The Latin America, Middle East and Africa Disposable Cups Market would witness market growth of 10.5% CAGR during the forecast period (2020-2026). There are many disposable cup companies that are looking for substitutes to gain sustainability in their business due to the increasing environmental issues and a rise in strict regulations framed by the government related to the utilization of plastic.
It has raised the usage of biopolymers in the making of disposable cups, which is estimated to contribute to the growth of the market during the forecast period. The growing demand for sustainable options of plastic cups and eco-friendly options surged the overall growth of the market. People are opting for more sustainable options in order to prevent environmental degradation and the spread of disease through reusable utensils. Owing to this, manufacturers are creating more sustainable and eco-friendly ways to serve beverages in several food chain outlets and restaurants.
Disposable cups are majorly used in food chain outlets, restaurants, and households. It is due to the convenience they offer to the person using it, these cups are handy, less costly, and are very flexible to use. They are also used to serve various hot and cold beverages as a replacement for heavy glasses and mugs, which cannot be carried along. It supports the increasing trend of use & throw and take-away services that help in eliminating the risks of various foodborne diseases. Disposable cups offer great convenience as a person can carry them along due to their lightweight and also can use it anywhere, thus, contributing to the rising demand for disposable cups in the market.
The Brazil market dominated the LAMEA Institutional Market by Country in 2019, thereby, achieving a market value of $12 million by 2026. The Argentina market would witness a CAGR of 10.8% during (2020 - 2026). Additionally, The UAE market is experiencing a CAGR of 9.5% during (2020 - 2026).
Based on Product, the market is segmented into Foam, Plastic and Paper. Based on End Use, the market is segmented into Commercial, Institutional and Household. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Disposable Cups Market in LAMEA is expected to register a CAGR of 10.5% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Berry Global Group, Inc., WestRock Company, Huhtamaki Oyj, Dart Container Corporation (Aprinta Group), Eco-Products, Inc. (The Waddington Group, Inc.), Duni AB, Genpak, LLC (Great Pacific Enterprises, Inc.), SCG Packaging Public Company Limited (Siam Cement Group), ConverPack, Inc., and Bender, Inc.
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