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Recyclability, lightweight, and other physical attributes of disposable packaging for food packaging and beverages. Disposable cups are designed to hold both, hot and cold, substances, which further their applicability in global food & beverage industry. However, a majority of disposable cups are made from plastic materials to reduce chances of food contamination. This argument concerns the impact of such plastic cups on the environment.
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The breakthrough for disposable cups Disposable cups made from bioplastics or other such materials are predicted to garner surplus demand in the years to come. Such favorable consumer preferences, coupled with rising consumption of fast food and on-the-go beverages in the world, will also continue to consolidate the growth of global disposable cups market. Future Market Insights' latest report on global market for disposable projects by the end of 2026, more than US $ 21.2 Bn worth of disposable cups will be sold globally.
The report estimates the market's current value at a little less than US $ 12 Bn, and anticipates it to register a value CAGR of 5.9% for the forecast period, 2016-2026. According to the report, more than 500 Bn units of disposable cups were sold across the globe by 2016. The global sales of disposable cups is expected to surge steadily at 5.1% CAGR, procuring revenues from sales of 850 Bn units towards the end of 2026.
Key highlights of the report, titled "Disposable Cups Market: Global Industry Analysis and Opportunity Assessment, 2016-2026," include:
Based on molded technologies, demand for thermoformed molding is projected to gain traction, procuring over 70% share of global market revenues. Paper will continue to be the most sought-after material for disposable cups, which is projected to be at 6.3% CAGR
By 2026-end, more than 280 Bn units of plastic disposable cups are projected to be sold across the globe; polyethylene terephthalate (PET), polypropylene (PP) and polyethylene (PE) materials. Throughout the forecast period, more than 700,000 units will be able to be sold, but will not be able to reach a relatively high level of growth. Owing to their higher applicability in beverages packaging, disposable cups with 200 to 400 ml capacity will remain in great demand, accounting for nearly half of global market income towards the end of 2026.
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Over two-thirds of revenues from global sales of disposable products and services, with the latter procuring higher share. On the same lines, the market is projected to increase the number of disposable cups
The report further reveals that North America is likely to be a little over one-fourth share of global disposable revenue back through 2026. During this period, the Asia-Pacific region will dominate the market by closing in on 30% revenue share. Hong Er Plastic Manufacture Co., Ltd., Zhejiang Hongsu Plastic Co., Ltd., Zhejiang KaiJia Plastics Co., Ltd., and Changsha Yuhao Imports & Exports Co. Ltd. Berry Plastics Corporation, Pactiv LLC, Huhtamaki OYJ, Solo Cup Company, Greiner Packaging GmbH, Genpak LLC, Dart Container Corporation, ConverPack, Eco-Products Inc., Cosmoplast Ind. Co. (LLC) and Churchill Container.
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