Global Plastic Cups Market Report and Forecast 2024-2032

Global Plastic Cups Market Outlook

The global plastic cups market is projected to grow from an estimated value of USD 14.75 Billion in 2023 to USD 23.77 Billion by 2032. In the forecast period of 2024-2032, the market is expected to grow at a CAGR of 8.3%. 

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The growth of the plastic cups market is expected to be driven by regions such as the Asia Pacific, North America, and Europe, which dominate the overall disposable cups market. The market is these regions are expected to be driven by the thriving food and beverage industries. The well-established café culture and the expansion of fast-food chains in North America and Europe are driving the growth of the industry. The rising disposable incomes, increasing living standards, and fast-paced lifestyles are also aiding the growth of the coffee industry in North America, which in turn is aiding the growth of the plastic cups market.

The Asia Pacific is projected to witness a robust growth in the coming years due the rapidly growing beverage industry. The increasing penetration of cafes and restaurants, along with global fast food chains, in tier 1 as well as tier-2 and 3, cities are the major drivers of the plastic cups market growth in the region. China and South Asian countries like India are the major growth drivers of the industry in the Asia Pacific region aided by their economic growth and rising working population.

Market Segmentation

Plastic cups are manufactured from plastic with the primary intention of acting as containers for beverages, although they can also be used to hold various packaged food products like ready-to-eat noodles, fruits, and dairy products, among others. They can either be single-use cups or could be utilised multiple times.

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Based on nature, the plastic cups market can be divided into:

• Disposable
• Non Disposable
• Recyclable

On the basis of type, the plastic cups market can be segmented into:

• Heavy Duty, Hard Wall
• Heavy Duty, Flexible
• Thin Wall
• Others

Polylactic Acid (PLA), polypropylene (PP), polystyrene (PS), polyethylene terephthalate (PET), and poly vinyl chloride (PVC), among others, are the major types of raw materials used in the market. The leading distribution channels for the product are institutional and retail channels.

Based on application, the industry can be divided into:

• Chilled Food and Beverages
• Hot Food and Beverages
• Others

The major end-use segments of plastic cups are:

• Ice Cream Industry
• QSR and Other Fast Food Shops
• Offices and Educational Institutions
• Residential Use
• Others

The report by EMR covers the major regional markets of plastic cups like North America, the Asia Pacific, Latin America, Europe, and the Middle East and Africa.

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Market Analysis

The global plastic cups market is being driven by the rapid urbanisation and increasing per capita incomes of the consumers across the globe. The global working population has also witnessed an increase, which has led to higher standards of living among consumers, along with increasingly busy lifestyles. This trend has resulted in the growing consumption of processed and packaged foods, which has impacted the plastic cups market positively.

The growing proliferation of coffee houses, restaurants, fast-food chains, and ice-cream parlours across developed and emerging nations have also had a positive impact on the market. The rising consumption of ready-to-drink packaged beverages and packaged dairy products like yoghurts are also acting as catalysts for the market growth. The introduction of attractive designs and packaging shapes are further providing a positive impact on the industry growth. In the coming years, customisable designs and packaging solutions are expected to drive the market growth. The growing R&D activities by the manufacturers and the introduction of heat sensitive labels are expected to be major trends guiding the growth of the plastic cups market. With governments across the globe incentivizing recycling to reduce the carbon footprint, manufacturers are also looking to produce plastic cups out of recyclable materials and encouraging the recycling of their existing cups.

However, the growth of the industry is expected to be constrained by factors such as a complete ban on plastic across various countries and a shift away from non-recyclable materials. In the short term, the industry is also likely to be impacted adversely by the global lockdown due to the COVID-19 pandemic, which has led to restrictions on large gatherings and temporary closures of cafes and restaurants.

Competitive Landscape

The report analyses the following key players in the global plastic cups market, covering their capacities, market share, and latest developments like capacity expansions, plant turnarounds, and mergers, acquisitions, and investments:

• Huhtamäki Oyj
• Georgia-Pacific Consumer Products LP. 
• Dart Container Corporation
• Greiner Packaging International GmbH
• Berry Global Inc.
• Cosmoplast Ind. Co. (L.L.C.)
• Day Young Enterprise Co., Ltd.
• Others

The report by EMR assesses the market dynamics of the industry by looking into the key demand and price indicators, along with analysing the market based on SWOT and Porter’s Five Forces models.

Key Highlights of the Report

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Plastic Cups Market Report Snapshots

Plastic Cups Market Size

Plastic Cups Market Analysis

Plastic Cups Companies