Market Size in 2024 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.36 Billion | USD 30.42 Billion | 8.71% | 2023 |
The global disposable cups market size was evaluated at $14.36 billion in 2023 and is slated to hit $30.42 billion by the end of 2032 with a CAGR of nearly 8.71% between 2024 and 2032.
Disposable cups are used in all kinds of celebrations for serving a variety of drinks which includes soft drinks, coffee, soup, tea, and water. Due to the shortage of water for cleaning utensils and also the rising disposable income, people are focusing more on convenience products such as disposable cups. Moreover, some of the disposable cup types include paper cups, plastic cups, and foam cups. Expanded polystyrene is used for manufacturing foam cups and polypropylene is used for manufacturing plastic cups. Reportedly, disposable cups are manufactured for single-use & throw purposes.
Beneficial characteristics of the product to contribute majorly to the growth of the global market over 2024-2032
Favorable features such as lower prices, recyclability, and lightweight will scale up the growth of the disposable cups market globally. Furthermore, disposable cups are non-toxic in nature and disposable paper cups can be custom printed with an outlet's logo, brand punch line, and advertising message, thereby increasing their demand globally. Disposable cups are easy to use, hygienic, and eco-friendly. The rise in the use of products in the fast-food sector is likely to contribute to the global market earnings.
Growing product demand for festivals and weddings in emerging economies of Asia and Latin America will proliferate the global market size in the coming years. New products launched will contribute majorly to the growth of the market globally. In November 2023, SOFi Products declared the launching of plastic-free & biodegradable cups for hot beverages.
Growing environmental concerns can hit the growth of the industry across the globe over the forecast period
The product takes more time to decompose, thereby affecting the demand for disposable cups. This, in turn, will impede the expansion of the disposable cups industry globally. Plastics & foams used in producing disposable cups account majorly for environmental degradation, thereby creating hurdles in the growth of the industry across the globe.
The existing trend of maintaining a clean, sustainable, and green environment opens new facets of growth for the global market
The thriving food & beverages sector will open new growth avenues for the global disposable cups market over the years ahead. Focus on producing eco-friendly products by using trees, bamboo, and leaves will prop up the scope of growth of the global market in the coming years.
Low raw material access can challenge the expansion of the industry across the globe over the forecast timespan
The scarce availability of raw materials used for manufacturing the product and less use as well as awareness about the product benefits in the rural areas can challenge the growth of the global disposable cups industry in the coming years.
The global disposable cups market is sectored into product type, end-user, and region.
In product type terms, the disposable cups market across the globe is segregated into paper cups, plastic cups, and foam cups segments. Furthermore, the paper cups segment, which acquired nearly 59% of the global market earnings in 2023, is predicted to register the highest gains in the coming eight years. The rapid progression of the segment from 2024 to 2032 can be a result of the growing demand for maintaining a green environment and hygiene. Apart from this, disposable cups made up of paper contribute minimally to carbon footprints, thereby driving the segmental surge.
Based on the end-user, the global disposable cups industry is sectored into household, commercial, and institutional segments. Additionally, the commercial segment, which collected a huge chunk of the global industry share in 2023, is predicted to dominate the segmental expansion in the coming eight years. The segmental surge over 2024-2032 can be owing to a rise in product usage in quick-service hotels & coffee shops as well as café coffee shops.
Report Attributes | Report Details |
---|---|
Report Name | Disposable Cups Market |
Market Size in 2023 | USD 14.36 Billion |
Market Forecast in 2032 | USD 30.42 Billion |
Growth Rate | CAGR of 8.71% |
Number of Pages | 228 |
Key Companies Covered | Eco Products Inc., Go-Pak UK Ltd. Pactiv LLC, Solo Cup Company, Greiner Packaging GmBh, Dart Container Corporation, DUNI AB, Berry Plastics Corporation, ConverPack Paper Cup Company, WestRock Company, FrugalPac limited, James Cropper Plc., Huhtamaki Oyj, Genpak LLC, Cosmoplast industries Co. (LLC), Dart Container Corporation, Churchill Container, Geoclima., and others. |
Segments Covered | By Product Type, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is predicted to retain the dominant position in the global disposable cups market in the coming eight years
Asia-Pacific, which contributed about 66.5% of the global disposable cups market earnings in 2023, will be a leading region in the coming eight years. In addition to this, the regional market expansion over the forecast timeframe can be due to a rise in the urban populace, changing consumer food behavior, and a rise in the number of food chains & food outlets as well as fast-food restaurants & fast-food chains in the countries such as China, Indonesia, Japan, Thailand, and India. The presence of local product manufacturers in these countries will further account for the market profitability of the region.
North American disposable cups industry is anticipated to record the fastest growth rate during the forecast timespan. The expansion of the industry in North America can be due to rise in the food chains such as McDonald's and café coffee shops such as Starbucks in the countries such as the U.S. Additionally, the opening of a large number of restaurants & coffee stores in the region will embellish the regional industry trends.
The global disposable cups market profiles key players such as:
By Product Type
By End-User
FrequentlyAsked Questions
Disposable cups are used in all kind of celebrations for serving variety of drinks which includes soft drinks, coffee, soup, tea, and water. Due to shortage of water for cleaning the utensils and also rising of disposable income, the people are focusing more on convenience products such as disposable cups.
The disposable cups market growth over forecast period can be owing to rise in the use of product in the fast-food sector.
According to a study, the global disposable cups industry size was $14.36 billion in 2023 and is projected to reach $30.42 billion by the end of 2032.
The global disposable cups market is anticipated to record a CAGR of nearly 8.71% from 2024 to 2032.
The North American disposable cups industry is set to register the fastest CAGR over the forecasting timeline owing to rise in the food chains such as McDonald and café coffee shops such as Starbucks in the countries such as the U.S. Additionally, opening of large number of restaurants & coffee stores in the region will embellish the regional industry trends.
The global disposable cups market is led by players such as Eco Products Inc., Go-Pak UK Ltd. Pactiv LLC, Solo Cup Company, Greiner Packaging GmBh, Dart Container Corporation, DUNI AB, Berry Plastics Corporation, ConverPack Paper Cup Company, WestRock Company, FrugalPac limited, James Cropper Plc., Huhtamaki Oyj, Genpak LLC, Cosmoplast industries Co. (LLC), Dart Container Corporation, Churchill Container, and Geoclima.
The global disposable cups market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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