Transparency Market Research delivers key insights on the biodegradable cups market in its published report. In terms of revenue, the global biodegradable cups market is estimated to expand at a CAGR of ~5% during the forecast period of 2019–2027, owing to numerous factors, which TMR offers through insights and forecasts in the biodegradable cups market report.

Growing Preference of Manufacturers Towards Biodegradable Packaging Products to Boost Market Growth

TMR has found that, growing consumer demand for biodegradable cups translates into potential interest from manufacturers who choose to comply with their customer’s requirements. As fossil fuel reserves are getting depleted, the need for biodegradable packaging presents more of an opportunity and a solution to the problem. Global packaging manufacturers are promoting biodegradable cups that are used in various end-use industries such as food & beverages. Furthermore, an increase in the consumption of ready-to-eat meals has created noteworthy opportunities for biodegradable cup manufacturers to maximize their revenue portfolios. Biodegradable cups are used for various applications, which include food, beverages, and ice cream.  The APAC region is expected to create the highest incremental $ opportunity of ~US$ 76 Mn, with the increase in the number of foodservice outlets. According to the TMR report, the global food industry is expected to capture a considerable market share during the forecast period.

For More Industry Insight, Request Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73232

Rising Anti-plastic Sentiments to Drive Demand for Biodegradable Cups

Increasing awareness regarding the adverse effects of plastic on the environment has led to the formulation of stringent regulations for single-use plastic. Consumers and end users are aware of its negative impact on the environment. Persistent efforts by governments to reduce the use of plastic packaging boosts the demand for biodegradable cups. The governments of several countries are implementing strict measures to reduce plastic waste. Furthermore, leading biodegradable cup manufacturers are constantly putting in efforts to introduce advanced biodegradable cups in the market.

For Instance, Huhtamaki Oyj, one of the leading biodegradable cup manufacturers has launched a new product called Impresso double walled hot cup, in its existing Bioware product range, in July 2019. Similarly, in May 2018, World Centric, another biodegradable cup manufacturer, announced the launch of its No Tree range of products, which includes fully-compostable hot cups and bowls.

Buy this Premium Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=73232&ltype=S

Initiatives are being taken by governments to reduce the usage of plastic, which started with the ban on single-use plastics in several countries. Many institutions and companies have been trying to develop different products that could replace traditionally-used plastics with environmental-friendly options. The increasing number of beverage consumers evokes the need to replace plastic products with complete PE lined paper cups. With the availability of PLA lined paper cups and cups entirely made of PLA, end users and customers are gradually replacing plastic cups with biodegradable cups, which, in turn, will drive the global biodegradable cups market.

Competition Landscape: Biodegradable Cups Market

Some of the key players operating in the global biodegradable cups market that are included in the report are Huhtamaki Oyj, Colpac Ltd., Benders Paper Cup Company, Fabri-Kal, World Centric, Bio Futura B.V., Genpak, LLC, Dart Container Corporation, Pactiv LLC, Lollicup USA Inc, Eco-Products, Inc, Go-Pak UK LTD, Vegware, Scyphus Limited, Nupik-flo UK Ltd, Biopak Pty Ltd., Detpak, BVO International GmbH, Good Start Packaging, and The Cup Folk. 

Ground-level Initiatives Help Overcome Limitations of Recycling Infrastructure

The biodegradable cups market is highly fragmented, which is creating opportunities for emerging manufacturers to enter the market. However, established and emerging market players need to tackle the limitations of the existing recycling infrastructure. Although plastic and fiber materials in biodegradable cups can be recycled when separated, these materials cannot be easily recycled, since there are only few strong incentives for recyclers to recover the materials.

As such, market players are rolling out the scout’s honor system to efficiently collect reusable cups for further treatment. For example, in March 2019, Starbucks – an American coffee company, announced the exploration of next-generation recycling and composting technologies, and is working closely with municipalities to increase the acceptance of biodegradable cups.

Another innovation in the biodegradable cups landscape is the development of high-tech cups with RFID (Radio Frequency Identification) lids to manage the inventory of reusable cups and improve traceability in complicated venues such as stadiums.

Browse our Latest News at https://www.prnewswire.com/news-releases/growing-popularity-of-on-the-go-beverages-number-of-food-service-outlets-to-propel-north-america-cup-carriers-market-tmr-insights-301345983.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn

Transparency Market Research delivers key insights on the biodegradable cups market in its published report. In terms of revenue, the global biodegradable cups market is estimated to expand at a CAGR of ~5% during the forecast period of 2019–2027, owing to numerous factors, which TMR offers through insights and forecasts in the biodegradable cups market report.

