Biodegradable Cups Market | Covid 19 Outbreak | Opportunities, Key Players, Competitive and Regional Analysis by Forecast 2027

Transparency Market Research delivers key insights on the biodegradable cups market in its published report. In terms of revenue, the global biodegradable cups market is estimated to expand at a CAGR of ~5% during the forecast period of 2019–2027, owing to numerous factors, which TMR offers through insights and forecasts in the biodegradable cups market report.

biodegradable cups market share
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Growing Preference of Manufacturers Towards Biodegradable Packaging Products to Boost Market Growth

TMR has found that, growing consumer demand for biodegradable cups translates into potential interest from manufacturers who choose to comply with their customer’s requirements. As fossil fuel reserves are getting depleted, the need for biodegradable packaging presents more of an opportunity and a solution to the problem. Global packaging manufacturers are promoting biodegradable cups that are used in various end-use industries such as food & beverages. Furthermore, an increase in the consumption of ready-to-eat meals has created noteworthy opportunities for biodegradable cup manufacturers to maximize their revenue portfolios. Biodegradable cups are used for various applications, which include food, beverages, and ice cream. The APAC region is expected to create the highest incremental $ opportunity of ~US$ 76 Mn, with the increase in the number of foodservice outlets. According to the TMR report, the global food industry is expected to capture a considerable market share during the forecast period.

Rising Anti-plastic Sentiments to Drive Demand for Biodegradable Cups

Increasing awareness regarding the adverse effects of plastic on the environment has led to the formulation of stringent regulations for single-use plastic. Consumers and end users are aware of its negative impact on the environment. Persistent efforts by governments to reduce the use of plastic packaging boosts the demand for biodegradable cups. The governments of several countries are implementing strict measures to reduce plastic waste. Furthermore, leading biodegradable cup manufacturers are constantly putting in efforts to introduce advanced biodegradable cups in the market.

For Instance, Huhtamaki Oyj, one of the leading biodegradable cup manufacturers has launched a new product called Impresso double walled hot cup, in its existing Bioware product range, in July 2019. Similarly, in May 2018, World Centric, another biodegradable cup manufacturer, announced the launch of its No Tree range of products, which includes fully-compostable hot cups and bowls.

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Initiatives are being taken by governments to reduce the usage of plastic, which started with the ban on single-use plastics in several countries. Many institutions and companies have been trying to develop different products that could replace traditionally-used plastics with environmental-friendly options. The increasing number of beverage consumers evokes the need to replace plastic products with complete PE lined paper cups. With the availability of PLA lined paper cups and cups entirely made of PLA, end users and customers are gradually replacing plastic cups with biodegradable cups, which, in turn, will drive the global biodegradable cups market.

Competition Landscape: Biodegradable Cups Market

Some of the key players operating in the global biodegradable cups market that are included in the report are 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, Eco-Products, Inc, Go-Pak UK LTD, Vegware, Scyphus Limited, Nupik-flo UK Ltd, Biopak Pty Ltd., Detpak, BVO International GmbH, Good Start Packaging, and The Cup Folk.

Global Biodegradable Cups Market: Classification

Biodegradable Cups Market by Capacity

Up to 7 Oz
8 -14 Oz
15 – 20 Oz
Above 20 Oz
Biodegradable Cups Market by Material

Paper
Plastic
PLA
PBS
Biodegradable Cups Market by Product

Single Wall
Double Wall
Biodegradable Cups Market by Application

Food
Spreads
Sauces & Dressings
Confectionery
Beverages
Hot
Cold
Ice Cream
Biodegradable Cups Market by End Use

Food Service Outlets
Quick Service Restaurants
Hotels
Cafes
Institutional
Educational & Public Institutes
Private Institutes
Malls & Multiplexes
Household
Biodegradable Cups Market by Region

North America
U.S.
Canada
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Germany
Italy
France
U.K
Spain
Benelux
Nordic
Russia
Poland
Rest of Europe
Asia Pacific
China
India
ASEAN
Japan
Australia & New Zealand
Rest of APAC
Middle East & Africa
GCC
North Africa
South Africa
Rest of Middle East & Africa

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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This release was published on openPR.