Disposable Cups Market Size Worth $20.76 Billion By 2028 | CAGR: 7.2%: Grand View Research, Inc.

SAN FRANCISCO, April 8, 2021 /PRNewswire/ -- The global disposable cups market size is expected to reach USD 20.76 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.2% from 2021 to 2028. The hectic lifestyle and long working hours are known to contribute to the demand for disposable utensils to save the time of the consumers. Availability of new and improved products for takeaway services is also anticipated to positively influence the market growth. The easy availability of customized cups with attractive colors, prints, and messages is driving the product demand in household parties and other corporate events.

Key suggestions from the report:

• By product, paper disposable cups are projected to expand at the fastest CAGR over the forecast period owing to their ideal nature to serve hot and cold beverages to on-the-go consumers
• The commercial end-use segment dominated the market with a share of over 76.0% in 2020. This is attributed to the growing penetration of various quick-service restaurants and coffee chains
• Asia Pacific held the largest share of over 32.0% in 2020 and is foreseen to remain at the forefront over the forecast period owing to the opening of various international food chain restaurants and outlets and growing urban population

Read 80 page research report with ToC on "Disposable Cups Market Size, Share & Trends Analysis Report By Product (Paper, Plastic, Foam), By End-use (Commercial, Institutional, Household), By Region, And Segment Forecasts, 2021 - 2028" at:https://www.grandviewresearch.com/industry-analysis/disposable-cups-market

The disposable cups come in various designs and shapes and can be a valuable addition to business. In addition, they offer the opportunity for branding, helping to spread the awareness of the business. The availability of an extensive product range in all price segments in supermarkets, hypermarkets, departmental stores, and other offline sales outlets is foreseen to make them more accessible to the common public. Furthermore, the easiest way to purchase disposable cups is online.

Sales of disposable cups through online channels are foreseen to witness traction on account of the availability of products, such as a printed or plain white cup, from several players, along with convenient delivery options. Additionally, most of the websites have information about size, price, and the substances that are used to manufacture the cup. This way consumers can make an informed decision and also be sure that the product is made of natural substances and hence recyclable.

Amid the Covid-19 pandemic, several brick-and-mortar stores have taken a major hit owing to the need for social distancing in most infected countries, however, e-commerce has emerged as the go-to distribution channel for supplies since the outbreak.

Consumers' love for hot beverages, such as coffee, and other takeaway foods support an enormous consumption of disposable cups across the globe. However, disposable cups made of plastic or other materials are quite harmful to our planet and also imply serious problems. Sometimes, regular paper cups come with a plastic lid, which needs to be disposed of separately, and they harbor a plastic lining, which impairs their recycling. Thus, manufacturers operating in the market are focusing on introducing a plastic-free, disposable takeaway cup that breaks down completely in soil and has a unique folding top to prevent spills.

For instance, in December 2020, ButterflyCup launched a plastic-free lidless disposable cup in Britain that is entirely composed of paper, with plant-derived inks, and a water-based dispersion coating that keeps it from leaking. The cup can be composted or recycled with other paper and cardboard waste, thus making it totally sustainable. As per the company, the novel cup will premiere at Wildfowl & Wetlands Trust (WWT) centers across the U.K. However, it is already being used in 20 countries across the globe.

By product, paper disposable cups are foreseen to witness the fastest growth over the forecast period. The growing consumer concerns over the deteriorating environment and rising intolerance toward the use of plastic products, such as cups, are fueling the demand for paper cups. In addition, strict government reforms regarding the usage of single-use plastic disposables are driving consumers to opt for paper cups instead.

The European region is a significant shareholder in the market and is foreseen to witness noteworthy growth over the forecast period. The growing number of restaurants and coffee shops in countries, such as France, Germany, the U.K., and Italy, is expected to drive the demand for disposable cups in the coming years. The trend of "Food Away From Home" is rising owing to more people opting for convenient meal solutions while working away from home. Most quick-service vendors use convenient packaging formats, such as disposable plates, cups, and bowls, which are expected to drive the market over the forecast period.

Grand View Research has segmented the global disposable cups market on the basis of product, end-use, and region:

• Disposable Cups Product Outlook (Revenue, USD Million, 2016 - 2028)
• Paper
• Plastic
• Foam
• Disposable Cups End-use Outlook (Revenue, USD Million, 2016 - 2028)
• Commercial
• Institutional
• Household
• Disposable Cups Regional Outlook (Revenue, USD Million, 2016 - 2028)
• North America
• U.S.
• Europe
• Germany
• U.K.
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa
• South Africa

List of Key Players of Disposable Cups Market

• Huhtamäki Oyj
• Dart Container Corporation
• Berry Global Group Inc.
• Pactiv LLC
• DUNI AB
• WestRock Company
• Genpak, LLC
• Go-Pak UK Ltd.
• ConverPack Inc.
• Benders Paper Cups

Find more research reports on Homecare & Decor Industry, by Grand View Research:

• Fast Food & Quick Service Restaurant Market – The global fast food and quick service restaurant market size was valued at USD 257.19 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027.
• Ready to Drink Tea And Coffee Market – The global ready to drink (RTD) tea and coffee market size was estimated at USD 75.25 billion in 2016, growing at a CAGR of 5.6% from 2017 to 2024. The rising demand for energy drinks that have a familiar taste as daily consumption beverages is expected to boost the demand for RTD products over the forecast period.
• Expanded Polystyrene Market – The global expanded polystyrene market size was valued at USD 9.5 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.8% from 2021 to 2028.

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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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