Growing Preference of Manufacturers Towards Biodegradable Packaging Products to Boost Market Growth

TMR has found that, growing consumer demand for biodegradable cups translates into potential interest from manufacturers who choose to comply with their customer’s requirements. As fossil fuel reserves are getting depleted, the need for biodegradable packaging presents more of an opportunity and a solution to the problem. Global packaging manufacturers are promoting biodegradable cups that are used in various end-use industries such as food & beverages. Furthermore, an increase in the consumption of ready-to-eat meals has created noteworthy opportunities for biodegradable cup manufacturers to maximize their revenue portfolios. Biodegradable cups are used for various applications, which include food, beverages, and ice cream.  The APAC region is expected to create the highest incremental $ opportunity of ~US$ 76 Mn, with the increase in the number of foodservice outlets. According to the TMR report, the global food industry is expected to capture a considerable market share during the forecast period.

For More Industry Insight, Request Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73232

Rising Anti-plastic Sentiments to Drive Demand for Biodegradable Cups

Increasing awareness regarding the adverse effects of plastic on the environment has led to the formulation of stringent regulations for single-use plastic. Consumers and end users are aware of its negative impact on the environment. Persistent efforts by governments to reduce the use of plastic packaging boosts the demand for biodegradable cups. The governments of several countries are implementing strict measures to reduce plastic waste. Furthermore, leading biodegradable cup manufacturers are constantly putting in efforts to introduce advanced biodegradable cups in the market.

For Instance, Huhtamaki Oyj, one of the leading biodegradable cup manufacturers has launched a new product called Impresso double walled hot cup, in its existing Bioware product range, in July 2019. Similarly, in May 2018, World Centric, another biodegradable cup manufacturer, announced the launch of its No Tree range of products, which includes fully-compostable hot cups and bowls.

Buy this Premium Report @ https://www.transparencymarketresearch.com/checkout.php?rep_id=73232&ltype=S

Initiatives are being taken by governments to reduce the usage of plastic, which started with the ban on single-use plastics in several countries. Many institutions and companies have been trying to develop different products that could replace traditionally-used plastics with environmental-friendly options. The increasing number of beverage consumers evokes the need to replace plastic products with complete PE lined paper cups. With the availability of PLA lined paper cups and cups entirely made of PLA, end users and customers are gradually replacing plastic cups with biodegradable cups, which, in turn, will drive the global biodegradable cups market.

Competition Landscape: Biodegradable Cups Market

Some of the key players operating in the global biodegradable cups market that are included in the report are Huhtamaki Oyj, Colpac Ltd., Benders Paper Cup Company, Fabri-Kal, World Centric, Bio Futura B.V., Genpak, LLC, Dart Container Corporation, Pactiv LLC, Lollicup USA Inc, Eco-Products, Inc, Go-Pak UK LTD, Vegware, Scyphus Limited, Nupik-flo UK Ltd, Biopak Pty Ltd., Detpak, BVO International GmbH, Good Start Packaging, and The Cup Folk. 

Ground-level Initiatives Help Overcome Limitations of Recycling Infrastructure

The biodegradable cups market is highly fragmented, which is creating opportunities for emerging manufacturers to enter the market. However, established and emerging market players need to tackle the limitations of the existing recycling infrastructure. Although plastic and fiber materials in biodegradable cups can be recycled when separated, these materials cannot be easily recycled, since there are only few strong incentives for recyclers to recover the materials.

As such, market players are rolling out the scout’s honor system to efficiently collect reusable cups for further treatment. For example, in March 2019, Starbucks – an American coffee company, announced the exploration of next-generation recycling and composting technologies, and is working closely with municipalities to increase the acceptance of biodegradable cups.

Another innovation in the biodegradable cups landscape is the development of high-tech cups with RFID (Radio Frequency Identification) lids to manage the inventory of reusable cups and improve traceability in complicated venues such as stadiums.

Browse our Latest News at https://www.prnewswire.com/news-releases/growing-popularity-of-on-the-go-beverages-number-of-food-service-outlets-to-propel-north-america-cup-carriers-market-tmr-insights-301345983.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn