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Stock impact report

Global Recyclable Cups Market Set to Reach USD 974.2 Million by 2034, Driven by Growing Sustainability Efforts | Future Market Insights, Inc. [Yahoo! Finance]

Karat Packaging Inc. (KRT) 
Company Research Source: Yahoo! Finance
This trend, supported by governmental regulations, is fostering a growing preference for eco-friendly packaging solutions, including paper cups with biodegradable coatings. Innovations such as PHA (polyhydroxyalkanoate)-coated cups align with this shift, offering a more sustainable alternative without compromising performance. NEWARK, Del, Nov. 13, 2024 (GLOBE NEWSWIRE) -- The global recyclable cups market is poised for significant growth, with an estimated value of USD 578 million in 2024. The market is expected to expand at a CAGR of 5.3% , reaching USD 974.2 million by 2034. This growth is largely driven by the increasing global focus on sustainability and the efforts of businesses, particularly within the food and beverage sector, to reduce their carbon footprint. As sustainability becomes a key priority for businesses worldwide, companies are increasingly adopting recyclable cups to not only reduce their environmental impact but also enhance their brand image. These eco-frien Show less Read more
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