The global biodegradable cups market revenue was around US$ 497 million in 2022 and is estimated to reach US$ 1,035 million by 2031, growing at a compound annual growth rate (CAGR) of 8.5% during the forecast period from 2023 to 2031.
Biodegradable substances are materials that are capable of decomposing naturally by the microorganism's action The biodegradable cups are made of sugarcane starch, Polylactic acid (PLA) coating, corn, wheat straws, and paper that can effectively recycled and disposed of. The PLA coating is also understood as poly-lactic acid that is made from biodegradable and renewable materials.
Market Driving Factors
The increasing inclination of enterprises toward renewable products owing to surging environmental consciousness is estimated to drive market growth. This trend seeks to decrease reliance on traditional plastic cups.
Biodegradable cups are made from plastic and paper, which provides the extra benefit of being molded and prepared to make the product attractive and visually adorable. In addition, the biodegradable cups are intended to lessen the environmental and health consequences caused by the usage of standard disposable cups created from materials hard to recycle. Furthermore, these cups also aid the manufacturer in decreasing the carbon footprint thereby lowering the price of overall production. Therefore, these factors are predicted to drive the market growth.
The majority of manufacturers in sectors including textile, packaging, and agriculture are shifting to biobased plastic for manufacturing cups owing to strict rules from the government. Such elements create a negative impact on the market.
Regional Analysis
Asia Pacific is estimated to dominate the market in terms of the growth rate. This is due to many factors such as an increase in the number of food service outlets, increasing demand for biodegradable cups, and a surge in the flourishing food & beverage industry in the region. Moreover, varying lifestyles, immediate urbanization, and rising disposable income in emerging nations such as India and China surge takeaways and consumption of on-the-go drinks are estimated to boost the market.
Furthermore, biodegradable cups are gaining importance due to the increasing awareness among customers about the harm plastics have on the atmosphere. However, Chinese plastic manufacturers are shifting toward biodegradable plastic production as government rules are applied over single-use plastics. Similarly, governments of various nations are undertaking initiatives to facilitate the usage of biodegradable packaging materials as a way of lowering plastic waste.
Segmentation Insights
Application Insight
The beverages segment dominates the market in terms of the growth rate. This is primarily owing to the surge in beverage consumption specifically coffee and tea increased the demand for biodegradable cups owing to the switch created by end users from lined paper cups and plastic cups to biodegradable cups.
Capacity Insight
The 8 to 14 oz segment is predicted to dominate the market in terms of the largest shares. This is because the biodegradable cups ranging from 8 to 14oz are preferred more as the customers typically choose to have coffee and different such beverages in these quantities.
Prominent Companies
Segmentation Outline
The global biodegradable cups market segmentation focuses on Type, Application, Capacity, and Region.
By Type
By Application
By Capacity
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL BIODEGRADABLE CUPS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: BIODEGRADABLE CUPS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL BIODEGRADABLE CUPS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL BIODEGRADABLE CUPS MARKET, BY TYPE
5.1 OVERVIEW
5.2 DOUBLE WALLED
5.3 TRIPLE WALLED
5.4 SINGLE-WALLED
6 GLOBAL BIODEGRADABLE CUPS MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 FOOD
6.3 BEVERAGES
7 GLOBAL BIODEGRADABLE CUPS MARKET, BY CAPACITY
7.1 OVERVIEW
7.2 UP TO 7 OZ
7.3 8 TO 14 OZ
7.4 14 TO 20 OZ
8 GLOBAL BIODEGRADABLE CUPS MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL BIODEGRADABLE CUPS MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 GOOD START PACKAGING
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 HUHTAMAKI OYJ
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 GENPAK LLC
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 LOLLICUP USA INC.
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 LEETHA GROUP
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 B-V-O INTERNATIONAL GMBH
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 PACTIV LLC
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 KONIE CUPS INTERNATIONAL INC.
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 ECO-PRODUCTS INC.
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 DART CONTAINER CORPORATION
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 BIO FUTURA B.V.
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 FABRI-KAL
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 BENDERS PAPER CUP COMPANY
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.14 GO-PAK UK LTD
10.14.1 OVERVIEW
10.14.2 FINANCIAL PERFORMANCE
10.14.3 PRODUCT OUTLOOK
10.14.4 KEY DEVELOPMENTS
10.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.15 SCYPHUS
10.15.1 OVERVIEW
10.15.2 FINANCIAL PERFORMANCE
10.15.3 PRODUCT OUTLOOK
10.15.4 KEY DEVELOPMENTS
10.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.16 COLPAC LTD.
10.16.1 OVERVIEW
10.16.2 FINANCIAL PERFORMANCE
10.16.3 PRODUCT OUTLOOK
10.16.4 KEY DEVELOPMENTS
10.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.17 WORLD CENTRIC
10.17.1 OVERVIEW
10.17.2 FINANCIAL PERFORMANCE
10.17.3 PRODUCT OUTLOOK
10.17.4 KEY DEVELOPMENTS
10.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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