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WILMINGTON, Del. , July 15, 2022 /PRNewswire/ -- The value of the global portion cup market was clocked at US$ 832.7 Mn in 2021. The global market is estimated to expand at a CAGR of 6.8% during the forecast period, from 2022 to 2027. Size of portion cup market is estimated to reach value of US$ 1,241.1 million by 2027. The development of strict regulatory framework, the existence of supportive government policies, a shift in consumer inclination toward sustainability, and rising environmental concerns are some of the factors that are predicted to drive the global portion cup market.
The development of portion cups is an important step in recycling plastic consumption for environmental reasons. The use of portion cups made of sustainable materials has a number of advantages, including a smaller environmental impact and simple composting. Such advantages are likely to present high growth opportunities to the portion cup manufacturers during the forecast timeline.
The market for portion cups is strongly impacted by the rise of the ice cream business. Ice cream that has just been scooped is typically preferred over ice cream that has been packaged. Ice cream scoops are frequently served in cups and is expected to account for a portion cup market share. Ice cream sales considerably rise throughout the summer. In order to accommodate rising demand for scooped ice cream, vendors utilize portion cups. Large ice cream manufacturers brand the portion cups with their logos and brand names. This draws people and makes it easier to promote the ice cream brand. In the ice-cream business, the high use of portion cups is anticipated to garner revenue of around US$ 132.9 Mn during the forecast timeline.
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Key Findings of Market Report
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Global Portion Cup Market: Growth Drivers
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Global Portion Cup Market: Key Players
Some of the key market players are
Global Portion Cup Market: Segmentation
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