Paper Cups Market: By Type (Poly-Coated Paper, Wax-Coated Paper, Air Pocket Insulated, Post-Consumer Fiber, Others), By Application (Tea & Coffee, Chilled Food & Beverages, Others), By Distribution Channel (Food Service, Food Retail- Supermarkets, Online, Convenience Stores, Others) And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
Global Paper Cups Market to surpass USD 288.5 billion by 2031 from USD 255.5 billion in 2021 at a CAGR of 1.2% in the coming years, i.e., 2021-2031.
Paper cup is a disposable cup made of paper that is lined or coated with plastic or wax to stop liquid from leaking through the paper. It is created from recycled paper and is used all around the world. Paper cups are used to serve hot and cold beverages like coffee and tea, as well as food items like ice cream and soups. These paper cups are commonly found in offices, quick food restaurants, large sporting events, and music festivals. Because paper cups are derived from trees, which are a renewable resource, they are usually regarded to be more eco-friendly than polystyrene foam cups.
Global Paper Cups Market is expected to witness significant growth with a notable CAGR of 1.2% by 2031
Global Paper Cups Market to surpass USD 288.5 billion by 2031 from USD 255.5 billion in 2021 at a CAGR of 1.2% in the coming years, i.e., 2021-2031. The increased desire for takeaway services and online food delivery services, owing to the convenience and an increase in internet penetration, are the primary driving drivers of the Global Paper Cups Market. This, in turn, is boosting the disposable paper cup market to new heights in both developed and developing countries.
Poly-Coated segment is predicted to grow with maximum CAGR over the 2021-31 period
Based on type, the Global Paper Cups Market is divided into Poly-Coated Paper, Wax-Coated Paper, Air Pocket Insulated, Post-Consumer Fiber, and Others. The poly-coated sector is expected to hold a significant share of the market due to the growing consumption of tea, coffee, and other beverages in most Asia Pacific areas. The Asia Pacific has the greatest share of the paper cup market due to the vast number of people who drink tea and coffee in addition to other beverages.
Tea & Coffee segment is expected to lead with the highest CAGR over the forecasted period
In terms of application, the Global Paper Cups Market is segmented as Tea & Coffee, Chilled Food & Beverages, and Others. Owing to the significant consumption of these beverages in the country, the tea and coffee category accounted for a large proportion of the market. The usage of tea and coffee dispensers is increasing as the number of educational institutions, hospitals, IT firms, offices, food canteens, coffee/tea shops, restaurants, fast-food stores, quick-service restaurants (QSRs), and supermarkets grow.
Booming Foodservice Sector is impacting the growth of the Global Paper Cups Market
The disposable paper cup market is booming, thanks to the tremendous growth of the foodservice industry. The foodservice business has made numerous changes to disposable paper cups, which is one of the industry's potential market drivers. Aside from that, the use of tea and coffee in emerging nations is rapidly increasing. As a result, demand for the cups has surged once more, and the important players' manufacturing rate has been doubled than ever.
Ever-increasing demand from urban and semi-urban areas
The desire for paper cups is fueled by sanitary and hygiene concerns. Furthermore, increased demand for paper cups from the country's urban and semi-urban areas, as well as high consumer adoption of quality products and eco-friendly items, are all influencing market growth.
Growing environmental concern is hampering the Global Paper Cups Market
Several unorganized sectors are unconcerned about environmental protection. They are unconcerned about modifications to environmentally beneficial methods. As a result, they continue to use plastic cups, which must be discontinued. It is the most significant market limitation because, in the absence of such restraints, plastic cups will continue to exist somewhere around the globe, posing a threat to the environment.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Based on the region, the Global Paper Cups Market is segmented as North America, South America, Europe, Asia Pacific, Middle East, and Africa. The Asia Pacific dominated the paper cup market in the past few years. The Asia Pacific region has the world's largest population, which is gradually increasing the demand for diverse food and beverage goods. In addition, greater consumption of hot beverages such as tea and coffee is a having favorable impact on the use of paper cups in the region. Paper cup consumption in the region is increasing due to the increasing penetration of coffee companies such as Starbucks.
The production of disposable paper cups was slowed by COVID-19, affecting the global supply rate. During the epidemic months, the demand was strong, but the supply rate was low. There was an unmistakable drop in sales and revenue as a result of it. However, now that COVID 19 has lost its grip on the world, the sector is regaining its footing. To satisfy increased demand before people adopt plastic cups, the manufacturing team has returned to full-strength production. As a result, there are Disposable Paper Cups. Without COVID's challenges, market growth has now stabilized for the next few years.
Market size value in 2021
USD 255.5 billion
Revenue forecast in 2031
USD 288.5 billion
CAGR of 1.2% from 2021 to 2031
Base year for estimation
Revenue in USD million and CAGR from 2021 to 2031
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Type, Application, Distribution Channel, and Region
North America, Europe, Asia Pacific, South America, Middle East & Africa (MEA)
Key companies profiled
Huhtamaku, Dart container Corporation, Reynolds Consumer Products, Graphic Packaging International, LLC, Seda Group, Inc., Eco-products, Inc., Compagnie Europeenned’Emballage Robert Schisler, F Bender Limited, DUNI AB, Stanpac Inc., Geotegrity, Inc., Konie Cups International, Inc., YesPac, and Lollicup USA Inc. and • Other Prominent Players
Global Paper Cups Market size was estimated at USD 255.5 billion in 2021 and is expected to reach USD 288.5 billion in 2031.
A paper cup is a disposable made out of paper lined with plastic or wax to prevent t liquid from leakage out or soaking by paper. These cups are made from renewable resources.
The Poly-Coated Paper segment accounted for the largest Global Paper Cups Market share.
Key players in the Global Paper Cups Market are Huhtamaku, Dart container Corporation, Reynolds Consumer Products, Graphic Packaging International, LLC, Seda Group, Inc., Eco-products, Inc., Compagnie Europeenned’Emballage Robert Schisler, F Bender Limited, DUNI AB, Stanpac Inc., Geotegrity, Inc., Konie Cups International, Inc., YesPac, and Lollicup USA Inc. and • Other Prominent Players
The booming foodservice industry demanding Paper Cups and ever-increasing demand from urban and semi-urban areas is expected to drive the market growth.
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