The latest market report published by Constancy Researchers “Global Bioplastics Biodegradable Cups Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Bioplastics Biodegradable Cups Market: Overview
The global bioplastics biodegradable cups market was valued at US$XX Million in 2020 and is estimated to grow at a CAGR of XX% during the forecast period. The global bioplastics biodegradable cups market is anticipated to witness lucrative growth in the years to come due to the growing demand for anti-plastic sentiments along with the rising consumer awareness for bioplastics biodegradable cups. Furthermore, the growing preference of manufacturers towards biodegradable packaging along with increased demand from emerging economies are some other key factors for the growth of the bioplastics biodegradable cups market during the forecast period. Moreover, the emergence of new technologies coupled with increased demand for eco-friendly packaging are some of the key opportunities for the global bioplastics biodegradable cups market over the upcoming years. Besides, the volatile raw material cost is one of key factors estimated to hamper the global bioplastics biodegradable cups market growth in the years to come.
Global Bioplastics Biodegradable Cups Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global bioplastics biodegradable cups market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global bioplastics biodegradable cups market, the demand for bioplastics biodegradable cups has decreased due to haltin the manufacturing industry worldwide during the COVID-19 period.
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Global Bioplastics Biodegradable Cups Market: Report Highlights
- Based on capacity, the 8-14 oz had a substantial share in the global bioplastics biodegradable cups market in 2020 and presumed to witness substantial growth over the forecast period. The huge demand for the category from beverages industry is the key reason for the dominance.
- Based on application, the beverages category accounted for the major share in the global bioplastics biodegradable cups market in 2020 and is projected to continue its dominance over the forecast period.
- Based on the regional analysis, Europe dominated the market in 2020 and is projected to witness substantial growth over the upcoming years. This is majorly due to the rising demand for eco friendly packaging in Europe along with the increased awareness for biodegradable products in the region. Besides, Asia Pacific is estimated to witness lucrative growth during the forecast period owing to the rising packaging industry along with the growing demand for sustainable packing solutions in the region.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global bioplastics biodegradable cups market.
- As per the research by Constancy Researchers Private Limited, the global bioplastics biodegradable cups market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Bioplastics Biodegradable Cups Market
- Huhtamaki Oyj
- Colpac Ltd.
- Benders Paper Cup Company
- Fabri-Kal
- World Centric
- Bio Futura B.V.
- Genpak, LLC
- Dart Container Corporation
- Pactiv LLC
- Lollicup USA Inc.
- BVO International GmbH
- Eco-products Inc.
- Good Start Packaging
- Scyphus
- Konie Cups International Inc.
- Empyreal Club
- ConverPack
- The Cup Folk
- Nupik-flo UK Ltd.
- Others
Global Bioplastics Biodegradable Cups Market: Segmentation
Constancy Researchers Private Limited has segmented the global bioplastics biodegradable cups market on the basis of type,material, capacity, application,end user, and regional analysis-
Global Bioplastics Biodegradable Cups Market: By Type
- Single Wall
- Double Wall
Global Bioplastics Biodegradable Cups Market: By Material
- Polylactic Acid (PLA)
- Polybutylene Succinate (PBS)
Global Bioplastics Biodegradable Cups Market: By Capacity
- Up to 7 oz
- 8-14 oz
- 15-20 oz
- Above 20 oz
Global Bioplastics Biodegradable Cups Market: By Application
- Food
- Beverages
- Ice-cream
- Others
Global Bioplastics Biodegradable Cups Market: By End User
- Food Service Outlets
- Institutional
- Household
Global Bioplastics Biodegradable Cups Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
