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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Plastic Cups 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.
Plastic Cups Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global plastic cups market is projected to grow from an estimated value of USD 14.75 Billion in 2023.
In the forecast period of 2024-2032, the market is expected to grow at a CAGR of 8.3%.
By 2028, the market is estimated reach a value of USD 23.77 Billion.
The rising disposable incomes, the expansion of quick service restaurants (QSRs) and cafes, and the growing consumption of processed and convenient food and beverage products are driving the market growth.
The key trends guiding the market include the introduction of recyclable cups, the growing popularity of heat sensitive labels, increasing working population, and innovations in designs of plastic cups.
The major regions in the market are North America, the Asia Pacific, Latin America, Europe, and the Middle East and Africa.
Disposable, non disposable, and recyclable are the various segments based on the nature of plastic cups.
The leading types of plastic cups are heavy duty, hard wall, heavy duty, flexible, and thin wall, among others.
Polylactic Acid (PLA), polypropylene (PP), polystyrene (PS), polyethylene terephthalate (PET), and poly vinyl chloride (PVC), among others, are the significant raw materials of plastic cups in the market.
The major applications of plastic cups include chilled food and beverages and hot food and beverages, among others.
The major end-use segments in the market are ice cream industry, QSR and other fast food shops, offices and educational institutions, and residential use, among others.
The various distribution channels in the market are institutional and retail.
The key players in the market are Huhtamäki Oyj, Georgia-Pacific Consumer Products LP., Dart Container Corporation, Greiner Packaging International GmbH, Berry Global Inc., Cosmoplast Ind. Co. (L.L.C.), and Day Young Enterprise Co., Ltd., among others.
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30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124