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Disposable Cups Market Analysis by Material Type (Paper, Plastic, and Foam); by Capacity (Less Than 250 ml, 250 to 750 ml, and Above 750 ml); by Application (Hot Beverages, Ice Creams, Yogurt, Cold Drinks, Spreads, Confectionary, and Others); and by End-User (Corporate & Residential, Restaurants & Food Outlets, Hotels, Bars, Railways & Airlines, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Greiner Packaging International GmbH has developed the maximum recyclability of cardboard and plastic combination by developing K3 r100 cup. K3 r100 separates cardboard wrap and plastic cup on the way to the recycling facility all by itself.

  • Frugalpac Limited procured the “A” grade in global standard of packaging materials for producing coffee cups which are made from 96% recycled paper.

Global Disposable Cups Market Size, Forecast, and Trend Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~10%

Base Year Market Size (2022)

~ USD 16 Billion

Forecast Year Market Size (2033)

~ USD 26 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

 

The global disposable cups market is estimated to garner a revenue of `USD 26 Billion by the end of 2033 by growing at a CAGR of ~10% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 16 Billion in the year 2022. The growth of the market is primarily attributed to the good thermal properties of disposable cups which make them ideal to serve hot and cold beverages. For instance, since, plastic, paper, and foam all have low thermal effusively and relatively low thermal conductivity, which make them perfect for retaining hot beverages as they remain cold to the touch even when packed with boiling hot liquid.

Disposable-Cups-Market-Insight-Scope Get more information on this report:Download Sample PDF

Disposable cups are environmentally friendly and minimize the risk of foodborne diseases and infections. Disposable cups have grown in popularity in recent years. Consumers' desire for convenience is expected to drive the demand for disposable cups over the forecast period. For instance, each year approximately 51 billion coffee cups are being used and thrown away in the United States. Besides, the rising consumption of tea, coffee, and fruit juices according to the season, growing food trucks, institutions and organizations are expected to fuel the disposable paper cups market growth.

Global Disposable Cups Market: Growth Drivers and Challenges

Growth Drivers

  • Worldwide Emergence of Middle-Class People with Rising Income - The middle class is a group of people who fall in the middle of a social structure and are often defined by their income, occupation, education, and social status. The middle class is currently the world's largest consumer group, driving higher consumption of materials and goods. Therefore, the emerging middle class is leading the increased demand for disposable cups over the forecast period. For instance, the global ratio of the middle class is anticipated to grow to around 750 million individuals by 2030, accounting for more than half of the world's population.

  • Staggering Increase in Eating Out Trend Owing to Long Distance Jobs – For instance, approximately 48% of people eat out multiple times per week, with another 25% eating out once per week.

  • Significant Growth in Food and Beverage Industry to Meet the Growing Demand – For instance, the worldwide food and beverage sector is expected to generate USD 858 billion in revenue by 2025, up from USD 508 billion in 2022.

  • Upsurge in Fast-Food Consumption Owing to Increasing Adoption of Tasty Food – For instance, globally, fast food is consumed every day by approximately 39% of men compared to 36% of women.

  • Worldwide Increasing Per Capita Income of People Across the World - As per the World Bank, in 2021, the worldwide annual per capita income raised by 4.8% as contrasted to 1.5% annual per capita income in 2019.

Challenges

  • Use of Plastic and Foam Materials in the Manufacturing of Disposable Cups

  • Single Use Features of Disposable Cups

  • Global Increase in Environmental Concern

Despite their convenience use of disposable cups are harmful to the environment. Plastic cups are hazardous as they take decades to decompose into the soil and pollute the surroundings and animal life. The government has banned the use of these plastics to control environmental pollution which hampers the market growth.

The disposable cups market is segmented and analyzed for demand and supply by material type into paper, plastic, and foam. Amongst these, the paper segment is anticipated to grow at a significant rate over the forecast period owing to the rising awareness in people for the environment, and hygiene which is leading up the use of disposable paper cups, followed by the less carbon footprint of disposable cups made out of paper, and their convenient features for serving hot and cold beverages to on-the-go customers. For instance, in the United Kingdom, around 17 billion paper cups are used for coffee every year.

Global Disposable Cups Market Regional Synopsis

The North America region disposable cups market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The increasing count of café and restaurants, the surge in on-the-go eating trends, rising consumption of fast-food items, and increasing disposable income in the region. As per the Bureau of Economic Analysis, personal income and disposable personal income (DPI) in the United States have increased by USD 107.2 billion and USD 89.7 billion, respectively, by March 2022.

Market Segmentation

Our in-depth analysis of the global disposable cups market includes the following segments:

     By Material Type

  • Paper
  • Plastic
  • Foam

      By Capacity

  • Less Than 250 ml
  • 250 to 750 ml
  • Above 750 ml

      By Application

  • Hot Beverages
  • Ice Creams
  • Yogurt
  • Cold Drinks
  • Spreads
  • Confectionary
  • Others

      By End-User

  • Corporate & Residential
  • Restaurants & Food Outlets
  • Hotels
  • Bars
  • Railways & Airlines
  • Others

Top Featured Companies Dominating the Global Disposable Cups Market

  • Frugalpac Limited

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Pactiv LLC
  • Greiner Packaging International GmbH
  • Genpak, LLC
  • Dart Container Corporation
  • ConverPack, Inc.
  • Churchill Container
  • Berry Global Inc.
  • WestRock Company
  • Huhtamäki Oyj

 

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