The Paper Cups Market growth is expected to reach at a CAGR of 5% during the forecast period 2021 to 2030 and projected to hit around US$ 13 billion by 2030.
Paper cups are a type of disposable cups used for consuming food and beverages such as tea, coffee, soft drinks, and soups. These cups are coated with polyethylene, the most common plastic resin, which helps to increase their durability and performance by preventing the condensed moisture from soaking in and retaining flavour. With their hectic lifestyles and busy schedules, consumers nowadays utilize paper cups to save time and effort as these cups do not require cleaning and can be easily discarded after use. The demand for paper cups has also been influenced by the rising trend of takeaway services and ready-to-eat food across the globe.
Cups made from paper are included under this study. Such paper cups are gaining momentum owing to ban on plastic disposable cups in various countries. Nowadays, biodegradable paper cups are also introduced that are improving the market attractiveness.
The environmental damage caused by plastic cups has led various organizations to encourage the utilization of paper cups due to their eco-friendly nature, which has created a positive impact on the global paper cups market. Moreover, on account of increasing awareness about cleanliness and hygiene, consumers consider disposable paper cups to be safer than reusable cups, as they are exposed to high heat during the manufacturing process which kills bacteria and renders the product practically sterile. However, the availability of cheaper substitutes, such as plastic, Styrofoam and glass cups, pose a major threat to the sales of paper cups across the globe. Looking forward, VRR expects the global paper cups market to exhibit its moderate growth during the next five years.
In terms of regions, Asia-Pacific is estimated to contribute for the largest market share over the forecast period. The Asia-Pacific market is expected to grow with a lucrative CAGR due to growing disposable incomes and rising urbanization coupled with huge demand for coffee and tea in the region. North America is expected to account for a significant market share owing to ban on single use plastics for disposable cups.
Market Analysis by Types, Applications, and Regions:
Emergence of Bio-Degradable Paper Cups is Expected to Drive Market Expansion
Conventional paper cups are coated with Low-Density Polyethylene (LDPE) that is used for paper coating due to its high resistance to water and grease. These cups are suitable for being used in cups to carry juice, hot beverages, dairy and soft drinks. However, the difficulty of industrially decomposing synthetic polymer-coated paper cups has led to the rise of biodegradable cups with comparable performance.
Poly Lactic Acid, a biobased thermoplastic polymer derived from renewable resources, is used in the lining of bio-degradable paper cups. The two major advantages for PLA coated cups are – they do not require an additional step in recycling to separate the PE from the paper. When the recycling process is undertaken, PLA does not interfere with the process.
Eden Springs recently introduced a fully compostable and biodegradable plant-based water cup, that can be used for both cold and hot beverage. Lavazza Professional introduced KLIX Eco Cup, a new recyclable and biodegradable product.
However, the cost of PLA is higher as compared to synthetic plastics like LDPE, thus making it the primary restraining factor in its widescale use. This is expected to slow down the adoption of PLA coated cups as a majority of the end-user segments are small units with limited capital.
Key Findings of the Report:
Scope of the Report
A paper cup is a disposable cup that is lined or coated with synthetic or bioplastic polymers to prevent liquid from soaking through the paper. Single Coated Paper Cups are used for hot beverages while Double Coated Paper Cups are used for chilled beverages. Polyethylene and Polylactic acid are used for coating paper cups.
Huhtamaki Oyj, Westrock Company, Georgia-Pacific LLC, Dart Container Corporation, Genpak LLC, Nippon Paper Industries Co., Ltd., Pactiv LLC., Lollicup USA, Inc., Coveris Holding S.A., and International Paper Company.
|Market Size||US$ 13 Billion by 2030|
|Growth Rate||CAGR of 5% From 2021 to 2030|
|Historic Data||2017 to 2020|
|Forecast Period||2021 to 2030|
|Segments Covered||Cup Capacity, Cup Type, Sales Channel, End User|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)|
|Companies Mentioned||Huhtamaki Oyj, Westrock Company, Georgia-Pacific LLC, Dart Container Corporation, Genpak LLC, Nippon Paper Industries Co., Ltd., Pactiv LLC., Lollicup USA, Inc., Coveris Holding S.A., and International Paper Company.|
The Paper Cups market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Paper Cups market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Paper Cups market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Paper Cups market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Paper Cups market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Paper Cups capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Paper Cups by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Paper Cups market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Paper Cups market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Paper Cups market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Paper Cups industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Paper Cups market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Paper Cups market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Paper Cups market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Paper Cups market. These factors have benefited the growth of the global market for Paper Cups. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Paper Cups. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Paper Cups are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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