Global Paper Cone Cup Market - 2021-2028
The global paper cone cup market size was worth US$ YY million in 2020 and is estimated to reach US$ YY million by 2028, growing at a CAGR of YY % during the forecast period (2021-2028).
Food trends influenced the design of disposable cups significantly. The discovery of a paper cup with handles aimed to replicate mugs used for hot drinks was followed by the introduction of the Solo Cup, a paper cone cup, in the 1930s. Paper cone cups are single-use, throwaway cups composed of paper with a plastic or wax coating to prevent liquid spilling or soaking. Because of its durability and sustainability, single-use disposable paper cone cups are becoming increasingly popular. Paper cone cups with tightly rolled rims keep their structural integrity, making them acceptable in vending machines. Additionally, multi-color images can be printed on these cups to provide branding information.
As a result, cup makers are seizing this opportunity and using the flexographic printing technology to give their paper cone cups a customized look, allowing brand owners to use them as a low-cost marketing tool. Furthermore, engraving is typical in the paper cone cup market, particularly among tier 1 enterprises. The strategies promote consumer involvement, allowing them to stand out in a crowded marketplace.
Paper water cups in the shape of cones are inexpensive, compact and versatile, with high liquid resistance. The single-serve paper cone cups can be used for various things, including water, ice cream, sports protein shots, snow cones and food and drink sampling. Because cone cups can't be put down and left behind, they help maintain things hygienic around the water cooler. The low cost of cone-shaped paper cups for water coolers is a big benefit. When ordered in quantity, paper cone cups are less expensive than single-use plastic cups.
Paper cone cups modernize and improve the consumer experience while also assisting with portion management. It is expected to be essential in the growth of the worldwide paper cone cup market. Furthermore, institutions such as theatres, malls and other recreational places will continue to produce considerable demand for paper cone cups.
As individuals become more aware of the need to adopt biodegradable items to reduce pollution globally, the paper cone cup market is increasing. Strong demand for paper cone cups will continue to be generated by institutions such as theatres, malls and other recreational parks. The carbon footprint of a paper cone cup, like that of all food packaging, is minimal compared to the food itself.
New alternatives that lessen reliance on fossil oil-based products while increasing consumer choice are now being produced in the market. Convenience food consumption has increased in emerging nations such as China and India as disposable income has increased. The demand for paper cone cups, which are used for packaging convenience food products, has surged as a result.
The rate of walking in public places such as bus stops, airports, terminals, railways and other places has been consistent. The paper cone cups' development can be attributed to a number of factors, including increased in-migration rates and a growing civil population, which has increased the number of vending machines and water coolers.
Paper cone cups increase and heighten the consumer experience while also assisting with serving intensity control. Paper cone cups may gain popularity among the consumers due to their user-friendliness, as fluids supplied from water coolers and other containers are easy to drink from. The rising consumer experiences are anticipated to play an important part in the growth of the paper cone cup company.
The tremendous demand for paper cone cups generated by systems such as theaters, malls and other recreational venues would generate a lot of interest. As a result, the paper cone cup industry is expected to be profitable due to an increase in the number of vending machines in high-traffic areas. The number of people visiting public locations such as bus stops, airports and train stations has steadily increased.
It rise can be ascribed to a number of factors, including rising migration rates and an expanding urban population, which has resulted in an increase in vending machines, water coolers and other amenities. The use of paper cone cups in fairs is also seen as a common application expected to boost market growth.
The availability of traditional paper cups as an alternative stifles the paper cone cup market.
Traditional paper cups can be used in place of paper cone cups for most purposes. Traditional paper cups start the table in the disposable cup sector and are may hinder the market for paper cone cups during the projection period. It come in a variety of colors, sizes and shapes. It is easy to clean, moisture-resistant and great for serving hot or cold drinks. Standard paper cups are convenient and economical. Some are even insulated to keep hot liquids hot and cold beverages cold for longer periods of time. Hence, traditional paper cups can act as a hindrance for the paper cone cups market.
COVID-19 has had a significant impact on a variety of businesses globally, particularly the food and packaging business. Food packaging businesses were developing new technologies that were environmentally benign, reusable and biodegradable. However, concerns about the hygiene and safety of reused packaging temporarily halt the industry's development toward a circular and sustainable supply chain. Increased digital printing, consumer preferences, e-commerce, new or heightened hygiene and consumer-safety concerns, redefined sustainability and increased sustainability are some of the key areas in the business that have been affected.
By End-User, the paper cone cup market is segmented into foodservice outlets, quick service restaurants, households, fairs, theatres & malls and others.
For the paper cone cups market, the foodservice outlets segment is likely to be the most lucrative.
With growing government food packaging restrictions resulting in more usage of degradable products for the food industry, the segment has a larger proportion of the paper cone cups market. The simplest and most effective way to serve food from a food truck or stand is to use food paper cone cups. Food paper cone cups can be grasped in one hand, allowing the other hand to utilize utensils. Meals cones also make it easier to transport food.
With a rising number of customers opting for take-out or home delivery, many restaurants are contemplating disposable materials for serving and packing, such as cups, plates and silverware. Government laws and rising consumer awareness of environmental issues have resulted in healthier, safer and more convenient eco-friendly materials, driving up demand for paper cone cups.
In the upcoming years, demand for paper cone cups is projected to be driven by North America. The proliferation of fast-food chains and the expanding popularity of portion-controlled intakes in U.S. can be attributable to this need. Increased foot traffic has resulted in a considerable increase in vending machine numbers, which is projected to feed demand for paper cone cups in the region.
As environmental concerns have grown, non-biodegradable plastic cone cups have been phased out in favor of paper cone cups across the region. As a result, overall paper cone cup sales in the region are increasing. Furthermore, rising consumer awareness of health issues has prompted the use of paper cone cups as a more hygienic, reusable alternative to plastic cups.
Furthermore, as many countries increasingly phase out the use of plastics, legislation prohibiting the use of single-use plastics is projected to increase the industry. According to a UNEP (United Nations Environment Programme) report, at least 27 nations have now implemented laws prohibiting the use of single-use plastics to some extent. The UNEP report intends to reduce the global consumption of plastic cups, resulting in the increase of paper cone cups demand.
The market for paper cone cups has grown. Many market participants employ methods such as creative and eco-friendly product launches to enhance their positions and increase revenue growth. Huhtamaki Oyj., Konie Cups International, Inc., Genpak LLC, ConverPack, Georgia Pacific LLC, Dart Container Corporation and others are some of the major participants in the global paper cone cup market.
The global paper cone cup market report would provide an access to an approx. 53 market data table, 45 figures and 180 pages.
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