Growth Drivers
Growth of Food Services and Packaging Industry to Trigger Recyclable Cups Market Growth
In the last few decades, quick service restaurants and other food services are on a rise leading to an increase in requirement of packaging containers. Recyclable cup has gradually become the preferred choice for coffee, tea and beverages. Increasing demand for recyclable cups from the food service restaurants will trigger the growth for recyclable cups market.
Rising Concerns About Environment to Lead Substitution of Disposable Cups with Recyclable Cups
According to a statistical report by UN Environment Programme, 5 trillion single-use plastic bags are used worldwide every year and in total half of all plastic produced worldwide is single use type plastic which is used once and then thrown away.
Disposable cups are use and throw type product which increases the amount of waste. As the society is getting more aware about keeping environment clean and safe, reducing amount of waste has become an important thing and recyclable cups can serve as a worthy substitute to curb the problem of wastage. Recyclable paper cups are also biodegradable in nature thereby they do not harm the environment.
Trend of Custom Printing Cups for Brand Promotions Increases Demand for Recyclable Cups
Promoting a business using printed paper or plastic cups have become a popular marketing strategy all around the food. This trend has been adopted by many big players of either food industry or any other industry. Not only printing but, plastic cups can be morphed into any shape. These trends resulted into increased demand for recyclable cups and is expected to continue in the upcoming years as well.
Challenges
Limitation of Recycling Infrastructure to Hamper Growth
Recyclable cups have some coating of plastic or fibre in order to prevent spillage. These plastic and fibre can be easily recycled but, recovering them from the cups is very difficult and there is lack of infrastructure to do so which leads to making it difficult to recycle. Incentives for recyclers are also low as compared to the work they need to put in to recover these materials.
Base Year |
2023 |
Forecast Year |
2024–2036 |
CAGR |
5.4% |
Base Year Market Size (2023) |
USD 471.46 million |
Forecast Year Market Size (2036) |
USD 934.06 million |
Regional Scope |
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Author Credits: Abhishek Anil
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