Global Portion Cups Market Size By Material Type (Plastic, Paper), By Application (Sauces, Guacamole), By End-User (Food Service Outlets, Institutional), By Geography Scope And Forecast
Report ID: 119474|No. of Pages: 202
Global Portion Cups Market Size By Material Type (Plastic, Paper), By Application (Sauces, Guacamole), By End-User (Food Service Outlets, Institutional), By Geography Scope And Forecast
Portion Cups Market Size And Forecast
Portion Cups Market size was valued at USD 1.35 Billion in 2022 and is projected to reach USD 2.18 Billion by 2030 growing at a CAGR of 6.14% from 2023 to 2030.
The increasing trend of convenience and on-the-go consumption is boosting the demand for portion cups for packaging single servings of food and beverages. Secondly, the growth of the food service industry, including restaurants, cafes, and takeaway outlets, is driving the need for portion cups for condiments, sauces, dressings, and other side servings. Additionally, the rising awareness of portion control and food waste reduction is fueling the adoption of portion cups in both commercial and household settings. The Global Portion Cups Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
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Global Portion Cups Market Definition
The Global Portion Cups Market refers to the market for small, disposable containers designed for portioning and packaging single servings of food and beverages. Portion cups are commonly used in the food service industry, including restaurants, cafes, fast food chains, and catering services, as well as in household settings. These cups are typically made from materials such as plastic, paper, or aluminum, and are available in various sizes, ranging from a few ounces to a few hundred milliliters. They are used to hold condiments, sauces, dressings, dips, desserts, and other side servings. Portion cups offer convenience, hygiene, and portion control, making them suitable for takeout orders, food delivery services, picnics, and other on-the-go consumption.
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Global Portion Cups Market Overview
The rising trend of on-the-go consumption and the demand for convenience foods drive the need for portion cups. These cups allow for easy packaging and consumption of single servings, catering to the busy lifestyles of consumers. The expanding food service sector, including restaurants, cafes, fast-food chains, and catering services, fuels the demand for portion cups. These establishments use portion cups for sauces, condiments, dressings, and other side servings, enhancing customer experience and operational efficiency.
The growing awareness of portion control and healthy eating habits drives the adoption of portion cups. These cups help consumers manage their food portions, promoting healthier eating practices and reducing food waste. The availability of a wide range of packaging materials, such as eco-friendly and sustainable options, including biodegradable and compostable materials, presents opportunities for market growth. Manufacturers are developing innovative materials that meet both functional and environmental requirements.
The extensive use of disposable portion cups raises environmental concerns due to the generation of plastic waste. Increasing awareness of plastic pollution and stringent regulations on single-use plastics may hinder market growth. Fluctuating raw material costs, especially for sustainable packaging materials, can impact the pricing of portion cups. Additionally, supply chain disruptions, such as logistics challenges and raw material availability, can pose restraints on the market.
The demand for customized portion cups with branding and logo printing offers opportunities for manufacturers to cater to the specific requirements of food service establishments, enhancing brand visibility and customer engagement. The growing food service industry and changing consumer preferences in emerging markets present untapped opportunities for portion cup manufacturers. Countries in Asia Pacific and Latin America offer significant growth potential due to increasing urbanization, changing lifestyles, and rising disposable incomes.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Portion Cups Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The Porter’s five forces model can be used to assess the competitive landscape in Global Portion Cups Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Portion Cups Market Segmentation Analysis
The Global Portion Cups Market is segmented On The Basis of Material Type, Application, End-User, And Geography.
Portion Cups Market, By Material Type
- Plastic
- Paper
- Aluminum Foil
- Sugarcane
- Others
Based on Material Type, the market is bifurcated into Plastic, Paper, Aluminum Foil, Sugarcane, and Others. Plastic portion cups are widely used due to their durability, versatility, and cost-effectiveness. They are available in various plastic types such as polypropylene (PP), polystyrene (PS), and polyethylene terephthalate (PET). Paper portion cups are eco-friendly alternatives to plastic. They are often made from renewable sources and are biodegradable or compostable. Paper cups are commonly used for cold beverages and desserts. Aluminum foil portion cups provide excellent heat resistance, making them suitable for hot food items. They offer insulation properties, preventing heat transfer and maintaining food temperature. Portion cups made from sugarcane pulp, also known as bagasse, are environmentally friendly options. Sugarcane portion cups are biodegradable, compostable, and have good insulation properties.
Portion Cups Market, By Application
- Sauces
- Guacamole
- Soups
- Dressings or Toppings
- Bakery and Confectionary
- Dairy Products
- Others (Hummus, Ice Creams)
Based on Application, the market is bifurcated into Sauces, Guacamole, Soups, Dressings or Toppings, Bakery and Confectionary, Dairy Products, and Others (Hummus, Ice Cream). Mounting consumption of international cuisines is anticipated to propel the growth of the sauces and dressings or toppings segments among the application segments.
Portion Cups Market, By End-User
- Food Service Outlets
- Institutional
- Households
Based on End-User, the market is bifurcated into Food Service Outlets, Institutional, and Households. Food Service Outlets include restaurants, cafes, fast-food chains, food trucks, and other food service establishments that use portion cups for packaging condiments, sauces, dressings, and other side servings for dine-in, takeout, or delivery orders. The institutional segment comprises institutions such as schools, hospitals, catering services, and corporate cafeterias that utilize portion cups for serving individual portions of food items in a convenient and hygienic manner. Portion cups are also used in households for various purposes, including storing leftovers, meal prepping, portion control, and organizing small quantities of ingredients, sauces, or snacks.
Portion Cups Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
On the basis of Geography, the Global Portion Cups Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia Pacific region held the largest market share of the global portion cups market and is expected to witness steady dominance in terms of revenue over the forecast period owing to the strong base of demographic dividend, growing population, rapid urbanization, and industrial development. Additionally, economic growth, coupled with the rapidly growing food & beverage sector are some of the major factors expected to boost the growth of the portion cups market in countries such as China and India.
Furthermore, increasing consumption of salads, dressings & condiments, and the adoption of Western food culture are some factors expected to support the revenue growth of the portion cups market in this region. Also, growing numerous hotels, restaurants, and food retail chains in both developed and developing countries are the key factors expected to increase the growth of the portion cups market.
Key Players
The “Global Portion Cups Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are 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., and Fabri-Kal Corporation.
Our market analysis includes a section specifically devoted to such major players, where our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. Key development strategies, market share analysis, and market positioning analysis of the aforementioned players globally are also included in the competitive landscape section.
Key Developments
- In Jan 2022, Sonoco, a leading global packaging company, successfully finalized the acquisition of Ball Metalpack, a subsidiary of Ball Corporation. Sonoco’s acquisition of Ball Metalpack is now complete. This strategic move enhances Sonoco’s metal packaging capabilities and expands its market presence in the Americas.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2019-2030 |
| BASE YEAR | 2022 |
| FORECAST PERIOD | 2023-2030 |
| HISTORICAL PERIOD | 2019-2021 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | 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., and Fabri-Kal Corporation |
| SEGMENTS COVERED | By Material Type, By Application, By End-User, And By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
|
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Data Collection Matrix
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Industry Analysis Matrix
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