Paper Cups Market

Paper Cups Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Paper Cups Market grew at a CAGR of 4.3% between 2017-2021 and is estimated to be US$ 6,345.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.9% and is expected to reach a valuation of US$ 10,238.3 Mn by 2032 end.

The trend of utilizing environmentally friendly and biodegradable items is increasing as more people worldwide become conscious of environmental issues. Nowadays, it’s common to see people prefer paper cups to ones made with plastic components.

Due to this customer trend, businesses like quick-service restaurants, cafeterias, and other catering service providers use paper cups. In addition, the busy lifestyle of a significant portion of the global population is driving up demand for products that are simple to use, like paper cups.

Market Dynamic

RISE IN THE NUMBER OF COMMERCIAL AND INSTITUTIONAL AREA IS DRIVING THE MARKET

Growing numbers of businesses and organizations in developing nations are a major factor in the market’s expansion for paper cups. In the following years, the market expansion for paper cups is anticipated to be driven by an overview of compostable and biodegradable paper cups.

WHITINING CHEMICALS ARE CAPABLE OF MODIFYING CELLS, WHICH IS DAMAGING TO THE HUMAN BODY

Some industrialists or manufacturers add a significant amount of fluorescent whitener to the cup to make it appear whiter. The ability of these whiting compounds to change cells is harmful to the human body. Additionally, a lack of quality standards could soon impede industry expansion. These main market inhibitors will slow the market’s expansion rate.

INCREASING THE USE OF ORGANIC COMPONENTS IN PAPER CUPS

Manufacturers of paper cups have been focusing on product innovation and growth by implementing sustainable manufacturing techniques to address the need for disposable paper cups that are entirely biodegradable and environmentally friendly. A market opportunity is a rising demand from cafeterias, quick service restaurants, and other catering service providers for biodegradable paper cups.

Market Segments Covered in Report

By Cup Capacity:

• Up to 150 ml
• 151 to 350 ml
• 351 to 500 ml
• Above 500 ml

By Cup Type:

• Cold Beverage Cups
• Hot Beverage Cups

By Sales Channel:

• Supermarkets
• Distributors
• Departmental Stores
• Online Sales

By End-User:

• Foodservice
• Institutional
• Households

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why are hot beverage paper cups in high demand?

Sales of hot beverage paper cups are being driven by an increase in demand for coffee and tea worldwide, as well as the low cost and high efficacy of paper cups. The consumption of tea and coffee is expected to increase during the next few years.

The rising trend of tea consumption in Asia will also become a key development factor. According to the Tea Board of India, nearly 88.1% of Indian families have reported drinking tea. In addition, the growing demand for tea and coffee in China and numerous European nations will drive sales in this sector.

Who are the major key paper cups end users during the forecast period?

The food service industry is anticipated to continue becoming a major consumer of paper cups. Through the projection period, the food service industry’s emphasis on reducing its environmental impact and adopting more ecologically friendly packaging options will continue to support demand for paper cups.

Why are 150ml to 350-ml capacity paper cups experiencing high demand?

Packaged beverages are now supplied in a 150 ml to 350 ml capacity range due to rising health consciousness among customers and an emphasis on monitoring their sugar intake. Sales of paper cups between 150 and 350 milliliters will increase as the beverage industry grows, providing prospects for market expansion.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of 24.6%, North America is anticipated to expand at a sustainable rate throughout the forecast period. The main drivers of the growth of the paper cups market in North America are the rising awareness of clean eating practices, rising concern for environmental issues, and increasing on-the-go consumption of beverages such as cold coffee, juices, and carbonated drinks.
• The usage of biodegradable cold and hot beverage cups is being promoted by top coffee and tea shops in China to lessen their carbon impact. A favorable atmosphere for the market expansion of paper cups has been created in China by rising tea and coffee consumption and increased awareness of plastic’s negative environmental consequences.

Competition Analysis

These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for chlorinated solvents in the worldwide industry, market players in the chlorinated solvents market can anticipate attractive growth prospects in the future.

Some of the key developments that have taken place in the Paper Cups Market include:

• In June 2021, a company of Nippon Paper In Elopak ASA’s initial public offering on the Oslo Brs, Ltd purchased a sizable portion of the firm. Elopak ASA is a liquid paper packaging business with headquarters in Norway.
• In April 2021, a pioneering line of plantable paper cups was introduced in Poland by the startup company Picup. The cups are entirely biodegradable and have tea and coffee seeds at the bottom, allowing for planting trees once the drink has been consumed.

A list of some of the key suppliers present in the market are:

• International Paper Company
• Huhtamaki Oyj
• Dart Container Corporation
• Benders Paper Cups
• Konie Cups International
• Eco-Products Inc.
• Kap Cones Pvt. Ltd.
• DongyangKangbao Paper Cups Co. Ltd.
• Phoenix Packaging Operations, LLC.
• Shanghai Xinyu Paper Cup Co. Ltd.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.