Portion Cups Market: Global Industry Analysis and Forecast (2023-2029)

Portion Cups Market size was valued at US$ 1.31 Billion in 2022 and the total Portion Cups revenue is expected to grow at 6.9% through 2023 to 2029, reaching nearly US$ 2.10 Billion.
Portion Cups Market Overview:
Portion cups are medium-sized containers used for storing and packing a variety of meals. Plastics, metal, aluminum foil, and other materials are commonly used in the manufacturing of Portion cups. Increasing demand for Portion Cups among the growing population is driving the growth of the market. Portion cups are suitable for a variety of applications because of their high-temperature resistance and other properties. Portion cups can handle both hot and cold items easily. The high-barrier properties are also a major growth driver in the portion cup market. All these factors bring immense growth opportunities for the portion cups market and thus, the Portion cups market is expected to rise significantly throughout the forecast period.To know about the Research Methodology:- Request Free Sample Report

In this report, the Hot Beverages market's growth reasons and the market's many segments (by material type, Capacity, Application, End-user, Sales channel, and Region) are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the wiring duct market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Portion Cups Market situation.
Portion Cups Market Dynamics:
The rise in the number of hotels and restaurants around the world is expected to boost the growth of the portion cups market. Furthermore, the rising use of portion cups in a variety of applications, as well as reduced raw material costs are likely to propel the expansion of the part cups market over the forecast period.

The Portion Cups are easily available in various storage sizes made of different materials across the retail stores, wholesale stores, and e-commerce platforms is a major factor driving the demand for portion cups. Similarly, the rapid rise in the knowledge of cross-cultural cuisines and the demand for fast food among the youth population would provide numerous potential opportunities for the growth of the portion cups market.

The strict regulations of government authorities and regulatory bodies regarding the use of the usage of certain portion cups made out of paper, certain plastics & sugarcane are the factors that are expected to restrict the growth of the portion cups market. The portion cups market is expected to grow slowly owing to the minimum use of portion cups for packaged condiments, gravies, and sauces.
Portion Cups Market Segment Analysis:
By Material Type, the Polyethylene segment is expected to account for more than half of the global potion cup market share in 2022. Polypropylene is the most widely used material for the production of portion cups in the present portion cups market. The market segment has been driven by the material's great thermo-formability. PP portion cups are suitable for hot foods such as soups and hot dips owing to their high melting temperature. Furthermore, polypropylene is highly suitable for reheating purposes among other conventional plastics.

The paper segment is another biodegradable material that is widely available at affordable prices all around the world. Manufacturers can create portion cups with high aesthetics and appealing designs because of paper's excellent formability. Although, a thick layer of plastic material is required for the paper cups to withstand moister from the food product so it can be used for long periods. These factors have hampered the market share of paper portion cups in the global portion cups market during the forecast period.

The polystyrene segment has earned huge popularity among portion cup manufacturers due to its widespread availability at low costs and low density. The polystyrene portion cups market segment is expected to increase at a rapid rate owing to the low cost throughout the forecast period.By Application, the Dressings or Toppings and Sauces segment is expected to grow at a rapid rate owing to the increasing consumption of sauces in international cuisines.

By End-users, the foodservice outlets segment is expected to grow significantly owing to the expanding number of food service providers and the increased consumption of fast food among the young population.
Portion Cups Market Regional Insights:
Asia Pacific region dominates the global portion cup market and is expected to expand significantly in terms of revenue during the forecast period. Population growth, fast urbanization, industrialization, economic growth, and a rapidly growing food and beverage industry are all expected to fuel the growth of the portion cup market in countries like China and India in the region. Furthermore, the rising consumption of salads, dressings, and condiments, as well as the adoption of western food culture are expected to boost the market's revenue growth in this region. Furthermore, an increase in the number of hotels, restaurants, and food retail chains in emerging countries is also the key driver for the Portion Cups Market growth during the forecast period.

In North America, the market for portion cups is expected to grow significantly due to the rising demand for ready-to-eat foods such as bakery and dairy products. Furthermore, an increase in the working population and spending power are two major factors expected to boost the market's revenue over the forecast period.

The objective of the report is to present a comprehensive analysis of the Portion Cups Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Portion Cups Market dynamics, structure by analyzing the market segments and projecting the Portion Cups Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Portion Cups Market make the report investor’s guide.
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Portion Cups Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1.31 Bn.


Forecast Period 2023 to 2029 CAGR:
6.9%
Market Size in 2029:
US $ 2.10 Bn.


 Segments Covered:
by Material Type
• Plastic
o Polypropylene
o Polyethylene
o HDPE
o LDPE
o Polyamide
o Bioplastics
o Starch Blends
o PET
o Polystyrene
• Paper
• Aluminum Foil
• Sugarcane & Others


by Capacity
• Up to 1 Oz
• 1 to 4 Oz
• 4 to 6 Oz
• Above 6 Oz


by Application
 • Sauces
• Guacamole
• Hummus
• Soups
• Dressings or Toppings
• Bakery
• Dairy
• Ice Creams
• Others


by End-Use
• Food Service Outlets
o Full-Service Restaurants
o Quick Service Restaurants
o Ice Cream Vendors
• Institutional
o Cinemas
o Airlines & Railways
o Schools & Offices
o Hospitals
• Households


by Sales Channel
• Direct Sales
• Retailers
o Hypermarkets
o Supermarkets
o Convenience Stores
o Specialty Stores
o Discount Stores
• e-Retail



Portion Cups Market, by Region:
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Portion Cups Market Key Players:
• 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
• BSI Biodegradable Solutions
• Dot It Restaurant Fulfillment
• International Paper
FAQs:
1. What is the key driver of the Portion Cups Market?
Ans. The rising use of portion cups in a variety of applications, as well as reduced raw material costs, are likely to propel the expansion of the part cups market over the forecast period.

2. What is the restraint in the Portion Cups Market during the forecast period?
Ans. The strict regulations of government authorities and regulatory bodies regarding the use of the usage of certain portion cups made out of paper, certain plastics & sugarcane are the factors that are expected to restrict the growth of the portion cups market.

3. What is the projected market size & growth rate of the Portion Cups Market?
Ans. Portion Cups Market size was valued at US$ 1.31 Billion in 2022 and the total Portion Cups revenue is expected to grow at 6.9% through 2023 to 2029, reaching nearly US$ 2.10 Billion.

4. What segments are covered in the Portion Cups Market report?
Ans. The segments covered are by material type, Capacity, Application, End-user, Sales channel, and Region