Research Reports
Disposable Cups Market Trends 2021| Segmentation, Outlook, Industry Report to 2030
Published by mark itwired
Posted on September 9, 2021
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Published by mark itwired
Posted on September 9, 2021
Today’s lifestyle has become expeditious and consumers are always on the go. As a cost-effective and convenient options disposable cups come handy as they take a sip into their favorite beverages while running for daily errands.
Future Market Insights (FMI) sees this as an attractive prospect for the sales of disposable cups. Consumer preference for eating out had the demand for on-the-go or take-away beverages exploding. Driven by this, the overall disposable cups sales are expected to total US$ 10.6 Bn in 2021.
Exponential growth of online food ordering also will create opportunities for sales of disposable cups. Foodservice providers prefer disposable cup because they are tamper-proof and keep beverages safe from contamination during transportation. Plastic disposable takeaway cups are economical, solid, and insulation can extend both the hot and cold liquids delivery time.
Additionally, disposable cups with lids and straw slots are easier for quick delivery without the fear of leakage and pouring. Disposable cups do not require much storage space and are extremely easy to carry during transportation and serving.
Food service providers choose paper or disposable plastic cups over glass because they are unbreakable, time-saving, and easy to clean. Therefore, many fast food joints, cafeterias, and food malls opt for disposable cups as a reliable, safe, and convenient packaging solution to offer quickest delivery to the customers.
Key Takeaways from Disposable Cups Market
Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-2639
“With the rising preference for dining out, the popularity of on-the-go beverages and growing awareness about eco-friendly packaging solutions will fuel the demand for disposable cups. Also the expansion of foodservice chains, hypermarkets, and quick-service restaurants will boost sales opportunities in the disposable cups market,” says FMI analyst.
Innovation is crucial as it helps companies make deeper inroads in the market, creating better opportunities for customers.
For instance,
Therefore, innovation and sustainability will enhance the disposable cups market.
Single-use plastic consumes valuable natural resources for production, pollutes the environment, and harms wildlife and flora and, fauna. Many countries have banned single-use plastics due to the enormous plastic litter in the landfills and sea.
According to Oceana Organization, around 15 million metric tons of plastic waste is thrown into the ocean every year, which generates about two trucks of plastic garbage entering the ocean every minute. The U.S. creates a significant plastic waste than any other country. As plastic production is growing at a rapid rate, there can be devastating consequences.
The items made from expanded polystyrene are no longer sold and banned in Europe. The new law called Single-use-Plastics (SUP) aims to prevent and reduce the impact of plastic products on the aquatic environment and human health. The directive is transposed into national law and applied from 3rd July 2021; any country that does not follow these obligations will be fined. Many countries are restricting single-use plastics; thus, hampering the growth of the disposable cups market.
The disposable cups are the safest, secure, and hygienic packaging favoured during the pandemic. The COVID-19 outbreak has affected people drastically. To prevent and control the virus spread hospitals, quarantine centres, and shelter homes have utilized one-time use disposable cups for serving food and beverages to the patients and caretakers.
Disposable cups are quickly discarded, recycled; hence the chances of virus spread can be avoided. Furthermore, disposable cups are also used by foodservice providers as the most economical, easy to carry, and dispose of option, which also caters to concerns pertaining to the health and wellness among consumers.
Pactiv LLC., Georgia-Pacific LLC, Huhtamäki Oyj, Dart Container Corporation, Berry Global Group, Inc., and among others are the prominent players in the global disposable cups market. The Tier 1 players in the market hold 15-20% in the global disposable cups market.
Future Market Insights, in its new report, offers an unbiased analysis of the global disposable cups market, analyzing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the disposable cups market on the basis of material type (paper, plastic, and foam), capacity (less than 250ml, 250 to 750 ml, and above 750 ml), application (food (spreads, sausages & dressings, confectionary, dairy (ice cream, yogurt, drinks)), and beverage (hot, and cold)), and end user (food service, and food retail)) across seven regions of the globe.
