Paper Cups Market Size, Growth, key Players, SWOT Analysis and Forecast 2023-2028
According to the latest report by IMARC Group, titled “Paper Cups Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the global paper cups market size reached 263.8 Billion Units in 2022. Looking forward, IMARC Group expects the market to reach 283.2 Billion Units by 2028, exhibiting a growth rate (CAGR) of 1.11% during 2023-2028.
Paper cups represent disposable cups that are used by individuals for consuming food and beverages, including tea, coffee, soft drinks, soups, etc. They are coated with polyethylene, which aids in increasing durability and performance by preventing condensed moisture from soaking, spillage, leakage, etc. In line with this, paper cups offer various benefits, including cost-effectiveness, eco-friendly nature, ease of handling, enhanced convenience, etc. Consequently, they are extensively utilized across commercial establishments, such as restaurants, cafes, food joints, educational institutions, etc.
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Paper Cups Market Growth and Development:
The growing consumer environmental concerns are among the key factors stimulating the paper cups market. Moreover, the escalating demand for online food delivery platforms, on account of the hectic lifestyles and busy schedules of the working population, the inflating disposable income levels of individuals, and continuous product innovations are acting as significant growth-inducing factors. Besides this, the increasing focus on sustainable development is propelling users to use paper-based alternatives over plastic disposables, which is positively influencing the global market. Furthermore, the implementation of stringent regulations by government bodies to impose a ban on plastics and reduce carbon emissions and the widespread adoption of paper cups, as they are exposed to high heat during the manufacturing process, which kills bacteria and renders the product practically sterile, are also propelling the market growth. Apart from this, the rising usage of these cups in hotels, restaurants, and cafes (HoReCa) for dine-in serving and takeaway purposes and the emerging trend of takeaway services and ready-to-eat food are anticipated to fuel the paper cups market over the forecasted period.
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Paper Cups Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the paper cups market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Benders Paper Cups
- Huhtamaki
- International Paper
- Dart Container
- Go-Pak
Key Market Segmentation:
The report has segmented the global paper cups market on the basis of cup type, wall type, application, end-user, distribution channel and region.
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
- Others
Breakup by End User:
- Coffee and Tea Shops
- QSR and Other Fast Food Shops
- Offices and Educational Institutions
- Residential Use
- Others
Breakup by Distribution Channel:
- Institutional Sales
- Retail Sales
Regional Insights:
- Asia-Pacific
- North America
- Europe
- South America
- Middle East and Africa
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- 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.
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