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Paper Cups Market Report 2020: Industry Trends, Growth, Share, Size, Demand and Forecast till 2025 – IMARC Group

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Paper Cups Market Report 2020: Industry Trends, Growth, Share, Size, Demand and Forecast till 2025 – IMARC Group

October 13
15:24 2020
Paper Cups Market Report 2020: Industry Trends, Growth, Share, Size, Demand and Forecast till 2025 - IMARC Group

Global Paper Cups Market to Reach 294 Billion Units by 2025, Propelled by Favorable Government Initiatives – IMARC Group
The global paper cups market is driven by the increasing usage of paper cups in takeaway services and the growing preference for biodegradable disposables.

According to the latest market research report by IMARC Group, titled “Paper Cups Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the market size reached 264 Billion Units in 2019. Looking forward, the market is projected to reach a volume of 294 Billion Units by 2025, registering a CAGR of 1.8% during 2020-2025.

Paper cups refer to disposable cups that are manufactured using bleached wood chips. A thin layer of plastic is heated and pressed over the paper made from the chips, which is then rolled to form the shape of a cup. This process of lining the cup is essential to prevent soaking or leaking of the liquid through the paper while withstanding high temperatures of the contents served in it. Alternatively, leak-resistant wax coatings are being used in the production of these cups to offer strength and sturdiness, owing to which they are widely used for serving cold beverages. Since these cups are biodegradable in nature, they are widely replacing polystyrene and Styrofoam cups for serving food and beverages across various establishments, such as offices, schools, bakeries, cafes and hospitals.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Paper Cups Market Trends:

The market is primarily driven by the emerging trend of on-the-go coffee culture, takeaway services and ready-to-eat foods, supported by inflating disposable income levels and shifting dietary preferences of the masses. Paper cups are widely gaining popularity as a more convenient and preferred choice for packing food and beverages. Disposable paper cups are manufactured in high heat environments to make them sterile and relatively hygienic, which is further contributing to their widespread preference. Governments of several countries, including France and Taiwan, have announced a ban on the use of single-use plastic disposables, which is creating a favorable outcome for the market.

Moreover, numerous organizations and established players are also taking initiatives to accelerate the recycling rates of plastic-lined paper cups, which is acting as a major growth-inducing factor. For instance, the Alliance for Beverage Cartons and the Environment (ACE UK), which is an agreement between numerous companies, including Costa Coffee, McDonald’s and Starbucks, aims to improve the existing recycling infrastructure by offering numerous recycling points located across the country. It also facilities the reprocessing of paper cup waste into shopping bags by teaming up with multiple waste management firms. 

Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/request?type=report&id=632&flag=B

Market Summary:

On the basis of the product type, the market is bifurcated into cold and hot paper cups, wherein hot paper cups represent the most preferred product type.

Based on the wall type, the market is classified into single, double and triple walled paper cups. Among these, single walled paper cups exhibit a clear dominance in the market.

On the basis of the application, the market is categorized into tea and coffee, chilled food and beverages, and others. At present, tea and coffee account for the majority of the total market share.

Based on the end user, the market has been divided into coffee and tea shops, quick service restaurants (QSR) and other fast food shops, offices and educational institutions, residential use and others.

On the basis of the distribution channel, the market has been segmented into institutional and retail sales, wherein institutional sales hold the dominant market share.

On the geographical front, Asia Pacific holds the leading position in the market. Some of the other regions include North America, Europe, South America, and Middle East and Africa.

The competitive landscape of the industry has been examined in the report with the detailed profiles of the key players operating in the market. Some of these players include F Bender Limited, Huhtamäki Oyj, International Paper Company (NYSE: IP), Dart Container Corporation and Go-Pak Group.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/paper-cups-manufacturing-plant

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Browse related reports:

https://www.supermarketresearch.com/2020/01/31/plastic-caps-and-closures-market-size-industry-report-2020-2025/

 

https://www.marketwatch.com/press-release/pet-packaging-market-2020-industry-trends-size-share-growth-covid-19-impact-analysis-demand-and-opportunities-imarc-group-2020-09-17

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