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Disposable Cups Market size was valued at USD 10.29 billion in 2019 and is poised to grow from USD 10.61 billion in 2023 to USD 13.96 billion by 2031, growing at a CAGR of 3.1% in the forecast period (2024-2031).

The disposable cups market is characterized by the presence of numerous well-known competitors. These competitors stand out for having a wide range of products and an extensive distribution network. They have a substantial market share and cater to clients all around the world. Additionally, the market includes small-to-midsized firms, who mostly cater to local clients and have a narrow variety of items. 'Huhtamäki Oyj ', 'Dart Container Corporation ', 'International Paper Company', 'Georgia-Pacific LLC', 'Solo Cup Company', 'Greiner Holding AG', 'Berry Group Inc. ', 'ConverPack Inc.', 'WestRock Company', 'Detpak Pty Ltd.', 'Genpak LLC', 'Lollicup USA, Inc.', 'Go-Pak UK Ltd.', 'Vegware Ltd.', 'Churchill Container', 'Frugalpac Ltd.', 'Eco-Products, Inc.', 'Pactiv LLC', 'Fabri-Kal Corporation', 'Biopac India Corporation Ltd.'

Disposable cups are growing more and more popular today for a number of reasons. Water scarcity, outdoor gatherings, and quick-serve are elements that are driving the market's expansion. Disposable cups are crucial in settings like campgrounds, picnic areas, and community events where there is a lack of water for washing dishes.

One-time-use disposable cups are experiencing excellent sales growth due to the growing worries about health and cleanliness and the need to prevent the transmission of infection. The packaging of a disposable cup is tamper-evident, protecting the food from contamination while it is being transported.

Asia Pacific dominated the 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.

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Global disposable cups market

Product ID: SQSG15Q2002