The global paper cup industry is being driven by the robustly growing food and beverage industry, especially in the emerging economies. The projected GDP growth at 3.5% in the forecast period and the growing urban population is providing further impetus to the food and beverage industry growth. China, the leading food and beverage market in the Asia Pacific is expected to grow by 10.7% per annum till 2020 while the food and beverage sales in India is projected to witness an annual growth of 13.1% till 2020. The projected healthy growth of the industry in the Asia Pacific is also aiding the growth of the paper cup industry. The region is the leading market for paper cup accounting for over a third of the global paper cup consumption. The regional paper cup market is also being aided by the healthy growth of the overall paper industry in Asia due to the expansion of the sector within the continent. Currently, China and Japan, along with the US account for over half the total paper consumption, globally.
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With growing environmental concerns, major brands are promoting the recycling and sustainability of paper cups. In 2006, Starbucks developed paper cups produced using 10% post-consumer recycled fibre, which was the first such food packaging approved by the FDA (Food and Drug Administration) in the US. Major players in the paper cup industry like Go-Pak UK Ltd and F Bender Limited have partnered with various environmental platforms to promote the recycling of paper cups. F Bender also attains the raw materials for its paper cups from sustainable sources, where every tree felled to manufacture its paper cup is replaced with 3-4 saplings.
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The key players in the global paper cup market are F Bender Limited, Huhtamäki Oyj, Nippon Paper Industries Co., Ltd., The International Paper Company, Dart Container Corporation, Dixie Consumer Products LLC, and Go-Pak UK LTD, among others. The EMR report looks in-depth into their market share, capacity, and latest developments like capacity expansions, mergers and acquisitions, and plant turnarounds.
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"Global Paper Cups Market: By Type: Paper Cups, Polystyrene Foam, Plastic Cups; By Application: Tea and Coffee, Other Food & Beverages, Chilled Food & Beverages; By Region: North America, Europe, Asia Pacific, LATAM, Middle East & Africa; Historical Supply and Demand (2014-2018); Supply and Demand Forecast (2019-2024); Competitive Landscape and Supplier Analysis;"
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