Press release
Portion Cups Market to Reach USD 2.23 Billion by 2030: Foodservice Trends Drive Growth
Portion Cups Market
The global portion cups market is experiencing significant growth, with projections indicating an increase from USD 1.40 billion in 2023 to USD 2.23 billion by 2030, reflecting a robust CAGR of 6.9% during the forecast period. This growth is driven by rising demand in the foodservice industry, increasing consumer preference for convenience, and the versatility of portion cups in handling both hot and cold items.
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► Competitive Landscape
Key players in the portion cups market include Huhtamaki Oyj, Pactiv LLC, Berry Global Inc., Dart Container Corporation, and Genpak LLC. These companies are focusing on product innovation, sustainable materials, and strategic partnerships to enhance their market presence.
► Regional Insights
• Growth Opportunities in the United States
The United States portion cups market is witnessing substantial growth due to the increasing demand for ready-to-eat foods and the expansion of the foodservice industry. The rise in the working population and higher spending power are contributing to this trend. Additionally, the focus on portion control and food waste reduction is fueling the adoption of portion cups in both commercial and household settings.
• Trends and Consolidation in Asia Pacific
Asia Pacific dominates the global portion cups market and is expected to expand significantly in terms of revenue during the forecast period. Factors such as population growth, rapid urbanization, industrialization, economic growth, and a burgeoning food and beverage industry in countries like China and India are driving this expansion. The increasing consumption of salads, dressings, and condiments, along with the adoption of western food culture, are further boosting market growth.
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• Updation and Opportunities in the Middle East and Africa
The Middle East and Africa region is experiencing growth in the portion cups market due to infrastructure development, healthcare investments, and a focus on advanced materials. Countries in the GCC are witnessing increased demand for portion cups, driven by the expansion of the foodservice industry and the adoption of convenient packaging solutions.
• Market Growth in Europe
Europe holds a significant share of the global portion cups market, with strong growth in the foodservice and hospitality sectors. Stringent regulations favoring sustainable and eco-friendly packaging materials, coupled with a focus on reducing food waste, are key drivers. Countries like Germany, France, and the UK are leading in innovation and technology adoption in this sector.
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► Market Segmentation: In-Depth Analysis:
• by Material Type
Plastic
Polypropylene
Polyethylene
HDPE
LDPE
Polyamide
Bioplastics
Starch Blends
PET
Polystyrene
Paper
Aluminum Foil
Sugarcane & Others
More than half of the worldwide potion cup market share is anticipated to be held by the Polyethylene segment by Material Type in 2023. In the current portion cup market, polypropylene is the most commonly utilized material for portion cup production. The material's excellent thermo-formability has been the driving force behind this market segment. Because of their high melting point, PP portion cups work well with hot dishes like soups and spicy dips. In addition, among other common plastics, polypropylene is excellent for reheating.
• by Capacity
Up to 1 Oz
1 to 4 Oz
4 to 6 Oz
Above 6 Oz
• by Application
Sauces
Guacamole
Hummus
Soups
Dressings or Toppings
Bakery
Dairy
Ice Creams
Others
According to Application, the growing use of sauces in international cuisines is anticipated to propel the Dressings or Toppings and Sauces segment's growth.
• by End-Use
Food Service Outlets
Full-Service Restaurants
Quick Service Restaurants
Ice Cream Vendors
Institutional
Cinemas
Airlines & Railways
Schools & Offices
Hospitals
Households
Due to the growing number of food service providers and the rising consumption of fast food among young people, the foodservice outlets segment is anticipated to develop significantly by end consumers.
• by Sales Channel
Direct Sales
Retailers
Hypermarkets
Supermarkets
Convenience Stores
Specialty Stores
Discount Stores
e-Retail
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-portion-cups-market/44295/
► Learn about the top players driving innovation in the Market :
1. Huhtamaki Oyj
2. Sonoco Products Company
3. Berry Global Inc.
4. Dart Container Corporation
5. Genpak LLC
6. D&W Fine Pack LLC
7. Placon Corporation
8. Pactiv LLC
9. Georgia-Pacific Corp.
10. Fabri-Kal Corporation
11. Winpak Ltd.
12. Amhil Enterprises Ltd.
13. Polar Pak Company
14. Eco-Products, Inc.
15. Sabert Corporation
16. Graphic Packaging International
17. London Bio Packaging
18. Nature Works LLC
19. World Centric
20. BSI Biodegradable Solutions
21. Dot It Restaurant Fulfillment
22. International Paper
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► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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