Inquire Before Buying
Speak to an Analyst
Request Brochure
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More- Home
- |
- Press Release
- |
- Global Paper Cups Market
Global Paper Cups Market to Reach US$ 9.0 Billion by 2032, Bolstered by Growing Environmental Awareness Among Masses
July 27, 2022
| Packaging
The latest report by IMARC Group, titled “Paper Cups Market Report by Cup Type (Cold Paper Cups, Hot Paper Cups), Wall Type (Single Wall, Double Wall, Triple Wall), Application (Tea and Coffee, Chilled Food and Beverage, and Other Food and Beverages), End User (Coffee and Tea Shops, QSR and Other Fast Food Shops, Offices and Educational Institutions, Residential Use, and Others), Distribution Channel (Institutional Sales, Retail Sales), and Region 2024-2032,” finds that the global paper cups market size reached US$ 6.8 Billion in 2023. Paper cups refer to disposable cups used by individuals for serving food and beverages. They are coated with polyethylene, which helps increase durability and performance by preventing condensed moisture from soaking, spillage, or leakage. Nowadays, paper cups are gaining traction among the masses, especially the working population, due to their eco-friendly nature, cost-effectiveness, ease of handling, and enhanced convenience. Moreover, these cups are also utilized across commercial establishments, such as food joints, restaurants, cafes and educational institutions.
Global Paper Cups Market Trends:
The market is primarily driven by the increasing environmental concerns among the masses. In addition, the growing focus on sustainable development has impelled individuals to use paper-based alternatives over plastic disposables. Besides this, governments of numerous countries are undertaking various initiatives to impose a ban on plastics and reduce carbon emissions. This, coupled with the rising product adoption in hotels, restaurants, and cafes (HoReCa) for dine-in serving and takeaway purposes, is positively influencing the market growth. Moreover, the emergence of online food delivery platforms, the inflating disposable incomes of individuals, and continuous product innovations are some of the other factors propelling the market growth. Looking forward, IMARC Group expects the market value to reach US$ 9.0 Billion by 2032, exhibiting a CAGR of 3.1% during 2024-2032.
Market Summary:
- Based on the cup type, hot paper cups exhibit a clear dominance in the market.
- On the basis of the wall type, the market has been segregated into single, double, and triple wall. Amongst these, single-wall paper cups account for the majority of the total market share.
- Based on the application, the market has been segmented into tea and coffee, chilled food and beverages, and others. Currently, the tea and coffee segment holds the largest market share.
- On the basis of the end user, the market has been classified into coffee and tea shops, QSR and other fast-food shops, offices and educational institutions, residential use, and others. Presently, coffee and tea shops exhibit a clear dominance in the market.
- Based on the distribution channel, the market has been segregated into institutional and retail sales. Amongst these, institutional sale accounts for the majority of the market share.
- Region-wise, Asia Pacific holds the leading position in the market. Other major regions include North America, Europe, South America, and the Middle East and Africa.
- The competitive landscape of the market has been examined in the report, with some of the key players being Benders Paper Cups, Huhtamaki Oyj, The International Paper Company, Dart Container Corporation, and Go-Pak Group.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY 82801, USA
Website: https://www.imarcgroup.com/
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase options
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More