Paper cups and paper plates are made from paper-based materials and are often coated or lined with plastic or wax to prevent the fluid from soaking through the paper. They have been in use for decades in the consumption of food and beverages like tea, coffee, soft drinks, instant noodles, sweet corn, etc. Currently, there is a wide variety of different paper cups and plates available in the market which varies in size, form and texture. According to the latest report by IMARC Group, titled “Paper Cups and Paper Plates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global paper cups and paper plates market reached a value of more than US$ 104 Billion in 2017.
On account of their light-weight, cost-effectiveness, biodegradability, and ability to provide air resistance, internal strength and stiffness, paper cups and paper plates are extensively used in the food and beverage industry. Moreover, the rising influence of westernisation and the increasing fast food consumption have been witnessed, particularly in the developing regions. Thus, the flourishing fast food sector which requires paper disposables for packing food and beverages is anticipated to propel the market growth during the forecast period. Apart from this, manufacturers are also coming up with new strategies, such as advanced substrate technology, so as to prevent contamination of packaged food items by grease and oxygen. This is projected to further augment the demand for paper cups and paper plates globally. Looking forward, the market is expected to reach a value exceeding US$ 117 Billion by 2023, exhibiting a CAGR of more than 2% during 2018-2023.
The report has segmented the global paper cups and paper plates market on the basis of type. Paper cups represent the largest type, accounting for the majority of the total share. The market is also segmented on a regional basis, covering Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Amongst these, Asia-Pacific dominates the market, followed by North America. An analysis of the competitive landscape provides the details of the key players operative in the market. Some of the major players are Dart Container, Huhtamaki, Pactiv LLC, Letica Corporation and Georgia Pacific.
This report provides a deep insight into the global paper cups and paper plates industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a paper cups manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the paper cups and paper plates industry in any manner.
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