Paper cup market size is projected to reach $9.1 billion by 2030; Ramp in recyclable and biodegradable paper production reflects strong demand growth: The Brainy Insights

NEWARK, NJ, August 26, 2022 /PRNewswire/ — According to the report published by The Brainy Insights, the global paper cup market is expected to continue growing $6.22 billion in 2021 to $9.1 billion to 2030 at a CAGR of 4.3% over the forecast period 2022-2030.

The increasing consumption of beverages and fast food due to the busy lifestyles in various cities in developed countries has led to the emergence of new cafes and fast-food restaurants. The trend is slowly penetrating the growing regions. Population growth and rising per capita incomes in the developing world have propelled the fast food and beverage markets. Changing lifestyles and the establishment of fast-food restaurants in emerging countries will greatly boost sales of paper cups.

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Paper cups are cheap, environmentally friendly and very hygienic. It has increased the need for paper cups for takeaway and food delivery applications. The toxic nature of single-use plastics to the environment has encouraged the development of single-use packaging solutions to reduce carbon emissions, improve recycling and manage waste properly. These elements are expected to sustain the demand for paper cups in the years to come.

competitive strategy

To improve their market positions in the global Paper Cups Market, the major players are now focusing on executing strategies such as product innovation, mergers and acquisitions, recent developments, joint ventures, collaborations, and partnerships.

  • Starbucks announced it was creating the “borrow a cup” industry Seattle with a limited trial period. The program focuses on reducing waste from beverage cup waste by allowing the customer to return their single-use beverage cup to one of the contactless kiosks in one of the five participating stores Seattle in April 2021.

Market Growth & Trends

The market is experiencing massive development due to demand from fast food outlets, cafes and restaurants. Increasing per capita income, better living standards and the selection of suitable disposable containers also drove the market growth. The growing enthusiasm for take-away services also contributes to the market growth. Increasing health awareness also promotes the possible acceptance of disposable cups in the population. Regardless, the availability of recyclable and biodegradable plastic cups may hamper market expansion. The need for paper cups has also increased due to increasing international pressure to integrate sustainable materials into the food and beverage sector, to stop the use of single-use plastics and the growth of effective waste management and recycling schemes for eco-friendly products. The increasing innovation of replacing plastic with other materials has led to the development of paper-based packaging, including edible cups, paper cups made from grain, and others. Also, the focus on compostable foodservice packaging will increase the need for paper cups in the future.

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Important Findings

  • In 2021, the double-wall cup segment had the largest market share with 34% and a market revenue of 2.11 billion.

Wall type segment is divided into single wallpaper pan, double wallpaper pan and triple wallpaper pan. In 2021, the double-wall cup segment had the largest market share with 34% and a market revenue of 2.11 billion. The double wall mug consists of two paper walls with an air pocket that provides an easy grip when serving hot beverages. Accordingly, double-walled cups are used extensively for serving hot beverages, and the increasing use of hot beverages increases the need for double-walled paperboard cups.

  • In 2021, the cold paper cup segment held the largest market share with 62% and a market revenue of 3.8 billion.

The cup segment is divided into cold paper cups & hot paper cups. In 2021, the cold paper cup segment held the largest market share with 62% and a market revenue of 3.8 billion. The growth is attributed to the increasing popularity of consuming soft drinks, juices and cold coffee among consumers in today’s busy lifestyle.

  • In 2021, the institutional segment dominated the market with the largest market share of 28% and a market revenue of 1.7 billion.

The end-user segment is divided into homes, quick service restaurants, institutions, and others. In 2021, the institutional segment dominated the market with the largest market share of 28% and a market revenue of 1.7 billion. A key driver is the increasing adoption of disposable paper cups in academies, institutes and colleges for serving water and other beverages.

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Regional segmental analysis of the paper cups market

  • North America (US, Canada, Mexico)
  • Europe (Germany, FranceGreat Britain, Italy, Spainthe rest of Europe)
  • Asia Pacific (China, Japan, Indiarest of APAC)
  • South America (Brazil and the rest South America)
  • That middle East and Africa (UAE, South Africaremainder of MEA)

Among all regions is the Asia Pacific With a market share of around 33.5% and 2.0 billion of the market revenue in 2021, the region emerged as the largest market for the global paper cup market Asia Pacific Region is the most significant world population slowly increasing the demand for various food and beverage products. In addition, the increasing consumption of hot drinks such as coffee and tea is ultimately affecting the use of paper cups in the region. The proliferation of coffee chains like Starbucks & Barista is fueling the consumption of paper cups. Starbucks revenue was four times that Asia Pacific region in the last decade. The consumption of soft drinks is expected to increase in the region. Because of this, Asia Pacific is expected to dominate and grow the market during the projection time.

Major Players in the Global Paper Cups Market are:

  • Bender’s paper cup
  • Dart Container Corporation
  • Detmold group
  • Eco Products Inc.
  • Genpak LLC (Great Pacific Enterprises Inc.)
  • Georgia Pacific LLC (Koch Industries Inc.)
  • Go-Pak UK Ltd
  • Graphic Packaging International
  • Huhtamaki OYJ
  • Cape Cones Private Limited
  • Konie Cups International Inc.
  • Phoenix Packaging Operations LLC

This study forecasts revenue at global, regional and country level from 2019 to 2030. The Brainy Insights has segmented the global Paper Cups market based on the segments mentioned below:

Global Paper Cup Market, by Wall Type:

  • Single wall paper cups
  • Double wall paper cups
  • Three-walled paper cups

Global Paper Cup Market by Cup:

  • Cold paper cups
  • Hot paper cups

Global Paper Cups Market by End User:

  • residential
  • fast food restaurants
  • Institutional
  • Other

About the report:

The global Paper Cups market is analyzed by value (Billion USD). All segments have been analyzed on a global, regional and country basis. The study includes the analysis of more than 30 countries for each part. The report provides an in-depth analysis of the driving factors, opportunities, restraints, and challenges to gain a critical insight into the market. The study includes Porter’s five forces model, attractiveness analyses, commodity analyses, supply and demand analyses, competitive position grid analyses, sales and marketing channel analyses.

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About the Brainy Insights:

The Brainy Insights is a market research company that aims to provide companies with actionable insights through data analysis to improve their business acumen. We have a robust forecasting and estimation model to achieve clients’ goals in terms of high quality results within a short period of time. We offer both customized (custom) and syndicated reports. Our repository of syndicate reports is diverse across all categories and subcategories across all domains. Our bespoke solutions are tailored to the needs of clients, whether they are looking to expand or launch a new product on the global market.

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