Paper Cups Market size was valued at USD 10.31 billion in 2023 and is set to exceed USD 14.76 billion by 2036, registering over 2.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of paper cups is estimated at USD 10.54 billion. The growth of the market can be attributed to the increasing use of paper cups for serving fast food and beverages to reduce plastic waste, along with increasing consumption of fast food. Owing to the fast-paced and busy lifestyle in urban settlements, people often prefer ready-made fast food. The growing demand for fast food has raised the demand for paper cups for serving or packing the food items, such as, coffee, bakery items, and others. Moreover, paper cups are also being extensively used in transportation industry for serving water, tea, coffee, and other beverages, which is estimated to boost the market growth. The growing population, combined with rising per capita income, will improve the ability of people to buy packaged food, which is anticipated to boost the market growth. Furthermore, paper is recyclable and biodegradable, which is a greener alternative to plastic cups, which is estimated to boost the market growth. According to the UN Environment report, only 9% of all plastic waste gets recycled, while over 79% gets dumped in water bodies or end-up in open garbage dumps.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
2.8% |
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Base Year Market Size (2023) |
USD 10.31 billion |
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Forecast Year Market Size (2036) |
USD 14.76 billion |
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Regional Scope |
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Paper Cups Segmentation
The market is segmented by type into air pocket insulated, poly-coated, wax-coated, and others out of which, the wax-coated segment is anticipated to hold a notable share in the global paper cups market over the forecast period on account of better durability of wax-coated paper for serving beverages. Moreover, wax-coated paper cups are more environment friendly than poly-coated paper cups, as they can be easily recycled, which is another major growth driver for the segment.
Our in-depth analysis of the global market includes the following segments:
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By Type |
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By Paper Type |
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By End-Use Industry |
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On the basis of geographical analysis, the global paper cups market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America is predicted to hold largest revenue share by 2036, owing to growing fast-food industry in the U.S and Canada backed by the busy lifestyle of the citizen in these countries. As per the report by National Health and Nutrition Examination Survey, 36% to 40% people consume fast food on any given day in the U.S.
The market in Asia Pacific region is estimated to witness modest growth over the forecast period on the back of presence of major paper manufacturing companies in the region, supported by easy availability of raw material and cheap labor in the region. Moreover, the growing fast-food industry in the region, along with high consumer base for the food is estimated to upsurge the demand for paper cups in the region.
· June, 2021: BillerudKorsnäs announced the launch of its new range of paper-based serving and packaging products SWAPP for the food & beverage industry.
Author Credits: Abhishek Anil
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