Product ID: SQSG15Q2002
Global Disposable Cups Market Size, Share, Growth Analysis, By Product(Paper, Plastic), By End-User(Commercial, Institutional) - Industry Forecast 2024-2031
Report ID:
SQSG15Q2002 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
63 |
Figures:
75
Global Disposable Cups Market Regional Insights
Asia Pacific dominated the global market and is predicted to grow at the highest rate throughout the projected period with a market share of over 32.0% in 2021 . This is due to a number of factors, including an increase in the urban population, shifting food consumption patterns, rising disposable income, and the opening of several foreign food chain restaurants and shops. In developing nations like India, the western fast-food chain has shown a promising growth rate that is anticipated to continue in the years to come. According to a Financial Express story from February 2020, the food-service sector in India is predicted to grow at a CAGR of 9%. In the upcoming years, it is anticipated that these factors will significantly increase the demand for disposable cups.
Over the course of the forecast period, the North American region is anticipated to grow at a CAGR of 6.5%. Billion people are being drawn to the nation's expanding cafe and fast-food franchises to drink coffee and other beverages on the move. According to SinglePlatform's blog, the typical coffee drinker has three cups daily. There are 150 million daily coffee drinkers in the United States alone. After the lockup restriction was loosened, a number of eateries and coffee shops opened up, and as they grow in the upcoming years, there will certainly be a substantial need for throwaway cups.
Global Disposable Cups Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
