Paper Cups and Paper Plates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Paper Cups and Paper Plates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A847
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Market Overview:

The global paper cups and paper plates market reached a value of US$ 112.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 128.5 Billion by 2027, exhibiting a CAGR of 2.3% during 2022-2027. 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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global paper cups and paper plates market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and wall type.

Global Paper Cups Market Breakup:

  • Product Type
    1. Hot Paper Cups
    2. Cold Paper Cups

Currently, hot paper cups exhibit a clear dominance in the market, holding the largest market share.

  • Wall Type
  1. Single Wall
  1. Double Wall

At present, double walled paper cups represent the leading segment with the majority of the market share.

Global Paper Plates Market Breakup:

  • Product Type
    1. Heavy-duty paper plates
    2. Medium-duty paper plates

Amongst these, heavy duty paper plates are the most popular product type across the globe.

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

Region-wise, Asia Pacific enjoys the leading position in the market, accounting for the largest market share.

Competitive Landscape:

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:

  • 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)
  • Go-Pak UK Ltd. [SCG Packaging (SCGP)]

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Paper Cups and Paper Plates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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