PUBLISHER: Value Market Research | PRODUCT CODE: 1547312
PUBLISHER: Value Market Research | PRODUCT CODE: 1547312
The global demand for Disposable Cups Market is presumed to reach the market size of nearly USD 39.77 Billion by 2032 from USD 20.15 Billion in 2023 with a CAGR of 7.85% under the study period 2024-2032.
A disposable cup refers to a form of tableware and disposable food packaging. Its type consists of plastic cups, paper cups, and foam cups. Foam cups are manufactured through the polystyrene, while plastic cups are made from polypropylene. The primary purpose of disposable cups is of single-use, which is disposed of thereafter which is why they constitute a major source of household and consumer waste, including plastic and paper waste. As per statistics, the average household accounts for using 70 disposable cups each year. In the US alone, 108 billion cups are consumed every year, and in the UK, the estimate goes up to 2.5 billion paper cups.
Disposable cups are popular because of their inherent advantages, such as being easy to use and dispose of, convenient for parties and gatherings, lightweight, decreasing the need to carry one's own mug everywhere, and cost-efficient. However, o the downside, they are also extremely harmful to the environment as they cause water pollution, take a long time to decompose, leading to deforestation and endangerment of species, etc. The continuous growth of fast-food supply and quick-service restaurants might create attractive opportunities for the disposable cup market. Further, the consumer's growing preference towards quick food delivery is also a pushing criterion for growth in the sector. The increase in consumer consciousness towards hygiene and health concerns might also boost the disposable cups market.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Disposable Cups. The growth and trends of Disposable Cups industry provide a holistic approach to this study.
This section of the Disposable Cups market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Disposable Cups market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Disposable Cups market include HuhtamaKi 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. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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