About Compostable Cup
The increasing focus of governments on green procurement policies will help to boost global Compostable Cup market in the forecasted period. Compostable Cup is made from paper and plastic which gives it an extra advantage of being molded and designed to make the product attractive and visually appealing. The compostable cup is intended to reduce the environmental and health impacts caused by the use of traditional disposable cups made from materials hard to recyclable. The compostable cup also helps the manufacturer in reducing the carbon footprint thereby reducing the cost of overall production.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The Biodegradable Cups market research report includes definition, classification, product classification, product application, development trends, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, and the most recent dynamic analysis, among other things. The study includes global market drivers and restraints. It discusses the effects of these drivers and restraints on demand over the forecast period. The report also highlights market opportunities on a global scale. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Compostable Cup market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Eco Products Inc. (United States), Paper Cup Company (England), FrugalPac Limited (United Kingdom), Berry Plastics Corporation (United States), James Cropper Plc. (United Kingdom), Huhtamaki Oyj (Finland), Genpak LLC. (United States), Fabri-Kal (United States), Dart Container Corporation (United States) and Lollicup USA (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are AmerCareRoyal (United States), Biopac (India), BioPak (Australia) and Vegware (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Compostable Cup market by and Region.
On the basis of geography, the market of Compostable Cup has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Size, the sub-segment i.e. 200 milliliters will boost the Compostable Cup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. PLA (Poly Lactic Acid) will boost the Compostable Cup market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Compostable Cup Market Dynamics:
Attributes | Details |
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Growth Drivers | - The Growing Government Support towards Recycling
- Rise in Quick Service Restaurants in Developed and Developing Countries
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Influencing Trends | - Increasing Consumer Concern Over Health and Hygiene
- Rapid Growth in Food Service Industry
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Restraints | - Pricing Competition Between Local Players and Key Players
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Road Blocks / Challenges | - Performance Issues Related to Compostable Cup
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Gaps & Opportunities | - The Shift in Consumer Preference Toward Eco-Friendly Plastic Products
- Huge Potential in Emerging Market
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Market Leaders and their expansionary development strategies
On 10 August 2021, Novolex has acquired Vegware, a compostable foodservice packaging company based in Edinburgh, Scotland. The collaboration will provide Vegware with additional access to the North American market. It will also increase the presence of Novolex's compostable foodservice packaging business, Eco-Products, in Europe.
On 18th January 2021, Novolex, a packaging supplier, has announced the opening of a new production line in Tennessee, USA, to produce compostable cold beverage cups made from the plant-based bioplastic, PLA.
The prevalence of claims made about plastic products being biodegradable and environmentally friendly has caused widespread consumer confusion. The end-of-life conditions to which plastic products are subjected have a significant impact on both the rate and extent of degradation. As a result, California and the federal government have strengthened environmental marketing regulations.
Key Target Audience
Compostable Cup Manufactures, Compostable Cup Distributors, Compostable Cup Suppliers, Government Regulatory Bodies, Government Research Organizations, Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.