According to the latest report by IMARC Group, titled “Paper Cups Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global paper cups market reached a volume of 260.2 Billion Units in 2021. Looking forward, IMARC Group expects the market to reach 280.8 Billion Units by 2027, exhibiting a CAGR of 1.27% during 2022-2027. Paper cups refer to disposables that are used by individuals for serving food and beverages. They are generally manufactured using papers that are usually coated with wax to prevent spillage or leakage of the contained items. They are gaining prominence among the masses, especially the working population, due to their eco-friendly nature, cost-efficiency, ease in handling and enhanced convenience. As a result, they are extensively utilized across commercial establishments, such as food joints, restaurants, and cafes and educational institutions primarily for dine-in serving and takeaway purposes.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Paper Cups Market Trends and Drivers:
The global market is primarily driven by the increasing environmental concerns among the masses. This, coupled with an enhanced focus on sustainable development, has impelled individuals to substitute plastic disposables with paper-based alternatives. Additionally, several initiatives undertaken by the governments of numerous countries to impose plastic bans are also impacting the market favorably. Moreover, the proliferation of fast-food joints and coffee shops across the globe is creating a positive outlook for the market. In line with this, continuous improvements in online food delivery platforms, along with the availability of high-speed internet connectivity, are providing a boost to the market growth. The market is further driven by the changing lifestyle patterns of individuals and the inflating disposable income levels. Furthermore, significant growth in the food and beverages and travel and tourism sectors is positively influencing the market growth across the globe. Other factors, including rapid urbanization and continuous product innovations, are further projected to drive the market growth.
Key Market Segmentation:
Breakup by Cup Type:
- Hot Paper Cups
- Cold Paper Cups
Breakup by Wall Type:
- Single Wall
- Double Wall
- Triple Wall
Breakup by Application:
- Tea and Coffee
- Chilled Food and Beverages
Breakup by End User:
- Coffee and Tea Shops
- QSR and Other Fast Food Shops
- Offices and Educational Institutions
- Residential Use
Breakup by Distribution Channel:
- Institutional Sales
- Retail Sales
- North America
- South America
- Middle East and Africa
Competitive Landscape With Key Players:
The global paper cups industry is highly fragmented with the presence of several small and large manufacturers competing in terms of price and quality. Some of the leading paper cup manufacturers are:
- Benders Paper Cups
- International Paper
- Dart Container
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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