The report analyses the following key players in the global plastic cups market, covering their capacities, market share, and latest developments like capacity expansions, plant turnarounds, and mergers, acquisitions, and investments: In the short term, the industry is also likely to be impacted adversely by the global lockdown due to the COVID-19 pandemic, which has led to restrictions on large gatherings and temporary closures of cafes and restaurants. However, the growth of the industry is expected to be constrained by factors such as a complete ban on plastic across various countries and a shift away from non-recyclable materials. With governments across the globe incentivizing recycling to reduce the carbon footprint, manufacturers are also looking to produce plastic cups out of recyclable materials and encouraging the recycling of their existing cups. The growing R&D activities by the manufacturers and the introduction of heat sensitive labels are expected to be major trends guiding the growth of the plastic cups market. In the coming years, customisable designs and packaging solutions are expected to drive the market growth. The introduction of attractive designs and packaging shapes are further providing a positive impact on the industry growth. The rising consumption of ready-to-drink packaged beverages and packaged dairy products like yoghurts are also acting as catalysts for the market growth. The growing proliferation of coffee houses, restaurants, fast-food chains, and ice-cream parlours across developed and emerging nations have also had a positive impact on the market. This trend has resulted in the growing consumption of processed and packaged foods, which has impacted the plastic cups market positively. The global working population has also witnessed an increase, which has led to higher standards of living among consumers, along with increasingly busy lifestyles. The global plastic cups market is being driven by the rapid urbanisation and increasing per capita incomes of the consumers across the globe. The report by EMR covers the major regional markets of plastic cups like North America, the Asia Pacific, Latin America, Europe, and the Middle East and Africa. The major end-use segments of plastic cups are: The leading distribution channels for the product are institutional and retail channels.īased on application, the industry can be divided into: Polylactic Acid (PLA), polypropylene (PP), polystyrene (PS), polyethylene terephthalate (PET), and poly vinyl chloride (PVC), among others, are the major types of raw materials used in the market. On the basis of type, the plastic cups market can be segmented into: They can either be single-use cups or could be utilised multiple times.īased on nature, the plastic cups market can be divided into: Plastic cups are manufactured from plastic with the primary intention of acting as containers for beverages, although they can also be used to hold various packaged food products like ready-to-eat noodles, fruits, and dairy products, among others.
#PLASTIC CUPS DRIVERS#
China and South Asian countries like India are the major growth drivers of the industry in the Asia Pacific region aided by their economic growth and rising working population. The increasing penetration of cafes and restaurants, along with global fast food chains, in tier 1 as well as tier-2 and 3, cities are the major drivers of the plastic cups market growth in the region. The Asia Pacific is projected to witness a robust growth in the coming years due the rapidly growing beverage industry. The rising disposable incomes, increasing living standards, and fast-paced lifestyles are also aiding the growth of the coffee industry in North America, which in turn is aiding the growth of the plastic cups market.
The well-established café culture and the expansion of fast-food chains in North America and Europe are driving the growth of the industry. The market is these regions are expected to be driven by the thriving food and beverage industries. The growth of the plastic cups market is expected to be driven by regions such as the Asia Pacific, North America, and Europe, which dominate the overall disposable cups market.
#PLASTIC CUPS PDF#
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF In the forecast period of 2023-2028, the market is expected to grow at a CAGR of 8.2%. The global plastic cups market is projected to grow from an estimated value of USD 12.6 Billion in 2020 to USD 20.3 Billion by 2026.
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