The global disposable cups market size is expected to reach USD 20.21 billion by 2028 according to a new study by Polaris Market Research. The report “Disposable Cups Market Share, Size, Trends, Industry Analysis Report, By Product (Paper, Plastic, Foam), By Form (Dry, Liquid), By End-Use (Commercial, Institutional, Household); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa); Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Disposable cups are a suitable alternative to mugs, glasses, or any other utensil, especially if consumers are seeking any kind of outdoor activity like picnic, camping, or traveling to some other places. Social gatherings and family celebrations are also likely to propel the market growth. Single service disposable cups have many uses in homes, as they are perfect for serving samples, serving refreshments such as expresso, and cappuccino, and child-friendly options.
Most homes across the globe are keeping disposable cups in kitchen cabinets to prevent the spread of germs. Small cups are also handy when mixing paints, adhesives for home recreational activities. Such foreseen factors likely to fuel the market growth.
With the current outbreak of COVID-19, most food service companies all over the globe have taken significant measures to ensure the safety of their employees. Fast food behemoths such as Starbucks, McDonald’s, and Dunkin’ have announced the suspension of their bring your container program in the line of the pandemic.
These cups are considered hygienic when it comes packaging of food and drink. Thus, many small and big food operators rely on disposables, as there are very limited deliveries. It is being predicted that, as COVID-19 spreads, such practices are expected to remain dominant in the coming years.
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Asia Pacific is projected to witness a lucrative market growth over the study period. This is primarily due to the rise in urban population, emergence of food chains and outlets, rising disposable income. Western food chains are witnessing remarkable growth in these emerging countries, such as China, India, and South Korea.
Moreover, according to the article published by the Financial Express, the Indian food industry is likely to expand manifold. Such market factors are projected to foster the market demand for disposable cups over the forecast period.
Market participants operating in the disposable cups industry include Go-Pak UK Ltd., Huhtamäki Oyj, Berry Global Group Inc., Pactiv LLC, DUNI AB, Dart Container Corporation, WestRock Company, Genpak, LLC, ConverPack Inc., and Benders Paper Cups.
Polaris Market Research has segmented the disposable cups market report on the basis product, end use, and region:
Disposable Cups, Product Outlook (Revenue – USD Million, 2016 – 2028)
Disposable Cups, End Use Outlook (Revenue – USD Million, 2016 – 2028)
Disposable Cups, by Regional Outlook (Revenue – USD Million, 2016 – 2028)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa