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United States Paper Cups and Paper Plates Market to Grow at a CAGR of 0.7% Over the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘United States Paper Cups and Paper Plates Market Report and Forecast 2021-2026’, the United States paper cups and paper plates market size was USD 22 billion in 2020. The industry is further expected to grow at a CAGR of 0.7% between 2021 and 2026 to attain a value of USD 22.9 billion by 2026.

The United States paper cups and paper plates market is being driven by the rising demand for environmentally-friendly products and the growing focus on reducing single-use plastics in the region. The thriving food and beverages industry is the major factor driving the regional industry growth. Further, escalating disposable incomes, improved living standards, and favourable government initiatives are significantly contributing to the industry growth. In the United States, many valuable collaborations, and growing research and development activities are leading the initiatives around greener cups, further making significant, tangible progress toward a greener future, which is further propelling the market growth. Some of the major players in the industry include Dart Container Corporation, and Graphic Packaging International, LLC.

The growing consumer preference for sustainable products that promote the circular economy and do not harm the environment is resulting in the development of enhanced variants by manufacturers, which is expected to aid the paper cups and paper plates industry in the United States further.

In March 2020, Starbucks Corporation (NASDAQ: SBUX), a leading chain of coffeehouses headquartered in Seattle, Washington, announced that the company is investing in the development of an alternative paper cup through its NextGen Cup Challenge, and will be testing several designs in select cities around the world. Through this initiative, the testing of compostable and recyclable cups will be held at five locations, that is, London, New York, San Francisco, Seattle, and Vancouver. Such developments are expected to aid the paper cups and paper plates market in the United States over the forecast period.

Market Breakup by Product Type and Wall Type:

  • On the basis of product type, the paper cups market has been bifurcated into hot and cold cups, whereas the paper plates market is bifurcated into heavy duty and medium duty plates. 
  • By wall type, the paper cups market can be divided into single wall and double wall.

Key Findings of the Report:

  • The United States paper cups and paper plates market is being driven by the expansion of the food chain joints and the growing consumption of processed food products in the region.
  • The growing product demand from the major coffee joints owing to the prevalence of on-the-go coffee culture is propelling the industry forward. 
  • Favourable government initiatives to promote the use of eco-friendly variants of cups and plates over plastic or styrofoam is further aiding the growth of the industry. 
  • The rising preference for bio-degradable and environment-friendly paper cups and paper plates owing to the increased environmental concern is providing a further boost to the industry. 
  • The growing R&D activities and increased focus of manufacturers to launch enhanced product range is aiding the industry further.

Key Offerings of the Report:

  • The EMR report gives an overview of the United States paper cups and paper plates market for the periods (2016-2020) and (2021-2026). 
  • The report offers historical (2016-2020) and forecast (2021-2026) market information for the product types and wall types of paper cups and paper plates in the United States.
  • It also provides an assessment of the industry based on the Porter’s Five Forces model along with a SWOT and value chain analysis.

The major players in the United States paper cups and paper plates market are Dart Container Corporation, Graphic Packaging International, LLC, and Georgia-Pacific 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.

*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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