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The global paper cups and paper plates market is majorly being driven by the increasing demand for disposable cups and plates. Asia is one of the leading regions in the global market, owing to the rising demand from the consumers. More than one-third of global paper cup consumption is currently in the Asia Pacific region. The demand for paper cups is being driven by the expansion of the paper industry in Asia and South America in particular. The use of paper has increased every year, and nearly half of its increasing usage is represented by China, the United States, and Japan. The market for paper cups and paper plates in these regions is being driven by the expansion of the fast food industry and the rising demand for on-the-go food and beverages.
In 2017, International Paper Co., a key player in the industry, announced the divestiture of its foodservice business in China to Huhtamaki Hong Kong Limited, another key player in the industry, for EUR 15 million. The foodservice included the production of paper cups, along with food containers and ice cream containers. The divestiture came as International Paper Co. was increasingly seeking to serve the Chinese and Asian market more effectively, which the company is expected to do via its Ilim joint venture in Russia and with products exported from the United States and other key markets. Such M&A activities in the industry is expected to influence the global paper cups and plates market positively in the coming years.
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The major players in the global paper cups and paper plates market are Huhtamäki Oyj, Dart Container Corporation., Graphic Packaging International, LLC, and Dixie Consumer Products LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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