Nov 28, 2023   SOURCE: BusinessWire

Paper Cup Market Trends, Opportunities and Competitive Analysis 2023-2028 - Growing Popularity of Eco-Friendly Paper Cups Boosts Global Market, Anticipated to Reach $12.3 Billion by 2028 - ResearchAndMarkets.com

The "Paper Cup Market: Trends, Opportunities and Competitive Analysis 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global paper cup market is poised for significant growth, with opportunities emerging in the commercial, industrial, and household sectors. According to the report, the market is expected to achieve an estimated value of $12.3 billion by 2028, exhibiting a robust compound annual growth rate (CAGR) of 3.6% from 2023 to 2028.

Key Drivers of Market Growth

  • High Demand in Food and Beverage Industry: The report identifies the high demand for paper cups in the food and beverage industries as a major driver of market growth.
  • Eco-Friendly Initiatives: Government actions to reduce plastic usage and promote the adoption of eco-friendly materials are contributing to the market's expansion.
  • Rising Demand for Disposable and Cost-Effective Cups: The growing need for easy-to-handle, disposable, and cost-effective cups is fueling market growth.

Market Insights

  • Hot Paper Cups to Witness Strong Growth: The report forecasts that hot paper cups will experience higher growth during the forecast period, driven by their significant demand at fast-service restaurants and smaller beverage-serving establishments that offer hot tea and coffee due to their affordability and convenience.

  • Commercial Segment Dominance: The commercial segment is expected to remain the largest due to the increasing practice of providing employees with beverages in the workplace and the extensive use of paper cups in various commercial settings such as restaurants, hotels, and cafes.

  • APAC Leads the Market: Asia Pacific (APAC) is expected to be the largest region in the paper cup market, primarily due to significant production and consumption of paper cups in countries like China. The Indian government's strict regulations on plastic products, including bags, cups, and straws, are also contributing to regional growth.

Key Report Features:

  • Market Size Estimates: The report provides estimates of the paper cup market's size in terms of value ($B).
  • Trend and Forecast Analysis: It offers trend analysis for 2017-2022 and forecasts for 2023-2028, covering various market segments and regions.
  • Segmentation Analysis: The report breaks down the market by product type, wall type, end-use industry, and region.
  • Regional Analysis: It provides a regional breakdown of the paper cup market, covering North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: The report explores growth opportunities based on different market segments and regions within the paper cup market.
  • Strategic Analysis: This section includes insights into mergers and acquisitions, new product development, and the competitive landscape using Porter's Five Forces model.

Competitive Landscape

Companies in the paper cup market compete based on the quality of their products. Major players in this market focus on expanding their manufacturing facilities, investing in research and development, developing infrastructure, and leveraging integration opportunities across the value chain. Some of the key companies profiled in the report include:

  • International Paper Company
  • Huhtamaki Oyj
  • Dart Container
  • Benders Paper Cups
  • Konie Cups

Market Segmentation and Growth Drivers

The study segments the paper cup market by product type, wall type, end-use industry, and region:

Product Type Segmentation:

  • Hot Paper Cups
  • Cold Paper Cups

Wall Type Segmentation:

  • Single Walled
  • Double Walled

End Use Industry Segmentation:

  • Commercial
  • Industrial
  • Household

Regional Segmentation:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

For more information about this report visit https://www.researchandmarkets.com/r/eacs2x

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