South Asia Disposable Cups Market to exhibit a CAGR of 7.5% by 2031

Today's lifestyle is quick and consumers are constantly moving. As a cost -effective and convenient option, disposable cups are useful when you drink your favorite drinks while doing your daily business.

Future Market Insights (FMI) is an attractive outlook for selling disposable cups. Due to consumers' preferences for eating out, the demand for drinks and drinks for taking home exploded. As a result, the overall sales of disposable cups are expected to be $ 10.6 billion in 2021.

Exploring growth in online food orders will also create disposable cup sales opportunities. Food service providers prefer disposable cups to prevent disposable cups and keep the beverages safer from pollution during transportation. Plastic disposable take -out cups are economical and sturdy, and can extend the delivery time of both hot and cold liquids with insulation.

Get Report Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-2639

Disposable cup market scene

Pactiv LLC.,
Georgia-Pacific LLC,
Huhtamäki Oyj,
Dart Container Corporation,
Berry Global Group, Inc.,
etc. are prominent players in the global disposable cup market. Market Tier 1 players account for 15-20% of the global disposable cup market.

In addition, disposable cups with lids and straw slots do not have to worry about leaks or pouring, and are easy to deliver quickly. Disposable cups do not require much storage space, so it is very easy to carry during transportation and serving. is.

Food service providers choose paper or disposable plastic cups over glass because they are less fragile, save time and are easier to clean. That's why many fast food outlets, cafeterias and food malls choose disposable cups as a reliable, safe and convenient packaging solution for the fastest delivery to their customers.

Key takeaways from the disposable cup market

The disposable cup of less than 250 ml is small, easy to dispatch, biodegradable, and recycled. These cups will hold 51.1% market share by 2031.
Paper is the most preferred material type, accounting for 48.6% of the market share by 2031.
The disposable cup beverage segment is projected to be the fastest growing application segment, accounting for 71.7% share during the forecast period, owing to the growing demand for ready-to-drink beverages.
Among end-users, the food retail sector will hold a 60.7% share of the market by 2031.
Across the globe, the Asia-Pacific region is emerging as a fast-growing market. It is estimated to exhibit a CAGR of over 6-7% over the forecast period.
Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-2639

"The growing popularity of eating out, the popularity of on-the-go beverages and the growing awareness of eco-friendly packaging solutions will increase the demand for disposable cups. 's expansion will increase sales opportunities in the disposable cup market," said an FMI analyst.

Demand for innovation and sustainable packaging to drive sales

Innovation is very important as it helps companies to go deeper into the market and create better opportunities for their customers.

for example,

On December 4, 2020, Acre launched Butterfly Cups, the world's most eco-friendly disposable cups. The Butterfly Cup contains no plastic laminate and is designed as an all-in-one that does not require a plastic lid. These cups are printed with plant-based inks and can be put in the trash with cardboard or composted at home as plain paper. ButterflyCup was therefore designed as a sustainable solution to the plastic waste crisis.
Therefore, innovation and sustainability will power the disposable cup market.

Region-wide plastic ban creating growth opportunities

Single-use plastic consumes valuable natural resources for its production, pollutes the environment and harms wildlife, animals and plants. Many countries have banned the use of single-use plastics due to the large amount of plastic littering landfills and oceans.

According to the Oceana Organization, about 15 million tons of plastic waste is dumped into the ocean each year, and about two truckloads of plastic waste enter the ocean every minute. The United States produces more plastic waste than any other country. With plastic production growing rapidly, the consequences can be devastating.

Items made of expanded polystyrene are no longer sold in Europe and are prohibited. A new law called Single-Use Plastics (SUP) aims to prevent and reduce the impact of plastic products on the aquatic environment and human health. This directive will be replaced by national law and will apply from 3 July 2021. Countries that do not comply with these obligations will be fined. Many countries limit single-use plastics. Hence, hindering the growth of the disposable cup market.

Disposable Cups Market by Category

By Material Type:

Paper
Plastic
Foam
By Capacity:

Less than 250 ml
250 to 750 ml
Above 750 ml
By Application:

Food
Spreads
Sausages & Dressings
Confectionary
Dairy
Ice Cream
Yogurt
Drinks
Beverages
Hot
Cold
By End User:

Food Serve
Food Retail
Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-2639

Contact Us:
Future Market Insights Inc.   
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA   
T: +1-845-579-5705   
For Sales Enquiries: sales@futuremarketinsights.com

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients

This release was published on openPR.