Disposable Cups and Lids Market in Food and Beverage Industry by Type and Geography - Forecast and Analysis 2021-2025

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.

What will the Disposable Cups and Lids Market Size in Food and Beverage Industry be During the Forecast Period?

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Parent Market Analysis

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.

Disposable Cups and Lids Market in Food and Beverage Industry: Key Drivers, Trends, and Challenges

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

• One of the key factors driving growth in the disposable cups and lids market in food and beverage industry is the growth of the global commercial food service market.
• The commercial foodservice market includes takeaway food, ready-to-eat food, and the food served by QSRs.
• The global commercial food service market is growing due to the changing lifestyle of people.
• The growing working population leads to a lack of time for regular household chores like cooking, which raises the demand for QSRs. QSRs are one of the fastest-growing segments of the global commercial food service market.
• The segment is expected to reach USD 700-USD 800 billion in 2020 due to the changing food consumption patterns of consumers and the rising number of dual-income households. 

Key Disposable Cups and Lids Market Challenge in Food and Beverage Industry

• The rising adoption of reusable cups will be a major challenge for the disposable cups and lids market in the food and beverage industry during the forecast period.
• The growing environmental concerns such as reducing landfills are driving the adoption of reusable cups. Many developed countries have started adopting reusable cups to bring environmental sustainability.
• Many food service providers are also adopting reusable cups to bring sustainability to their business operations.
• In April 2018, Hubbub and Starbucks entered a partnership to encourage the use of recycled paper cups across the UK. Together, they have supported around 12 recycling projects with a funding of USD 59,000–USD 118,000. The Cup Fund is one of the initiatives taken by Starbucks to reduce coffee cup waste that could, ultimately, damage the ecology. 

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.

Disposable Cups and Lids Market in Food and Beverage Industry Value Chain Analysis

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.

Which are the Key Regions for the Disposable Cups and Lids Market in Food and Beverage Industry?

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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.

What is the Fastest-Growing Type Segment in the Disposable Cups and Lids Market in Food and Beverage Industry?

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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. 

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What are the Key Data Covered in this Disposable Cups and Lids Market in Food and Beverage Industry Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive disposable cups and lids market growth in food and beverage industry during the next five years
• Precise estimation of the disposable cups and lids market size in food and beverage industry and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behaviour
• The growth of the disposable cups and lids industry in food and beverage industry across North America, APAC, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive analysis of factors that will challenge the growth of disposable cups and lids market vendors in food and beverage industry

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