Biodegradable Cups Market By Type (Single walled, Double walled, Triple walled), By Application (Food, Beverages), By Capacity (Up to 7 oz, 8 to 14 oz, 14 to 20 oz): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global biodegradable cups market was valued at $458.1 million in 2021, and is projected to reach $1,046.11 million by 2031, registering a CAGR of 8.5% from 2022 to 2031. Biodegradable cups are made of compostable bioplastic, based on vegetable starch, called PLA. The eco-friendly disposable cups are strong, flexible, and shatter-proof. Matching lids, plastic-free straws, and inserts are also available in the market.
The global biodegradable cups market is in the introductory phase of industry life cycle and is expected to explore new growth opportunities during the coming years. Some of the basic factors driving the growth of the market include governmental initiatives to eliminate single use plastic cups and strict regulatory outlook against the use of conventional plastic products.
Industry trends are shifting toward biobased products to reduce dependence on conventional plastics cups. Biodegradable plastics degrade easily unlike fossil fuel based plastic products, which may take more than 500 years to degrade completely. Moreover, most of the manufacturers in industries such as packaging, textile and agriculture are shifting toward biobased plastic due to stringent regulations from the government. Such factors are majorly impacting the growth of the global biodegradable cups market.
On the other hand, the growth of the market is restrained by high cost of biodegradable cups over its conventional counterparts. For instance, polylactic acid based bioplastics cups are at least eight times as expensive as the petroleum-based plastics. However, new products such as Fruitplast, a bioplastic cups made from the skins of tropical fruits at a lower price, are expected to provide lucrative growth opportunities in upcoming times.
The global biodegradable cups market is segmented on the basis of type, application, capacity, and region. By type, the biodegradable cups market is fragmented into single walled, double walled and triple walled. By application, the global biodegradable cups market is categorized into food and beverages. By capacity, the market is divided into up to 7 oz, 8-14 oz and 14-20 oz. By region, the biodegradable cups market has been analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The major players profiled in the biodegradable cups market report include Bio Futura, B-V-O International GmbH, Colpac Ltd., Dart Container Corporation, Fabri-Kal, F Bender Limited., Genpak, LLC, Good Start Packaging, Go-Pak Group, Huhtamaki, KONIE CUPS INTERNATIONAL, INC., Lollicur USA Inc., Novolex, Nupik-Flo UK LTD., Pactiv LLC, Scyphus and WorldCentric.com.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the biodegradable cups market analysis from 2021 to 2031 to identify the prevailing biodegradable cups market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the biodegradable cups market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global biodegradable cups market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Double walled
Triple walled
Single walled
By Application
Food
Beverages
By Capacity
Up to 7 oz
8 to 14 oz
14 to 20 oz
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
LAMEA
Middle East
Africa
Key Market Players
Benders Paper Cup Company
Bio Futura B.V.
B-V-O International GmbH
Colpac Ltd.
Dart Container Corporation
Eco-Products, Inc.
Fabri-Kal
Genpak, LLC
Go-Pak UK LTD
Good Start Packaging
Huhtamaki Oyj
konie cups international, inc.
Leetha Group
Lollicup USA Inc.
Pactiv LLC
Scyphus
World Centric
Please Note: It will take 7-10 business days to complete the report upon order confirmation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook