According to the recent study the paper cup market is projected to reach an estimated $12.3 billion by 2028 from $10.2 billion in 2023, at a CAGR of 3.6% from 2023 to 2028. Growth in this market is primarily driven by high demand for these cups in the food and beverage industries, encouraging government action to reduce the usage of plastic and supports adoption of eco-friendly materials, and growing demand for easy to handle, disposable, and cost effective disposable cups.
A more than 150–page
report is developed to understand trends, opportunities and forecast in paper
cup market by product type (hot paper cups and cold paper cups), wall type
(single walled and double walled), end use industry (commercial, industrial,
and household), and region (North America, Europe, Asia Pacific, and the Rest
of the World).
“Hot paper cup market is expected to remain the largest segment
during the forecast period.”
Based on, the paper cup
market is segmented into hot paper cups and cold paper cups. Lucintel forecasts
that the hot paper cup market is expected to remain the largest segment due to the
significant demand for hot cups at fast service restaurants and smaller
beverage serving places that sell hot tea and coffee, owing to their affordable
cost and convenience.
“Within the paper cup market, the commercial segment is expected
to remain the largest end use industry.”
Based on end use
industry the commercial segment is expected to witness the highest growth over
the forecast period due to the increasing practice of providing employees with
beverages in the workplace and extensive use of these cups in various
commercial places such as restaurants, hotels, and cafes.
“Asia pacific will dominate the paper cup market in near future.”
APAC will remain the
largest region due to the huge production and consumption of these cups in
China and strict national banding rules from the Indian government for plastic
products like bags, cups, and straws.
Major players of paper
cup market are adopting various growth strategies like new product launches,
expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. International Paper
Company, Huhtamaki Oyj, Dart Container, Benders Paper Cups, and Konie Cups are
among the major paper cup providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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