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Plastic Cups: U.S. Market Size
In our comprehensive research, we did not find any trusted data/information sources on the public domain exclusively addressing the market size of plastic cups in the US. This is largely based on the highly fragmented and diversified nature of the plastic cup market in the US, which has made it difficult for researchers to compile exact and exclusive reports. That being said, we found data/information addressing the global market size. On top of that, we found other importantly-related details such as the US market size of disposable cups (which is a general category that includes plastic cups), paper cups and plates, which included projections on the future of the US plastic cups market. Kindly find a deep dive of these findings below.
DISPOSABLE CUPS: CURRENT AND FUTURE MARKET SIZE
The global sales of disposable cups were valued at close to US$ 12 billion in 2016 and the market size is projected to reach more than US$ 20 billion by 2026. A separate report supports this projection by stating that the global disposable cups market was valued about US$ 12.1 billion in 2016 and the projections are that the market will reach a valuation of about US$ 20.5 billion by the end of 2024 (translating to an annual growth rate of 6.1% over the forecast period 2017-2024). This, according to the researchers, is owed to factors such as emergence of new food/beverages industries and population growth.
The most popular and often used brands of disposable cups and plates in the US are detailed in this 2017 research, with 93.66 million Americans reportedly using the Store Brand.
For both practical and purposeful purposes, you can find various types of disposable cups on this link, with plastic cups being one of the varieties.
PLASTIC/PAPER CUPS AND PLATES: CURRENT AND FUTURE MARKET SIZE
The US paper cups and paper plates market reached a value of US$ 104 billion in 2016, and 218.02 million Americans used disposable cups and plates in 2017. The US paper cups and paper plates market is expected to reach the value of US$ 119 billion by 2022, growing at a compound annual growth rate of more than 2% between 2017 and 2022. Some major players in the US paper cups and paper plates market include: International Paper, Dixie, Dart, Hefty and Huhtamaki.
Meanwhile, a 2016 report states that the “demand for cups and lids in the US is projected to expand 3.9 percent per year to $10.6 billion in 2020, driven by above average gains for food packaging cups and continued growth for food service revenues.” This point is asserted by a similar report that projects the flourishing of the plastic cups and lids market on the basis of “rapid growth in the food & beverage packaging such as coffee, hot drinks, milk and dairy products, sports and energy drinks, and alcoholic drinks.”
CONCLUSION
The US paper cups and paper plates market reached a value of US$ 104 billion in 2016, and is projected to reach an approximate value of US$ 119 billion by 2022, growing at a compound annual growth rate of more than 2% between 2017 and 2022. The “demand for cups and lids in the US is projected to expand 3.9 percent per year to $10.6 billion in 2020, driven by above average gains for food packaging cups and continued growth for food service revenues.” Some major players in the US paper cups and paper plates market whom you can expect to dominate the industry include: International Paper, Dixie, Dart, Hefty and Huhtamaki.