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Paper Cups Market Size is Forecasted to Reach USD 9.2 Billion by 2030 Says Precedence Research

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The paper cups market demand stood at 5.5 billion in 2020 and is forecast to reach 9.2 billion by 2030, growing at a healthy CAGR of 4.4% until FY2030, according to a 2021 study by Precedence Research, the Canada-based market Insight Company.

The report contains 150+ pages with detailed analysis and it is analyzed on the basis of value (US$ Million), volume (Unit), and price (US$/Unit).

Download Free Sample Copy with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1310

Market Report Scope

Report Highlights Details
Market Size in 2020 US$ 5.5 Billion
Growth Rate CAGR of 4.4% from 2021 to 2030
Market Size USD 9.2 Billion by 2030
Largest Market Asia Pacific
Fastest Growing Market North America
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Type, Wall Type, End User, Region

The paper cups are made of cardboard and are disposable in nature. The paper cups are extensively used for the packaging and serving hot and cold beverages across the globe. The paper cups have a low-density polyethylene coating that helps to retain the original taste and aroma of the beverage. The rising concerns regarding the plastic wastes accumulation is a major factor that propels the demand for the paper cups across the global market. Moreover, the rising penetration of quick services restaurants along with the rising demand for the home deliveries is boosting the adoption of paper cups. The changing consumption habits, rising urban population and busy and hectic schedule of the consumers are driving the growth of the global paper cups market.

Crucial factors accountable for market growth are:

  • Rising penetration of coffee chains and quick service restaurants
  • Changing lifestyle of the consumers
  • Busy and hectic schedule of the consumers
  • Rising penetration of home delivery platforms
  • Rapidly growing food and beverages industry
  • Increasing government initiatives to reduces plastic wastes
  • Rising consumer awareness regarding health and hygiene
  • Development of organic, compostable, and bio-degradable paper cups

Report Highlights

  • By type, the cold paper cups segment is estimated to be the most opportunistic market owing to the rising demand and consumption of soft drinks in the major Asia countries like India. The Varun Beverages forecasted the consumption of soft drinks to be doubled in 2021 from 2019.
  • By wall type, the double walled segment dominated the market in 2020. This is attributed to the double wall used in the paper cup that facilitates comfortable grip to the consumers while serving hot temperature drinks like hot chocolate, tea, and coffee. The increased consumption of hot beverages in the large market like Asia Pacific has significantly contributed to the segment growth.
  • By end-user, the institution segment is expected to grow at the fastest rate owing to the rising development of various institutions like schools and colleges in the underdeveloped and developing nations. Paper cups are extensively used for serving drinkable water and other beverages to the students in the institutions.

Market Dynamics

Drivers – The rising number of institutions and commercial spaces in the developing regions is a significant driver of the paper cups market growth. The introduction of compostable and bio-degradable paper cups is expected to drive the market growth in the upcoming years.

Restraints – Availability of plastic cups at a cheaper price than the paper cups is a major restraining factor that discourages the small beverage vendors to adopt paper cups. Further the single use feature of the paper cups is a major restraining factor. The paper cups require a huge energy for manufacturing and it is disposed only after a single use.

Opportunities – The rising popularity of organic paper cup is gaining rapid traction in the developed markets like Europe. The increased consumer awareness regarding health and hygiene and environmental issues is expected to drive the demand for the organic paper cups in the forthcoming years.

Regional Snapshots

Based on the region, the Asia Pacific was the dominating paper cups market in 2020. The Asia Pacific region is the home to the largest global population that gradually fosters the demand for the various food and beverages products among the population. Further, the increased consumption of hot beverages like tea and coffee is positively impacting the consumption of paper cups in the region. The rising penetration of coffee chains like Starbucks is boosting the paper cups consumption in the region. The revenues of the Starbucks quadrupled in the Asia Pacific region in the past decade. The consumption of soft drinks is estimated to rise in the region. According to Varun Beverages, bottling partner of PepsiCo in India, the consumption of soft drinks is estimated to be doubled by the end of 2021 as compared to the consumption in the year 2019. Hence, Asia Pacific is estimated to be a fastest-growing market during the forecast period.

North America is the second largest market for the paper cups. This is due to the increased penetration of fast-food chains such as Subway, KFC, and Domino’s that commonly offers soft drinks in its daily affordable meal. Furthermore, the on-the-go consumption of beverages is growing in the region owing to rise in the number of employment that leads to a busy and hectic schedule of the consumers.

Competition Landscape

In the final section of the research report, Precedence Research provided the global paper cups market structure and a detailed competition landscape to provide a dashboard view of key players operating in the paper cups market along with their business strategies to report audiences. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the market.

