Paper Cups Market Outlook:
The IMARC Group’s latest research report, titled “Paper Cups Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″, The global paper cups market size reached 263.80 Billion Units in 2022. Looking forward, IMARC Group expects the market to reach 283.22 Billion Units by 2028, exhibiting a growth rate (CAGR) of 1.11% during 2023-2028.
Paper cups refer to a type of disposable cups used for consuming food and beverages, including tea, coffee, soft drinks, and soups. These cups are coated with polyethylene, the most common plastic resin, which aids in increasing their durability and performance by preventing the condensed moisture from soaking in and retaining flavor. Paper cups are segregated into single, double, and triple walls.
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Paper Cups Market Growth and Development:
The widespread adoption of disposable cups to save time and effort, as these cups do not require cleaning and can also be easily discarded after use, on account of hectic lifestyles and busy schedules, is primarily augmenting the paper cups market. Furthermore, the escalating demand for online food delivery platforms, the inflating disposable income levels of the masses, and the rising product innovations are positively influencing the global market. Apart from this, the increasing environmental damage caused by plastic cups has encouraged numerous organizations in the growing usage of paper cups, owing to their eco-friendly nature, is acting as another significant growth-inducing factor. Moreover, on account of the rising awareness about cleanliness and hygiene, there is the inflating demand for disposable cups among consumers to be safer than reusable cups, as they are exposed to high heat during the manufacturing process that also kills bacteria and renders the product practically sterile, which is also bolstering the market growth. Besides this, the increasing product utilization in hotels, restaurants, and cafes (HoReCa) for dine-in serving and takeaway purposes is expected to drive the paper cups market in the coming years.
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List of Top Paper Cups Manufacturers Worldwide:
- Huhtamaki
Establishment: 1920
Headquarters: Espoo, Finland
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Benders Paper Cups
Establishment: 1899
Headquarters: Wrexham, United Kingdom
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International Paper
Establishment: 1898
Headquarters: Memphis, Tennessee, United States
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Dart Container Corporation
Establishment: 1937
Headquarters: Mason, Michigan United States
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Go-Pak Ltd.
Establishment: 2009
Headquarters: Bristol, United Kingdom
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