A disposable cup is a disposable utensil used as tableware, for food and beverage packaging, and serveware in restaurants, hotels, homes, and commercial places. Disposable cup types include plastic cups, paper cups, and foam cups, and these are available in different sizes, shapes, and varieties. Disposable cups are cost-effective, lightweight, moisture-resistant, safe, and excellent for serving cold or hot beverages. The insulated cups help to keep the cold beverage cooler and hot liquid warm for a longer duration.
According to a market report published by Bizwit Research & Consulting, LLP, the global disposable cups market is valued at approximately USD 11.46 billion in 2020 and is anticipated to grow with a healthy growth rate of nearly 6.42 % over the forecast period 2021-2027.
High adoption of disposable cups across the globe, increasing demand for beverage packaging, and rising hygiene awareness; are some of the major factors that are expected to significantly contribute towards the growth of the global disposable cups market during the forecast period. Also, the variety in disposable cups offered by the market players is expected to offer growth opportunities to the market. However, environmental concerns regarding disposable cups and instability in the prices of raw materials are expected to hinder the market growth during the forecast years.
Increasing usage of organic and eco-friendly components in the manufacturing of paper cups is expected to create growth prospects for the global disposable cups market during the forecast period. The manufacturers of disposable paper cups have been considering the demand for total biodegradable and eco-friendly disposable paper cups and therefore are focusing on product diversification and innovation. In 2021, Lecta launched EraCup Natural is a single-use paper-based solution. It became a part of the company’s nature-friendly packaging. EraCup Natural cups are biodegradable, polyethylene – free and recyclable. Also, in 2020, Lavazza Professional formed a partnership with Kotkamills and launched a paper cup for vending machines, KLIX Eco Cup™. The product is biodegradable and recyclable and is produced from the paper sourced from sustainably managed forests. Hence, this is expected to create growth prospects for the global disposable cups market in the forecast years.
Global Disposable Cups Market Size Study, by Product (Paper, Plastic, and Foam), By End – Use (Commercial, Institutional, and Household), and Regional Forecasts 2021-2027
The total market revenue is calculated based on revenue generated through the sales of disposable cups. However, any revenue generated through the resale, recycle of products are excluded from the report. Major companies covered under the report are Huhtamäki Oyj, Dart Container Corporation, Berry Global Group Inc., Pactiv LLC, DUNI AB, and more. Other popular regional players across various countries are also considered for revenue calculation.
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