Recyclable Cups Industry - Regional Synopsis
On the basis of regional analysis, the recyclable cups market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America industry is expected to dominate majority revenue share by 2037, impelled by increasing number of food services outlets across the region. which manufacture recyclable cups. Moreover, the increasing number of food services outlets is driving the market as well. Europe region holds the second largest recyclable cups market share closely followed by Asia- Pacific. Asia-Pacific is expected to grow significantly on the back of its two largest developing economies India and China. Asia-Pacific region has seen a rapid growth in number of quick service restaurants in last few years and is expected to do is in the upcoming years as well. Demand for recyclable cups in Latin America and Middle-East is sluggish owing to slowdown in economies which is also anticipated to reflect in recyclable cups demand in the region.
