Global Paper Cups Market - 2021-2028
|出版日期||內容資訊||英文 180 Pages
|全球紙杯市場：2021-2028 Global Paper Cups Market - 2021-2028|
|出版日期: 2021年07月30日||內容資訊: 英文 180 Pages||
Paper Cups Market Overview
The paper cups market size was worth US$ XX billion in 2020 and is estimated to reach US$ XX billion by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
Paper cups are the type of disposable cups made of paper and lined with plastic to restrict liquid from soaking the paper. The cups are manufactured using food-grade paper, which is hygienic and can store hot or cold liquid for long. With busy schedules and hectic lifestyles, consumers now utilize paper cups to save effort and time as these cups eliminate the need for cleaning and can be simply discarded after use. With the growing awareness and fast-changing lifestyles, the demand for paper cups has increased remarkably year on year.
Disposable paper cups are a solution to offer drinkware in food retailers, cafes, quick service restaurant owners, parties and other places. At present, paper cups have taken a significant share in the beverage industry like tea, coffee, cold drinks for railways, hotels and household & domestic applications. The growing food & beverages packaging trend in food outlets has boosted the demand for effective packaging solutions.
Paper Cups Market Dynamics
The global paper cups market is expected to drive with the rising number of food outlets and online food delivery globally, alternative to reusable glasses & cups and growing emphasis on eco-friendly products.
Growing emphasis on eco-friendly products
The growing emphasis on eco-friendly products is expected to drive the paper cups market in the forecast period. The rising concerns over the use of plastic and its environmental impacts have been trending in the food & beverages industry. Various initiatives have been taken on the global level by multinational food chains and governments to reduce the use of plastic for a sustainable future. For instance, countries like U.S and France have already banned the use of single-use plastic cups.
Paper cups are becoming more prevalent globally to enhance eco-friendly products and reduce susceptibility to foodborne infections. The demand for paper cups is majorly arising from educational institutions, food canteens, IT companies, restaurants, coffee or tea shop, industrial canteen, fast food, supermarkets, health clubs and event organizers. The growing demand for disposable cups is constantly rising globally; for example, the UK will consume 33% more cups by 2030 than it does now. It is predicted that using recycled paper cups can save more than 200 million trees worldwide.
Presence of cheaper substitutes
The presence of cheaper substitutes is responsible for restraining the growth of the paper cups market in the forecast period. The variety of disposable cups available in the market, such as foam, plastic and glass cups are comparatively cheaper than plastic cups, posing a major threat to the growth of the global paper cups market.
The paper cups are responsible for vulnerable environmental impact. There are billions of trees are cut to manufacture paper for paper cups, which emits a large amount of CO2 into the atmosphere. Moreover, paper cups are difficult to recycle due to the use of the plastic coating. It is estimated that almost 2.5 billion paper coffee cups are disposed of in the UK each year and the UK's House of Commons Environmental Audit Committee predicts that with a probability of only 1 in 400 ending up being recycled. It is estimated that coffee cups produce an annual carbon footprint equivalent to 152,000 tonnes of CO2.
But with increasing awareness, various recycling facilities have started recycling paper cups. For instance, in 2021- Georgia-Pacific has started accepting mixed paper bales that contain single-use polyethylene-coated paper cups at its recycled paper mills. The development follows a partnership with the Foodservice Packaging Institute and collaboration with the NextGen Consortium, an initiative led by Closed Loop Partners with founding partners McDonald's and Starbucks to help create opportunities for paper cup recycling.
COVID-19 Impact Analysis
Due to the pandemic, stakeholders across the paper cups industry have seen a notable impact as all the production work, factories and other activities were closed. As a result, production was hindered by halts and supply chain disruption globally. After the pandemic, the governments still impose various restrictions, such as working with half the workforce and fewer operating hours hindering the production cycle of the market.
