According to Future Market Insights, the PLA (Polylactic Acid) cups market is poised for significant growth in North America in the forecast period. This growth is attributed to several key factors, including the rapid expansion of end-use verticals, an increase in consumer spending, a growing preference for eco-friendly products, and the strong presence of major industry players in the region.
One noteworthy trend is the shift in consumer preferences, particularly in developed nations like the United States, towards PLA cups due to their biodegradable nature. These cups are being increasingly used for a wide range of beverages, from hot drinks to alcoholic and fruit beverages. This trend is expected to drive the sales of PLA cups across North America in the coming years.
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Furthermore, the implementation of stringent environmental regulations aimed at reducing plastic usage to combat plastic pollution, along with the relatively high living standards in North America, creates promising growth prospects within the PLA cup market for the region. These factors collectively make North America a pivotal region to watch for the production and adoption of PLA cups.
The global market for PLA cups is anticipated to experience significant growth over the forecast period from 2022 to 2032, with a projected CAGR of 5.2%. The primary driver of this growth is the increasing adoption of PLA cups across various end-use industries, including cafes, hotels, restaurants, and bars. PLA cups are made from polylactic acid, a biopolymer that is derived from starchy plants like corn, making them biodegradable and eco-friendly.
The rise in demand for PLA cups can be attributed to growing consumer preference for environmentally friendly products. Moreover, the excellent recyclability of PLA cups makes them an ideal substitute for traditional plastic cups. These cups are suitable for a variety of applications, including milkshakes, carbonated beverages, iced tea and coffee, fruit juices, alcoholic beverages, ice creams, and smoothies.
The growth of the PLA cup industry is also fueled by the ease of manufacturing and the versatility of these cups. They can be customized to meet specific requirements, such as size, shape, and design, making them an attractive option for businesses looking to promote their brand while minimizing their environmental footprint. With the increasing focus on sustainability and environmental responsibility, the demand for PLA cups is expected to continue its upward trend in the coming years.
PLA cups are unusual biodegradable cups made from polylactic acid, a biopolymer (PLA). PLA is a bio-based plastic manufactured from starchy plants such as corn. PLA cups are simple to make and are a great alternative to traditional plastic cups because of their high recyclability and environmental friendliness. PLA cup demand has increased significantly in recent years as a result of growing consumer demand for biodegradable products and increased usage across numerous industries. Milkshakes, carbonated beverages, iced tea and coffee, fruit juices, alcoholic beverages, ice creams, and smoothies are all good candidates for these cups.
Market Competition
Some of the key participants present in the global PLA cup industry include Biopac (UK) Ltd, Celebration Paper & Plastics Ltd., Avani Eco Hub, Eco-Products, Inc., Betterearth Llc, and Green Paper Products among others.
The global proliferation of COVID-19 has had a negative impact on biodegradable cup sales. The foodservice industry’s demand for biodegradable cups has decreased as a result of government-imposed food supply-chain delays and travel restrictions. The closure of cafeterias, quick service restaurants, and motels during the pandemic had a significant impact on sales of biodegradable cups. However, during the COVID-19, the growth of takeaways and online food delivery services resulted in movement restrictions, necessitating the use of biodegradable cups. As the biodegradable cup market begins to rebound post-COVID, the industry is expected to gain traction in the next years.
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Key Segments Profiled in the PLA Cup Industry Survey
By Capacity:
- Up to 10 oz
- 10 to 15 oz
- 15 to 20 oz
- 20 to 25 oz
By Sales Channel:
- Manufacturers (Direct Sales)
- Distributors
- E-retail
- Retailers
- Hypermarkets
- Supermarkets
- Convenience Stores
- Specialty Stores
- Discount Stores & Warehouse
By Application:
- Carbonated beverages
- Milkshakes
- Iced Tea/Coffee
- Fruit Juices
- Alcoholic beverages
- Smoothies
- Ice Creams
- Other Food & Beverage Products
By End Use:
- Hotels
- Restaurants & Motels
- Bars & Lounges
- Cafes
- Others
Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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