International Paper: Global Paper Cups Market Overview 2017, Demand By Regions, Type, Application and Forecast To 2022
The global paper cups market has witnessed a steady growth over the past several years. This can be accredited to the thriving quick service restaurants (QSR) sector, growing health and hygiene concerns, and convenience offered by paper cups.
According to the latest report by IMARC Group, entitled “Paper Cups Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global paper cups market reached a volume of 250 Billion units in 2016, growing at a CAGR of 3% during 2009-2016. Made from paper-based materials and coated with plastic or wax, disposable paper cups are extensively used all over the world to serve food and beverages like tea, coffee, soft drinks, etc. The plastic or wax coating prevents the paper from getting soggy and reduces chances of leakage. Commercially, paper cups are coated with polyethylene, the most common plastic resin, to make it liquid resistant, increase its durability and performance, and retain moisture and flavor.
Highlights of the global paper cups market:
Sanitation and hygiene concerns represent the key growth-inducing factors of the global paper cups market.
Cold paper cups are the most popular product type.
Asia Pacific is the leading market for paper cups, holding the largest share globally.
The global paper cups market is driven by growing awareness about hygiene and sanitation across the world. Since paper cups are disposable, being only used once, they remain the preferred choice of most consumers. They also serve an indispensable function in offices, hospitals, large scale organizations and other institutions. Additionally, the market has experienced a continuous demand from the fast food industry which is highly dependent on disposable paper cups. Moreover, owing to the increasing environmental damage caused by plastic and foam cups, governments across various nations have formulated policies supporting the use of paper cups, thereby, facilitating the market growth. Despite the numerous driving forces, the market is restrained by availability of substitutes, disposal issue, presence of a large number of small manufacturers and intense competition. However, the market is expected to reach a volume of 266 Billion Units by 2022.
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The global paper cups market is segmented on the basis of type, including cold paper cups, polystyrene foam cups, plastic cups and hot paper cups, wherein cold paper cups dominate the market, accounting for more than a third of the total share. On the basis of application, tea and coffee represent the largest segment, followed by other food and beverage, and chilled food and beverage. Region-wise, Asia-Pacific represents the largest market of paper cups, accounting for a third of the total share. Other major regions include North America, South America, Europe, and Middle East and Africa. On analyzing the competitive landscape, it is found that Benders Paper Cups, Huhtamaki, International Paper, Dart Container, Dixie and Go-Pak are the key players operative in the market.
The report by IMARC Group has examined the global paper cups market on the basis of:
Cold Paper Cups
Polystyrene Foam Cups
Hot Paper Cups
Tea and Coffee
Chilled Food and Beverage
Other Food and Beverage
Middle East and Africa
Benders Paper Cups
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