Paper Cups Market worth US$ 8,094.5 Mn in 2027
Paper Cups Market: Key Regional Markets to Register Significant Growth During the Forecast Period: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2027
This study offers a comprehensive, 360 degree analysis on the Paper Cups market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Paper Cups market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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Paper Cups Market Analysis: Hot Beverage Paper Cups to Account for Around 2/3rd of the Global Paper Cups Market Value Share in 2018
According to Future Market Insights’ latest market report titled “Paper Cups Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2027”, increasing focus of end-users on eco-friendly foodservice solutions expected to escalate the growth of paper cups market, during the forecast period. Globally, the revenue generated by the paper cups market has been estimated to be around US$ 8,094.5 Mn in 2018 and is projected to increase at a CAGR of 4.0% in terms of value during the forecast period.
The global paper cups market is segmented by end-user as foodservice, institutional and household.
The foodservice segment is estimated to account for around half of the global demand for paper cups. The full service restaurants are reluctant towards the adoption of foodservice disposables as the usage of reusable tableware is economic, as well as satisfies consumers. Majorly fast food service outlets, coffee shops, and other beverage outlets are the major consumer of the paper cups within foodservice segment. Starbucks, one of the globally known leader in global beverage foodservice outlets, has created a benchmark in the annual consumption of paper cups, and also collecting used paper cups for recycling to fresh paper cups. Advancement in printing technology has played a crucial role in the improved adoption rate of paper cups. Various complex printing technologies such as litho-offset, flexo-offset, digital and other printing techniques are capable of efficiently printing aesthetic graphics on the curved surface of paper cups.
In institutes where using reusable cups is not a feasible solution, demand for paper cups is rapidly developing. Majority of the institutes and public places in the developed economies of Western Europe and North America region are equipped with self-service vending machine for providing consumers snacks and beverages. Paper cups are also placed within the vending machine to serve the beverages. Thus, institutional segment is projected to witness rapid growth in the paper cups market.
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Market structure of the global paper cups market
Detailed profiles of paper cups manufacturers are also included in the report to evaluate their strategies, key product offerings, financials, and recent developments. The key players operating in the global paper cups market include Georgia-Pacific LLC, Dart Container Corporation, