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[Jizhi Plastics News] With the continuous development of science and technology, people's living standards have gradually improved, disposable items have become a must in people's lives, streets and alleys can be seen everywhere, disposable plastic cups, disposable plastic bowls and Straws and the like are everywhere. According to reports, global demand for disposable plastic cups and plastic covers will continue to rise at an annual rate of 5%. It is estimated that by 2017, the market value will reach 26 billion US dollars. It is worth mentioning that the fast food industry will still be the main consumer industry for disposable cups and lids.
By 2017, the catering industry will account for 3/5 of the total market value. Due to its convenience, portability, and quantity control, the overall demand for disposable plastic cups and lids in the food and beverage packaging market will increase at the fastest rate. The pursuit of healthy eating will further stimulate the sales of yogurt, which is the largest end market for plastic packaging cups. Geographically, the demand for disposable cups and lids has increased the most in developing countries around the world. The growth rate in Asia, Africa, the Middle East, Eastern Europe and Central and South America will be higher than the global average. The reason is that the living standards in these areas will continue to increase and the number of food and beverage outlets will continue to increase.
Among them, China and India may have the highest growth rate, followed by Indonesia, Russia, Brazil and Mexico. Relatively speaking, the market in developed countries is relatively mature, so the overall growth is relatively stable. In the future, the use of relatively expensive biodegradable, compostable plastic cups and recycled plastic cups will gradually increase in developed countries.