PLA Cup Market- Global Industry Analysis and Forecast (2023-2029)

PLA Cup Market size was valued at US$ 449.69 Mn. in 2022 and the total revenue is expected to grow at 5.2% through 2023 to 2029, reaching nearly US$ 641.25 Mn.
PLA Cup Market Overview:
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.

To know about the Research Methodology :- Request Free Sample Report

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 market is expected to gain traction in the next years.
PLA Cup Market Dynamics:
Some of the primary reasons predicted to boost growth in the global PLA cup market during the forecast period include rapid expansion of end-use verticals such as restaurants, hotels, and cafés, increased government attempts to limit the use of plastic products, and various benefits of PLA cups. Because of their biodegradability and recyclability, PLA cups have emerged as a viable alternative to plastic cups such as PP and PET. These cups are simple to recycle and thus contribute to the reduction of plastic pollution.

End consumers are exhibiting a strong preference for PLA cups over other options in order to meet rising customer demand for environmentally friendly products as well as tight government laws. PLA cups can endure a wide range of temperatures, making them suitable for serving both cold and hot food and beverage items. During the projected period, the growing number of food service outlets and increased consumer spending on alcoholic and fruit beverages are expected to provide profitable growth possibilities for PLA cup producers.

Similarly, several governments attempt to limit plastic pollution and encourage the adoption of biodegradable products would aid market expansion in the future years. PLA cup manufacturers employ a variety of advertising strategies to inform consumers about the advantages of using PLA cups. To achieve a competitive advantage in the market, they are introducing printable items and establishing new recycling operations.

There's no denying that environmentally friendly items like PLA cups are slowly but steadily gaining over end-use sectors. Various factors, on the other hand, are projected to slow market expansion throughout the projection period. The cheap availability of alternative products and the low penetration of PLA cups in low-income areas are two of these factors. Similarly, PLA cups' high production costs compared to alternatives like PP cups are constraining market growth.
PLA Cup Market Segment Analysis:
Based on Application, the PLA Cup Market is segmented into Restaurants, Bars, Cafes and Others. Restaurant segment is dominating in the market with the largest market share. The application options remained limited until PLA could successfully resist use temperatures ranging from 80°C to 120°C. Purac, a Dutch lactide maker with 80 years of lactic acid production history, has created a heat resistant PLA technology that might open up a huge market as a biobased alternative to polystyrene (PS) and polypropylene (PP). So, PLA Cups can be used with drinks having high temperatures such as hot coffees. So, they are becoming more common in the Cafes as they serve a variety or hot and cold drinks. Hence, Café segmented is expected to grow at a higher CAGR during the forecast period. The most critical point to emphasize right now is that PLA is easily recyclable. When the material is widely used, the waste stream that results will entice recycling companies to use this precious material as building blocks for new applications.
PLA Cup Market Regional Insights:
Asia Pacific PLA cup market is expected to grow at a considerably higher CAGR between 2023 and 2029 owing to a rapid expansion in the number of food service outlets and increased government support for encouraging the usage of eco-friendly products. Growing consumer knowledge of the benefits of PLA cups, expanding government support, simple availability of PLA cups at reduced prices, and rapid expansion of end-use industries are all expected to drive up demand for PLA cups in fast-growing countries like India and China. Similarly, factors such as population growth and lifestyle changes. During the projected period, rising disposable income and expanding acceptance of PLA cups at weddings and events are expected to drive market growth.

Due to the quick expansion of end use verticals, increased consumer spending, rising preference towards eco-friendly products, and strong presence of leading market players, North America is likely to give tremendous potential prospects for PLA cup manufacturers throughout the forecast period. Because of its biodegradable nature, most end users in industrialized countries such as the United States are switching to PLA cups. These PLA cups are used to serve a range of beverages. During the projection period, rising consumer spending on alcoholic and fruit beverages is likely to enhance PLA cup sales across North America. Similarly, strict limitations on plastic usage to safeguard the environment from pollution, combined with a high quality of living, will generate growth opportunities in the North American PLA cup market in the next years.

The objective of the report is to present a comprehensive analysis of the PLA Cup 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 perspective of the industry to the decision-makers.

The report also helps in understanding the PLA Cup market dynamics, structure by analyzing the market segments and project the PLA Cup market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the PLA Cup market make the report investor’s guide.
PLA Cup Market Scope: Inquiry Before Buying



PLA Cup Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 449.69 Mn.


Forecast Period 2023 to 2029 CAGR:
5.2 %
Market Size in 2029:
US $ 641.25 Mn.


 Segments Covered:
by Product
Up to 10 oz
10-15 oz
15-20 oz
20-25 oz


by Application
Restaurants
Bars
Cafes
Others



PLA Cup 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
PLA Cup Market Key Players
1. Biopac Ltd (U.K.)
2. Celebration Paper & Plastics Ltd. (U.K.)
3. Avani Eco Hub (Indonesia)
4. Eco-Products, Inc. (U.S.)
5. Betterearth Llc (U.S.)
6. Green Paper Products (U.S.)
7. Genpak, LLC (U.S.)
8. Dart Container Corporation (U.S.)
9. Pactiv LLC (U.S.)
10. Lollicup USA Inc. (U.S.)
11. Eco-Products, Inc. (U.S.)
12. Go-Pak UK LTD (U.K.)

Frequently Asked Questions:

1. What is the forecast period considered for the PLA Cup market report?
Ans. The forecast period for the PLA Cup market is 2023-2029.

2. What segments are covered in the PLA Cup Market Report?
Ans. PLA Cup Market is segmented by Type, Application and Regions.

3. What is the compound annual growth rate (CAGR) of the PLA Cup market for the forecast period?
Ans. 5.2%.

4. Which is the dominating segment by application in the PLA Cup market?
Ans. Restaurants segment.

5. Who are the major players in PLA Cup market?
Ans. Biopac Ltd (U.K.), Celebration Paper & Plastics Ltd. (U.K.), Avani Eco Hub (Indonesia), Eco-Products, Inc. (U.S.), Betterearth Llc (U.S.), Green Paper Products (U.S.), Genpak, LLC (U.S.), Dart Container Corporation (U.S.), Pactiv LLC (U.S.).