According to the latest market research report by IMARC Group, the global paper cups market reached a volume of about 316 Billion Units in 2018, exhibiting a CAGR of nearly 3% during 2011-2018.
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.
Anticipated to reach a valuation of approximately $8.4 billion in 2019 and representing a moderate year-on-year growth rate, the global landscape for paper cups is expected to flourish, considering the ‘environment-friendly’ status because of its decomposable and biodegradable nature. Moreover, government regulations favoring environmental benefits will fuel the widespread adoption of paper cups, predicts Future Market Insights in its recent study on the global paper cups market.