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Recyclable Cups Market Share
In 2023, key companies like Benders Paper Cups, Dart Container, Georgia-Pacific, Pactiv, and Solo Cup Company held a combined market share of 8%-12%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.
Companies produce cups from biodegradable and compostable materials like sugarcane fibers, bamboo, and plant-based plastics such as PLA, which are more environmentally friendly than traditional options. To stay competitive, companies are investing in better recycling technologies. Companies are expanding in emerging markets, especially in Asia Pacific, Latin America, and Africa, where demand for sustainable packaging is growing. This expansion includes local partnerships, direct investments, and acquisitions.
Recyclable Cups Market Companies
Major players operating in the recyclable cups industry are:
- Ball
- Benders Paper Cups
- Berry Global
- BioCup
- Dart Container
- Detmold
- EcoSoul
- Georgia-Pacific
- Golden Paper Cups
- Green Paper Products
- Huhtamaki
- Nippon Paper
- Pactiv
- SogreenPack
- Solo Cup Company
Why is the use of paper cups rising?
The paper cups segment recorded USD 16.9 billion in 2023 and is expected to grow at a CAGR of around 5.9% from 2024 to 2032 due to the increasing bans on plastic and the shift towards compostable and recyclable materials.
How big is the recyclable cups market?
The global recyclable cups industry was valued at USD 29.5 billion in 2023 and is estimated to grow at a CAGR of over 5.7% from 2024 to 2032, driven by increased environmental awareness and stricter government regulations.
What is the size of the U.S. recyclable cups market?
The U.S. market for recyclable cups was valued at USD 9 billion in 2023 and is projected to grow at a CAGR of over 5.8% from 2024 to 2032, driven by heightened environmental awareness and rising foodservice demand.
Who are some of the prominent players in the recyclable cups industry?
Key players in the industry include Ball, Benders Paper Cups, Berry Global, BioCup, Dart Container, Detmold, EcoSoul, Georgia-Pacific, Golden Paper Cups, Green Paper Products, Huhtamaki, Nippon Paper, Pactiv, and SogreenPack.