The latest report by IMARC Group, titled “Paper Cups and Paper Plates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” finds that the global paper cups and paper plates market size reached US$ 112.8 Billion in 2021. Paper cups and paper plates refer to single-use, disposable containers used to serve foods and beverages, such as tea, coffee, and instant noodles. They are generally lined or coated with wax or plastic to prevent liquid from soaking or leaking through the paper. They are lightweight, recyclable, leakproof, hygienic, biodegradable, and thus more eco-friendly than their plastic or Styrofoam counterparts. They also offer convenience, durability, cost-effectiveness, and the ability to prevent the transfer of germs. As a result, paper cups and paper plates are widely utilized across commercial and institutional establishments, including cafes, schools, offices, hospitals, and other public spaces.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global 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. Looking forward, the market value is anticipated to reach US$ 128.5 Billion by 2027, growing at a CAGR of 2.3% during the forecast period (2022-2027).
- Based on the product type, the paper cups market has been bifurcated into hot and cold paper cups, wherein hot paper cups exhibit a clear dominance in the market. On the other hand, the paper plates market has been divided based on the product type into heavy-duty and medium-duty paper plates. Amongst these, heavy-duty paper plates account for the majority of the market share.
- On the basis of the wall type, the paper cups market has been classified as single and double wall. At present, double-walled paper cups represent the largest market segment.
- Region-wise, Asia Pacific holds the leading position in the market. Other major regions include North America, Europe, Middle East and Africa, and Latin America.
- The competitive landscape of the market has also been examined, with some of the key players being International Paper Company, Dart Container Corporation, Solo Cup Company LLC (Dart Container Corporation), Dixie Consumer Products LLC (Georgia-Pacific LLC), Hefty (Reynolds Consumer Products LLC), Huhtamäki Oyj, F Bender Limited (Flo, Nupik and Dopla), and Go-Pak UK Ltd. [SCG Packaging (SCGP)].
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