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India Paper Cups Market is Expected to Grow at a CAGR of 2% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘India Paper Cups Market Report and Forecast 2021-2026’, the India paper cups market attained a volume of about 265 billion units in 2020. The industry is further expected to grow at a CAGR of 2% between 2021 and 2026 to reach a volume of about 295 billion units by 2026.

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, 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:

  • Based on cup type, the industry can be divided into hot paper cups and cold paper cups.
  • By wall type, the industry can be segmented into single wall paper cups, double wall paper cups, and triple wall paper cups.
  • The cup sizes in the market can be categorised into small, medium, and large.
  • Paper cups find their applications in tea and coffee and chilled food and beverages, among others.
  • The end-uses in the industry include coffee/tea shops, fast food shops/ QSRS, offices, educational institutes, and multiplexes, and supermarkets (food court), among others.
  • By state, the paper cups market in India is segmented into Maharashtra, Uttar Pradesh, Tamil Nadu, West Bengal, and Gujarat, among others.

Key Findings of the Report:

  • Consumers are becoming conscious of cleanliness and hygiene, leading to a shift towards paper cups as they are considered healthier than other reusable cups.
  • The government of India promotes the use of these cups as they are biodegradable, recyclable and take less time to break down in comparison to the cups made from plastics or foam due to the environmental damage caused by plastic materials.
  • The consumers in the country are demanding paper cups because of the rapid urbanisation and their busier lifestyles.
  • The growing demand for convenient and to-go food and beverages is expected to aid the India paper cups market.

Key Offerings of the Report:

  • The EMR report gives an overview of the India paper cups market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the cup types, wall types, cup sizes, applications, end uses, and major regions of paper cups in India.
  • 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 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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