Global Biodegradable Cups Market, By Capacity (Up to 7 Oz, 8 - 14 Oz, 15 - 20 Oz and Above 20 Oz), Material Type (Paper and Plastic), Product Type (Single Wall and Double Wall), Application (Food, Beverages, Ice Creams and Desserts and Others), End Use (Food Service Outlets, Institutional and Household), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights of Biodegradable Cups Market
Rising environmental protection concerns, growth in the consumption of ready-to-eat meals and rising personal disposable income are the major factors attributable to the growth of biodegradable cups market. Data Bridge Market Research analyses that the biodegradable cups market will project a CAGR of 5.67% for the forecast period of 2021-2028.
Biodegradable means that the things can be decomposed by microorganisms such as bacteria and fungi. Therefore, biodegradables cups have the ability to get disintegrated by the action of microorganisms. Biodegradable cups are eco-friendly packaging solutions used for all sorts of food and beverage items. These are disposable in nature and are better alternatives to plastic cups that harm the environment. Biodegradable cups are recyclable in nature and as a result are being excessively used across the globe.
The global focus on achieving sustainable development and conserve the environment has propelled growth in the demand and application of biodegradable cups. Increased focus of the manufacturers and major market players over renewability fill further create lucrative growth opportunities for the biodegradable cups market. Rising awareness among the populations about the concept of biodegradability, increasing demand for packaged food and beverages and rising personal disposable income are some other important market growth determinants. Increased initiatives by the government to spread awareness about the harmful impact of plastic on the environment will further induce growth in the demand for biodegradable cups.
However, high costs associated with the biodegradable cups as compared to its alternatives will pose a major challenge to the growth of biodegradable cups market. Further, the small and local players offering the biodegradable cups at lower prices will crash down the business of big multinational companies. Also, need of costly equipment associated with recycling and processing the biodegradable cups will further restrict the scope of growth for this market.
This biodegradable cups market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on biodegradable cups market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Biodegradable Cups Market Scope and Market Size
Global biodegradable cups market is segmented on the basis of capacity, material type, product type, application and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of capacity, the biodegradable cups market is segmented into up to 7 Oz, 8 - 14 Oz, 15 - 20 Oz and above 20 Oz.
- On the basis of material type, the biodegradable cups market is segmented into paper and plastic.
- On the basis of product type, the biodegradable cups market is segmented into single wall and double wall.
- On the basis of application, the biodegradable cups market is segmented into food and beverages, ice creams and desserts and others.
- On the basis of end use, the biodegradable cups market is segmented into food service outlets, industrial and household.
Global Biodegradable Cups Market Country Level Analysis
The global biodegradable cups market is analysed and market size insights and trends are provided by country, capacity, material type, product type, application and end use as referenced above.
The countries covered in the biodegradable cups market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the biodegradable cups market and the region is set to undergo substantial gains during the forecast period. This is because of the strict law and regulations prevailing across countries in the region on the use of plastic for domestic and commercial purposes. However, it is Asia-Pacific that is set to undergo substantial gains during the forecast period and project the highest compound annual growth rate (CAGR). Growth and expansion of food service outlets, rising awareness about the adverse effects of plastic packaging and increasing personal disposable income are the market driving factors.
The country section of the biodegradable cups market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Biodegradable Cups Market Share Analysis
The biodegradable cups market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biodegradable cups market.
The major players covered in the biodegradable cups market report Huhtamaki Oyj, Colpac Ltd, Benders Paper Cup Company, Fabri-Kal, World Centric.com, Bio Futura B.V. Genpak, LLC, Dart Container Corporation, Pactiv LLC, Lollicup USA Inc., B-V-O International GmbH, Eco-Products Inc., Good Start Packaging., Scyphus, KONIE CUPS INTERNATIONAL, INC., Empyreal Club, ConverPack, The Cup Folk. and Nupik-flo UK Ltd among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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