The latest market report published by Constancy Researchers “Global Disposable Cups Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Disposable Cups Market: Overview
The global disposable cups market was valued at US$ 11,879.9 Million in 2020 and is estimated to grow at a CAGR of 7.5% during the forecast period. The global disposable cups market is anticipated to witness lucrative growth in the years to come due to the increased use of disposable cups in events and the growing food & beverages packaging industry worldwide. Furthermore, the growing awareness for hygiene products coupled with change in food & beverage trends are some other key factors for the growth of the disposable cups market during the forecast period. Moreover, the increased demand for sustainable packaging solutions across developed and developing economies is one of the key opportunities for the global disposable cups market over the upcoming years. Besides, the volatile raw material prices is one of key factors estimated to hamper the global disposable cups market growth in the years to come.
Global Disposable Cups Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global disposable cups market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global disposable cups market, the demand for disposable cups has decreased due to haltin the manufacturing industry worldwide during the COVID-19 period.
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Global Disposable Cups Market: Report Highlights
- Based on capacity, the less than 250 ml category had a major share in the global disposable cups market in 2020 and presumed to witness lucrative growth over the forecast period.This is ascribed to the growing demand for these cups in offices and ready to eat shops.
- Based on the regional analysis, Asia Pacific had a major share in the global disposable cups market and is estimated to continue its dominant position over the upcoming years. This is majorly due to the increased demand for disposable cups in offices along with growing awareness for sustainable packaging among consumers. Moreover, the growing urbanization along with the rising food and beverages market 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 disposable cups market.
- As per the research by Constancy Researchers Private Limited, the global disposable 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 Disposable Cups Market
- Berry Global Group, Inc.
- Huhtamaki Oyj
- Georgia-Pacific LLC
- Genpak, LLC
- Pactiv LLC
- Dart Container Corporation
- Greiner Packaging International GmbH
- Churchill Container
- FrugalPac Limited
- Grupo Phoenix Capital Limited
- Letica Corporation
- F Bender Limited
- ConverPack Inc.
- Stanpac Inc.
- Cosmoplast Industrial Company (L.L.C.)
- Others
Global Disposable Cups Market: Segmentation
Constancy Researchers Private Limited has segmented the global disposable cups market on the basis of material,capacity, application, end use and regional analysis-
Global Disposable Cups Market: By Material
- Paper
- Plastic
- Foam
Global Disposable Cups Market: By Capacity
- Less than 250 ml
- 250 to 750 ml
- Above 750 ml
Global Disposable Cups Market: By Application
- Food
- Beverages
Global Disposable Cups Market: By End Use
- Commercial
- Institutional
- Household
Global Disposable 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)
