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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Plastic Cups Market Size
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%.
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.
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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United States (Head Office)
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