According to the recent report by IMARC Group, titled “Paper Cups Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global paper cups market size reached around 244.7 Billion Units in 2020. Paper cups refer to throwaway cups that are extensively used to serve food and beverages like noodles, sweet corn, soups, tea, coffee, and soft drinks. These cups are usually coated with a layer of leak-resistant wax or plastic resin in order to offer sturdiness and durability. Moreover, they retain the moisture of the ingredients and prevent any leakage. Paper cups are biodegradable in nature, due to which they have replaced Styrofoam cups across various establishments like bakeries, hospitals, offices, cafes, markets, and schools. Hectic routines and increasing purchasing power of the masses have driven the trend of on-the-go coffee culture, ready-to-eat foods, and takeaway services.
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 Market Trends:
The rising environmental concerns have decreased the sales of plastic cups due to their non-biodegradable nature. In confluence with this, governments of several countries have banned the usage of single-use plastic cups, thereby creating a favorable market for paper cups. Additionally, many established players are taking initiatives to accelerate the recycling rates of plastic-lined paper cups by improving the existing recycling infrastructure. For instance, the Alliance for Beverage Cartons and the Environment (ACE UK) is an agreement between numerous companies, including Costa Coffee, McDonald's, and Starbucks, aiming to offer numerous recycling points in the United Kingdom. It also facilities the reprocessing of paper cup waste into shopping bags by teaming up with multiple waste management firms. Furthermore, manufacturers have introduced biodegradable cups with waterproof linings of bioplastics obtained from potatoes, corn, and sugarcane, which is expected to fuel the market growth. On account of these factors, the market is expected to experience moderate growth during the forecast period (2021-2026).
- Based on the product type, hot paper cups represent the most preferred type, followed by cold paper cups.
- On the basis of the wall type, the market has been divided into single, double, and triple walls. Among these, single-wall paper cups account for the majority of the total market share.
- Based on the application, the market has been categorized into tea and coffee; chilled food and beverages; and others. Currently, paper cups are extensively used to serve tea and coffee.
- On the basis of the end user, the market has been segmented into residential use; coffee and tea shops; offices and educational institutions; QSR and other fast-food shops; and others.
- Based on the distribution channel, the market has bifurcated into retail and institutional sales, wherein institutional sales exhibit a clean dominance.
- Region-wise, Asia Pacific is the leading market for paper cups. Other major regions include North America, the Middle East and Africa, Europe, and South America.
- The competitive landscape of the market has been analyzed in the report, with some of the key players being International Paper Company, Dart Container Corporation, F Bender Limited, Huhtamäki Oyj, and Go-Pak Group.
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