Global Paper Cups Market Insights Forecasts to 2032
- The Global Paper Cups Market Size was valued at USD 10.8 Billion in 2022.
- The Market Size is growing at a CAGR of 3.6% from 2022 to 2032
- The Worldwide Paper Cups Market Size is expected to reach USD 15.5 Billion by 2032
- North America is expected to grow the fastest during the forecast period
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The Global Paper Cups Market Size is expected to reach USD 15.5 Billion by 2032, at a CAGR of 3.6% during the forecast period 2022 to 2032.
A paper cup is a disposable cup that is made up of paper and lined or coated with plastic or wax which helps to prevent liquid leakage from it. Paper cups can be found in different sizes and colors. Polyethylene, the most common plastic resin, is used to paint the cups, which improves their performance and durability by preventing condensed moisture from soaking in and retaining flavor. Customers nowadays use paper cups to save time and cope with their hectic lifestyles and busy schedules. These cups do not require cleaning and can be easily discarded after use. The demand for paper cups has also had an impact on the global trend of takeaway benefits and ready-to-eat food.
Global Paper Cups Market Report Coverage
|Market Size in 2022:||USD 10.8 Billion|
|Forecast Period 2022-2032 CAGR:||3.6%|
|2032 Value Projection:||USD 15.5 Billion|
|Historical Data for:||2019-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Type, By Wall Type, By End-User, By Region|
|Companies Covered:||Graphic Packaging International, LLC., Dart Container Corporation, Georgia-Pacific Consumer Products LP, THE PRINTED CUP COMPANY, Jiangsu Yinwang New Material Technology Co., Ltd., Huhtamäki Oyj, Pactiv LLC., Greiner Packaging International GmbH, Hotpack Packaging Ind. LLC., Genpak LLC., Konie Cups International Inc., Grupo Phoenix Capital Limited, Bender Limited, and Other Key Vendors.|
|Pitfalls & Challenges:||COVID-19 Empact,Challenges, Future, Growth, & Analysis|
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People are drinking more coffee and tea to boost their energy and stamina, which is driving up global demand for paper coffee cups. In addition, rising demand for takeaway food services and rising consumption of ready-to-drink beverages among the global population are accelerating the growth of the paper cup market. Rising commercial infrastructure settings, such as educational institutions, food catering, restaurants, health clubs, and others, will likely support and drive market growth for food service disposable products. Furthermore, rising demand for custom-printed double-wall beverage ware in official settings is driving up global product demand.
The availability of disposable cups made of materials other than paper and paperboard, such as foam, plastic, ceramic, and stainless steel, is impeding market growth. Furthermore, rising household consumer demand for reusable tableware products to reduce waste of tissue paper, wipes, cups, plates, and other paper products is influencing global product demand.
By Type Insights
The cold paper cups segment dominates the market with the largest revenue share over the forecast period.
Based on type, the global paper cups market is segmented into hot paper cups and cold paper cups. Among these, the cold paper cups segment is dominating the market with the largest revenue share of 38.6% over the forecast period. With the lightweight and affordability of such products over their counterpart, the cold segment exhibited a significant market share. Furthermore, the preference of restaurant and hospitality clients for low-cost cold beverage ware is accelerating segmental growth during the forecast period.
By Wall Type Insights
The single wall segment is witnessing significant CAGR growth over the forecast period.
Based on wall type, the global paper cup market is segmented into single wall paper cups and multiple wall paper cups. Among these, the single wall segment is witnessing significant CAGR growth over the forecast period. A single wall cup contains one layer owing to this the major companies' focus on producing cost-effective and environmentally friendly single-wall products. For example, BioPak, a manufacturer of sustainable products, is producing premium-based Single Wall BioCup products made of plant-based bioplastic that can reduce carbon emissions by up to 75% when compared to plastic-based ones. Furthermore, the rising consumption of flavored dairy beverages, as well as the continued use of single-wall products in serving milk-based beverages in restaurants and cafes, will likely drive segment growth. Manufacturing single-wall cups uses less energy and paper than double- and multiple-wall cups.
By End-User Insights
The quick service restaurants segment is expected to hold the largest share of the global paper cups market during the forecast period.
Based on the end-user the global paper cups market is classified into households, quick service restaurants, and others. Among these, the quick service restaurant segment is expected to hold the largest share of the paper cups market during the forecast period. The significant segmental share of quick-service restaurants can be attributed to the significant consumption of disposable cups during dine-in and takeaway food service activities in these settings. Furthermore, rising demand for printed food service disposables in fast food and quick-service restaurant settings is propelling segment growth.
Asia Pacific dominates the market with the largest market share over the forecast period.
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Asia Pacific is dominating the largest market share over the forecast period. In terms of revenue, it is expected to driving market during the forecast period. This is due to factors such as changing consumer food habits, a rising urban population, and a greater acceptance of commercial spaces such as quick service restaurants, coffee chains, fast casual restaurants, and the region's rapidly growing food and beverage industry. Asia Pacific is distinguished by a large population, rising disposable income, and increased demand for a wide range of food and beverage products. As a result, these factors driving the global paper cup market during the forecast period.
North America, on the contrary, is expected to grow the fastest during the forecast period. Growing consumer awareness and supportive government legislation are expected to drive demand for biodegradable packaging in North America. Also, growing awareness of sanitary food habits, increased awareness of environmental issues, and increased on-the-go consumption of beverages such as cold coffee, juices, and carbonated drinks are the primary factors driving the growth of the paper cups market in North America.
List of Key Market Players
- Graphic Packaging International, LLC.
- Dart Container Corporation
- Georgia-Pacific Consumer Products LP
- THE PRINTED CUP COMPANY
- Jiangsu Yinwang New Material Technology Co., Ltd.
- Huhtamäki Oyj
- Pactiv LLC.
- Greiner Packaging International GmbH
- Hotpack Packaging Ind. LLC.
- Genpak LLC.
- Konie Cups International Inc.
- Grupo Phoenix Capital Limited
- Bender Limited
Key Market Developments
- In March 2023, WinCup, Inc., an Atlanta-based foodservice disposable manufacturer, introduced a line of plastic-coated paper cups made from canola oil in the United States.
- In June 2022, Tea Time, an Indian tea franchise outlet network, collaborated with ScrapQ Hub, a scrap aggregator company, to recycle and reuse scrap material to produce plastic-lined paper cups.
- In October 2021, to collect and recycle paper cups, the Atlanta, Georgia government collaborated with ten municipalities and 350,000 area residents. These government initiatives will help to grow the local recycled paper cup industry.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the global paper cups market based on the below-mentioned segments:
Paper Cups Market, Type Analysis
- Hot Paper Cups
- Cold Paper Cups
Paper Cups Market, Wall Type Analysis
- Single Wall Paper Cups
- Multiple Wall Paper Cups
Paper Cups Market, End-User Analysis
- Quick Service Restaurants (QSR)
Paper Cups Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
Frequently Asked Questions (FAQ)
1. What is the CAGR of the paper cup market over the forecast period?The paper cup market is projected to expand at a CAGR of 3.6% during the forecast period.
2. What is the projected market size & growth rate of the paper cup market?Paper cup market was valued at USD 10.8 Billion in 2022 and is projected to reach USD 15.5 Billion by 2032, growing at a CAGR of 3.6% from 2022 to 2032.
3. Which region is expected to hold the highest share in the paper cup market?The Asia Pacific region is expected to hold the highest share in the paper cup market.
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