The global disposable cups market size is expected to reach
USD 20.20 billion by 2025, at a CAGR of 6.0% over the forecast period,
according to a new report published by Grand View Research, Inc. Several
factors such as, increasing demand in the urban and semi urban market for Quick
Service Restaurants (QSR), rising disposable income, changing food trends that
favor convenience, and unavailability of water to clean up utensils, are
driving the growth.
Disposable cups are extensively used in various places to serve
both hot and cold beverages and drinking water. Use of these products
eliminates the need for washing, which is one of the major reasons driving
their popularity. Hectic lifestyle and extended working hours has also
pioneered the demand for disposable utensils to save time. Moreover, the
changing trend along with the availability of the new improved products for
takeaway services is also rapidly influencing the market growth.
More than 500 billion disposable cups are used across the world
every year. Low cost and easy availability have increased the consumption.
Disposable products come in handy when consuming hot or cold beverages on the
go without having to worry about cleaning them up. In various developing
countries, it was common practice to drink water using shared glasses at the
public water sources such as schools, government offices, and other public
spaces. Eventually people stopped this practice due to rising public health
concerns and started using disposable cups.
North America was estimated to be the largest market for disposable
cups in 2018 owing to increasing consumption of coffee in the region. In 2018,
U.S held the largest market share of 90.0% in North America. The changing
lifestyle along with rising health consciousness are anticipated to propel the
regional market. Growing number of cafes and food chains is attracting billions
of customers to consume coffee and other beverages on the go. For instance,
more than 32000 coffee shops generate trash of about 25 billion coffee cups in
U.S. alone.
Browse full research report on Disposable Cups Market: https://www.grandviewresearch.com/industry-analysis/disposable-cups-market
Further key findings from the report suggest:
- In
terms of revenue, paper segment is projected to ascend at a CAGR of 6.6%
over the forecast period
- Restaurants
and food outlets in this market has overall revenue share of over 60.0% in
2018
- US,
France, Germany, India, Brazil, and UAE are the major countries with
largest market for disposable cups in their respective regions
- Major
players operating in the disposable cups market are Benders Paper Cups,
Solo Cup Company, Greiner Packaging GmBh, Dart Container, among others
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/disposable-cups-market/request/rs1
Grand View Research has segmented the global disposable cups market
on the basis of material, end use, and region:
Disposable Cups Material Outlook (Revenue, USD Billion, 2015 -
2025)
- Paper
- Plastic
- Foam
Disposable Cups End Use Outlook (Revenue, USD Billion, 2015 -
2025)
- Corporate
& Residential Parties
- Restaurants
& Food Outlets
- Others
Disposable Cups Regional Outlook (Revenue, USD Billion, 2015 -
2025)
- North
America
- U.S.
- Europe
- France
- Germany
- Asia
Pacific
- India
- Central
& South America
- Brazil
- Middle
East & Africa
- UAE
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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