The global sales beverage cups market are estimated to be worth USD 5.7 billion in 2021 and are anticipated to reach a value of USD 8.8 billion by 2031. Sales are projected to rise at a CAGR of 4.3% over the forecast period between 2021 and 2031. The revenue generated by beverage cups in 2021 was USD 5.5 billion.
Evolving consumer preferences, increasing demand for convenience, and a growing focus on sustainability drive the market. Beverage cups are a staple in the foodservice industry, used across various sectors, including quick-service restaurants, cafes, and convenience stores. The market includes a wide range of cup types, such as disposable, reusable, and specialty cups designed for hot and cold beverages.
The increasing consumer preference for on-the-go lifestyles has significantly boosted the demand for convenient beverage solutions. This trend is particularly prominent in urban areas, where busy schedules drive the popularity of quick-service restaurants and coffee shops that rely heavily on disposable and portable beverage cups.
The expansion of the global foodservice industry, including the proliferation of coffee chains, fast food outlets, and takeaway services, is a major driver of the beverage cups market. These establishments require a steady supply of beverage cups to meet the demands of their customers, fueling market growth.
Global Beverage Cups Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 5.5 billion |
| Estimated Size, 2021 | USD 5.7 billion |
| Projected Size, 2031 | USD 8.8 billion |
| Value-based CAGR (2021 to 2031) | 4.3% |
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In today’s fast-developing market, cutthroat competition is almost every part of life, including the packaging industry. It becomes crucial for companies to increase productivity by using sustainable and eco-friendly materials and adopting innovative technology. The novel food packaging is now designed according to the consumer’s needs, priorities, and preferences.
The beverage cup is a drink carrier or a top-open cup for drinking, pouring, and holding liquid beverage items. The beverage cups are mainly made of glass, paper and, plastic material, whereas polypropylene is used to manufacture plastic cups. The beverage cups are widely used for drinking hot coffee, tea, fruit juices, cold drinks, soups, and other liquid beverage products.
Also, these beverage cups are disposable or recyclable designed and available in different sizes, shapes, styles, and colours as per functions and applicability.
The beverage cups, along with added insulation features, are excellent in serving hot or cold beverages. The single or double coating layers offers sturdiness and rigidity to the cup and are moisture-resistant, smooth, and stable. Therefore, the increasing demand for disposable, biodegradable cups to serve hot and cold beverages could boost the beverage cups market.
Beverage cups have become trendy due to rising consumer’s convenience and single-use consumption patterns. The consumers are aware of health, hygiene, and cleanliness.
Thus, they prefer the safest, reliable and convenient packaging solution. Most public places, restaurants, offices, and significant family events like weddings, parties, get-togethers, and beverage cups are used to serve soft drinks, hot or cold drinks, and water.
The paper or plastic beverage cups are primarily applicable for single-use purposes, which creates the safety of spreading the contamination and hand and oral infection. The beverage cups are also safe for drinking any food liquid products. It retains the food quality, flavour, taste, and hygiene and protects the contents from outside pollution and dust particles. All these factors will augment the growth of the beverage cups market.
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In today’s day and age, the trend of outdoor readymade food eating and drinking is increasing rapidly due to busy lifestyle utilize the beverage cups for saving time and efforts of cleaning and can be discarded easily after use.
Online food and beverages ordering, increasing trend of a quick delivery, rising social and family functions, picnics, and outings will propel the sales of the beverage cups in the market.
The customized printed paper cups with eye-catchy designs and printing could create a brand image opportunity for the customer. The food service, restaurants, hotels, cafeterias, and food delivery companies could consider customized printing on the cups the best option for brand promotion and publicity. The consumer prefers visually appealing and attractive designs.
Additionally, serving the drinks in environment-friendly optimal packing with biodegradable or compostable properties could enhance the growth opportunity of the beverage cups market. The cost-effective, sturdy beverage cups are the best option for glass-ceramic cups due to the difficulty in carrying them around and the chances of breakages.
Furthermore, due to being unbreakable, safe, and easy to handle, the beverage cups are a perfect choice for child-friendly and older adults. Many offices, industrial units, supermarkets, malls keep the tea/coffee vending machines or juice and soft drink stations for people with disposable beverage cups.
During travel in railways, the beverage cups are served for liquid foods due to being easily disposable, safe, and convenient. Owing to this, there will be significant growth in the beverage cups market.
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Key players such as
are actively involved in beverage cups market for different applications.
Key Asian players such as
are actively involved in beverage cups market for different applications.
The manufacturers involved in manufacturing beverage cups adopt various strategies such as innovation and product launch, focusing on sustainability to serve the increasing demand for the beverage cups market.
Huhtamäki Oyj recently introduced single wall and multi-wall paper cups made for PEFC certified paperboard with lid. They have also developed bioware paper cups compostable as per EN12432 compostable norms. The reCup is an exclusive recyclable paper cup made with an innovative barrier coating, EarthCoating, specially engineered to recycle the cups easily in mainstream waste facilities.
Tea is the most popular and widely accepted drink in India. Small tea shops are available in every nook and corner of the country. India is a densely populated country, and teas and coffee consumption is exceptionally high India. With the increasing number of restaurants, cafeterias, tea, and coffee shop chains, the penetration of western fast-food supply chains could enhance the growth of the beverage cups market in India.
Indian people are fond of tea and coffee; hence the consumption of tea is extremely high. Beverage cups are also widely used in family functions, weddings, corporate events due to their lightweight, sturdiness, cost-effective, eco-friendly, and sustainable packaging solution. Therefore, the Indian market is expecting an exponential growth of beverage cups market.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material 6.2. Capacity 6.3. End Use 7. Global Market Analysis and Forecast, By Material 7.1. Plastic 7.2. Paper 7.3. Foam 7.4. Glass 7.5. Metal 8. Global Market Analysis and Forecast, By Capacity 8.1. Up to 150 ml 8.2. 151 - 350 ml 8.3. 351 - 500 ml 8.4. Above 500 ml 9. Global Market Analysis and Forecast, By End Use 9.1. Household 9.2. Institutional 9.3. Corporates 9.4. Foodservice 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. South Asia 10.5. East Asia 10.6. Oceania 10.7. Middle East & Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Material, Capacity, and End Use for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Huhtamäki Oyj 20.2. Cosmoplast Industrial Company (L.L.C.) 20.3. BioPak 20.4. Genpak 20.5. LLC 20.6. Dart Container Corporation 20.7. DOPLA PAP a.s. 20.8. Berry Global Inc.
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Beverage Cups Market
