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Global Plastic Cups Market To Be Driven By The Increased Demand For Disposable Cups In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global Plastic Cups Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global plastic cups market, assessing the market based on its segments like nature, types, raw materials, distribution channels, applications, end uses, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Request a free sample copy in PDF or view the report [email protected] https://www.expertmarketresearch.com/reports/plastic-cups-market/requestsample

The key highlights of the report include:

Market Overview (2016-2026)

  • Historical Market Size (2020): USD 14.2 billion (Global Disposable Cups Market)
  • Forecast CAGR (2021-2026): 5.8% (Global Disposable Cups Market)
  • Forecast Market Size (2026): USD 20 billion (Global Disposable Cups Market)

The global plastic cups market is being driven by the thriving disposable cups industry. The increased demand for disposable cups for chilled and hot foods and beverages has been providing an impetus to the plastics cups industry. The plastic cups can either be single use or could be used multiple times. They can also be made from recyclable materials. Over the forecast period, the flourishing ice-cream industry is expected to propel the demand for plastic cups owing to the rising popularity of new, innovative flavours. Further, fast-food stalls and quick service restaurants require bulk quantities of plastic cups. Therefore, the expansion of the fast-food chains in developed as well as developing economies is projected further aid the market growth in the forecast period.

Industry Definition and Major Segments

Plastic cups are the containers made of plastic and are commonly used in the food and beverages industry. The product can store hot or cold food and beverages. Plastic cups can either be single use or could be used multiple times.

Explore the full report with the table of [email protected] https://www.expertmarketresearch.com/reports/plastic-cups-market

By nature, the plastic cups industry can be segmented into:

Based on type, the market can be segmented into:

  • Heavy Duty, Hard Wall
  • Heavy Duty, Flexible
  • Thin Wall
  • Others

The major types of raw materials used in the market include:

The distribution channels of the product are following:

  • Institutional
  • Retail

On the basis of application, the market can be segmented into:

  • Chilled Food and Beverages
  • Hot Food and Beverages
  • Others

The significant end uses of the product include:

  • Ice Cream Industry
  • QSR and Other Fast Food Shops
  • Offices and Educational Institutions
  • Residential Use
  • Others

Latest Global News on Plastic Cups [email protected] https://www.expertmarketresearch.com/pressrelease/plastic-cups-market

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

The growing popularity of beverages, dairy products, and fast-foods is likely to be the key trend driving the growth of the plastic cups market. Plastic cups are cheap and convenient for those who lead a busy and hectic lifestyle. Products like ice cream, waffles, pancakes, ready-to-eat noodles, and yogurt, among others require plastic cups for packaging and serving. These items are likely to experience a significant demand especially among children after the ease of lockdown and recovery of various sectors in the post-COVID days. Therefore, this factor is expected to propel the market growth in the forecast period. Furthermore, the growing R&D activities towards efficient recycling of the product is anticipated to further bolster the market growth.

Key Market Players

The major players in the 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 report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: 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.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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By Expert Market Research

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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