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Pharmacy benefit management market
Disposable Paper Cup Market Report Overview
The global disposable paper cup market size was USD 4.77 billion in 2023 and is projected to grow from USD 4.77 billion in 2024 to USD 5.25 billion by 2032, exhibiting a CAGR of 1.2% during the forecast period. Asia-Pacific holds leading position in disposable paper cup market share in 2023.
Disposable paper cups are a great alternative to glasses, mugs, and steins, especially if consumers are worried about breaking them or carrying them around. In places like shopping malls, offices, hospitals, and schools, paper cups are very common. These cups have more advantages over conventional cups. When compared to plastic cups, these cups are better. Green paper cups are those paper cups that can be recycled. When the flu epidemic hit America in 1918, these cups became increasingly popular. These cups were used by thousands of people to prevent infection. These were created to encourage general hygiene. Although there are many different types of paper cups, cold drink cups and hot drink cups are more commonly used. Paper or board is used to make paper cups. A thin polythene sheet is then used to laminate them. In the upcoming years, demand for disposable cups is likely to increase as their use at social gatherings and celebrations increases. Disposable paper cups should be used instead of plastic ones because they are disposable and easily biodegradable and recycling them has no negative environmental effects.
Various applications of this type of cup include in food packaging, especially hot and cold drinks which further aids to the disposable paper cup market growth. Growing concern about hygiene and usage of disposable items are other major factors that drive the market growth. The usage of whiteners for the perfect white color in the cup might hamper the market growth on another side.
COVID-19 Impact: Surge in Online Food Delivery System Due to Lockdown to Drive Market
The global COVID-19 pandemic has been unprecedented and staggering, with the disposable paper cup market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden surge in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.
As a result of COVID-19, the disposable paper cup market growth has also been drastically affected. The COVID-19 outbreak has slowed down sales in the food and beverage industry and disrupted the food supply chain. It also led to the implementation of travel restrictions and lockdowns. Following the pandemic, many hotels and restaurants shut down their dining areas for patrons. The market was impacted by the closure and lockdown of cafeterias, restaurants, and public retail food establishments. The food service packaging industry claims that during the pandemic, consumers' preference for hygienic and clean single-use food service items increased. By easily recycling and discarding disposable paper cups, the coronavirus can be stopped from spreading. As a result, many other small and large food businesses now only offer takeout or delivery, relying more heavily than ever on disposables. Apart from that, the market is growing as public concern over health, cleanliness, and safety during pandemics grows. These practices are anticipated to continue to be common in the upcoming years as long as COVID-19 exists.
Latest Trends
"Organic Manufacturing of Disposable Paper Cups to Drive the Market"
Manufacturers of paper cups have been focusing on product innovation and growth by implementing sustainable manufacturing techniques in order to address the demand for disposable paper cups that are completely biodegradable and environmentally friendly. The disposable paper cup market opportunity is a rising demand from cafeterias, quick service restaurants, and other catering service providers for biodegradable paper cups. These are often made from bamboo, and other such things from nature itself, thereby causing less harm to the environment.
Disposable Paper Cup Market Segmentation
- By Type
The market is classified into air pocket insulated, poly-coated paper, post-consumer fiber, wax-coated paper, and others based on type. The air pocket insulated segment will lead the disposable paper cup market share throughout the forecast period.
- By Application
The market is classified into tea and coffee, chilled food and beverages, and others on the basis of application. The tea and coffee segment will lead the disposable paper cup market share throughout the forecast period.
Driving Factors
"Surge in Takeaway and Online Food Deliveries to Drive the Market"
The increase in takeaway and home deliveries across restaurants due to the lockdown and pandemic is a major driving factor in the market. Many quick-service restaurants are considering disposable items, like cups, plates, and cutlery, for serving and packaging as more customers choose takeout or home delivery services. Additionally, when it comes to the packaging of food and beverages, these disposable products are thought to be extremely hygienic, which will increase demand for disposable cups over the forecast period.
"Increasing Consumer Awareness Regarding Hygiene to Drive the Market"
Consumers are becoming more conscious of cleanliness and hygiene, and they believe that paper cups are safer than recyclable ones. During the manufacturing process, they are subjected to intense heat, which eliminates bacteria and renders the product nearly sterile. However, the availability of low-cost alternatives like plastic, Styrofoam, and glass cups poses a serious threat to the global sales of paper cups.
Restraining Factors
"Usage of Fluorescent Whiteners For Cup Color to Drive the Market"
Some industrialists or manufacturers add a significant amount of fluorescent whitener to the cup to make it appear whiter. The ability of these whiting chemicals to modify cells is harmful to the human body. Additionally, a lack of quality standards could soon impede market expansion. These are the main market inhibitors that will slow the disposable paper cup market's rate of expansion.
Disposable Paper Cup Market Regional Insights
"Asia Pacific to Hold the Largest Market Share Owing to Increasing Coffee Chains "
Asia Pacific is anticipated to hold the largest market share throughout the forecast period. This is due to a number of factors, including shifting consumer food preferences, an increase in urban population, increased commercial space penetration, quick service restaurants, coffee chains, fast casual restaurants, and a rapidly expanding food and beverage industry in the area. A large population, rising disposable income, and increased demand for various food and beverage products are the hallmarks of Asia Pacific. The market for paper cups in the area is primarily driven by this.
North America holds the second-largest share of the market and is anticipated to grow at a rate that can be sustained over the forecast period. The main drivers of the growth of the paper cups market in North America are the rising awareness of hygienic eating practices, rising concern for environmental issues, and rising on-the-go consumption of beverages like cold coffee, juices, and carbonated drinks.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
LIST OF TOP DISPOSABLE PAPER CUP COMPANIES
- Huhtamaki (Finland)
- Dart Container (U.S.)
- Reynolds (New Zealand)
- Graphic Packaging (U.S.)
- Koch Industries (U.S.)
- Letica (U.S.)
- Seda Group (Italy)
- Lollicup (U.S.)
- Eco-Products (U.S.)
- SCHISLER (France)
- Groupo Phoenix (U.S.)
- Benders (Germany)
- AR Packaging (India)
- Duni (Sweden)
- Miaojie (China)
- Stanpac (Canada)
- Medac (Germany)
- FAR EAST CUP (China)
- JIALE PLASTIC (China)
- Guangzhou Kangbao (China)
- Konie (U.S.)
- Jiun Yo (China)
- YesPac (U.S.)
- Huixin (China)
- Kap Cones (India)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 4.77 Billion in 2023 |
Market Size Value By |
US$ 5.25 Billion by 2032 |
Growth Rate |
CAGR of 1.2% from 2023 to 2032 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Types
|
|
By Application
|
Frequently Asked Questions
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What value is the disposable paper cup market expected to touch by 2032?
The global disposable paper cup market size was USD 4.77 billion in 2023 and is projected to grow from USD 4.77 billion in 2024 to USD 5.25 billion by 2032.
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What CAGR is the disposable paper cup market expected to exhibit by 2032?
The disposable paper cup market is expected to exhibit a CAGR of 1.2% by 2032.
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Which are the driving factors of the disposable paper cup market?
The surge in takeaway and online food deliveries as well as increasing consumer awareness regarding hygiene are some of the major driving factors of the disposable paper cup market.
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Which are the top companies in the disposable paper cup market?
The top companies in the disposable paper cup market include Dart Container, Huhtamaki, Koch Industries, International Paper, etc.