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The India paper cups market is primarily being driven by the rising awareness among consumers about cleanliness and hygiene. The market in India is also being propelled forward by the growing penetration of fast-food chains in tier II and tier III cities. The increasingly busy lifestyles of the consumers leading to the growing consumption of on-the-go food and beverages are also influencing the market positively. In the coming years, the market is expected to be aided by the stringent government regulations pertaining to the ban of single-use plastics in India. With the increasing plastic pollution in India, Prime Minister Narendra Modi announced a nationwide ban on single-use plastics in 2020. The ban is expected to scrap such products by 2022, with items such as plastic bags, cups, plates, small bottles, straws and certain types of sachets bearing the first brunt of the ban.
India is a leading market in the Asia Pacific region and is expected to drive the growth of the overall Asia Pacific market in the coming years. In 2020, as a result of the involvement of large-scale producers and the availability of low-cost raw materials, the Asia Pacific region emerged as a leading market for paper cups globally. The expansion of online retail channels in the region like Amazon.com, Inc. (NASDAQ: AMZN) is also expected to significantly aid the market growth in the coming years, especially with the fall data prices and rising internet penetration.
Market Analysis by Cup Type, Wall Type, Cup Size, Application, End Use, and States:
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The major players in the India paper cups market are Leetha Group, Octane Ecowares Private Limited, Plus Paper Foodpac Ltd., Swan International, Sri Lakshmi Polypack, Hyper Pack Pvt. Ltd., Paricott India Papercup Pvt Ltd, and Cllaro, 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.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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