Today’s lifestyle is quick and consumers are constantly moving. As a cost -effective and convenient option, disposable cups are useful when you drink your favorite drinks while doing your daily business.
Future Market Insights (FMI) is an attractive outlook for selling disposable cups. Due to consumers’ preferences for eating out, the demand for drinks and drinks for taking home exploded. As a result, the overall sales of disposable cups are expected to be $ 10.6 billion in 2021.
Exploring growth in online food orders will also create disposable cup sales opportunities. Food service providers prefer disposable cups to prevent disposable cups and keep the beverages safer from pollution during transportation. Plastic disposable take -out cups are economical and sturdy, and can extend the delivery time of both hot and cold liquids with insulation.
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In addition, disposable cups with lids and straw slots do not have to worry about leaks or pouring, and are easy to deliver quickly. Disposable cups do not require much storage space, so it is very easy to carry during transportation and serving. is.
Food service providers choose paper or disposable plastic cups over glass because they are less fragile, save time and are easier to clean. That’s why many fast food outlets, cafeterias and food malls choose disposable cups as a reliable, safe and convenient packaging solution for the fastest delivery to their customers.
Key takeaways from the disposable cup market
“The growing popularity of eating out, the popularity of on-the-go beverages and the growing awareness of eco-friendly packaging solutions will increase the demand for disposable cups. ‘s expansion will increase sales opportunities in the disposable cup market,” said an FMI analyst.
Demand for innovation and sustainable packaging to drive sales
Innovation is very important as it helps companies to go deeper into the market and create better opportunities for their customers.
for example,
Therefore, innovation and sustainability will power the disposable cup market.
Region-wide plastic ban creating growth opportunities
Single-use plastic consumes valuable natural resources for its production, pollutes the environment and harms wildlife, animals and plants. Many countries have banned the use of single-use plastics due to the large amount of plastic littering landfills and oceans.
According to the Oceana Organization, about 15 million tons of plastic waste is dumped into the ocean each year, and about two truckloads of plastic waste enter the ocean every minute. The United States produces more plastic waste than any other country. With plastic production growing rapidly, the consequences can be devastating.
Items made of expanded polystyrene are no longer sold in Europe and are prohibited. A new law called Single-Use Plastics (SUP) aims to prevent and reduce the impact of plastic products on the aquatic environment and human health. This directive will be replaced by national law and will apply from 3 July 2021. Countries that do not comply with these obligations will be fined. Many countries limit single-use plastics. Hence, hindering the growth of the disposable cup market.
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Impact of COVID-19 on Disposable Cup Market
Disposable cups are the safest, safest and most hygienic packaging of choice during the pandemic. The COVID-19 outbreak is having a huge impact on people. To prevent and control the spread of the virus, hospitals, quarantine centers and shelters utilize disposable cups to provide food and drink to patients and caregivers.
Disposable cups are immediately discarded and recycled. Therefore, you can avoid possible spread of the virus. Additionally, disposable cups are also used by foodservice providers as the most economical, easy-to-carry, and disposal option that also addresses consumer health and wellness concerns.
Disposable cup market scene
Pactiv LLC., Georgia-Pacific LLC, Huhtamäki Oyj, Dart Container Corporation, Berry Global Group, Inc., etc. are prominent players in the global disposable cup market. Market Tier 1 players account for 15-20% of the global disposable cup market.
disposable cup market report
In its new report, Future Market Insights analyzes historical demand from 2014-2020 and forecast statistics from 2021-2031 to provide an unbiased analysis of the global disposable cup market. In this study, material type (paper, plastic, foam), volume (less than 250ml, 250-750ml, 750ml and above), application (food (spreads, sausages, dressings, confectionery, dairy products (ice cream, yogurt, drinks) ), beverages (hot and cold)), and end-users (food service, food retail)) in seven regions around the world.
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the financial capital of the world, with distribution centers in the United States and India. FMI’s latest market research reports and industry analysis help businesses navigate challenging situations and make critical decisions with confidence and clarity in the face of fierce competition. Our customized and syndicated market research reports provide actionable insights that drive sustainable growth. FMI’s expert-led team of analysts continuously tracks emerging trends and events across a wide range of industries to ensure our clients are prepared for the evolving needs of their consumers.