Some of the major players in the paper cups market include:

  • 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

Market Segmentation

By Type

  • Hot Paper Cups
  • Cold Paper Cups

By Wall Type

  • Single Walled
  • Double Walled

By End User

  • Commercial
  • Industrial
  • Household

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us recognize financial information, structure of the market participants and industry competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire based research etc.
  • In order to validate our research findings and analysis we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

Why should you invest in this report?

If you are aiming to enter the global paper cups market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for paper cups are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1310

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and End User Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Paper Cups Market, By Type

7.1. Paper Cups Market, by Type, 2021-2030

7.1.1. Hot Paper Cups

7.1.1.1. Market Revenue and Forecast (2019-2030)

7.1.2. Cold Paper Cups

7.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 8. Global Paper Cups Market, By Wall

8.1. Paper Cups Market, by Wall, 2021-2030

8.1.1. Single Walled

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Double Walled

8.1.2.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Paper Cups Market, By End User 

9.1. Paper Cups Market, by End User, 2021-2030

9.1.1. Commercial

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Industrial

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Household

9.1.3.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Paper Cups Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Type (2019-2030)

10.1.2. Market Revenue and Forecast, by Wall (2019-2030)

10.1.3. Market Revenue and Forecast, by End User (2019-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.1.4.2. Market Revenue and Forecast, by Wall (2019-2030)

10.1.4.3. Market Revenue and Forecast, by End User (2019-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Type (2019-2030)

10.1.5.2. Market Revenue and Forecast, by Wall (2019-2030)

10.1.5.3. Market Revenue and Forecast, by End User (2019-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Type (2019-2030)

10.2.2. Market Revenue and Forecast, by Wall (2019-2030)

10.2.3. Market Revenue and Forecast, by End User (2019-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.2.4.2. Market Revenue and Forecast, by Wall (2019-2030)

10.2.4.3. Market Revenue and Forecast, by End User (2019-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Type (2019-2030)

10.2.5.2. Market Revenue and Forecast, by Wall (2019-2030)

10.2.5.3. Market Revenue and Forecast, by End User (2019-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Type (2019-2030)

10.2.6.2. Market Revenue and Forecast, by Wall (2019-2030)

10.2.6.3. Market Revenue and Forecast, by End User (2019-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Type (2019-2030)

10.2.7.2. Market Revenue and Forecast, by Wall (2019-2030)

10.2.7.3. Market Revenue and Forecast, by End User (2019-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Type (2019-2030)

10.3.2. Market Revenue and Forecast, by Wall (2019-2030)

10.3.3. Market Revenue and Forecast, by End User (2019-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.3.4.2. Market Revenue and Forecast, by Wall (2019-2030)

10.3.4.3. Market Revenue and Forecast, by End User (2019-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Type (2019-2030)

10.3.5.2. Market Revenue and Forecast, by Wall (2019-2030)

10.3.5.3. Market Revenue and Forecast, by End User (2019-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Type (2019-2030)

10.3.6.2. Market Revenue and Forecast, by Wall (2019-2030)

10.3.6.3. Market Revenue and Forecast, by End User (2019-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Type (2019-2030)

10.3.7.2. Market Revenue and Forecast, by Wall (2019-2030)

10.3.7.3. Market Revenue and Forecast, by End User (2019-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.4.2. Market Revenue and Forecast, by Wall (2019-2030)

10.4.3. Market Revenue and Forecast, by End User (2019-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.4.4.2. Market Revenue and Forecast, by Wall (2019-2030)

10.4.4.3. Market Revenue and Forecast, by End User (2019-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Type (2019-2030)

10.4.5.2. Market Revenue and Forecast, by Wall (2019-2030)

10.4.5.3. Market Revenue and Forecast, by End User (2019-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Type (2019-2030)

10.4.6.2. Market Revenue and Forecast, by Wall (2019-2030)

10.4.6.3. Market Revenue and Forecast, by End User (2019-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Type (2019-2030)

10.4.7.2. Market Revenue and Forecast, by Wall (2019-2030)

10.4.7.3. Market Revenue and Forecast, by End User (2019-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Type (2019-2030)

10.5.2. Market Revenue and Forecast, by Wall (2019-2030)

10.5.3. Market Revenue and Forecast, by End User (2019-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Type (2019-2030)

10.5.4.2. Market Revenue and Forecast, by Wall (2019-2030)

10.5.4.3. Market Revenue and Forecast, by End User (2019-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Type (2019-2030)

10.5.5.2. Market Revenue and Forecast, by Wall (2019-2030)

10.5.5.3. Market Revenue and Forecast, by End User (2019-2030)

Chapter 11. Company Profiles

11.1. International Paper Company

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Huhtamaki Oyj

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Dart Container Corporation

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Benders Paper Cups

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Konie Cups International

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Eco-Products Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Kap Cones Pvt. Ltd.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. DongyangKangbao Paper Cups Co. Ltd.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Phoenix Packaging Operations, LLC.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Shanghai Xinyu Paper Cup Co. Ltd.

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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