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The disposable cups and lids market share in food and beverage industry is expected to increase by USD 856.26 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 6%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by type (plastic, paper and fiber, and others) and geography (North America, APAC, Europe, South America, and MEA).
The disposable cups and lids market in food and beverage industry report also offers information on several market vendors, including Berry Global Group Inc., Dart Container Corp., Detmold Group, F Bender Ltd., Fabri-Kal Corp., Genpak LLC, Georgia-Pacific LLC, Graphic Packaging Holding Co., Huhtamaki Oyj, and Sonoco Products Co. among others.
Berry Global Group Inc. - The company offers disposable cups and lids under the brand names Sovenir Drink Cups Disposable Drink Cups, Clear Drink Cups, Stock Cups, and others. Through the consumer packaging international segment, the company offers recycling, bottles and canisters, containers, closures and dispensing systems, polythene films, and others.
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Technavio categorizes the global disposable cups and lids market in food and beverage industry as a part of the global metal and glass containers market within the overall global containers and packaging market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the disposable cups and lids market in the food and beverage industry during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Disposable Cups and Lids Market Driver in Food and Beverage Industry
Key Disposable Cups and Lids Market Challenge in Food and Beverage Industry
This disposable cups and lids market in food and beverage industry analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Our In-house experts produce extensive information on the value chain and parent market of the disposable cups and lids market in the food and beverage industry, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
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38% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for disposable cups and lids in the food and beverage industry in APAC. Market growth in this region will be faster than the growth of the market in other regions.
In APAC, most countries have been affected by the COVID-19 pandemic; this has resulted in a change in the behaviour of consumers, who have become more concerned with food safety and hygiene, which is driving the demand for food packaging. This trend is likely to grow in the future. Furthermore, the fast-growing retail industry in APAC is also another major driving factor for the market. Hence, economic development and increasing consumer spending on food and beverages are expected to drive the region's DCL market in the food and beverage industry during the forecast period. This will facilitate the disposable cups and lids market growth in the food and beverage industry in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The disposable cups and lids market share growth in the food and beverage industry by the plastic segment will be significant during the forecast period. DCL can be made up of different plastic materials such as compostable, hard plastics, and polyethylene terephthalate (PET). The growing sales of dairy products and the deployment of food vending machines are propelling the growth of this segment. The global yoghurt market is expected to grow at a CAGR of 6.72% during the forecast period. Europe is the key region for yoghurt consumption; Rising yoghurt consumption will drive the demand for disposable hard plastic cups as yoghurts are packaged in disposable sealed cups. The growing deployment of food vending machines in offices, schools, shopping malls, and universities is triggering the requirement for plastic DCL.
This report provides an accurate prediction of the contribution of all the segments to the growth of the disposable cups and lids market size in food and beverage industry and actionable market insights on the post-COVID-19 impact on each segment.
Disposable Cups and Lids Market Scope in Food and Beverage Industry |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2021-2025 |
$ 856.26 million |
Market structure |
Fragmented |
YoY growth (%) |
4.45 |
Regional analysis |
North America, APAC, Europe, South America, and MEA |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, Germany, Japan, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Berry Global Group Inc., Dart Container Corp., Detmold Group, F Bender Ltd., Fabri-Kal Corp., Genpak LLC, Georgia-Pacific LLC, Graphic Packaging Holding Co., Huhtamaki Oyj, and Sonoco Products Co. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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