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Paper Cups Market By Cup Size (Less Than 150 ml, 150ml to 400ml, Greater Than 400), By End-User (Educational Institutions, Restaurants, Coffee/Tea Shops, Quick-Service Restaurants, Food Canteens, Others), By Industry Vertical (Retail Stores, Online Channels) - Growth, Future Prospects, And Competitive Analysis, 2019 – 2027

Increasing Adoption of Paper Cups Globally to Ensure Rapid Growth for the Paper Cups Market

Globally, the paper cup market is expected to grow with a CAGR of 3.5% during the forecast period from 2019 to 2027, starting from US$ 8.50 billion in 2018. Paper cups are extensively being used to serve various food and beverage products in railways, malls, and others.

These are disposable cups that have a thin layer of wax or compostable plastic that is used to prevent the substance from leaking through the cup. The growing demand for compostable products is the key factor that drives the growth of the paper cup market worldwide. Additionally, the emergence of quick-service restaurants across several developed and underdeveloped countries has augmented the growth of the paper cup market.

Moreover, the introduction of various graphics and messages printed on paper cups is escalating the growth of the paper cup market. On the other hand, the paper cups required a special recycling process to separate the LDPE coating, which is expected to hamper the growth of the paper cup market. Furthermore, the introduction of several materials in the manufacturing of paper cups to provide insulating and waterproof characteristics to the cups is projected to create several opportunities in the paper cup market in the near future.

Market Synopsis

High adoption of paper cups in the coffee and tea shop end-user segment continues to dominate the market.

In 2018, the coffee and tea shop end-user segment dominated the paper cup market, holding more than 26% of the total market share.

The rapidly growing takeaway coffee or tea culture in developing countries is boosting the demand for paper cups at tea and coffee shops. Additionally, quick-service restaurants are growing at the fastest rate, which will have a positive impact on the paper cup market. The attractive designs and cost-effectiveness offered by the paper cups are driving their demand among the various end-users, including educational institutions, restaurants, coffee and tea shops, quick-service restaurants (QSRs), food canteens, and others.

North America Dominates the Market by Region

North America dominates the growth of the paper cup market, followed by Europe. The growing demand for eco-friendly and cost-effective products is the key factor that drives the growth of the North American paper cup market. The U.S. holds the largest share of the paper cup market. The rapidly growing Quick-Service Restaurant (QSR) culture in the North American region is promoting the growth of the paper cup market. Additionally, Asia Pacific is the fastest-growing region in the paper cup market.

The high consumption of paper cups at railway stations and malls is contributing to the growth of paper cups in the Asia Pacific region. The growing use of paper cups for advertising and the presence of several local manufacturers are anticipated to boost the growth of the paper cup market in the Asia Pacific region.

Some of the prominent players operating in the paper cup market include Dart Container Corporation, Huhtamaki Oyj, Georgia-Pacific LLC, International Paper Company, Nippon Paper Industries Co., Westrock Company, Coveris Holdings S.A., Lollicup USA, Inc., Genpak, LLC, Be Green Packaging, and others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The paper cup market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global paper cup market based on technology, application, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of paper cups in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market for automotive industry applications?
  • What are the major trends followed in the paper cup market across different regions?
  • Who are the key paper cup companies leading the market?
  • What are the key strategies adopted by the leading paper cup companies in the market?

Unique data points of this report

  • Statistics on paper cup penetration and spending worldwide
  • Recent trends across different regions in terms of the adoption of paper cups for various vehicles
  • Notable developments are going on in the magnetic sensor market.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

 

Frequently Asked Question:

The market for Paper Cups Market is expected to reach USD$ 8.50 Bn in 2027.

The Paper Cupst Market is expected to see significant CAGR growth over the coming years, at 3.5%.

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Georgia-Pacific LLC, International Paper Company, Nippon Paper Industries Co., Westrock Company, Coveris Holdings S.A. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2019
Category:  Consumer Goods
Report ID:   59826
Report Format:   PDF
Pages:   120
Rating:    4.4 (56)
Delivery Time: 24 Hours to 48 Hours   
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