Disposable Cups Market Size Is Projected To Reach USD 20.2 Billion By 2025

Posted by Neha Bora on November 28th, 2019

Disposable Cups Market

San Francisco, 29 November 2019: The Report Disposable Cups Market Size, Share & Trends Analysis Report By Material (Paper, Plastic, Foam), By End Use (Corporate & Residential, Restaurants & Food Outlets), By Region, And Segment Forecasts, 2019 – 2025

The global disposable cups market size is expected to reach USD 20.20 billion by 2025, at a CAGR of 6.0% over the forecast period, according to a new report published by Grand View Research, Inc. Several factors such as, increasing demand in the urban and semi urban market for Quick Service Restaurants (QSR), rising disposable income, changing food trends that favor convenience, and unavailability of water to clean up utensils, are driving the growth.

Disposable cups are extensively used in various places to serve both hot and cold beverages and drinking water. Use of these products eliminates the need for washing, which is one of the major reasons driving their popularity. Hectic lifestyle and extended working hours has also pioneered the demand for disposable utensils to save time. Moreover, the changing trend along with the availability of the new improved products for takeaway services is also rapidly influencing the market growth.

More than 500 billion disposable cups are used across the world every year. Low cost and easy availability have increased the consumption. Disposable products come in handy when consuming hot or cold beverages on the go without having to worry about cleaning them up. In various developing countries, it was common practice to drink water using shared glasses at the public water sources such as schools, government offices, and other public spaces. Eventually people stopped this practice due to rising public health concerns and started using disposable cups.

North America was estimated to be the largest market for disposable cups in 2018 owing to increasing consumption of coffee in the region. In 2018, U.S held the largest market share of 90.0% in North America. The changing lifestyle along with rising health consciousness are anticipated to propel the regional market. Growing number of cafes and food chains is attracting billions of customers to consume coffee and other beverages on the go. For instance, more than 32000 coffee shops generate trash of about 25 billion coffee cups in U.S. alone.

Access Research Report of Disposable Cups Market https://www.grandviewresearch.com/industry-analysis/disposable-cups-market

Further key findings from the report suggest:

  • In terms of revenue, paper segment is projected to ascend at a CAGR of 6.6% over the forecast period
  • Restaurants and food outlets in this market has overall revenue share of over 60.0% in 2018
  • US, France, Germany, India, Brazil, and UAE are the major countries with largest market for disposable cups in their respective regions
  • Major players operating in the disposable cups market are Benders Paper Cups, Solo Cup Company, Greiner Packaging GmBh, Dart Container, among others

Grand View Research has segmented the global disposable cups market on the basis of material, end use, and region:

Disposable Cups Material Outlook (Revenue, USD Billion, 2015 - 2025)

  • Paper
  • Plastic
  • Foam

Disposable Cups End Use Outlook (Revenue, USD Billion, 2015 - 2025)

  • Corporate & Residential Parties
  • Restaurants & Food Outlets
  • Others

Disposable Cups Regional Outlook (Revenue, USD Billion, 2015 - 2025)

  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East & Africa

 

 

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Neha Bora

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Neha Bora
Joined: September 16th, 2019
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