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Expected to flourish at a value CAGR of 5.3%, the global recyclable cups market is likely to enjoy a positive expansion trajectory. According to this seminal study undertaken by Future Market Insights, demand for recyclable cups is expected to remain robust, concluding at a valuation of US$ 450 Million by the end of 2022. Furthermore, based on the aforementioned CAGR, the market is poised to reach US$ 754.2 Million.
Data Points |
Key Statistics |
Expected Market Value in 2022 |
US$ 450 Million |
Projected Market Value in 2032 |
US$ 754.2 Million |
Growth Rate (2022-2032) |
5.3% CAGR |
Increasing Consciousness for Environment to Favor the Recyclable Cups Market
The growing inclination of industries toward renewable products due to increasing environmental consciousness is expected to benefit the market during the forecast period. The trend aims to reduce dependence on traditional plastic cups. Such factors are affecting the biodegradable cups market positively. The expanding food service and packaging industry will contribute immensely to the expansion of the market in the forthcoming period. This environment-friendly option solves various issues against grease, water, and heat for stakeholders in the food & beverages sector, thereby, strengthening the market notably. Moreover, countries across the globe are taking various initiatives that are expected to favor the expansion of the recyclable cups market in the coming time.
Players in the market are introducing renewable paper cups which is expected to widen the market size in the forecast period. In May 2019, Stora Enso launched Cupforma Natura Solo ™, a renewable paperboard for paper cups. The material is suitable for hot and cold drinking cups as well as for ice cream packaging. It is offered without any conventional plastic coating layer and is designed for full fiber recovery in a recycling process. In another instance, in June 2021, MPG Manifattura Plastica S.p.A. TotalEnergies and Froneri joined hands to develop sustainable food packaging made from Certified Renewable Polypropylene. This renewable polypropylene produced from bio-based naphtha offers virgin-like performances with a reduced carbon footprint and is completely recyclable. Such factors are anticipated to benefit the industry in the forecast period.
Regionally, APAC is projected to make the most significant contribution to developing the market during the forecast period. This can be attributed to the growing number of manufacturers, increasing awareness about the environment, and growing adoption of PLA-lined paper cups, among others. Europe has been identified as another lucrative market for recyclable cups. As per the study, the production of biodegradable plastics is projected to increase by 1.33 million in the year 2024. Further, the region is also experiencing new players that are introducing highly biodegradable cups in the market. In January 2020, Lavazza Professional introduced a new recyclable and biodegradable product known as KLIX Eco Cup is manufactured using paper sourced from sustainably managed forests. Attributed to such factors, the market in Europe is anticipated to flourish in the coming time.
Established players in the recyclable cups market include Eco-Products, Inc., Berry Plastics Corporation, FrugalPac Limited., Genpak, LLC., Paper Cup Company, Huhtamaki Oyj, and JAMES CROPPER PLC.
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Disposables have become a ubiquitous part of modern life owing to changing food habits and busy schedule. Most ready to eat meals are served in disposables making it easier for the consumer to eat on the go. However, most of the disposables end up in the landfills challenging environment and human health.
Due to increasing concern for environment and waste disposal, manufacturers are looking for more sustainable alternatives such as recyclable products which can help in minimizing environmental pollution and be used to serve ready to eat meals meeting the demand of the consumers. Recyclable cups are made of paper and plastics which once disposed can be recycled and used to produce other usable materials.
Thus, the need for alternative disposables owing to increasing concerns from consumers towards health and environment are expected to drive the recyclable cups market throughout the forecast period.
There have been an increase in quick service restaurants over the past few decades due to consumers changing life style and food habits leading to a parallel rise in the demand for more hygienic packaging and serving materials and the trend is expected to continue over the forecast period thereby creating more opportunities for recyclable cups market.
Recyclable cups are made from paper and plastic which gives it an extra advantage of being molded and designed to make the product attractive and visually appealing. The recyclable cups are intended to reduce the environmental and health impacts caused by the use of traditional disposable cups made from materials hard to recyclable.
The recyclable cups also helps the manufacturer in reducing the carbon footprint thereby reducing the cost of overall production. Attributed by these features, the recyclable cups market is anticipated to grow in terms of demand throughout the forecast period. However, the recyclable cups market is very fragmented in nature. The presence of local players and the offering of the products at comparatively lower prices tends to hamper the growth of multinational players in this market.
The global recyclable cups marketis segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Over past few decades, North America has been an established market. However, due to stringent law implication on the disposable cups and consumer concern over health and hygiene are anticipated to drive the market of recyclable cups in North America. Asia Pacific with two emerging economies, China and India is expected to dominate the recyclable cups market over the forecast period.
Asia Pacific have witnessed an increase in quick service restaurants over the past few years and the trend is expected to continue over the forecast period. The major consumption of recyclable cups is anticipated to account from food service and food retail sectors, therefore, Asia pacific is expected to witness substantial growth in recyclable cups market between 2017 and 2027.
However, revenue from the markets in Latin America and Middle Eastern countries is sluggish currently due to stagnant economy which is also expected to translate into lower demand for recyclable cups in these regions.
The key players in recyclable cups market include Berry Plastics Corporation, Eco-Products, Inc., FrugalPac Limited., Paper Cup Company, Genpak, LLC., Huhtamaki Oyj, JAMES CROPPER PLC
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The Recyclable Cups market is segmented as follows:
On the basis of technology, Recyclable Cupsmarket is segmented into:
On the basis of material type, Recyclable cups market is segmented into:
On the basis of product type, Recyclable cups market is segmented into:
On the basis of product type, Recyclable cups market is segmented into:
On the basis of application, Recyclable cups market is segmented into:
On the basis of end use, Recyclable cups market is segmented into:
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