Paper Cups Industry - Regional Synopsis
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. North America industry is expected to dominate majority revenue share by 2037, 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.
