Disposable Cups Market Garner Growth at CAGR of 8.3% by 2026

LOS ANGELES, March 6, 2020 /PRNewswire/ -- The disposable cups market growth is projected to garner at a CAGR of 8.3% during the forecast period 2019 to 2026.

Being a kind of disposable utensil, a disposable cup utilized for serving beverage in restaurants, hotels, at homes, & commercial places and beverage packaging. The disposable cup is the most preferred option for serving and packaging food and beverages owing to their traits of disposable cups like lightweight, recyclability, and other physical qualities. These cups can hold cold as well as hot beverage products that have escalated their demand within the food and beverages industries. Further, the low price and easy obtain ability of disposable cups have made them well-accepted among the food and beverages industries.

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The key factors contributing to the growth of the global disposable cups market are the rising consciousness about hygienic products along with the flourishing commercial foodservice market. Further, the rising inclination of customers toward convenience food is also projected to fuel the demand for the product in the years to come. In addition, with the swift increase in delivery-optimized restaurants and rising preference of customers to the out-of-store dining experience, the disposable cups manufacturers are anticipated to come up with several product innovations to meet the delivery packaging and takeaway requirements. Nevertheless, the disposable cups are fabricated from plastic that has brought concerns regarding the effect of plastic cups' dumping on the environment. They have tuned out to be the reason for the intensifying waste crisis, thus driving the manufacturers to implement sustainable and recyclable solutions. Moreover, the escalated pollution level is also anticipated to hamper the expansion of the global disposable cups market during the forecast period.

Rising Inclination to Biodegradable Disposable Cups to Drive Global Market Growth

One of the major challenges for the nations around the world is the packaging waste and has been anencumbrance for the environment. On account of this, the packaging manufacturers are surfacing with packaging designs composed of biodegradable substances, thus driving the global disposable cups market growth. At present, the disposable cups are accessible in the market composed of bagasse, poly lactic acid (PLA), paper, and so on. Bagasse paper prepared from sugarcane is among the material utilized for disposable cup manufacturing and has gained considerable momentum in the recent period. To cite, a packaging solution firm, Material Motion, Inc., designed biogases cups that can decay within 90 days following use.

Disposable Cups Branding to Bring Up Several Business Opportunities

Disposable cups are used by numerous brands as their advertisement tools. Firms such as PepsiCo, Inc. and The Coca-Cola Company are utilizing disposable cups for the promotion of their brand. In addition, the use of brand logos on these cups assists in raising the consciousness of a specific business brand along with the growing sales of disposable cups because of its aesthetic appearance. Branding prospects in disposable cups can aid thus fuel the expansion of the global market.

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Rising Significance of Using Recyclable Paper Cups as A Sustainable Alternative

The usage of paper cups hasnumerous benefits over the plastic cups as these are safe, non-toxic, and biodegradable. Disposable cups fabricated from paper can fester and disintegrate in a few months. Owing tothese benefits, packaging manufacturers are developing and innovating diverse kinds of paper disposable cups. Further, the rising environmental mind fullness and rising worries have resulted in the launch of paper disposable cups, thereby boosting the growth of the global market.

Asia Pacific to Witness Substantial Growth Rate during the Forecast Period

Regionally, AsiaPacific is projected to witness a sustainable expansion rate during the forecast period on account of the increasing disposable income, economic development, and the escalating digit of fast-food restaurants. In addition, the fast-paced life in budding economies, like China andIndia, is also expected the boost expansion of convenience-oriented packaging solutions, comprising disposable cups. This, in turn, will drive the growth of the disposable cups market.

A few of the prominent players actively participating in the global disposable cups market consist of Berry Plastics Corporation, Benders Paper Cups, Dart Container, Cosmoplast Industries Co, Greiner Packaging GmbH, FrugalPac Limited, Kap Cones, James Cropper, Solo Cup Company, and Lollicup USA, among others.

Few key observations regarding Automotive Lane Keep Assist System industry include:

• In November 2011, a simple, sealed-off cup with a drinking spout was developed by Compleat Coffee Cup. The top of this lopsided paper cup can be creased into an arc to completely jettison the requirement for a distinct lid and thereby, decreasing the additional material usage for the lid.
• In January 2017, provider and manufacturer of consumer packaging, Berry Global, Inc., declared the procurement of AEP Industries Inc. The purchase offers the firm to magnify product portfolio and spread its geographical extent together with a rise in the production volume of engineered materials division.
• In early March 2020, Lincolnshire Co-op has started a drive by boosting the membership card-holders to "aid the environment" by recompensing them with 25p each time they utilize a reusable cup to buy their hot drinks. The encouragement, intended at decreasing single cup litter and waste, has launched across 69 Costa Express units at the food stores of the society.

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