The global disposable cup market is set to gain impetus from the rising trend of quick-serve, increasing number of outdoor parties, and surging water shortage worldwide. This information is given by Fortune Business Insights™ in an upcoming report, titled, “Disposable Cup Market Size, Share & Industry Analysis, By Product (Plastic, Paper, Foam), By End-User (Corporation & Residential, Restaurant & Food Outlets, Others) and Regional Forecast, 2022-2029.” The report further mentions that as per Sustainability Victoria, approximately 2.7 million single-use disposable coffee cups are used regularly by Australians.
The world is currently facing major economic challenges because of the COVID-19 pandemic. It has disturbed supply chains, hiked the prices of raw materials, and resulted in the complete shutdown of companies. Unless and until a vaccine is discovered, nobody knows till when mankind would have to continue facing similar challenges. We are delivering accurate reports for helping you to surge sales amid the difficult phase.
Fortune Business Insights™ presents a list of all the disposable cups producers operating in the global market. They are as follows:
Benders Paper Cups
Greiner Packaging GmBh
Frugal Pac Limited
James Cropper Plc
Cosmoplast Industries Company
Solo Cup Company
Other renowned companies
This Report Answers the Following Questions:
Which companies are set to generate the largest revenues?
How will the COVID-19 pandemic affect the market in future?
What are the historical and estimated sizes of the market?
What are the vital strategies implemented by companies to intensify sales of disposable cups?
Drivers & Restraints-
Rising Number of Weddings & Celebratory Events to Boost Growth
The ongoing expansion of the fast-food industry globally would act as one of the major factors driving the disposable cup market growth in the near future. This is likely to occur as majority of fast-food outlets serve food items in disposable items. Besides, disposable cups are extensively utilized in wedding parties and similar celebrations for serving beverages. Coupled with this, the rising number of family gatherings and vacations would propel growth.
According to a survey conducted by the Safety and Health Magazine, worldwide, around 36.6% of adults are projected to consume fast-food daily. Apart from that, the increasing usage of online food delivery services would contribute to this growth. However, disposable cups are often made of plastic and hence, may prove harmful for the environment. This factor would hinder growth.
North America to Lead Fueled by Presence of Reputed Food & Beverage Companies
North America is anticipated to lead throughout the forthcoming years by holding the largest disposable cup market share. This growth is attributable to the presence of a large number of food and beverage brands, such as Taco Bell, Starbucks, McDonald’s, and Subway in this region. Also, this region houses many people who have monotonous lives. They usually rely on readymade food and beverages. The region is considered to be one of the largest consumers of coffee and it is served in disposable cups.
Asia Pacific, on the other hand, is set to showcase a considerable growth in the coming years because of the rising population of youngsters, rapid urbanization, increasing awareness regarding the product, bolstering working-class population, and high disposable incomes of people. The UN World Organization Prospect 2018 suggested that in India, around 34% people live in urban areas. In addition to this, the increasing number of events and festivals in this region would augment growth.
Key Players Focus on Launching Revolutionary Products to Surge Sales
The market consists of numerous companies that are persistently striving to gain a competitive edge by introducing new disposable cups. Their main aim is to generate more sales by developing environmentally-friendly products.
The Global Disposable Cup Market Research/Analysis Report Contains Answers to your following Questions:
Which Manufacturing Technology is used for Disposable Cup? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Disposable Cup Market? What are Their Company Profile, Their Product Information, and Contact Information?
What Was Global Market Status of Disposable Cup Market? What Was Capacity, Production Value, Cost and PROFIT of Disposable Cup Market?
What Is Current Market Status of Disposable Cup Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Disposable Cup Market Trends by Taking Applications and Types in Consideration?
What Are Projections of Global Disposable Cup Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
What Is Disposable Cup Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is Economic Impact On Disposable Cup Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Disposable Cup Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Disposable Cup Industry?
Below are two latest industry developments:
January 2020: Lavazza Professional unveiled Kix Eco Cup, its latest eco-friendly disposable cup that can be recycled and biodegraded.
July 2019: Huhtamaki joined hands with First Mile to promote the recycling of disposable cups across the U.K.
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