Disposable Cups Market Important Changes in Industry Dynamics during 2021- 2031
(PresseBox) - Disposable cups market is estimated to register high growth with the overall valuation forecast to reach US$ 10.6 Bn in 2021. FMI also has projected disposable cups demand to increase at 5.7% CAGR between 2021 and 2031.
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Despite stagnant sales amid COVID-19, disposable cups demand will surge from 2021 onwards, albeit gradually. Global consumption of disposable cups is forecast to reach 462.2 Bn Units by the end of 2021. The market has been projected to expand at 5.3% CAGR over the forecast period in terms of volume.
Today’s lifestyle has become expeditious and consumers are always on the go. As a cost-effective and convenient options disposable cups come handy as they take a sip into their favorite beverages while running for daily errands.
“With the rising preference for dining out, the popularity of on-the-go beverages and growing awareness about eco-friendly packaging solutions will fuel the demand for disposable cups. Also the expansion of foodservice chains, hypermarkets, and quick-service restaurants will boost sales opportunities in the disposable cups market,” says FMI analyst.
Disposable Cups Market by Category –
By Material Type:
Paper
Plastic
Foam
By Capacity:
Less than 250 ml
250 to 750 ml
Above 750 ml
By Application:
Food
Beverages
By End User:
Food Serve
Food Retail
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Exponential growth of online food ordering also will create opportunities for sales of disposable cups. Foodservice providers prefer disposable cup because they are tamper-proof and keep beverages safe from contamination during transportation. Plastic disposable takeaway cups are economical, solid, and insulation can extend both the hot and cold liquids delivery time.
Additionally, disposable cups with lids and straw slots are easier for quick delivery without the fear of leakage and pouring. Disposable cups do not require much storage space and are extremely easy to carry during transportation and serving.
Food service providers choose paper or disposable plastic cups over glass because they are unbreakable, time-saving, and easy to clean. Therefore, many fast food joints, cafeterias, and food malls opt for disposable cups as a reliable, safe, and convenient packaging solution to offer quickest delivery to the customers.
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Key Points Covered in Disposable Cups Market Survey
Market Estimates and Forecast 2014-2031
Key Drivers and Restraints Impacting Market Growth
Segment-wise, Country-wise, and Region-wise Analysis
Competition Mapping and Benchmarking
Market Share Analysis
Key Product Innovations and Regulatory Climate
COVID-19 Impact on Disposable Cups Market and How to Navigate
Unternehmensinformation / Kurzprofil:
Datum: 10.01.2022 - 19:44 Uhr
Sprache: Deutsch
News-ID 653468
Anzahl Zeichen: 3495
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