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.
Principal Consultant
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 |
|
| Key Market Segments Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
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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PET Cup Market
