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According to the latest report by IMARC Group, titled "Paper Cups Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global paper cups market reached a volume of 260.2 Billion Units in 2021. Paper cups refer to disposables that are used by individuals for serving food and beverages. They are generally manufactured using papers that are usually coated with wax to prevent spillage or leakage of the contained items. They are gaining prominence among the masses, especially the working population, due to their eco-friendly nature, cost-efficiency, ease in handling and enhanced convenience. As a result, they are extensively utilized across commercial establishments, such as food joints, restaurants, and cafes and educational institutions primarily for dine-in serving and takeaway purposes.
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 global market is primarily driven by the increasing environmental concerns among the masses. This, coupled with an enhanced focus on sustainable development, has impelled individuals to substitute plastic disposables with paper-based alternatives. Additionally, several initiatives undertaken by the governments of numerous countries to impose plastic bans are also impacting the market favorably. Moreover, the proliferation of fast-food joints and coffee shops across the globe is creating a positive outlook for the market. In line with this, continuous improvements in online food delivery platforms, along with the availability of high-speed internet connectivity, are providing a boost to the market growth. The market is further driven by the changing lifestyle patterns of individuals and the inflating disposable income levels. Furthermore, significant growth in the food and beverages and travel and tourism sectors is positively influencing the market growth across the globe. Other factors, including rapid urbanization and continuous product innovations, are further projected to drive the market growth. On account of the aforementioned factors, the market is anticipated to reach a volume of 280.8 Billion Units by 2027, exhibiting a CAGR of 1.27% growth during 2022-2027.
Market Summary:
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