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Global Paper Cups and Paper Plates Market is Expected to Grow at a CAGR of 2.1% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global Paper Cups and Paper Plates Market Report and Forecast 2021-2026’, the global paper cups and paper plates market reached a value of USD 107.2 billion in 2020. The market is further expected to grow at a CAGR of 2.1% between 2021 and 2026 to reach a value of USD 121.5 billion by 2026.

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.

Market Analysis by Product Type, Wall Type, and Region:

  • Based on product type, the paper cups market can be divided into hot paper cups and cold paper cups. Paper plates, meanwhile, can be segmented based on product type into heavy-duty paper plates and medium-duty paper plates.
  • The wall types of paper cups can be categorised into single wall and double wall.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The rising awareness about hygiene and sanitation among the consumers is propelling the growth of the global paper cups and paper plates market.
  • Another factor catalysing the market growth is the significant growth in the travel and tourism industry, which extensively uses paper cups and paper plates.
  • The ease of use, comfort, biodegradability, and the recyclability of the paper cups and plates are aiding the growth of the market.
  • The rapid growth in the global population and steady demand from developing economies is also supporting the market development.
  • The government of several countries has prohibited the use of plastic cups while promoting the use of eco-friendly goods to minimise environmental damage, which is further propelling the market forward.

Key Offerings of the Report:

  • The EMR report gives an overview of the global paper cups and paper plates market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the product types, wall types, and the major regions of paper cups and paper plates.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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