Paper Cups Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Paper Cups Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Paper Cups Market

The paper cups market size was valued at USD 10.43 billion in 2023, and the market is now projected to grow from USD 10.91 billion in 2024 to USD 13.49 billion by 2032, exhibiting a CAGR of 2.7% during the forecast period of 2024-2032.

The need for paper cups was greatly decreased during the COVID-19 epidemic by the widespread closure of cafes, restaurants, and other food service establishments. A vast number of industries took a drastic forceful hit during the Covid period. The rise in takeout and delivery service demand, however, somewhat made up for this fall because these services frequently use paper cups and other waste containers to serve drinks. A vast number of industries took a drastic forceful hit during the Covid period. These factors affected the paper cups market growth.

One factor contributing and majorly attributing this particular product market to the rise in coffee and tea consumption outside of homes is the global expansion of coffee shops and cafes. These particular growth driving factors have been recorded to attribute the paper cups motor market share. Whether serving dine-in or takeout customers, these businesses frequently employ paper cups as their main beverage container.

To increase the amount of recycled paper material they employ in their products, paper mills have recently concentrated on constructing recycling facilities. This particular product market is driving and its revenue is off the charts because of this trend single handedly. Paper cup sales will increase if customers at restaurants and hotels choose eco-friendly drinkware instead of disposable plastic or foam-based cups in order to reduce waste from their food service operations.

Comprehensive Analysis of Paper Cups Market

Based on cups for hot and cold beverages, an analysis of the worldwide paper cup market can be carried out. Paper cups with single or multiple walls are divided into different markets according to the kind of wall. Families, quick-service restaurants (QSR), and other end-user segments make up the market.

North America is expected to be the leading region of this particular product market and is anticipated to to grow over the forecasted period and also will continue to hold the largest market share. Because food service disposables are used so frequently in restaurants and homes, the area has a substantial market share.

Moderate market fragmentation exists. In addition to spending money on R&D to manufacture items, these businesses have large production capacities. Graphic Packaging International, LLC. (U.S.), Dart Container Corporation (U.S.), Georgia-Pacific Consumer Products LP (U.S.), THE PRINTED CUP COMPANY (U.K.), and Jiangsu Yinwang New Material Technology Co., Ltd. (China) are some of the major competitors of this particular product market.

In May 2023, In order to expand its offering of technology-based packaging solutions in India, Manjushree Packtek Pvt. Ltd. purchased the sustainable paper cup packaging business Jallan Polypack in India.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 2.7% during 2024-2032

Unit Value (USD Billion)

Segmentation By Type

Hot Paper Cups

Cold Paper Cups

By Wall Type

Single Wall Paper Cups

Double Wall Paper Cups

By End-User

Households

QSR

Others

By Geography

North America

Europe

Asia Pacific

South America

Middle East & Africa


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