According to IMARC Group’s latest report, titled “Paper Cups Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a volume of 260.2 Billion Units in 2021. Paper cups are disposable cups that are coated with polyethylene, which helps in increasing the durability and performance of the cup by preventing the condensed moisture from soaking and retaining the flavor. As a result, paper cups are extensively used for consuming food and beverages, such as coffee, tea, soups, and soft drinks.
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The busy schedules and hectic lifestyles, especially of the steadily increasing working populace, have compelled the consumers to utilize paper cups as they save time and effort by eliminating the need for cleaning. This represents one of the prime factors driving the paper cup market growth. In addition to this, the trend of takeaway services and increasing awareness regarding cleanliness and hygiene are other contributing factors boosting the market growth. The market is also driven by the increasing environmental consciousness, which has encouraged several organizations to promote the use of paper cups as they are eco-friendly, which is further creating a positive outlook for the market across the globe. Looking forward, IMARC Group expects the global paper cups market to reach 280.8 Billion Units by 2027, exhibiting a CAGR of 1.27% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Benders Paper Cups
- International Paper
- Dart Container
- North America
- South America
- The Middle East and Africa
Breakup by Cup Type:
- Hot Paper Cups
- Cold Paper Cups
Breakup by Wall Type:
- Single Wall
- Double Wall
- Triple Wall
Breakup by Application:
- Tea and Coffee
- Chilled Food and Beverages
Breakup by End User:
- Coffee and Tea Shops
- QSR and Other Fast Food Shops
- Offices and Educational Institutions
- Residential Use
Breakup by Distribution Channel:
- Institutional Sales
- Retail Sales
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Related Reports by IMARC Group:
Stick Packaging Market: https://www.imarcgroup.com/stick-packaging-market
Asia Pacific Paper Packaging Market: https://www.imarcgroup.com/asia-pacific-paper-packaging-market
GCC Paper Packaging Market: https://www.imarcgroup.com/gcc-paper-packaging-market
India Aluminium Cans Market: https://www.imarcgroup.com/india-aluminium-cans-market
The United States Aluminium Cans Market: https://www.imarcgroup.com/united-states-aluminium-cans-market
Asia Pacific Aluminium Cans Market: https://www.imarcgroup.com/asia-pacific-aluminium-cans-market
Europe Aluminium Cans Market: https://www.imarcgroup.com/europe-aluminium-cans-market
GCC Aluminium Cans Market: https://www.imarcgroup.com/gcc-aluminium-cans-market
Europe Paper Packaging Market: https://www.imarcgroup.com/europe-paper-packaging-market
United States Paper Packaging Market: https://www.imarcgroup.com/united-states-paper-packaging-market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company’s expertise.
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