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Nowadays, disposable cups are becoming more popular due to several different factors. The factors which propel the growth of the market include water shortage, outdoor parties, and quick-serve. Due to water shortage for cleaning utensils in some places like picnic spots, community gatherings, and camping, disposable cups play an important role. Furthermore, due to its lightweight property, it can be quickly served as a container for a beverage to many people in a really short period of time. Additionally, the use of disposable cups in a movie theatre and amusement parks as popcorn and soft drink container raises its demand. According to Sustainability Victoria, Australians use 2.7 million disposable coffee single-use cups daily.
The innovative manufacturing of eco-friendly disposable cups through the use of bamboo, trees, leaves, and others act as an opportunity for the growth of the product.
Key Market Driver -
Increasing growth of fast food industry act as a driving factor for the growth of the market
Key Market Restraint -
Disposable cups which take longer time to decompose act as a restraining factor for the growth of the market.
The increasing growth of the fast-food industry act as one of the major driving factor for the growth of the market. Since most fast food outlets use disposable items to serve their customers. Additionally, the disposable cups play an important role in celebration and wedding parties as it helps to serve the beverages. Therefore, the rising number of celebrations of wedding parties also acts as the driving factor for the growth of the market. Furthermore, family vacation or gatherings also plays an important role in market growth. Moreover, the increasing growth of the online delivery food system plays an important role as a large number of disposable cups are used for the packaging of food items. According to the Safety and Health Magazine, 36.6% of adults and around 85 million people are estimated to consumed fast food on a daily basis.
Some disposable cup with plastic lining took almost 30 years to fully decompose which thereby act as a restraining factor which hampers the growth of the market.
Some of the major key players in the global disposable cup market include Dart Container, Benders Paper Cups, Greiner Packaging GmBh, Frugal Pac Limited, James Cropper Plc, Cosmoplast Industries Company, Solo Cup Company, and others.
These key players are focusing on manufacturing cups which can meet the need of consumers by focusing on relatable designs, colors, and logos.
The global disposable cup market is segmented into by product, by end-user, and by geography.
On the basis of the product, the market is divided into plastic, paper, and foam. Paper is anticipated to be the major shareholder and as it possesses eco-friendliness, recyclability and biodegradability properties. Based on end-user the market is divided into corporation & residential, restaurant & food outlet, and others. Restaurant & food outlet holds the major share.
On the basis of region, the market is segmented into North America, Europe, Asia Pacific, South America, and Middle & East and Africa.
North America is estimated to be the dominating region during the forecast period of 2019-2026 owing to the presence of global giant food and beverage brands like McDonald's, Starbucks, Subway, Taco Bell, and others. According to the National Health and Nutrition Examination Survey (2013-2016), In US 84.8 million adults are estimated to consume fast food on a daily basis. Furthermore, due to the low unemployment rate in this region, there is a large number of people who have a busy working schedule and rely on readymade food and beverage which thereby contributes to the growth of the market. Additionally, this region is considered to be one of the largest consumers of coffee, and the majority of the coffee which they consume uses disposable cups as a container.
The Asia Pacific is expected to show significant growth owing to the increasing youth population, high levels of disposable incomes, growing working-class population, increasing awareness regarding the products, and the rising urbanization. According to UN World Organisation Prospect 2018, about 34% percent of India’s population is estimated to live in urban areas. Furthermore, due to the presence of large numbers of festivals and events, there is a high requirement of the product boosting the growth of the market in this region.
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