Portion Cups Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

Published Date : Jun 2020 | No. of Pages : 200 Pages | Category :

The global portion cups market is estimated to be valued at US$ 726.4 million in 2019. The market is projected to expand at a CAGR of 7.2% during the forecast period of 2020-2027.

The study has considered the base year as 2019, which estimates the market size of market and the forecast period is 2020 to 2027. The report analyzes and forecasts the market size, in terms of volume (thousand units) and value (USD million), for the market. The report provides a detailed analysis of various forces acting in the market (drivers, restraints, opportunities, and challenges). The report covers key players and comprehensively analyzes their market shares and core competencies. It also tracks and analyzes competitive developments such as joint ventures, mergers & acquisitions, new product launches, expansions, and other activities carried out by key industry participants.

Increasing Preference for Biodegradable Portion Cups among Manufacturers and Consumers Driving Market Growth

By material type, the global portion cups market is segmented into plastic, papers, aluminum foil, and sugarcane and others. The plastic segment is further sub-segmented into polypropylene (PP), polyethylene (PE), polyamide (PA), bioplastics, polyester (PET), and polystyrene. PE is further categorized into LDPE and HDPE, while bioplastics are categorized into PLA, PHA, and starch blends.

Polypropylene is the majorly preferred material for the production of portion cups in the present market scenario. The high thermo-formability of the material has driven the market segment. The high melting temperature of the material has made PP portion cups preferable for hot food products such as soups and hot dips. Moreover, for reheating purposes, polypropylene is highly suitable among other conventional plastics. In 2019, the polyethylene segment is estimated to account for more than half of the global potion cups market share.

Relatively the low melting point of polyethylene has restrained the market size of PE portion cups in the global market. Polyamide portion cups have significant preference among food industries for the packaging of processed food products on the backdrop of the high barrier properties offered by the material. Although, limited demand for packaged sauces and condiments in portion cups has restrained the global portion cups market share of the polyamide material segment in the present market scenario.

Owing to significant availability of polystyrene at low costs and the low density of the material resulting into higher number of portion cups in one-unit weight of the material as compared to other materials, polystyrene material has gained considerable preference among portion cup manufacturers. Thus, the low cost born by consumers has resulted into significantly paced growth of the polystyrene portion cups market segment during the forecast period.

All the plastic materials mentioned in the above context are oil-based or conventional plastics, which are not biodegradable or compostable, posing a serious threat to the environment. Thus, the manufacturers of portion cups as well as consumers are moving towards the adoption of biodegradable solutions such as bioplastics. PLA (Poly Lactic Acid) is a majorly preferred bioplastic material for the production of food service containers, including portion cups. This is due to its high barrier properties, high formability, and significant availability as compared to other bioplastics. Although, the high price of bioplastic materials has restrained the demand for bioplastic portion cups among consumers. The bioplastics segment is anticipated to register a substantial growth rate as compared to other portion cups by material type.

Paper is another biodegradable material that is abundantly available at low costs across the globe. The easy formability of paper allows flexibility to producers to manufacture portion cups with high aesthetics and appealing designs. Although, a thick coating of plastic material is required for the paper to withstand moister from the food product and protect its structure stability. Moreover, paper portion cups are not suitable for long duration use. These factors have limited the market share of paper portion cups in the global portion cups market, while the demand for biodegradable solutions has secured the paper portion cups market segment.

Sugarcane and other naturally-occurring materials are readily gaining traction among consumers, owing to the biodegradable property and attractive aesthetics of such portion cups. Although, limited availability of suitable raw materials and difficulties in production have limited the market share of sugarcane portion cups.

Important companies functioning in the global portion cups market are Huhtamaki Oyj, Berry Global Inc., Sonoco Products Company, Dart Container Corporation, Genpak LLC, Placon Corporation, D&W Fine Pack LLC, Pactiv LLC, Georgia-Pacific Corp., Amhil Enterprises Ltd., Fabri-Kal Corporation, Winpak Ltd., Polar Pak Company, Eco-Products, Inc., Graphic Packaging International, Sabert Corporation, Nature Works LLC, London Bio Packaging, World Centric, and BSI Biodegradable Solutions.

Segmentation

Material Type

Plastic
Paper
Aluminum Foil
Sugarcane & Others

Capacity

Up to 1 Oz
1 to 2 Oz
2 to 3 Oz
3 to 4 Oz
4 to 5 Oz
5 to 6 Oz
Above 6 Oz

Application

Tomato Sauce
BBQ Sauce
Guacamole
Hummus
Soups
Dressings or Toppings
Bakery
Dairy
Ice Creams
Others

Sales Channel

Direct Sales
Retailers
e-Retail

End Use
Food Service Outlets
Institutional
Households

Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)

Research Study

The Portion Cups market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Portion Cups market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Portion Cups market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Portion Cups market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Portion Cups market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Portion Cups capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Portion Cups by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Portion Cups market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Portion Cups market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Portion Cups market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Portion Cups industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Portion Cups market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Portion Cups market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Portion Cups market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Portion Cups market. These factors have benefited the growth of the global market for Portion Cups. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Portion Cups. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Portion Cups are as follows:

  • History Year: 2016-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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