Valley Cottage, NY -- (SBWire) -- 11/21/2018 --Global Paper Cups Market: Overview
Paper cups are used for storing and serving cold and hot drinks. Paper cups being made up of paper and pulp are easy to decompose. There are alternatives like plastic and metal, but due to their cost-effectiveness and easy disposability, paper cups have a high demand in the market. The foodservice channels highly use paper cups because of their convenience. Paper cups are lined or coated with plastic, clay, or wax as per their future use. Due to their cost-effectiveness and lightweight, even the end-users prefer paper cups. The manufacturers of paper cups produce both, printed and non-printed cups as per the demand of the customer. Paper cups are an easy way to market the brand along with the product. The different colors, shapes, and quality of paper cups help differentiate the brand of the end user. Due to the increasing awareness of plastic pollution, and the need for disposable and recycled cups, the paper cups market is expected to witness a steady rise in the market share.
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Global Paper Cups Market: Dynamics
The global paper cups market is expected to witness fast-paced growth due to a ban on plastic in several developed countries. The increase in the use of paper cups by sizeable fast food services such as McDonald's, KFC, & Pizza Hut is becoming a trending factor in the paper cups market. Most manufacturers are focusing on improving the production of paper cups and providing high-quality products to the end-user. Most of the new players entering the paper cups market may create a fierce competition among the suppliers. The printing options on paper cups are acting as the key drivers in shifting end-users from plastic cups to paper cups. In countries like India, about 80% of paper cups are used by service restaurant segments. The stringent regulations for use of food grade material and avoidance of plastic in cups manufacturing can help to boost the paper cups market during the forecast period.
Global Paper Cups Market: Segmentation
The global paper cups market is segmented on the basis of the product type, application, sales channel and end-use.
On the basis of product type, the paper cups market is segmented into:
Poly Coated Paper
Wax Coated Paper
On the basis of sales channel type, the paper pups market is segmented into:
Business-to-Business (B2B)
Business-to-Consumer (B2C)
On the basis of application, the paper cups market is segmented into:
Cold Drinks
Hot Drinks
On the basis of end-use, the paper cups market is segmented into:
Foodservice
Retail
Institutional
Global Paper Cups Market: Geographical Outlook
The global paper cups market is segmented into seven key regions - North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East & Africa. In the global paper cups market, Asia Pacific is expected to dominate the market during 2018-2028. China and India are leading the paper cups market, due to their growing population and improved positioning of catering services, food services, and restaurants. Due to a ban on plastic in Europe, the demand for plastic cups is decreasing while the use of paper cups is increasing among the food services. Based on the estimation of House of Commons Environmental Audit Committee, the UK currently uses 2.5 billion paper cups, by 2025 coffee shop growth will see the UK using approximately 3.75 billion paper cups per year. In North American paper cups market, the U.S. is playing a pivotal role in escalating the demand. According to National Restaurants Association, the restaurants industry sales was valued at US$ 766.04 Bn in 2016 and expected to boost the demand of paper cups market in future period. Latin America is projected to witness remarkable growth in the paper cups market. Brazil & Mexico are estimated to be high in the manufacturing and consumption of paper cups in Latin America paper cups market. As compared to other regions, Middle East & Africa is estimated to have a slow-moving market during the forecast period.
Global Paper Cups Market: Key Players
Some of the key players operating in the global paper cups market are as follows -
International Paper Company
Georgia-Pacific Corp
Dart Container Corp
Huhtamaki Oyj.
The Paper Cup Company
Paper Machinery Corporation
Reynolds Group
Dixie Cups Company
Sweetheart Cup Company
Nippon Paper Industries Co. Ltd
Paper Foodpac Pvt. Ltd
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Paper Cups Market to Discern Steadfast Expansion During 2028