After a detailed analysis of the packaging domain, FMI recently published a new report on the PET cup market. As per the analysis, demand for PET cups holds a current market valuation of US$ 579 million in 2024.
Going by this trend, demand could eventually rise and equate to a market valuation of US$ 989.1 million, with a CAGR of 5.50% by 2034.
Attributes | Details |
---|---|
PET Cup Market Value for 2024 | US$ 579 million |
PET Cup Market Value for 2034 | US$ 989.1 million |
PET Cup Market Forecast CAGR for 2024 to 2034 | 5.5% |
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As key markets such as the United States and Europe attain maturity in the packaging sector, the scope for PET Cups is poised to remain moderate in the next few years.
Historical CAGR | 4.7% |
---|---|
Forecast CAGR | 5.5% |
The PET cup market has demonstrated a historical CAGR of 4.7%, showcasing steady expansion. With a forecasted CAGR of 5.5%, the market is poised for even stronger growth in the coming years.
The upward trajectory can be attributed to propelling consumer demand for convenient and sustainable packaging solutions, growing awareness about environmental concerns, and expanding applications across sectors like food and beverage, healthcare, and hospitality.
Innovations in PET cup designs and manufacturing processes tend to compel market growth, catering to evolving consumer preferences and industry regulations.
The below section shows the leading segment. Based on the end use, the food service segment is accounted to hold a market share of 24% in 2024. Based on capacity type, the 10-15 Oz segment is accounted to hold a market share of 27% in 2024.
Category | Market Share in 2024 |
---|---|
Food Service | 24% |
10-15 Oz | 27% |
Based on end use, the food service sector is accounted to hold a market share of 24% in 2024. The food service industry encompasses many establishments, including restaurants, cafes, fast food outlets, catering services, and food trucks, which extensively utilize PET cups to serve beverages, desserts, salads, and other food items.
PET cups' convenience, durability, and cost-effectiveness make them particularly well-suited for the fast-paced and on-the-go nature of the food service sector.
The rise in takeout, delivery, and outdoor dining trends further drives the demand for PET cups in this segment, as they offer customers hygienic and portable packaging solutions.
Based on capacity type, the 10-15 Oz sector is accounted to hold a market share of 27% in 2024. The 10-15 oz capacity range strikes a balance between serving size and portability, making it suitable for a diverse array of drinks such as soft drinks, juices, iced teas, and coffees, as well as snacks and desserts.
Consumers often prefer this size range for single servings in both commercial food service establishments and retail settings, contributing significantly to its market share within the PET cup segment.
The 10-15 oz segment also caters to the growing demand for portion control and moderation, aligning with consumer preferences for healthier consumption habits.
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The table mentions the top five countries ranked by revenue, with India holding the top position. India dominates the PET cup market due to its vibrant street food culture, bustling urbanization, and increasing demand for on-the-go beverages.
PET cups are widely utilized in street food stalls, juice bars, and tea shops, catering to the convenience and portability preferences of Indian consumers amidst rapid urban lifestyle changes.
Forecast CAGRs from 2024 to 2034
Countries | CAGR from 2024 to 2034 |
---|---|
United States | 5.2% |
Germany | 5% |
United Kingdom | 4.9% |
China | 5.6% |
India | 5.7% |
The PET cup market is primarily used across various sectors in the United States, including food service establishments such as fast food chains, restaurants, cafes, and convenience stores.
With a strong emphasis on convenience and on-the-go consumption, PET cups are widely used for serving beverages like soft drinks, iced teas, coffees, and smoothies. PET cups' versatility, durability, and recyclability make them a preferred choice for consumers and businesses in the United States.
In Germany, known for its robust recycling infrastructure and environmental consciousness, the PET cup market is predominantly utilized in food service outlets, including beer gardens, cafes, and bakeries.
The consumers of Germany often opt for PET cups for their outdoor dining experiences, festivals, and picnics due to their lightweight and shatterproof properties.
A growing trend towards using PET cups in public events and gatherings as an alternative to traditional glassware, enhancing convenience and safety while reducing the risk of breakage and litter.
The PET cup market finds extensive usage in the food and beverage industry in the United Kingdom, particularly in cafes, fast-food chains, and sporting events.
With a culture of takeaway coffee and a rise in preference for on-the-go meals, PET cups are commonly used for serving hot and cold beverages like tea, coffee, and smoothies.
In China, the PET cup market experiences significant usage across various sectors, including street food vendors, bubble tea shops, and convenience stores.
With a burgeoning urban population and a thriving food culture, PET cups are widely used to serve beverages such as bubble tea, fruit juices, and milk tea, reflecting the country's enthusiasm for novel and trendy drinks.
The PET cup market in India is predominantly utilized in street food stalls, juice bars, and tea shops, catering to the diverse culinary landscape and bustling street food culture.
PET cups are extensively employed for serving traditional beverages such as chai (tea), lassi (yogurt drink), and nimbu pani (lemonade), offering a hygienic and convenient packaging solution for on-the-go consumption.
PET cups are widely used for packaging fruit juices, milkshakes, and flavored sodas in quick-service formats, reflecting the evolving preferences of Indian consumers towards convenient and portable food and beverage options.
The market is driven by innovation in sustainable packaging solutions, customization options, and strategic partnerships as companies strive to meet evolving consumer demands while adhering to regulatory standards and environmental concerns.
Some of the key developments
Attributes | Details |
---|---|
Estimated Market Size in 2024 | US$ 579 million |
Projected Market Valuation in 2034 | US$ 989.1 million |
Value-based CAGR 2024 to 2034 | 5.50% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in US$ million |
Key Regions Covered |
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Key Market Segments Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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As of 2024, the market for PET cups is expected to be valued at US$ 579 million.
