According to the latest report by IMARC Group, titled "US Paper Cups and Paper Plates Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025," the US paper cups and paper plates market size reached US$ 21.0 Billion in 2019, growing at a CAGR of 1% during 2012-2019. Paper cups and paper plates are disposables that are coated or lined with plastic or wax to prevent the soaking or leaking of liquid through the paper. These disposables are made from recycled paper that can easily be decomposed to form nutrient-rich compost. Additionally, these plates and cups are safe to use in the microwave due to which they have become a suitable choice for packing take-away food and beverages. As a result, they are widely replacing plastic and Styrofoam disposables, for serving tea, coffee, soups, sweet corn, soft drinks and instant noodles across various establishments, such as offices, schools, bakeries, cafes and hospitals.
US Paper Cups and Paper Plates Market Trends:
The market is primarily driven by increasing fast food consumption in the United States. Facilitated by busy schedules, hectic lifestyle and shifting dietary preferences, this trend has increased the sales of paper disposables in the country. Furthermore, changing lifestyle preferences and inflating per capita income levels have influenced the on-the-go coffee culture in the US. An increase in the number of coffee shops and the expansion of prominent cafes has been witnessed in the region over the past few years, which has bolstered the demand for single-use paper cups significantly. Apart from this, rising awareness among the consumers regarding the benefits of paper disposables is anticipated to create a positive outlook for the market. Moreover, growing concerns regarding hygiene and sanitation, coupled with rising environmental consciousness, has shifted the consumer inclination toward biodegradable and compostable alternatives of plastic and foam disposables. Extensive research and development (R&D) activities for the manufacturing of completely recyclable, biodegradable or compostable paper disposables made with fiber-based raw materials are projected to provide an impetus to the market growth further. On account of the aforementioned factors, the market is expected to reach a value of US$ 21.9 Billion by 2025, growing at a CAGR of 0.66% during the forecast period (2020-2025).
- US Paper Cups Market:
- On the basis of the product type, the market has been divided into hot and cold paper cups, wherein hot paper cups represent the most preferred segment.
- Based on the wall type, the single wall segment represents the largest wall type in the market, followed by the double wall.
- US Paper Plates Market:
- Based on the product type, the market has been bifurcated into heavy- and medium-duty. Among these, heavy-duty paper plates exhibit a clear dominance in the market.
- The competitive landscape of the market has been studied in the report, along with the detailed profiles of the key players operating in the market.
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