Research Nester published a report titled “Paper Cups Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global paper cups market in terms of market segmentation by type, paper type, end-use industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global paper cups market is anticipated to attain a CAGR of ~4.5% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of type into air pocket insulated, poly-coated, wax-coated, and others out of which, the wax-coated segment is anticipated to hold a notable market share market over the forecast period on account of efficient durability and strength of wax-coated paper for serving hot and cold beverages.
The global paper cups market is estimated to grow on the back of eco-friendly nature of paper cups, along with increasing application in food and beverages industry. The busy and fast lifestyle of people has raised the consumption of fast food, which is estimated to increase the demand for paper cups. Moreover, paper cups are greener alternative to plastic cups, which is estimated to further fuel the market growth. Growing awareness amongst people regarding the pollution caused by plastics, and environment conservation, is further anticipated to boost the market growth.
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 Asia Pacific is estimated to gain significant market share over the forecast period owing to the presence of various paper manufacturing companies in the region, coupled with growing food & beverages industry. Moreover, the large population of the APAC region acts as consumer base, which is estimated to boost the market growth, along with growing environmental awareness amongst the people.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Environmentally Friendly Nature of Paper Cups to Boost the Market Growth
Paper cups are a greener alternative to plastic cups, as they are biodegradable and easily recyclable. The growing environmental awareness amongst the people regarding environmental pollution caused due to the dumping of plastic cups is expected to promote the use of paper cups. Such a factor is estimated to boost the market growth.
However, chemicals used in these cups could be harmful, which is expected to operate as key restraint to the growth of the global paper cups market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global paper cups market which includes company profiling of Pactiv Evergreen LLC, The International Paper Company, Frugalpac Limited, Ecologic Brands Inc., JUST Goods, Inc., Choose Packaging, Nippon Paper Industries Co., Ltd., Genpak, LLC, WestRock Co., Coveris Holding S.A, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global paper cups market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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