Disposable Paper Cups Market Expected to Grow at CAGR of 3.4% to 2028 - Digital Journal

2022-04-02 07:10:02 By : Mr. Tommy Wang

Hi, what are you looking for?

According to our latest market study on “Disposable Paper Cups Market” was valued at US$ 8,714.28 million in 2021 and is projected to reach US$ 11,039.14 million by 2028; it is expected to grow at a CAGR of 3.4% from 2021 to 2028.

Disposable paper cups are tableware or disposable food packaging products used to package beverages like coffee, tea, fruit juices, and milkshakes, among others. These cups are coated with polyethylene or wax to prevent leakage of beverages. Rising on-the-go coffee consumption is one of the key factors driving the growth of disposable paper cups market. Moreover, restrictions on the usage of single-use plastic products like straws, containers, and cups, among others is also driving the growth of disposable paper cups market. Furthermore, the rapidly expanding food service sector coupled with rising hygiene concerns are also propelling the market growth. Based on material, the disposable paper cups market is segmented into air pocket insulated, poly-coated paper, wax-coated paper, and others. Moreover, on the basis of end-user, the market is segmented into food service, retail, and institutional & industrial.

Download PDF Sample Copy at: https://www.theinsightpartners.com/sample/TIPRE00022454/

The global food service sector is rapidly expanding with the rising number of people preferring to go out to cafes, restaurants, and fast-food joints with their friends and family. Evolving lifestyles of people owing to hectic work schedules and rising per capita income is one of the major reasons people choose to eat at quick-service restaurants (QSRs) and fast-food outlets. Moreover, spending time with family and friends on weekends is also propelling the growth of the food service sector and subsequently increasing the demand for disposable paper cups globally.

Impact of COVID-19 Pandemic on Disposable Paper Cups Market:

The COVID-19 pandemic made it harder for small and medium businesses to operate and sell their products. Moreover, the food service sales suffered significantly during the initial months of the pandemic because of lockdowns and stringent restrictions. The supply chains were completely disrupted due to nationwide lockdown and border restrictions, which affected the production and distribution of various products. However, the pandemic had a mixed impact on the growth of the disposable paper cups market. The raw material supply shortage affected the production of disposable paper cups, coupled with the shutdown of various offices and other institutions. The disposable paper cups market size is expected to return to pre-pandemic levels soon with the resumption of manufacturing and trade activities, supported by the progress of the vaccination drives across the globe.

Based on material, the global disposable paper cups market is segmented into air pocket insulated, poly-coated paper, wax-coated paper, and others. The air pocket insulated segment led the disposable paper cups market in 2020.

North America disposable paper cups market share was the largest across the globe, primarily owing to the high adoption of disposable paper cups in the region. Moreover, increasing demand for takeaway coffee and other hit beverages in the region is expected to further aid the growth of the disposable paper cups market in the region. Asia Pacific is expected to be the fastest growing region of the global disposable paper cups market. High population and growth of the international coffee chains such as Starbucks, Costa Coffee among others are some of the factors affecting the disposable paper cups market growth. The disposable paper cups market trends are also influenced by the high demand for coffee machines in commercial workspaces and the increasing number of co-working spaces.

Inquire for Discount: https://www.theinsightpartners.com/discount/TIPRE00022454/

Some of the players operating in the market are Huhtamaki; Dart Container Corporation; Duni Group; Graphic Packaging International, LLC; F Bender Limited; Seda International Packaging Group; CEE Schisler Packaging Solutions; Grupo Phoenix; SCG PACKAGING; and Reynolds Group Ltd. These players are increasingly focusing on product innovation and new product development strategies to expand their reach. Moreover, these players are launching plastic-free and recyclable paper cups to minimize the environmental impact and attract potential consumer groups.

The overall disposable paper cups market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the disposable paper cups market.

Buy Report at: https://www.theinsightpartners.com/buy/TIPRE00022454/

The Insight Partners is a one top industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Manufacturing and Construction, Technology, Chemicals and Materials.

We offer our clients multiple ways to customize research as per their specific needs and budget.

If you have any queries about this report or if you would like further information, please contact us:

The charred remains of a husband and wife north of Kyiv are pretty unambiguous testimony to Russian presence

Ukrainian helicopters have carried out a strike on a fuel storage facility in Russia's western town of Belgorod.

The number of Ukrainian refugees fleeing Russia's war in their country has crossed 4.1 million, the United Nations said Friday.

Ukrainian helicopters have carried out a strike on a fuel storage facility in Russia's western town of Belgorod.

COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Digital Journal is not responsible for the content of external sites. Read more about our external linking.