According to IMARC Group’s latest report, titled “Paper Cups and Paper Plates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027″, offers a comprehensive analysis of the industry, which comprises insights on the paper cups and paper plates market share.
The global paper cups and paper plates market size reached US$ 112.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 128.5 Billion by 2027, exhibiting a CAGR of 2.3% during 2022-2027. Paper cups and paper plates are single-use, eco-friendly, disposable containers that are made from various paper-based materials. These products are coated or lined with low-density polyethylene or wax that helps prevent leakage, thus enhancing durability and maintaining product quality. Apart from this, paper cups and paper plates are cost-effective, lightweight, convenient to use, durable, leakproof, recyclable, biodegradable, and hygienic. Consequently, they are extensively used across restaurants, educational institutions, and commercial complexes in varying sizes and designs to serve various food items and beverages, including tea, coffee, and soda.
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Paper Cups and Paper Plates Market Trends:
The rising consciousness regarding hygiene and sanitation among consumers represents the primary factor driving the market growth. Paper cups and plates are biodegradable and usually take less time to decompose than their plastic variants due to which they are rapidly gaining traction across the globe. In addition, with the growing environmental concerns, governments of various countries are taking favorable initiatives, such as the implementation of the ban on single-use plastics to promote the adoption of eco-friendly products. Along with this, the increasing fast-food consumption and the emerging on-the-go coffee culture due to hectic lifestyles and inflating consumer disposable incomes have accelerated the adoption of paper cups and plates for serving snacks and beverages. Furthermore, the shifting focus toward sustainable development has prompted prominent brands like Starbucks to replace plastic packaging with paper cups and paper plates. Besides this, the development of 100% recyclable or compostable paper disposables manufactured using fiber-based raw materials with enhanced features, such as heat resistance for oven applications, has catalyzed the market growth. Other factors, including the expanding travel and tourism industry, surging penetration of quick-service restaurants and coffee chains, rising westernization, rapid urbanization, and product innovations, are also creating a favorable market outlook.
Paper Cups and Paper Plates Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the paper cups and paper plates 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:
- Huhtamäki Oyj
- Benders Paper Cup Company
- The International Paper Company
- Dart Container Corporation
- Go-Pak UK Ltd.
Key Market Segmentation:
The report has segmented the global paper cups and paper plates market on the basis of product type, wall type and region.
Global Paper Cups Market Breakup:
- Product Type
- Hot Paper Cups
- Cold Paper Cups
- Wall Type
1 Single Wall
2 Double Wall
Global Paper Plates Market Breakup:
- Product Type
- Heavy-duty paper plates
- Medium-duty paper plates
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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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 (2016-2021)
- Market Outlook (2022-2027)
- 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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