The Supply and Demand Status of Plastic Cup

Plastic cup in the restaurant industry has an indispensable position, and the development of the catering industry also promote the demand for plastic cups. These factors will increase the demand of cup lid and increase at an annual rate of 4.4%. Until 2018, the market value will reach to $ 10 billion.

"Beverage is an important source of income for restaurants and the operators are increasingly focusing on the introduction of specialty beverages," said Esther Palevsky, an analyst. These factors will drive the demand for high-value cups and cup lids, such as paper cups, PET cups and specialty cups.

In addition, as more and more cities have enacted bans to prohibit or restrict the use of disposable expanded polystyrene products,restaurants generally reduce the use of  for sustainable development demand. There is another reason that why the country prohibit to use plastic foam cups, because the polystyrene recycling process is  difficult. However, there are also some ways to solve the problems. In 2016, the catering industry's demand for cups and cups accounted for 2/3 of its total demand, this industry is still the most important demand market in the future.

In different types of cups, due to the consumer trends and the convenience of their own, the growth rate of demand for packaging cup is the fastest. With the changing pattern of competition, paper cups will become the largest demand in drinking cups. On the one hand, the environment will limit its demand. On the other hand, the commercial production of recyclable plastic cups will also threaten their demand, because the heat preservation properties of recyclable plastic cups are similar to those of foamed plastic cups .

The growth rate of demand for cup lips will exceed the cups, with an annual growth rate of 4.7%. To 2018, the market value will reach to 1.3 billion dollars. Some of the factors that have contributed to its growth including the development of food and beverage outreach in restaurants and wholesale stores, the increased use of cup lips in drinking cups, the increased price, and the improved integrity of the cups, which supporting different types of lids.