As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global plastic cups market is primarily being supported by the rising global disposable cups industry, which reached a value of USD 14.2 billion in 2020. The growth in the industry is expected to be driven by the increased demand for quick service restaurants (QSR) from the urban markets. Increased disposable incomes, as well as changing food trends, are also expected to increase the demand for plastic cups in the coming years. Due to the rising beverage industry, the Asia Pacific is expected to see a rapid growth in the next few years. Metropolitan areas are the main drivers of the plastic cups market growth in the region owing to the massive penetration of cafés and restaurants and the global fast-food chains in tier 1 as well as tier 2 and 3. The key drivers of growth in the Asia Pacific industry are countries such as China, Japan, and India, who are supported by their economic growth as well as the rising workforce.
The market is also being driven by the rising product diversification by the key players in the market. In the year 2018, Dart Container Corporation, one of the key players, added a wide range of plastic cups to their collection. This new addition included MicroGreen™? PET insulated cups and Solo®? Ultra Clear™? New 12 oz Squat PET Cup. Plastic cups are also widely available on Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT), among other major distribution channels, further aiding the market growth.
Market Analysis by Nature, Type, Raw Material, Distribution Channel, Application, End Use, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global plastic cups market are Huhtamäki Oyj, Georgia-Pacific Consumer Products LP., Dart Container Corporation, Greiner Packaging International GmbH, Berry Global Inc., Cosmoplast Ind. Co. (L.L.C.), and Day Young Enterprise Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.