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The global paper cups and paper plates market reached a value of US$ 114.6 Billion in 2020. Looking forward, IMARC Group expects the market to reach a value of US$ 126.8 Billion by 2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end-use industries. These insights are included in the report as a major market contributor.
Paper cups and paper plates are made from paper-based materials and are often coated or lined with plastic or wax to prevent the contents from soaking through the paper. As consumers are nowadays becoming more sanitation and hygiene conscious, they prefer disposables over the reusable utensils. They are extensively used for serving food and beverages like tea, coffee, soft drinks, instant noodles and sweet corn. Currently, there is a wide variety of different paper cups and plates available in the market, which vary in size, form and texture.
On account of their lightweight, cost-effectiveness, biodegradability, and ability to provide air resistance, internal strength and stiffness, paper cups and paper plates are extensively being utilized in the food and beverage industry. Also, they do not require cleaning and can be easily discarded after use. Apart from this, there has been a rise in the influence of westernization and increasing fast food consumption in developing regions. This has led to an escalated demand for paper disposables for packing food and beverages. Besides this, paper cups and plates are significantly more biodegradable as compared to plastic and foam counterparts and tend to take lesser time to get decomposed. Moreover, manufacturers are also coming up with new strategies, such as advanced substrate technology, to prevent the contamination of packaged food items by grease and oxygen. This is projected to further augment the demand for paper cups and paper plates globally.
IMARC Group provides an analysis of the key trends in each sub-segment of the global paper cups and paper plates market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on product type and wall type.
Global Paper Cups Market Breakup:
Currently, hot paper cups exhibit a clear dominance in the market, holding the largest market share.
At present, single walled paper cups represent the leading segment with the majority of the market share.
Global Paper Plates Market Breakup:
Amongst these, heavy duty paper plates are the most popular product type across the globe.
Region-wise, Asia Pacific enjoys the leading position in the market, accounting for the largest market share.
The market is highly fragmented in nature with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
The global paper cups and paper plates market was valued at US$ 114.6 Billion in 2020.
The rising adoption of paper cups and paper plates based on its numerous benefits, such as lightweight, cost-effectiveness, biodegradability, internal strength, stiffness, etc., is primarily catalyzing the global paper cups and paper plates market.
Sudden outbreak of the COVID-19 pandemic has led to an increasing utilization of disposable paper cups and paper plates across numerous food service channels for reducing the risk of coronavirus infection through reusable cutlery.
Based on the product type, the global paper cups market can be segregated into hot paper cups and cold paper cups. Currently, hot paper cups exhibit a clear dominance in the market.
Based on the wall type, the global paper cups market has been bifurcated into single wall and double wall, where single walled paper cups currently hold the largest market share.
Based on the product type, the global paper plates market can be categorized into heavy-duty paper plates and medium-duty paper plates. Currently, heavy duty paper plates account for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global paper cups and paper plates market include Huhtamäki Oyj, Benders Paper Cup Company, The International Paper Company, Dart Container Corporation, and Go-Pak UK Ltd.
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