The global portion cups market is estimated to be valued at US$ 726.4 million in 2019. The market is projected to expand at a CAGR of 6.9% during the forecast period of 2019-2027.
Increasing Preference for Biodegradable Portion Cups among Manufacturers and Consumers Driving Market Growth
By material type, the global portion cups market is segmented into plastic, papers, aluminum foil, and sugarcane and others. The plastic segment is further sub-segmented into polypropylene (PP), polyethylene (PE), polyamide (PA), bioplastics, polyester (PET), and polystyrene. PE is further categorized into LDPE and HDPE, while bioplastics are categorized into PLA, PHA, and starch blends.
Polypropylene is the majorly preferred material for the production of portion cups in the present market scenario. The high thermo-formability of the material has driven the market segment. The high melting temperature of the material has made PP portion cups preferable for hot food products such as soups and hot dips. Moreover, for reheating purposes, polypropylene is highly suitable among other conventional plastics. In 2019, the polyethylene segment is estimated to account for more than half of the global potion cups market share.
Relatively the low melting point of polyethylene has restrained the market size of PE portion cups in the global market. Polyamide portion cups have significant preference among food industries for the packaging of processed food products on the backdrop of the high barrier properties offered by the material. Although, limited demand for packaged sauces and condiments in portion cups has restrained the global portion cups market share of the polyamide material segment in the present market scenario.
Owing to significant availability of polystyrene at low costs and the low density of the material resulting into higher number of portion cups in one-unit weight of the material as compared to other materials, polystyrene material has gained considerable preference among portion cup manufacturers. Thus, the low cost born by consumers has resulted into significantly paced growth of the polystyrene portion cups market segment during the forecast period.
All the plastic materials mentioned in the above context are oil-based or conventional plastics, which are not biodegradable or compostable, posing a serious threat to the environment. Thus, the manufacturers of portion cups as well as consumers are moving towards the adoption of biodegradable solutions such as bioplastics. PLA (Poly Lactic Acid) is a majorly preferred bioplastic material for the production of food service containers, including portion cups. This is due to its high barrier properties, high formability, and significant availability as compared to other bioplastics. Although, the high price of bioplastic materials has restrained the demand for bioplastic portion cups among consumers. The bioplastics segment is anticipated to register a substantial growth rate as compared to other portion cups by material type.
Paper is another biodegradable material that is abundantly available at low costs across the globe. The easy formability of paper allows flexibility to producers to manufacture portion cups with high aesthetics and appealing designs. Although, a thick coating of plastic material is required for the paper to withstand moister from the food product and protect its structure stability. Moreover, paper portion cups are not suitable for long duration use. These factors have limited the market share of paper portion cups in the global portion cups market, while the demand for biodegradable solutions has secured the paper portion cups market segment.
Sugarcane and other naturally-occurring materials are readily gaining traction among consumers, owing to the biodegradable property and attractive aesthetics of such portion cups. Although, limited availability of suitable raw materials and difficulties in production have limited the market share of sugarcane portion cups.
Important companies functioning in the global portion cups market are Huhtamaki Oyj, Berry Global Inc., Sonoco Products Company, Dart Container Corporation, Genpak LLC, Placon Corporation, D&W Fine Pack LLC, Pactiv LLC, Georgia-Pacific Corp., Amhil Enterprises Ltd., Fabri-Kal Corporation, Winpak Ltd., Polar Pak Company, Eco-Products, Inc., Graphic Packaging International, Sabert Corporation, Nature Works LLC, London Bio Packaging, World Centric, and BSI Biodegradable Solutions.
In this report, Transparency Market Research offers an 8-year forecast of the global portion cups market between 2019 and 2027. The study reveals the dynamics of the portion cups market in five geographic segments, along with market analysis for the current market environment, and future scenario over the forecast period of the global portion cups market.
This Transparency Market Research report studies the global portion cups market for the period 2019–2027. The prime objective of this report is to offer insights and key market trends pertaining to the portion cups market that are gradually helping transform global businesses.
The global portion cups market report begins with the executive summary for various categories and their share in the portion cups market. It is followed by the market background section, which includes market dynamics; an overview of the global packaging market; and TMR analysis of the market drivers, restraints, opportunity analysis, and trends that are affecting the growth of the portion cups market. Furthermore, to understand the popularity of the various portion cup segments, an attractiveness index and BPS analysis with elaborated insights on the same is provided, which will show the market’s attractiveness based on factors such as CAGR, incremental opportunity, and estimated market share in 2019. To show the performance of the portion cups market in each country and region, BPS and Y-o-Y growth analysis are provided.
The global market for portion cups is further segmented by material type, capacity, application, sales channel, and end use.
The next section of the report highlights the portion cups market by region, and provides the market outlook for 2019–2027. The study investigates Y-o-Y growth regionally, as well as analyses the drivers that influence the regional portion cups market. The main regions assessed in the portion cups market report include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional portion cups markets for 2019–2027.
To ascertain the size of the portion cups market in terms of value and volume, the revenue generated by key manufacturers and their respective production capacities are taken into consideration. The forecast presented here assesses the total revenue generated by value, across the portion cups market. In order to provide an accurate forecast, we initiated by sizing the current market, which forms the basis of how the portion cups market is expected to develop in the future. Given the characteristics of the portion cups market, we triangulated the outcome on the basis of three different types of analysis - based on the supply side, downstream industry demand, and economic envelope. In addition, it is imperative to note that, in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the portion cups market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the portion cups market, and identify the right opportunities across the market.
The market segments for the global portion cups market have been analyzed in terms of basis point share (BPS) to understand the individual segment’s relative contribution to market growth. This detailed level of information is important for identifying various key trends in the portion cups market. Another key feature of the global portion cups market is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the portion cups market. The overall absolute dollar opportunity along with segmental split is mentioned in the global portion cups market report.
Transparency Market Research has developed the 'Market Attractiveness Index' for the portion cups market. The resulting index should help providers identify real market opportunities.
In the final section of the portion cups market report, a 'dashboard view' of the companies is provided to compare the current industrial scenario and their contribution to the total portion cups market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key portion cup providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the portion cups marketplace. Key portion cups market players profiled in the report include Huhtamaki Oyj, Sonoco Products Company, Berry Global Inc., Dart Container Corporation, Genpak LLC, D&W Fine Pack LLC, Placon Corporation, Pactiv LLC, Georgia-Pacific Corp., Fabri-Kal Corporation, Winpak Ltd., Amhil Enterprises Ltd., Polar Pak Company, Eco-Products, Inc., Sabert Corporation, Graphic Packaging International, London Bio Packaging, Nature Works LLC, World Centric, and BSI Biodegradable Solutions.
Portion Cups Market Segmentation
By Material Type
- Starch Blends
- Aluminum Foil
- Sugarcane & Others
- Up to 1 Oz
- 1 to 2 Oz
- 2 to 3 Oz
- 3 to 4 Oz
- 4 to 5 Oz
- 5 to 6 Oz
- Above 6 Oz
- Tomato Sauce
- BBQ Sauce
- Dressings or Toppings
- Ice Creams
By Sales Channel
- Direct Sales
- Convenience Stores
- Specialty Stores
- Discount Stores
By End Use
- Food Service Outlets
- Full Service Restaurants
- Quick Service Restaurants
- Ice Cream Vendors
- Airlines & Railways
- Schools & Offices
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC Countries
- North Africa
- South Africa
- Rest of MEA