Press release
Global Disposable Cups Market Size, Share, Forecasts 2023 - 2033 | Top key players: Pactiv Evergreen Inc., Genpak, Go-Pak Group, Duni, WestRock Company, International Paper Company, Georgia-Pacific LLC, TekniPlex Consumer Products, Green Paper Products, a
Global Disposable Cups Market Size
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The global disposable cup market is the market for throwaway cups made of paper, plastic, or foam that are used for food, beverages, and other purposes. During different events, a variety of beverages, including water, coffee, soup, tea, and soft drinks, are served in disposable cups. The growing demand for disposable cups due to customers' growing need for convenience and an on-the-go lifestyle is responsible for the market's growth. Furthermore, eco-conscious consumers are drawn to products with innovative designs and materials, such as compostable and biodegradable cups, which fuel market expansion. The government aids in the expansion of the disposable cups market. However, since they are more expensive than plastic cups, disposable paper cups face major commercial barriers.
The paper segment held the largest share of 64.45% in 2023 and is estimated to grow at a CAGR of 3.41% throughout the projection period.
Based on the product, the global disposable cups market is categorized into plastic, paper, polystyrene foam cups, and others. Among these, the paper segment held the largest share of 64.45% in 2023 and is estimated to grow at a CAGR of 3.41% throughout the projection period. Paper cups are generally accepted to be recyclable, environmentally friendly, and composed primarily of natural materials.
The commercial segment accounted for the largest market share of 71.12% in 2023 and is estimated to grow at a CAGR of 4.42% throughout the projection period.
Based on the end-use, the global disposable cups market is classified into household, commercial, and institutional. Among these, the commercial segment accounted for the largest market share of 71.12% in 2023 and is estimated to grow at a CAGR of 4.42% throughout the projection period. This is due to the high demand for disposable cups in commercial settings including cafes, restaurants, and catering services where cleanliness and convenience are essential.
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North America is anticipated to hold the largest share of the disposable cups market over the predicted timeframe.
North America is anticipated to hold the largest share of the disposable cups market over the predicted timeframe. The use of disposable cups has increased due to a more adaptable lifestyle and growing awareness of sanitation and hygiene.
Asia Pacific is expected to grow at the fastest CAGR growth of the disposable cups market during the forecast period. The region's increasing urbanization, rising disposable incomes, and growing demand for on-the-go consumption are all contributing factors to the market's expansion.
Major key players in the global disposable cups market include Huhtamäki, Dart Container Corporation, CONVERPACK INC., Bender Limited, Berry Global Inc., Pactiv Evergreen Inc., Genpak, Go-Pak Group, Duni, WestRock Company, International Paper Company, Georgia-Pacific LLC, TekniPlex Consumer Products, Green Paper Products, and Others.
Recent Development
In February 2024, the new Tumbler line of recyclable beverage containers from Faerch Group will feature at least 30% post-consumer recycled material. These cups can be recycled endlessly into new food packaging while remaining useful and safe.
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Key Target Audience
Market Players
Investors
End-users
Government Authorities
Consulting And Research Firm
Venture capitalists
Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the disposable cups market based on the below-mentioned segments:
Global Disposable Cups Market, By Product
Plastic
Paper
Polystyrene Foam Cups
Others
Global Disposable Cups Market, By End-use
Household
Commercial
Institutional
Global Disposable Cups Market, By Regional Analysis
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa
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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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