Published on : Sep 12, 2019
As per United Nations’ Climate Change, the aim of the Climate Change Convention is to obtain stabilization of greenhouse emissions in the atmosphere. Had there been no greenhouse gases such as carbon dioxide, nitrous oxide, and methane then our planet would have been too cold. It has been estimated that absence of greenhouse gases would have dropped the average temperature of the earth to -18 degrees Celsius.
It is over these concerns of environment that mainly drives the growth of global compostable cup market during the timeframe of assessment.
Expansion of the Food and Beverage Industry Bolsters Market Demand
In the last few years, global compostable cup market has substantially been driven by the remarkable expansion of the food industry. The changing habits and style of eating and growing inclination towards healthy food served in an eco-friendly packaging solution offers lucrative growth opportunities for the growth of global compostable cup market.
Furthermore, it is an easy way to decrease the amount of carbon footprint in the world. In addition to that, environment-friendly packaging solutions such as compostable cups are also cost effective. These factors have added impetus to the market across the globe.
In April 2019, compostable cups of Vegware, leading producer of catering disposables and eco friendly packaging, were promoted in an unique way. Wells Film Centre in Somerset, the South West of England has been serving cold and hot drinks in Vegware’s compostable cups. Such an initiative for promotion of compostable cups is likely to make people aware of compostable cup and its benefits.
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Considering geography, North America has been at the forefront of this market. Presence of strict laws and its implementation has fuelled the market. Besides, preference of consumers for compostable cups for health and hygiene purposes is sure to boost North American compostable cup market during the timeframe of appraisal.