World News: 14:23 GMT Tuesday 14th January 2020. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Jan. 14, 2020 (GLOBE NEWSWIRE) -- The report has been added to offering. The Global Biodegradable Cups Market is expected to grow at a CAGR of 6% during the forecast period.Increasing alertness regarding the adverse effects of plastic, constant efforts by governments to reduce the use of non-biodegradable packaging and constant efforts of manufacturers to introduce advanced biodegradable cups are the factors driving the market growth. However, the high costs associated with biodegradable cups as compared to the traditional disposables may hinder the market growth.By Material, the Bio-plastics segment is likely to witness huge demand during the forecast period due its wide range of applications. Among bio-plastics, the scope of Polybutylene Succinate (PBS) is growing rapidly. It decomposes naturally into water and carbon dioxide.Based on geography, North America is going to have a lucrative growth during the forecast period owing to the stringent law implications by the government and consumer concern over health and hygiene.Some of the key players profiled in the Biodegradable Cups Market include Genpak, Pactiv LLC, Lollicup USA Inc, Huhtamaki Oyj, The Cup Folk, Benders Paper Cup Company, Biopak Pty Ltd , Bio Futura B.V, Fabri-Kal, Dart Container Corporation, Good Start Packaging, Colpac Ltd, BVO International GmbH, Go-Pak UK LTD, and Scyphus Limited.
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Globe Newswire: 14:23 GMT Tuesday 14th January 2020
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