Disposable Cups Market Is Booming Worldwide With Leading Key Players, 2020-2027

A disposable cup is a type of utensil used for beverage serving or packaging. It is a type of tableware that is made from paper, plastic, or foam. Disposable cups have become a leading choice for packaging and serving food and beverages because of their features like recyclability, lightweight, and other physical attributes. These disposable cups are meant for use and throw or recycle after a single-use. They are capable of holding both hot as well as cold beverage products, which has increased their demand in the market. These cups are becoming rapidly popular across the world because they are eco-friendly and reduces foodborne infections and diseases. The demand for disposable cups come from food canteens, industrial canteen, restaurants, coffee or tea shop, fast food, IT companies, educational institutions, supermarkets, health clubs, and event organizers. Every year more than 500 billion disposable cups are used all over the globe.

•COVID-19 Scenario Analysis:
• COVID-19 has decreased the growth of the market of disposable cups.
• Disposable cups were highly used by hotels, restaurants, food retails, bars, railways, and airlines. The demand from all these end-users is witnessing a major downfall because of the lockdown situation.
• Social events and gatherings like parties, and weddings demand disposable cups on a large scale, but the restriction on social gathering has hampered this demand.

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•Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The key driver of the global disposable cup market is the combination of “throw-away” and “takeaway” culture in the foodservice and associated sectors. In addition, rise in purchasing power, increase in disposable income, surge in per capita income, rapid urbanization, and changes in lifestyle & eating habits of people drive the market growth of the global disposable cups. In the ever-increasing busy schedule and hectic lifestyle of people, takeaway services are trending, which further increases the demand for new and improved disposable cups. Along with this, the easy availability of disposable cups in different sizes and colors drive its demand in marriages and other corporate events.

However, environmental concerns can be a reason for the sluggish growth of the global disposable cups market.

Many companies coming with different variants of disposable cups, have started to develop disposable cups that are suitable for both hot and cold beverages. Also, global and regional players are investing in the
market, which is creating tremendous opportunities for the global disposable cups market.

•Increase in Demand for Sustainability

Disposable cups manufacturing companies have started to look for alternatives to achieve sustainability in their business operations because of the environmental concerns and increase in stringent regulations set by the government regarding the use of plastic. This has increased the use of biopolymers in manufacturing disposable cups due to which the market is expected to gain traction.

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•Regions covered North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

•Companies covered Eco Products Inc., Berry Plastics Corporation, Dart Container Corporation, Solo Cup Company, Pactiv LLC, Churchill Container, Geoclima, Greiner Packaging GmbH, ConverPack Paper Cup Company, Benders Paper Cups, FrugalPac Limited, James Cropper Plc., Huhtamaki Oyj and Genpak LLC, Cosmoplast industries Co. (LLC), Kap Cones, and Lollicup.

Key Benefits of the Report:
• This study presents the analytical depiction of the global disposable cups industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global disposable cups market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global disposable cups market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global disposable cups market analysis based on competitive intensity and how the competition will take shape in the coming years.

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