According to IMARC Group, the global paper cups market reached a volume of around 316 Billion Units in 2018. The market is further projected to reach 356 Billion Units by 2024, registering a CAGR of 1.8% during 2019-2024. Paper cups are often coated with plastic resin to increase their durability, make them liquid-resistant and prevent the condensed moisture from soaking in. Consumers nowadays utilize paper cups to save time and effort as these cups do not require cleaning and can be easily discarded after use. Several manufacturers are using the latest technologies that enable them to produce lightweight, convenient, eco-friendly and recyclable paper cups.
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The profiles of a few key players operating in the global paper cups industry are provided below:
Huhtamaki was established in 1920 and is headquartered in Espoo, Finland, representing a global food packaging specialist. The company offers a diverse product portfolio including consumer goods (single-use cups, plates, cutlery, napkins, table covers); flexibles (packaging for dairy, edible fats, coffee, soups, sauces, frozen foods, detergents, tube laminate, non-food products); films (label, adhesive tape, packaging & graphic arts); and molded fiber (egg packaging, trays for fruits and vegetables, hospital disposables, etc.). Moreover, it has various manufacturing units in more than 30 countries across multiple regions such as Europe, North and South America, Africa, Middle East, Asia and Oceania.
Benders Paper Cups
Benders Paper Cups was established in 1899 and is headquartered in Wrexham, United Kingdom and employs a workforce of over 200 people. It offers a wide variety of paper cups ranging from single-wall paper cups, biodegradable disposable coffee cups to a variety of insulated paper cups, including the technically advanced super-insulated paper cups, On-The-Go disposable paper cups in various designs and custom paper cups (printed as per customers requirement). The company manufactures all its products at North Wales BRC AA Grade factory which can be recycled after use and represents the first European manufacturer to use water-based inks for such products.
International Paper Company was established in 1898 and is headquartered in Memphis, Tennessee, United States. It currently represents a global leader in packaging and paper with manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. The Company is a producer of pulp and paper and fiber-based packaging products. Besides this, the intensive research and development activities, production facilities, increasing performance of global cellulose fibers segment and strong liquidity are the major strengths of the company. However, regulatory environment, labor wages in the US and growth in usage of digital media may hamper the business operations.
Dart Container Corporation
Dart Container Corporation was established in 1937 and is headquartered in Mason, Michigan (the United States). It has several subsidiaries, including Dart Products Limited, Dart Canada, Dart Sudamericana, Brasbar Embalagens Do Brasil Ltd., Dart Cup Ltd., Dart de Mexico, and Phoenix Manufacturing Services Pty. The company currently represents one of the largest manufacturers of foam cups and containers across the world. Additionally, it distributes and manufactures food and beverage packaging products and offers foam, plastic, fusion, stock print, and custom print cups; foam, plastic, food, hinged lid, portion, two pieces, and custom print containers; foam and plastic dinnerware, as well as dome covers; and accessories, including lids, cutlery, and specialty products. Besides this, Dart has partnered with other companies and municipalities to build and operate recycling centers. The company also has business partnerships with the distributor community and operates through various distribution centers based in 14 states across the US.
Go-Pak UK was established in 2009 and is headquartered in Bristol, United Kingdom. It is one of the leading privately-owned suppliers of foodservice disposables. The company specializes in providing quality packaging solutions with a wide range of product portfolio including disposable paper cups, soup containers, plastic cutlery in a variety of styles, plastic drinking cups and straws, paper board based fast food trays and disposable wooden coffee stirrers and skewers.
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