The post Disposable Cups Market Trends 2021| Segmentation, Outlook, Industry Report to 2030 first appeared on Market Research Blog.
Today’s lifestyle has become expeditious and consumers are always on the go. As a cost-effective and convenient options disposable cups come handy as they take a sip into their favorite beverages while running for daily errands.
Future Market Insights (FMI) sees this as an attractive prospect for the sales of disposable cups. Consumer preference for eating out had the demand for on-the-go or take-away beverages exploding. Driven by this, the overall disposable cups sales are expected to total US$ 10.6 Bn in 2021.
Exponential growth of online food ordering also will create opportunities for sales of disposable cups. Foodservice providers prefer disposable cup because they are tamper-proof and keep beverages safe from contamination during transportation. Plastic disposable takeaway cups are economical, solid, and insulation can extend both the hot and cold liquids delivery time.
Additionally, disposable cups with lids and straw slots are easier for quick delivery without the fear of leakage and pouring. Disposable cups do not require much storage space and are extremely easy to carry during transportation and serving.
Food service providers choose paper or disposable plastic cups over glass because they are unbreakable, time-saving, and easy to clean. Therefore, many fast food joints, cafeterias, and food malls opt for disposable cups as a reliable, safe, and convenient packaging solution to offer quickest delivery to the customers.
Key Takeaways from Disposable Cups Market
Download Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-2639
“With the rising preference for dining out, the popularity of on-the-go beverages and growing awareness about eco-friendly packaging solutions will fuel the demand for disposable cups. Also the expansion of foodservice chains, hypermarkets, and quick-service restaurants will boost sales opportunities in the disposable cups market,” says FMI analyst.
Innovation is crucial as it helps companies make deeper inroads in the market, creating better opportunities for customers.
For instance,
Therefore, innovation and sustainability will enhance the disposable cups market.
Single-use plastic consumes valuable natural resources for production, pollutes the environment, and harms wildlife and flora and, fauna. Many countries have banned single-use plastics due to the enormous plastic litter in the landfills and sea.
According to Oceana Organization, around 15 million metric tons of plastic waste is thrown into the ocean every year, which generates about two trucks of plastic garbage entering the ocean every minute. The U.S. creates a significant plastic waste than any other country. As plastic production is growing at a rapid rate, there can be devastating consequences.
The items made from expanded polystyrene are no longer sold and banned in Europe. The new law called Single-use-Plastics (SUP) aims to prevent and reduce the impact of plastic products on the aquatic environment and human health. The directive is transposed into national law and applied from 3rd July 2021; any country that does not follow these obligations will be fined. Many countries are restricting single-use plastics; thus, hampering the growth of the disposable cups market.
The disposable cups are the safest, secure, and hygienic packaging favoured during the pandemic. The COVID-19 outbreak has affected people drastically. To prevent and control the virus spread hospitals, quarantine centres, and shelter homes have utilized one-time use disposable cups for serving food and beverages to the patients and caretakers.
Disposable cups are quickly discarded, recycled; hence the chances of virus spread can be avoided. Furthermore, disposable cups are also used by foodservice providers as the most economical, easy to carry, and dispose of option, which also caters to concerns pertaining to the health and wellness among consumers.
Pactiv LLC., Georgia-Pacific LLC, Huhtamäki Oyj, Dart Container Corporation, Berry Global Group, Inc., and among others are the prominent players in the global disposable cups market. The Tier 1 players in the market hold 15-20% in the global disposable cups market.
Future Market Insights, in its new report, offers an unbiased analysis of the global disposable cups market, analyzing historical demand from 2014-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the disposable cups market on the basis of material type (paper, plastic, and foam), capacity (less than 250ml, 250 to 750 ml, and above 750 ml), application (food (spreads, sausages & dressings, confectionary, dairy (ice cream, yogurt, drinks)), and beverage (hot, and cold)), and end user (food service, and food retail)) across seven regions of the globe.
The post Disposable Cups Market Trends 2021| Segmentation, Outlook, Industry Report to 2030 first appeared on Market Research Blog.