It is air pressure that holds, not the cup
A vacuum lifter does not pull the load. It removes air from the space between suction cup and surface; ambient pressure then presses the load against the cup. Holding force is therefore simply pressure difference times effective area: F = Δp · A.
Two things follow. No more than ambient pressure is ever available – and at high altitude it is lower. And any leak between lip and surface reduces the pressure difference and with it the force.