26/07/2024
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Paper Cups Market Revenues To Grow At Nearly Of 4.10% From 2024 To 2033

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GlobalPaper Cups Market size was valued at USD 7.6 Billion in 2024 and is expected to reach USD 13.2 Billion by 2033, at a CAGR of 4.1% during the forecast period 2024 – 2033.

Paper Cup Market: Overview

Paper cups are disposable cups that are mostly composed of cardboard or paperboard. To meet a range of tastes and requirements, they are available in a variety of sizes, styles, and colours.

The worldwide paper cup market is showing a significant change towards sustainability and eco-friendliness. Paper cups are preferred over plastic counterparts by consumers who are becoming more environmentally concerned owing to their biodegradability and recyclability.

Stringent restrictions against single-use plastics in many parts of the world are propelling this trend forward. Furthermore, technical improvements improve the form and functioning of paper cups, making them more attractive and useful for a variety of purposes.

Also, there is an increasing need for personalized and branded paper cups, notably in the food service industry, to improve brand image and customer service. In summary, the trend towards eco-consciousness, along with innovation and customization, is altering the worldwide paper cup market, propelling growth and building a more sustainable future for packaging.

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By cup capacity, up to 150 ml segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The market for cups with a capacity of up to 150 ml is trending upward due to the increasing popularity of single-serve and portion-controlled beverages, particularly in fast-paced lifestyles.

By cup type, the cold beverage cup segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. The shift in cold beverage cups is towards renewable resources such as biodegradable PLA and paper, with an emphasis on novel designs for aesthetic appeal and practical advantages such as better insulation.

By sale channels, the supermarkets/ hypermarkets segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033.  Supermarkets and hypermarkets are progressively emphasizing sustainability, offering more eco-friendly items, eliminating plastic packaging, and promoting local and organic goods in response to consumer demand for ecologically aware shopping experiences.

A prominent trend in the Asia-Pacific paper cup market is a rising trend towards sustainable alternatives, which is being driven by rising environmental consciousness and government programmes supporting sustainable practices.

CMI has comprehensively analyzed the Global Paper Cup market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Paper Cup industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.

List of the prominent players in the Paper Cups Market:

  • International Paper Company
  • Dart Container Corporation
  • Huhtamaki Oyj
  • Georgia-Pacific LLC
  • Mondi Group
  • Koch Industries Inc.
  • Pactiv LLC
  • SEDA International Packaging Group
  • Duni AB
  • Go-Pak UK Ltd
  • Genpak LLC
  • Reynolds Group Holdings Limited
  • Stora Enso Oyj
  • Eco-Products Inc.
  • Lollicup USA,Inc.
  • Taizhou Kindeal Paper Co. Ltd.
  • Anchor Packaging Inc.
  • Nippon Paper Industries Co. Ltd.
  • WestRock Company
  • Benders Paper Cups
  • Others

Table of Contents: https://www.custommarketinsights.com/report/paper-cups-market/#table-of-contents

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