Recyclability, lightweight, and other physical attributes of disposable cups will continue to make them the foremost choice of packaging food products and beverages. Disposable cups are designed to hold both, hot and cold, substances, which further propels their applicability in global food & beverage industry. However, a majority of disposable cups are made from plastic materials to reduce chances of food contamination. This raises concerns regarding impact of such plastic cups on the environment, whether in terms of rising production or from dumping waste plastic disposable cups.Request to Sample of Report @ click here
The breakthrough for disposable cup manufacturers in tackling such stringent hurdles is the advent of biodegradable materials in production of disposable cups. Disposable cups made from bioplastics or other such materials is predicted to garner surplus demand in the years to come. Such favourable consumer preferences, coupled with rising consumption of fast foods and on-the-go beverages in the world, will also continue consolidating the growth of global disposable cups market. Future Market Insights’ latest report on global market for disposable cups projects that by the end of 2026, more than US$ 21.2 Bn worth of disposable cups will be sold globally.
The report estimates the market’s current value at a little less than US$ 12 Bn, and anticipates it to register a value CAGR of 5.9% for the forecast period, 2016-2026. According to the report, more than 500 Bn units of disposable cups were sold across the globe by 2016. The global sales of disposable cups is expected to surge steadily at 5.1% CAGR, procuring revenues from sales of over 850 Bn units towards the end of 2026.
Key highlights of the report, titled “Disposable Cups Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” include:
Based on moulding technologies, demand for thermoformed moulding is projected to gain traction, procuring over 70% share of global market revenues. Paper will continue to be the most sought-after material for production of disposable cups, revenues from which are projected to soar at 6.3% CAGR
By 2026-end, more than 280 Bn units of plastic disposable cups are projected to get sold across the globe; registering higher sales of disposable cups made from polyethylene terephthalate (PET), polypropylene (PP) and polyethylene (PE) materials. Throughout the forecast period, over 700 Bn units of printable disposable cups will sold globally, while non-printable disposable cups will register a relatively sluggish revenue growth. Owing to their higher applicability in packaging beverages, disposable cups with 200 to 400 ml capacity will remain in great demand, accounting for nearly half of global market revenues towards the end of 2026.
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