The global Paper Cups Market was valued at more than US$ 20 Bn in 2019, and is expected to register a CAGR of 3%. The global paper cups market report has been segmented on the basis of product type, application, and region.
Paper cups are disposable containers, made up of paper and are cylindrical in shape. It is usually coated or lined, with either wax or plastic, in order to prevent leaking out or soaking of any liquid. Paper cups are available in different sizes and colors and are widely used across the globe.
Paper Cups Market Dynamics:
A major factor driving growth of the global paper cups market is increasing demand from food and beverage industries for cheap and environment friendly packaging alternatives. Increasing demand from food and beverage industries is attributable to the increasing demand for packaged food and beverages across the globe. In addition, consumers prefer paper cups as they are light weight in nature and can be easily disposed of. Recent trends observed in hospitality sector, in particular restaurant industry, are home delivery services and take away services. Such trends are effect of rapid urbanization, coupled with changing lifestyle patterns, and is augmenting the demand for paper cup containers across the globe, which in turn is expected to drive growth of the global paper cups market, over the forecast period.
One of the primary factor contributing to growth of global paper cups market is implementation of stringent rules and regulation, by governments across the globe on usage of plastic containers, as plastic are non-biodegradable in nature and therefore causes pollution. Paper cups are used as alternatives to such plastic containers, due to high bio-degradable nature of paper.
Analysis By Segmentation:
The comprehensive research report comprises a complete forecast of the global paper cups market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global paper cups market is expected to expand at a CAGR of 3% over the forecast period.
Global Paper Cups Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, and region/country. The product type segment includes hot paper cups and cold paper cups. The application segment includes tea/coffee, other food & beverages, and chilled food & beverages. The regions/countries covered in the analysis includes North America, Europe, China, Japan, India, South America, Middle East & Africa, and Rest of the World.
By Product Type:
The hot paper cups segment is expected to account for highest revenue share contribution as compared to other type segment, and is expected to register highest CAGR of over 3%
The tea and coffee segment accounted for highest revenue share contribution as compared to other type segments, and is expected to register a CAGR of over 2.9%
The market in North America is expected to account for highest revenue share in the global paper cups market in 2017. The market in China is expected to register highest CAGR of over 3.5%
Global Paper Cups Market: Competitive Analysis
The research report on the global paper cups market include profiles of some of major companies such International Paper Company, Dart Container Corporation, Konie Cups International Inc., Huhtamaki OYJ, Koch Industries, Inc., Lollicup USA, Inc., Kap Cones Private Limited, RPC Group Plc (Letica Corporation), Eco-Products, Inc., Thai President Foods Public Company Limited, Grupo Phoenix, Hefei Hengxin Environmental Science & Technology Co., Ltd., Zhejiang Demei Color Printing Co., Ltd., Shanghai Xinyu Paper Cup Co., Ltd., and DONGYANG KANGBAO PAPER CUPS CO., Ltd.
The Global Paper Cups Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global Paper cups market for 2018–2028.
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