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According to a new report Global Disposable Cups Market, published by KBV research, The Global Disposable Cups Market size is expected to reach $3.8 billion by 2026, rising at a market growth of 9.5% CAGR during the forecast period.
The institutional end-use market segment would display promising growth rate during the forecast period. This growth is attributed to the rising usage of disposable cups to serve hot & cold drinks and also drinking water in various companies around the world. In many developing nations, drinking water from common glasses at public places like schools and colleges results in the increasing concerns of public health, which further boosting the growth for the disposable cups market.
The plastic disposable cups market segment will witness a promising growth rate during the forecast period. Factors like heavy-duty construction and low cost are driving the growth of the segment. Plastic disposable cups are also available in a wide range of eco-friendly options, just like paper cups. For instance, disposable cups manufactured by using PLA corn plastic are compostable and provide comprehensive product visibility for better marketability.
By Region, Asia-Pacific emerged as the leading region with obtaining the substantial share in 2019. This region is estimated to continue its dominance during the forecast period. It is due to the growing urban population, shifting food habits, increasing disposable income, and the entrance of numerous global food chain restaurants and outlets. There is a significant growth rate witnessed by the western fast-food chain in countries like India, which will further help in maintaining this trend in the forecast years. All such aspects are likely to boost the demand for disposable cups over the forecast period.
Full Report: https://www.kbvresearch.com/disposable-cups-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Berry Global Group, Inc., WestRock Company, Huhtamaki Oyj, Dart Container Corporation (Aprinta Group), Eco-Products, Inc. (The Waddington Group, Inc.), Duni AB, Genpak, LLC (Great Pacific Enterprises, Inc.), SCG Packaging Public Company Limited (Siam Cement Group), ConverPack, Inc., and Bender, Inc.
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