Paper Cups Market Size

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.