Market Research Report
Paper Cups - Global Market Outlook (2019 -2027)
|Paper Cups - Global Market Outlook (2019 -2027)|
Published: August 1, 2020
Stratistics Market Research Consulting
Content info: 184 Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Paper Cups Market is growing at a CAGR of 4.5% during 2019-2027. The market is majorly driven by the robustly growing food and beverage industry, especially in the emerging economies, and increasing demand for 'On-the-go' cups. However, recyclability issues with conventional paper cups are hampering the growth of the market.
Papers cups are disposable cups made out of paper and are widely used all over the globe to serve food and beverages like tea, soft drinks, coffee, etc. They are coated or lined with plastic or wax to prevent the cup from any leakage or becoming soggy. Commercially, paper cups are coated with polyethylene to raise its strength and performance by making it liquid resistant.
Based on the application, the tea and coffee segment is going to have a lucrative growth during the forecast period due to InсrеаsIng соnsumрtIоn оf соffее bу mа?оrItу оf рорulаtIоn, соuрlеd wIth InсrеаsIng соffее shорs аnd rеtаIl оutlеts асrоss thе glоbе.
By geography, the Asia Pacific is estimated to have a lucrative growth due to expansion in per-capita incomes along with growing urbanization. Besides, the ban on single-use plastics is expected to drive the growth in the use of paper cups in the region.
Some of the key players profiled in the Paper Cups Market include Go-Pak, Benders Paper Cups, Georgia Pacific LLC (Koch Industries, Inc.), Nippon Paper Industries Co., Lollicup USA, Inc., Genpak LLC (Great Pacific Enterprises, Inc.), Dart Container Corporation, Konie Cups International Inc.,Huhtamaki OYJ, Kap Cones Private Limited, Eco-Products, Inc. (Waddington North America), Phoenix Packaging Operations, LLC, Shanghai Xinyu Paper Cup Co., Ltd., DONGYANG KANGBAO Paper Cups CO., Ltd (Alibaba), and International Paper Company.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.