SAN FRANCISCO, April 8, 2021 /PRNewswire/ --The global disposable cups marketsize is expected to reach USD 20.76 billion by2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.2% from 2021 to2028. The hectic lifestyle and long working hours are known to contribute to the demand for disposable utensils to save the time of the consumers. Availability of new and improved products for takeaway services is also anticipated to positively influence the market growth. The easy availability of customized cups with attractive colors, prints, and messages is driving the product demand in household parties and other corporate events.
Key suggestions from the report:
- By product, paper disposable cups are projected to expand at the fastest CAGR over the forecast period owing to their ideal nature to serve hot and cold beverages to on-the-go consumers
- The commercial end-use segment dominated the market with a share of over 76.0% in 2020. This is attributed to the growing penetration of various quick-service restaurants and coffee chains
- Asia Pacific held the largest share of over 32.0% in 2020 and is foreseen to remain at the forefront over the forecast period owing to the opening of various international food chain restaurants and outlets and growing urban population
Read 80 page research report with ToC on “Disposable Cups Market Size, Share & Trends Analysis Report By Product (Paper, Plastic, Foam), By End-use (Commercial, Institutional, Household), By Region, And Segment Forecasts, 2021 - 2028“ at:https://www.grandviewresearch.com/industry-analysis/disposable-cups-market
The disposable cups come in various designs and shapes and can be a valuable addition to business. In addition, they offer the opportunity for branding, helping to spread the awareness of the business. The availability of an extensive product range in all price segments in supermarkets, hypermarkets, departmental stores, and other offline sales outlets is foreseen to make them more accessible to the common public. Furthermore, the easiest way to purchase disposable cups is online.
Sales of disposable cups through online channels are foreseen to witness traction on account of the availability of products, such as a printed or plain white cup, from several players, along with convenient delivery options. Additionally, most of the websites have information about size, price, and the substances that are used to manufacture the cup. This way consumers can make an informed decision and also be sure that the product is made of natural substances and hence recyclable.