US Paper Cups and Paper Plates Market to Reach US$ 22.12 Billion by 2032, Supported by the Well-Established Food and Beverage Industry

January 17, 2022 | Packaging

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According to the latest report by IMARC Group, titled "US Paper Cups and Paper Plates Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the US paper cups and paper plates market reached a value of US$ 21.68 Billion in 2023. Paper cups and paper plates are eco-friendly, disposable cutlery that are made up of cardboard and other paper-based materials. They are lined with wax or plastic and an extra insulating layer to prevent leakage of the liquid through the paper. This coating aids in retaining the heat, moisture, and flavor, thereby increasing product performance and durability. In order to meet the hygiene requirements, paper cups and plates are manufactured using non-recycled materials that can easily be decomposed to form nutrient-rich compost. As compared to its Styrofoam counterpart, they are more lightweight, convenient to use, and safer. Commercially available in a variety of sizes and shapes, paper cups and plates are extensively used for serving food and beverages across several establishments.

US Paper Cups and Paper Plates Market Trends:

One of the key factors driving the US paper cups and paper plates market growth is a significant expansion in the food service sector. Additionally, increasing home delivery services of food and beverages due to the advent of online food service platforms is acting as another growth-inducing factor. In line with this, rapid establishment of cafes and quick service restaurants (QSRs) and the trend of on-the-go beverage culture are also inflating the sales of paper disposables in the country. Apart from this, increasing health awareness is encouraging consumers to adopt sanitary and hygienic products, such as paper cups and paper plates, which is catalyzing the market growth. Moreover, rising environmental concerns has prompted The Federal Government of the United States (US Federal Government) to formulate policies that ban the usage of plastic products and promote its biodegradable and compostable alternatives. This, in turn, is creating a positive outlook for the market. Besides this, manufacturers are investing considerably in research and development (R&D) activities to introduce new strategies, such as advanced substrate technology, that manipulates grease and oxygen to prevent content contamination. This is projected to drive the market toward growth further. Looking forward, the market is expected to reach a value of US$ 22.12 Billion by 2032.

Market Summary:

US Paper Cups Market:

Based on the product type, the market has been bifurcated into hot and cold paper cups. Amongst these, hot paper cups dominate the market.
On the basis of the wall type, the market has been divided into single and double wall. Currently, double wall represents the largest wall type in the market.

US Paper Plates Market:

Based on the product type, the market is dominated by heavy-duty paper plates.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion, Billion Units
Segment Coverage	Product Type, Wall Type
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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US Paper Cups and Paper Plates Market to Reach US$ 22.12 Billion by 2032, Supported by the Well-Established Food and Beverage Industry

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