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Global Paper Cups Market to Grow at a CAGR of 1.4% between 2021-2026.

According to a new report by EMR titled, ‘Global Paper Cups Market Report and Forecast 2021-2026’, the global paper cups consumption stood at nearly 244.7 billion units in 2020. The consumption of paper cups is further projected to grow in the forecast period of 2020-2024 at a CAGR of 1.4% to attain about 279 billion units in 2026.

The global paper cups 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 2021 while the food and beverage sales in India is projected to witness an annual growth of 13.1% till 2021. The projected healthy growth of the industry in the Asia Pacific is also aiding the growth of the paper cups industry. The region is the leading market for paper cups accounting for over a third of the global paper cups consumption. The regional paper cups 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.

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 cups 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 cups are replaced with 3-4 saplings.

Market Analysis by Types, Applications, and Regions:

  • Paper cups, polystyrene foam, and plastic cups are the types of disposable cups commonly available in the market.
  • Paper cups can be bifurcated into hot and cold paper cups.
  • According to the thickness of the wall, they can also be categorised as single walled and double walled cups.
  • Paper cups can be used to hold tea and coffee, along with chilled food and beverages, among others.
  • Region-wise, the global disposable cups market, as well as the global paper cups market, can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa regions.

Key Findings of the Report:

  • Currently, the paper cups market is dominated by hot paper cups, which account for more than 65% of the market. 
  • Tea and coffee account for almost 45% of the paper cups applications, globally.
  • The paper cups market is aided by the growth of the disposable cups market with 495 billion units of disposable cups consumed in 2020.
  • Rising demand from emerging economies and increasing standards of living are driving the industry growth.
  • The growing trend towards online food ordering and home food delivery services are expected to provide further impetus to the paper cups market.
  • Sanitation and hygiene concerns are driving the consumer demand for disposable paper cups.
  • The biodegradable paper cups are being preferred by the increasingly environmentally conscious consumers.

Key Offerings of the Report:

  • The EMR report provides the historical (2016-2020) and forecasted (2021-2026) consumption of disposable cups.
  • The report also offers the regional markets for disposable cups for the past (2016-2020) and future (2021-2026) periods. 
  • It gives the markets for the types of disposable cups as well as paper cups for the periods (2016-2020) and (2021-2026).
  • It looks into the historical (2016-2020) and future (2021-2026) demand for paper cups according to their various applications.
  • The report by EMR analyses the regional consumption and price trends of paper cups for the periods (2016-2020) and (2021-2026).

The key players in the global paper cups 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.

About Us:

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.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive 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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