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.
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
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BIODEGRADABLE CUPS MARKET, BY TYPE
CHAPTER 5: BIODEGRADABLE CUPS MARKET, BY APPLICATION
CHAPTER 6: BIODEGRADABLE CUPS MARKET, BY CAPACITY
CHAPTER 7: BIODEGRADABLE CUPS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Biodegradable Cups Market," the biodegradable cups market size was valued at $458.10 million in 2021, and is estimated to reach $1.1 billion by 2031, growing at a CAGR of 8.5% from 2022 to 2031. Biodegradable paper cups derive their name from “biodegrade” which means they can decay on their own in a non-harmful way. Biodegradable items can include items such as coffee husks, paper and some plastics.Biobased and biodegradable cups are a perfect substitute to conventional cups made of plastic, although, currently its cost is high as compared to petroleum-based plastics. The biodegradable cups market is still developing; and growth opportunities are widening with growing awareness for biobased products. PHA, one of the biodegradable cups material types is not commercialized to mass scale yet due to high price issues. At present, several manufacturers are opting different routes to lower the cost of the PHA and support ongoing demand.
Currently, there are only 25-30 manufacturers operating in this market and primary processing of raw material is predominantly done by these players itself. The production capacities of these manufacturers are changing rapidly and similar trends are expected during the forecast period owing to high demand for biodegradable cups. This will further boost the biodegradable cups market growth.
Food industry is the major consumer of global biodegradable cups market. Packaging companies are increasingly using biodegradable plastics to manufacture large number of cups including dried snacks & candy packaging, bakery goods packaging, water & juice bottles, and meat trays, and beverages cups, films & card stock, and others. Regulatory bodies are enforcing manufacturers to come up with innovative substantial prepackaging solutions. As a result, manufacturers are adopting biobased and biodegradable cups in both flexible and rigid packaging applications.
Therefore, demand for biodegradable cups is on the rise and similar trend is anticipated during the forecast period as well. Rise in dependence on the packaged food is further expected to fuel the demand for packaging needs. This will further boost the biodegradable cups market opportunities.
COVID-19 is a disease caused by a newly discovered virus named Coronavirus. Many people are suffering from Coronavirus disease throughout the globe. During lockdown, due to COVID-19 pandemic, various major players in the global biodegradable cups market had to stop their business production due to lock down implemented in countries such as the U.S., China, Brazil, and others. This stop in business activities has directly impacted the sales of biodegradable cups industry manufacturers. For instance, Alstom SA registered a decline of 17.7% in revenue in September 2020. Also, lack of man power and raw material has halted the supply chain of railway maintenance machineries. However, the introduction of vaccines for coronavirus disease and the re-initiation of production facilities is anticipated to provide lucrative opportunities for the biodegradable cups players.
Region-wise, the biodegradable cups market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (the UK, France, Germany, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the 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 Findings of the Study
- The report provides an extensive analysis of the current and emerging global biodegradable cups market trends and dynamics.
- By type, the single walled segment was the largest revenue generator in 2021.
- By application, the beverages segment generated the highest revenue in 2021.
- By capacity, the up to 7 oz segment generated the highest revenue in 2021.
- Region-wise, Europe is anticipated to dominate the global biodegradable cups market share throughout the study period.
- The report provides an extensive analysis of the global biodegradable cups market trends and emerging opportunities of the market.
- The global biodegradable cups market forecast analysis from 2022 to 2031 is included in the report.
Companies Mentioned
- 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
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 458.1 million |
| Forecasted Market Value ( USD | $ 1046.11 million |
| Compound Annual Growth Rate | 8.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
