- 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.
- The hot paper cups segment is expected to account for highest revenue share, driven by coffee and tea.
- The market in North America is expected to account for highest revenue share.
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.
The global Paper Cups market was valued at more than $20 billion in 2019, and is expected to register a CAGR of 3%.
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.
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%
By Application: 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%
By Region/Country: 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%
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.
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