The PET cup market is projected to expand at a CAGR of 5.50% between 2024 and 2034.
The 10-15 Oz PET cup segment experiences high demand, accumulating a market share of 27% in 2024.
By 2034, the market value of the PET cup is expected to reach US$ 989.1 million.
India is likely the top-performing market, with a CAGR of 5.7%.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Manufacturer 3.5.1.2. Mid-Level Participants (Traders) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Capacity 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Capacity, 2019 to 2023 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Capacity, 2024 to 2034 5.3.1. 0-10 Oz 5.3.2. 11-15 Oz 5.3.3. 16-20 Oz 5.3.4. 21-25 Oz 5.4. Y-o-Y Growth Trend Analysis By Capacity, 2019 to 2023 5.5. Absolute $ Opportunity Analysis By Capacity, 2024 to 2034 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2019 to 2023 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2024 to 2034 6.3.1. Food Service 6.3.2. Bars & Pubs 6.3.3. Restaurants 6.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023 6.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Distribution Channel, 2019 to 2023 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Distribution Channel, 2024 to 2034 7.3.1. Hypermarket 7.3.2. Supermarket 7.3.3. Departmental Stores 7.3.4. E-commerce 7.3.5. Direct Sales 7.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2019 to 2023 7.5. Absolute $ Opportunity Analysis By Distribution Channel, 2024 to 2034 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Capacity 9.2.3. By End Use 9.2.4. By Distribution Channel 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Capacity 9.3.3. By End Use 9.3.4. By Distribution Channel 9.4. Key Takeaways 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Capacity 10.2.3. By End Use 10.2.4. By Distribution Channel 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Capacity 10.3.3. By End Use 10.3.4. By Distribution Channel 10.4. Key Takeaways 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Capacity 11.2.3. By End Use 11.2.4. By Distribution Channel 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Capacity 11.3.3. By End Use 11.3.4. By Distribution Channel 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Capacity 12.2.3. By End Use 12.2.4. By Distribution Channel 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Capacity 12.3.3. By End Use 12.3.4. By Distribution Channel 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Capacity 13.2.3. By End Use 13.2.4. By Distribution Channel 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Capacity 13.3.3. By End Use 13.3.4. By Distribution Channel 13.4. Key Takeaways 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Capacity 14.2.3. By End Use 14.2.4. By Distribution Channel 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Capacity 14.3.3. By End Use 14.3.4. By Distribution Channel 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Capacity 15.2.3. By End Use 15.2.4. By Distribution Channel 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Capacity 15.3.3. By End Use 15.3.4. By Distribution Channel 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2023 16.1.2.1. By Capacity 16.1.2.2. By End Use 16.1.2.3. By Distribution Channel 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2023 16.2.2.1. By Capacity 16.2.2.2. By End Use 16.2.2.3. By Distribution Channel 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2023 16.3.2.1. By Capacity 16.3.2.2. By End Use 16.3.2.3. By Distribution Channel 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2023 16.4.2.1. By Capacity 16.4.2.2. By End Use 16.4.2.3. By Distribution Channel 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2023 16.5.2.1. By Capacity 16.5.2.2. By End Use 16.5.2.3. By Distribution Channel 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2023 16.6.2.1. By Capacity 16.6.2.2. By End Use 16.6.2.3. By Distribution Channel 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2023 16.7.2.1. By Capacity 16.7.2.2. By End Use 16.7.2.3. By Distribution Channel 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2023 16.8.2.1. By Capacity 16.8.2.2. By End Use 16.8.2.3. By Distribution Channel 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2023 16.9.2.1. By Capacity 16.9.2.2. By End Use 16.9.2.3. By Distribution Channel 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2023 16.10.2.1. By Capacity 16.10.2.2. By End Use 16.10.2.3. By Distribution Channel 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2023 16.11.2.1. By Capacity 16.11.2.2. By End Use 16.11.2.3. By Distribution Channel 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2023 16.12.2.1. By Capacity 16.12.2.2. By End Use 16.12.2.3. By Distribution Channel 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2023 16.13.2.1. By Capacity 16.13.2.2. By End Use 16.13.2.3. By Distribution Channel 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2023 16.14.2.1. By Capacity 16.14.2.2. By End Use 16.14.2.3. By Distribution Channel 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2023 16.15.2.1. By Capacity 16.15.2.2. By End Use 16.15.2.3. By Distribution Channel 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2023 16.16.2.1. By Capacity 16.16.2.2. By End Use 16.16.2.3. By Distribution Channel 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2023 16.17.2.1. By Capacity 16.17.2.2. By End Use 16.17.2.3. By Distribution Channel 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2023 16.18.2.1. By Capacity 16.18.2.2. By End Use 16.18.2.3. By Distribution Channel 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2023 16.19.2.1. By Capacity 16.19.2.2. By End Use 16.19.2.3. By Distribution Channel 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2023 16.20.2.1. By Capacity 16.20.2.2. By End Use 16.20.2.3. By Distribution Channel 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2023 16.21.2.1. By Capacity 16.21.2.2. By End Use 16.21.2.3. By Distribution Channel 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2023 16.22.2.1. By Capacity 16.22.2.2. By End Use 16.22.2.3. By Distribution Channel 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2023 16.23.2.1. By Capacity 16.23.2.2. By End Use 16.23.2.3. By Distribution Channel 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Capacity 17.3.3. By End Use 17.3.4. By Distribution Channel 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Ningbo Yi Sheng Plastic Co., Ltd. 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Huhtamaki Oyj 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. NNZ Group 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Macpac S.A. 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Sonoco Products Company 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Temma Shiki Co., Ltd 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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