Introduction to Recyclable Cups
Disposable cup is one of the most convenient and easy to use product. It can be used while traveling, driving or working and disposed after usage. However, these disposable cups end up in dump yards causing wastage of material used for making them. Recyclable cup comes up as a replacement for disposable cups as they can be recycled and after recycling, new products can be made using them for different end users. It not only contributes in reducing the waste but also provides a sustainable solution for environment protection.
Market Size and Forecast
The number of quick-service restaurants is rapidly increasing owing to the changing food habits and lifestyle. This growth in the foodservice industry coupled with the demand for more hygienic packaging and serving materials has propelled the adoption of recyclable cups. Recyclable cups are made up of paper provide additional advantages as they can be moulded and designed to make the product attractive and visually appealing. Moreover, they help manufacturers in reducing the overall production cost by reducing the carbon footprint. On the back of these factors, global recyclable cups market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. The recyclable cups market is further segmented by product type, product material, capacity, technology used, application, end user and region.
Material type segment is further sub-segmented into paper and plastic. Paper cups segment is anticipated to grow significantly over the forecast period owing to its eco-friendly nature and growing trend of customized printing of paper cups. On the basis of application, recyclable cups are mostly used for beverages as per the market share owing to the trend of using cups for beverages in quick-service restaurants. It is closely followed by food and ice-cream. End user type segment is dominated by food services segment and with the number of food service providers rising, it is expected that food services will continue to dominate the end user segment. CLICK TO DOWNLOAD FREE SAMPLE REPORT
Growth of Food Services and Packaging Industry to Trigger Recyclable Cups Market Growth
In the last few decades, quick service restaurants and other food services are on a rise leading to an increase in requirement of packaging containers. Recyclable cup has gradually become the preferred choice for coffee, tea and beverages. Increasing demand for recyclable cups from the food service restaurants will trigger the growth for cups market.
Rising Concerns About Environment to Lead Substitution of Disposable Cups with Recyclable Cups
According to a statistical report by UN Environment Programme, 5 trillion single-use plastic bags are used worldwide every year and in total half of all plastic produced worldwide is single use type plastic which is used once and then thrown away.
Disposable cups are use and throw type product which increases the amount of waste. As the society is getting more aware about keeping environment clean and safe, reducing amount of waste has become an important thing and recyclable cups can serve as a worthy substitute to curb the problem of wastage. Recyclable paper cups are also biodegradable in nature thereby they do not harm the environment.
Trend of Custom Printing Cups for Brand Promotions Increases Demand for Recyclable Cups
Promoting a business using printed paper or plastic cups have become a popular marketing strategy all around the food. This trend has been adopted by many big players of either food industry or any other industry. Not only printing but, plastic cups can be morphed into any shape. These trends resulted into increased demand for recyclable cups and is expected to continue in the upcoming years as well.
Limitation of Recycling Infrastructure to Hamper Growth
Recyclable cups have some coating of plastic or fibre in order to prevent spillage. These plastic and fibre can be easily recycled but, recovering them from the cups is very difficult and there is lack of infrastructure to do so which leads to making it difficult to recycle. Incentives for recyclers are also low as compared to the work they need to put in to recover these materials.
Danger of Hurting Environment Imposes Challenge in Market Growth
Cup manufacturers generally use plastic barriers in the cups to prevent it against the heat, moisture, oil, grease etc. Usage of plastic is not environment friendly and a lot of NGOs have raised voice against it. A possible solution is using water soluble coating but it increases the overall manufacturing cost. Thereby, recyclable cups market may face resistance from environmentalists.
Our in-depth analysis of the recyclable cups market includes the following segments:
By End User
On the basis of regional analysis, the recyclable cups market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market for recyclable cups in North American region is anticipated to hold the largest share in the market on account of presence of leading market players in the region which manufacture recyclable cups. Moreover, the increasing number of food services outlets is driving the market as well. Europe region holds the second largest market share closely followed by Asia- Pacific. Asia-Pacific is expected to grow significantly on the back of its two largest developing economies India and China. Asia-Pacific region has seen a rapid growth in number of quick service restaurants in last few years and is expected to do is in the upcoming years as well. Demand for recyclable cups in Latin America and Middle-East is sluggish owing to slowdown in economies which is also anticipated to reflect in recyclable cups demand in the region.
The recyclable cups market is further classified on the basis of region as follows:
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