The global paper cups market size reached US$ 6.8 billion in 2023. The market is projected to reach US$ 9.0 billion by 2032, exhibiting a growth rate (CAGR) of 3.15% during 2023-2032. The rising awareness about sanitation and overall hygiene maintenance, increasing number of fast food chains and quick service restaurants (QSRs) offering home delivery and takeaway options, and the growing environmental awareness among the masses represent some of the key factors driving the market.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with a number of small and large players operating in the industry due to low capital investments and barriers to entering the market. The volume of new entrants is high in the paper cups industry due to the presence of a large number of players, minimum capital investments, and easy access to distribution networks.
2. What is the expected growth rate of the global paper cups market during 2024-2032?
3. What are the key factors driving the global paper cups market?
4. What has been the impact of COVID-19 on the global paper cups market?
5. What is the breakup of the global paper cups market based on the cup type?
6. What is the breakup of the global paper cups market based on the wall type?
7. What is the breakup of the global paper cups market based on the application?
8. What is the breakup of the global paper cups market based on the end user?
9. What is the breakup of the global paper cups market based on the distribution channel?
10. What are the key regions in the global paper cups market?
11. Who are the key players/companies in the global paper cups market?
The Rising Awareness About Sanitation and Hygiene Maintenance Augmenting the Market Growth
The paper cups market has been experiencing continuous growth. Sanitation and hygiene currently represent one of the primary drivers resulting in the increasing sales of disposable paper cups. These cups are exposed to extreme amounts of heat during the manufacturing process, which effectively kills bacteria and makes the product significantly sterile. In addition, individuals are aware that reusable cups can expose them to various harmful microorganisms responsible for causing chronic diseases. Hence, they prefer disposable or single-use cups over reusable ones, despite the high costs of the former ones.Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with a number of small and large players operating in the industry due to low capital investments and barriers to entering the market. The volume of new entrants is high in the paper cups industry due to the presence of a large number of players, minimum capital investments, and easy access to distribution networks.
- What are Paper Cups?
COVID-19 Impact:
The COVID-19 pandemic outbreak has caused a severe problem for the paper cups industry and imposed unprecedented challenges on numerous countries. It has also created a serious disturbance in the packaging sector and hampered the supply chains, which resulted in shortages and increments in the price of raw materials. This caused a significant drop in the production of paper cups and order delays for the packaging companies. Moreover, the shutting down of quick service restaurants (QSRs) and food service segments has led to a decline in the demand for paper cups. In addition, the rising awareness about the benefits of utilizing plastic cups by the Plastics Industry Association further influenced consumers to use plastic cups in order to prevent the spread of the coronavirus disease. Besides this, food service businesses were opting for more sustainable packaging options, such as fiber-based, compostable, recyclable, and reusable cups, which limited the growth of the market.Paper Cups Market Trends
At present, the increasing demand for disposable paper cups, as they are convenient and cost-effective, represents one of the major factors influencing the market positively. Besides this, governing agencies of various countries are banning the utilization of plastic in manufacturing various consumer goods as they are non-biodegradable and cause plastic pollution. In addition, the rising number of fast food chains and QSRs offering home delivery and takeaway options in their outlets are propelling the growth of the market. Apart from this, key market players are manufacturing plastic-free and recyclable paper cups with a plant-based biodegradable inner coating to increase the durability and sustainability of the products. Additionally, the growing environmental awareness among the masses due to the rising occurrence of climate change and global warming is offering a favorable market outlook.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global paper cups market, along with forecasts at the global and regional levels from 2023-2032. The report has categorized the market based on cup type, wall type, application, end user, and distribution channel.Cup Type Insights:
- Cold Paper Cups
- Hot Paper Cups
Wall Type Insights:
- Single Wall
- Double Wall
- Triple Wall
Application Insights:
- Tea and Coffee
- Chilled Food and Beverage
- Other Food and Beverages
End User Insights:
- Coffee and Tea Shops
- QSR and Other Fast Food Shops
- Offices and Educational Institutions
- Residential Use
- Others
Distribution Channel Insights:
- Institutional Sales
- Retail Sales
Regional Insights:
- Asia-Pacific
- North America
- Europe
- South America
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global paper cups market. Some of the companies covered in the report include:- Benders Paper Cups
- Huhtamaki
- International Paper
- Dart Container
- Go-Pak
Key Questions Answered in This Report
1. What was the size of the global paper cups market in 2023?2. What is the expected growth rate of the global paper cups market during 2024-2032?
3. What are the key factors driving the global paper cups market?
4. What has been the impact of COVID-19 on the global paper cups market?
5. What is the breakup of the global paper cups market based on the cup type?
6. What is the breakup of the global paper cups market based on the wall type?
7. What is the breakup of the global paper cups market based on the application?
8. What is the breakup of the global paper cups market based on the end user?
9. What is the breakup of the global paper cups market based on the distribution channel?
10. What are the key regions in the global paper cups market?
11. Who are the key players/companies in the global paper cups market?
Table of Contents
1 Preface3 Executive Summary15 Loans and Financial Assistance
2 Scope and Methodology
4 Introduction
5 Global Disposable Cups Industry
6 Global Paper Cups Industry
7 Market Breakup by Region
8 Market Breakup by Cup Type
9 Market Breakup by Wall Type
10 Market Breakup by Application
11 Market Breakup by End User
12 Market Breakup by Distribution Channel
13 Paper Cups Manufacturing Process
14 Project Details, Requirements and Costs Involved
16 Project Economics
17 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Benders Paper Cups
- Huhtamaki
- International Paper
- Dart Container and Go-Pak
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 146 |
Published | January 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 6.8 Billion |
Forecasted Market Value ( USD | $ 9 Billion |
Compound Annual Growth Rate | 3.1% |
Regions Covered | Global |
No. of Companies Mentioned | 4 |