Recyclable Cups Market to Reflect Steady Growth Rate by 2027
Recyclable Cups market– Dynamics
There have been an increase in quick service restaurants over the past few decades due to consumers changing life style and food habits leading to a parallel rise in the demand for more hygienic packaging and serving materials and the trend is expected to continue over the forecast period thereby creating more opportunities for recyclable cups market. Recyclable cups are made from paper and plastic which gives it an extra advantage of being molded and designed to make the product attractive and visually appealing. The recyclable cups are intended to reduce the environmental and health impacts caused by the use of traditional disposable cups made from materials hard to recyclable. The recyclable cups also helps the manufacturer in reducing the carbon footprint thereby reducing the cost of overall production. Attributed by these features, the recyclable cups market is anticipated to grow in terms of demand throughout the forecast period. However, the recyclable cups market is very fragmented in nature. The presence of local players and the offering of the products at comparatively lower prices tends to hamper the growth of multinational players in this market.
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Recyclable Cups market – Region wise outlook
The global recyclable cups marketis segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Over past few decades, North America has been an established market. However, due to stringent law implication on the disposable cups and consumer concern over health and hygiene are anticipated to drive the market of recyclable cups in North America. Asia Pacific with two emerging economies, China and India is expected to dominate the recyclable cups market over the forecast period. Asia Pacific have witnessed an increase in quick service restaurants over the past few years and the trend is expected to continue over the forecast period. The major consumption of recyclable cups is anticipated to account from food service and food retail sectors, therefore, Asia pacific is expected to witness substantial growth in recyclable cups market between 2017 and 2027. However, revenue from the markets in Latin America and Middle Eastern countries is sluggish currently due to stagnant economy which is also expected to translate into lower demand for recyclable cups in these regions.
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Recyclable Cups market - Key Players
The key players in recyclable cups market include Berry Plastics Corporation, Eco-Products, Inc., FrugalPac Limited., Paper Cup Company, Genpak, LLC., Huhtamaki Oyj, JAMES CROPPER PLC
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Report Highlights : Detailed overview of parent market,Changing market dynamics in the industry,In-depth market segmentation,Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape,Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint
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