Demand for Sustainable Packaging Solutions from Beverage Industry to Drive Biodegradable Cups Market During Forecast Period: Transparency Market Research

 The beverage industry is a major application of biodegradable cups and account for almost 40% of the total market share. The need for sustainable packaging solutions arising from the beverage industry is one of the major driving factors for the expansion of the biodegradable cups market.

Biodegradable cups are gaining popularity in beverage packaging, as they are eco-friendly, sustainable, and help in reducing carbon footprint. The increase in beverage consumption globally would drive the biodegradable cups market, owing to the switch made by the end users from plastic cups to PLA lined paper cups and bio-plastic cups. Manufacturers across the globe have been involved in the development and customization of products to meet the end user expectations.

Get PDF sample for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=73232


Biodegradable cups are made of bio-plastics such as Polylactic acid (PLA) and Polybutylene succinate (PBS). PLA is a thermoplastic derived from sources such as starch, sugarcane, and others, and has properties similar to those of polypropylene (PP) and polyethylene (PE). Replacing the PE lining in paper cups with PLA makes it biodegradable.

Biodegradable cups are eco-friendly and sustainable, which make them better alternative to plastic cups. They have a wide range of applications in food service outlets, institutional, and household. The rising awareness regarding the adverse effects of plastics on the environment has led to increased consumption of biodegradable cups among consumers. Moreover, the increasing demand for sustainable packaging solutions from the beverage industry is propelling the biodegradable cups market.

The Asia Pacific is expected to hold approximately 30% share of the market, owing to consumer preference and stringent government regulations. The Asia Pacific biodegradable cups market is likely to expand 1.4x the current market value creating an incremental opportunity of US$ 58 Mn by the end of the forecast period.

Biodegradable Cups Market: Competition Landscape

Players in the global biodegradable cups market are adopting inorganic growth strategies such as mergers & acquisitions to maintain their leads across the regions, while small players are focusing on product expansion to sustain in the market and increase their business reach.

  • In October 2021, Pactiv Evergreen acquired Fabri-Kal, a leading provider of foodservice packaging solutions, to strengthen its position in the foodservice and consumer packaged goods businesses
  • In September 2021, Huhtamaki acquired Elif, a leading global supplier of sustainable flexible packaging to strengthen its existing flexible packaging business in emerging markets
  • In August 2021, World Centric® introduced 17 new products into its NoTree® collection of 100% tree-free compostable products
  • In April 2020, Bio Futura launched an additional product line of biobased ‘Durables’ as an alternative to traditional plastic disposable tableware

About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market research firm that offers Market Analysis Reports and business consulting. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit our YouTube channel -https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll-Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
Original Source -https://bit.ly/3QBXfTQ 

Comments

Post a Comment

Popular posts from this blog

Sewing Machine Market to Exceed USD 5 Billion by 2030 | Transparency Market Research, Inc.

 The global  Sewing Machine  market is estimated to attain a valuation of US$ 5 by the end of 2030, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4% during the forecast period, 2020-2030. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Sewing Machine industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market. Request for a sample of this research report at (Use Corporate Mail Id for Quick Response) –  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=66611 The report by TMR is the end-product of a study performed using different methodologies including the PESTEL...
Read more

Sales of Smart Appliances Industry Report: Latest Innovation & Upcoming Trends Analysis

 The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Smart Appliances industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market. The report by TMR is the end-product of a study performed using different methodologies including the PESTEL, PORTER, and SWOT analysis. The study with the help of these models shed light on the key financial considerations that players in the Smart Appliances market need to focus on identifying competition and formulate their marketing strategies for both consumer and industrial markets. The report leverages a wide spectrum of research methods including surveys, interviews, and social media listening to analyze consumer behaviors in its entirety. Request for a sample of ...
Read more

Functional Apparel Market to Rise at CAGR of 5.9% during Forecast Period, Notes TMR Study

 The global  Functional Apparel  market is estimated to attain a valuation of US$ 638.7 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 5.9% during the forecast period, 2022-2031. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the Functional Apparel industry. The current and historical status of the market together with forecasted market size and trends are demonstrated in the assessment in simple manner. In addition, the report delivers data on the volume, share, revenue, production, and sales in the market. Request for a sample of this research report at (Use Corporate Mail Id for Quick Response) –  https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=37691 The report by TMR is the end-product of a study performed using different methodologies inc...
Read more