Disposable Cups Market To Hit Value $20.2 Billion By 2025 |Grand View Research, Inc.



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.
The Disposable cups market is witnessing a significant rise in demand globally, mainly through online channels. Will the suppliers be able to keep up with this massive surge in demand? Our team is working to account for this rapid surge in our estimates. The report will account for Covid19 as a key market contributor.
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.
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https://www.grandviewresearch.com/industry-analysis/disposable-cups-market/request/rs4
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
These cups can help conserve water as they do not require cleaning up after usage. This is one of the major reasons driving their popularity. The hectic lifestyle and long working hours also contribute to the demand for disposable utensils to save their time. Availability of new and improved products for takeaway services is also anticipated to positively influencing the market growth. Easy availability of customized cups with attractive colors, prints, and messages is driving the product demand in marriages and other corporate events.
While all the disposables cups help conserve water, they drastically affects the environment by adding up to the trash. According to the Environmental Protection Agency (EPA), paper manufacturing has increased by more than 300% in the last three decades. During the same period more than 800,000 tons of plastic cups and plates were manufactured which ultimately increased the garbage heap. Considering this, various countries have laid down regulations to reduce waste and to promote ecofriendly disposable products.
The global disposable cups market size was valued at USD 13.45 billion in 2018 expanding at a CAGR of 6.0% over the forecast period. Disposable cups are extensively used to serve hot and cold beverages as well as drinking water. Increasing demand for Quick Service Restaurants (QSR) from urban semi-urban market and water shortage to clean utensils is anticipated to drive the growth. Rising disposable incomes coupled with changing food trends that favor convenience are anticipated to further drive the demand.
More than 500 billion disposable cups are used across the world every year. Low cost and easy availability have increased the consumption to such a large volumes. The sense of convenience among consumers is anticipated to drive the product demand. Drinking water from shared glasses at public places such as schools, hospitals, and government offices in various developing countries. However, eventually it was stopped due to the rising concerns over public health, creating demand for disposable cups.
Browse Press Release of this report:                                
https://www.grandviewresearch.com/press-release/global-disposable-cups-market
These cups can help conserve water as they do not require cleaning up after usage. This is one of the major reasons driving their popularity. The hectic lifestyle and long working hours also contribute to the demand for disposable utensils to save their time. Availability of new and improved products for takeaway services is also anticipated to positively influencing the market growth. Easy availability of customized cups with attractive colors, prints, and messages is driving the product demand in marriages and other corporate events.
While all the disposables cups help conserve water, they drastically affects the environment by adding up to the trash. According to the Environmental Protection Agency (EPA), paper manufacturing has increased by more than 300% in the last three decades. During the same period more than 800,000 tons of plastic cups and plates were manufactured which ultimately increased the garbage heap. Considering this, various countries have laid down regulations to reduce waste and to promote ecofriendly disposable products.
Grand View Research has segmented the global disposable cups market on the basis of material, end use:
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
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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