide customers with brand image opportunities. Food service, restaurants, hotels, cafeterias and food delivery companies may consider custom printing on cups to promote and promote their brands. Consumers prefer visually appealing and attractive designs.
In addition, providing beverages in optimal packaging that is environmentally friendly with biodegradable or compostable properties can increase the growth opportunities of the beverage cups market. Cost-effective and robust beverage cups are the best option for glass-ceramic cups as they are difficult to carry and break.
In addition, unbreakable, safe and easy to handle, the drink cup is the perfect choice for children and the elderly. Many offices, industrial establishments, supermarkets, and shopping malls have tea/coffee vending machines or juice and soft drink stations for those with disposable drink cups. During rail travel, beverage cups are provided for liquid food because they are easily disposable, safe and convenient. This will lead to significant growth in the beverage cup market.
competitive landscape
Key players such as
- Futamaki Co., Ltd.
- Cosmoplast Industrial Company (LLC)
- biopack
- Genpak
- LLC
- Dart Container Co., Ltd.
- DOPLA PAP
- Berry Global, etc.
It is actively participating in the beverage cup market for various applications.
Major Asian players such as
- Nippon Paper Industry Co., Ltd.
- An Bao
- Xiamen Weihao Eco-Friendly Tech Co.Ltd
- Dongguan City
- Chun Fu Mold Co.Ltd
- Nisma and WBS
Others are actively participating in the beverage cups market for different applications.
What strategies are the key players adopting to increase their market share in the beverage cups market?
Manufacturers involved in beverage cup manufacturing adopt different strategies such as innovation and product launches with a focus on sustainability to meet the increasing demand for beverage cups market.
- Huhtamäki Oyj recently launched single-wall and multi-wall paper cups made for PEFC certified cardboard with lids. They also developed compostable Bioware paper cups according to EN12432 composting standards. reCup is a proprietary recyclable paper cup made with EarthCoating, an innovative barrier coating, specially formulated for easy recycling of cups in liquor waste facilities.
Why is India a big market for beverage cups market?
Tea is the most popular and widely accepted beverage in India. Small tea houses are located in every corner of the country. India is a densely populated country and tea and coffee consumption is exceptionally high in India. With the growing number of restaurant, cafeteria, tea and coffee shop chains, penetration of Western fast food supply chain could enhance the growth of beverage cup market in India.
Indians love tea and coffee. Therefore, the consumption of tea is very high. Beverage cups are also widely used at family events, weddings and corporate events because of their lightweight, robust, cost-effective, environmentally friendly and sustainable packaging solutions. Therefore, the Indian market is expecting an exponential growth of the beverage cup market.
How has the COVID-19 pandemic impacted the beverage cups market?
The Covid-19 outbreak has disrupted production activities, slowed sales and impacted the company’s profitability. Due to the COVID-19 outbreak, various food service companies are taking measures to provide hygienic and safe food packaging to consumers. Closures and closings of hotels, cafeterias and restaurants for the public have had an impact on the beverage cup market.
Nevertheless, fast food giants, caterers, and food businesses large and small have turned to disposable beverage cups for food packaging to ensure consumer safety and hygiene. Due to Covid-19, hospitals, Covid patient isolation centers and home quarantine patients have considered disposable, easily disposable beverage cups to be the best solution. Therefore, there is no risk of spreading the virus and increasing infection. Thus, the Covid-19 pandemic has brought significant growth in the beverage cup market.
The major segments of the beverage cups market covered in the report:
Material standards:
- plastic
- paper
- bubble
- glass
- metal
By capacity:
- up to 150ml
- 151 – 350ml
- 351 – 500ml
- 500ml or more
End-use criteria:
- home
- Agency
- Enterprise
- food service
Depending on the region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa