Disposable Cups Market Players: Westrock Company, Genpak, LLC, Go-Pak UK Ltd., And Converpack Inc.

 Disposable Cups Industry Overview

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. 

 

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.


Disposable Cups Market Segmentation

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

Based on the Product Insights, the market is segmented into Paper, Plastic, and Foam.

  • Paper disposable cups dominated the market with a share of around 57.0% in 2020 and are expected to exhibit the fastest CAGR over the forecast period. This is attributed to their ideal nature to serve hot and cold beverages to on-the-go consumers. The paper cups are considered to be environmentally friendly and mostly made from natural substances, which are recyclable, and therefore are a great way to reduce carbon footprint.

 

  • Plastic disposable cups are projected to expand at a CAGR of 5.8% from 2021 to 2028. The growth of this segment is attributed to their low cost and heavy-duty construction. Like paper, plastic disposable cups also come in a variety of green, eco-friendly options.

 

Based on the End-use Insights, the market is segmented into Commercial, Institutional, and Household.

  • The commercial end-use segment dominated the market with a share of over 76.0% in 2020 and is expected to witness the fastest growth over the forecast period. This is attributed to the growing penetration of various quick-service restaurants and coffee chains, which are creating significant demand for disposables cups.

 

  • With an increasing number of consumers opting for take-away or home delivery services, many quick-service restaurants are considering disposable products, such as cups, plates, and cutlery, for serving and packaging. In addition, these disposable products are considered to be highly hygienic when it comes to the packaging of food and drinks, thereby driving the demand for disposable cups over the forecast period.

 

Disposable Cups Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The market for disposable cups is characterized by the presence of various well-established players. These players are characterized by a diverse product portfolio along, with a vast distribution network. They account for a significant market share and serve their customers across the globe. Besides, the market comprises small-to-mid-sized players, which have a selected range of products and mostly serve local customers.

In order to strengthen their position and boost revenue growth, many market players are adopting strategies, such as innovative and eco-friendly product launches. For instance, in July 2019, Huhtamäki Oyj launched a new compostable Bioware® Impresso double-walled hot cup that adds to its existing Bioware® compostable range. The new cup utilizes the unique Impresso bubble emboss, which provides enhanced insulation and a tactile touch for the holder. The company’s hot cup is made of sustainable 100% PEFC certified paperboard and has a plant lining that is certified compostable. Some prominent players in the global disposable cups market include:

  • 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

 

Order a free sample PDF of the Disposable Cups Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

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.

 

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Comments

Post a Comment

Popular posts from this blog

Europe Homogeneous Precious Metal Catalyst Market Players: Johnson Matthey, Clariant AG, Haldor Topsoe, And Umicore

  Europe Homogeneous Precious Metal Catalyst Industry Overview The Europe homogeneous precious metal catalyst market size to be valued at USD 2.4 billion by 2028 and is expected to grow at a compound annual growth rate (CAGR) of 18.9% during the forecast period. Increasing preference for homogeneous catalysts over heterogeneous ones owing to their specific features, especially associated with selectivity, augment the market growth. The market is also expected to witness a significant hike in demand amid the Covid-19 pandemic as PGM catalysts are utilized in the formulation of several APIs, such as a few antibiotics used for Covid-19 treatment. Homogeneous precious metal catalysts, the directed synthesis of a composite organic intermediate, can be completed catalytically to deliver a product that could not be obtained by other means. A homogeneous catalytic way can enhance the product superiority as well as the complete economics of a present process. Several proven homogeneous ca...
Read more

Active Pharmaceutical Ingredients Market Experiencing Unprecedented Expansion Driven by Escalating Demand for Biosimilars

 The global active pharmaceutical ingredients market is part of the multifaceted pharmaceutical ecosystem driven primarily by innovation and regulatory compliance. The industry serves as the foundation for drug formulation and production. Active pharmaceutical ingredients (API) are active ingredients in medicine that produce the desired therapeutic effects. In recent years, the API market has witnessed significant growth and transformation, influenced by factors such as technological advancements, regulatory reforms, and changing healthcare landscapes. In the early days of pharmaceutical manufacturing, drug formulations were relatively simple, and APIs were primarily sourced from natural substances. However, with the advent of synthetic chemistry and molecular biology, the landscape of API production underwent a paradigm shift. Pharmaceutical companies began to invest in research and development to discover novel APIs, leading to the rise of innovative drug therapies.   Acc...
Read more

Thermal Barrier Coatings Market: North America Dominated And Accounted For The Largest Revenue Share

  Thermal Barrier Coatings Industry Overview The global  thermal barrier coatings market  size is expected to reach USD 21.69 billion by 2028, growing at a CAGR of 4.8% over the forecast period, according to a new study by Grand View Research, Inc. Increasing demand for advanced heat resistant coatings from several end-use industries including energy, automotive, and aerospace is expected to have a positive impact on the market growth in the coming years. The growing scope of applications in gas turbines, which are widely used across the energy sector, is also expected to propel the product demand. The Electron-Beam Physical Vapor Deposition (EBPVD) technology segment is estimated to witness significant growth over the forecast period. EBPVD thermal barrier coatings are widely used for gas turbine engine components to improve engine durability and efficiency. The growing gas turbine market is anticipated to significantly drive the demand for EBPVD thermal barrier coatin...
Read more