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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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