On the other hand, demand for paper cups has seen a positive demand during the outbreak. Leading countries, including U.S and Canada have witnessed a sharp rise in the adoption of single-use disposable items. The use of reusable cups has been minimized in commercial and residential places as a preventive step from the outbreak. Popular food companies like McDonald's recommend using disposable food-service items to minimize the transmission risk through food-service items. The pandemic has forced leading chains, including Starbucks and Dunkin, to stop using reusable mugs brought by the customers for more than a year, which has created a massive demand for paper cups.
Paper Cups Market Segment Analysis
By product type, the paper cups market is broadly classified into hot beverage cups and cold beverages cups.
The hot beverage cups cups are expected to grow at the fastest CAGR during the forecast period (2021-2028)
The hot beverage cups are expected to hold the largest market for the paper cups market and are expected to continue their dominance in the forecast period. The Clean Water Action and Clean Water Fund estimates that almost 120 billion disposable coffee cups are used by Americans each year. Also, it is predicted that 64% of American adults consume coffee every day and an average American drinks almost 3.1 cups of coffee per day.
With the increasing consumption of hot beverages, leading companies are launching new types of paper cups in the market. For instance, in 2021- Picup has unveiled its plantable paper cups in Poland. The company's 100% biodegradable cups for coffee or tea contain seeds at the filter bottom, allowing a tree to grow after consuming a drink.
Moreover, in 2020- Eatery Essentials has launched its Bio-PBS lined paper cups under its brand 'Return To Nature'. These cups are suitable for hot food & beverages up to 100ºC. The cups are 100% compostable & biodegradable and are approved by FDA and JHOSPA.
Paper Cups Market Geographical Analysis
North America region holds the largest market for the global paper cups globally
North America region holds the largest market share for the paper cups market globally and is expected to continue its dominance in the forecast period. It is estimated that the U.S is one of the highest consumers of disposable cups with a consumption of 50 billion coffee cups each year. According to the UBC Okanagan Food Services, Canadians consume almost 1.5 billion disposable coffee cups every year. The huge consumption of drinkware and evolving culture of on-the-go drinks in the region creates opportunities for the paper cups manufacturers in the region. It is also estimated that between 6 lakh and 8 lakh tons of post-consumer single-use paper cups are consumed each year in the U.S and Canada.
With the increasing environmental concerns in the region, major food & beverage companies are shifting to paper cups. For example, in 2020, Dunkin has announced to shift 100% of its restaurants globally from polystyrene foam cups to paper cups. In all the Dunkin restaurants located in the U.S, the foam cups are substituted by double-walled paper cups. The company's transition to paper cups will eliminate approximately 1 billion foam cups from the waste stream annually.
Paper Cups Competitive Landscape
The paper cups market is highly competitive with the local player's presence, followed by the global companies, contributing to the major share in the market growth. In addition, some of the key players contributing to the growth of the market are Huhtamaki Oyj, Eatery Essentials, Inc, International Paper Company, Georgia-Pacific LLC, Benders Paper Cups, Dart Container Corporation, Westrock Company, Nippon Paper Industries Co., Ltd., Genpak LLC., Plus Paper Foodpac Ltd., Go-Pak Ltd, Gator Paper, Be Green Packaging LLC and others. The major players are adopting various new strategies to dominate the market, such as product launches, expansions, acquisitions and collaborations, contributing to the growth of the Graphene battery market globally.
Eatery Essentials, Inc
Overview: Eatery Essentials, Inc is providing high-quality paper and plastic disposables for the following segments: food processors, food service, supermarkets and C-stores. It is a U.S sister company of Vigour Pak.
Product Portfolio: The Company offers a return to nature bio-PBS lined cups, double wall hot cups, single wall hot cups, single wall cold cups, standard food containers and heavyweight food containers made from paper.
Key Development: In 2020, Eatery Essentials Inc announced the expansion of its new corporate offices, warehouse and manufacturing facility in Dallas. The company has expanded its new 400,000 sq. ft. facility with growing demand for the products.
The global paper cups market report would provide access to an approx: 77 market data table, 76 figures and 225 pages
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