Disposable Cups Market Trends

Growth Drivers

• Worldwide Emergence of Middle-Class People with Rising Income - The middle class is a group of people who fall in the middle of a social structure and are often defined by their income, occupation, education, and social status. The middle class is currently the world's largest consumer group, driving higher consumption of materials and goods. Therefore, the emerging middle class is leading the increased demand for disposable cups over the forecast period. For instance, the global ratio of the middle class is anticipated to grow to around 750 million individuals by 2030, accounting for more than half of the world's population.
• Staggering Increase in Eating Out Trend Owing to Long Distance Jobs – For instance, approximately 48% of people eat out multiple times per week, with another 25% eating out once per week.
• Significant Growth in Food and Beverage Industry to Meet the Growing Demand – For instance, the worldwide food and beverage sector is expected to generate USD 858 billion in revenue by 2025, up from USD 508 billion in 2022.
• Upsurge in Fast-Food Consumption Owing to Increasing Adoption of Tasty Food – For instance, globally, fast food is consumed every day by approximately 39% of men compared to 36% of women.
• Worldwide Increasing Per Capita Income of People Across the World - As per the World Bank, in 2021, the worldwide annual per capita income raised by 4.8% as contrasted to 1.5% annual per capita income in 2019.

Challenges

• Use of Plastic and Foam Materials in the Manufacturing of Disposable Cups
• Single Use Features of Disposable Cups
• Global Increase in Environmental Concern
• Despite their convenience use of disposable cups are harmful to the environment. Plastic cups are hazardous as they take decades to decompose into the soil and pollute the surroundings and animal life. The government has banned the use of these plastics to control environmental pollution which hampers the market growth.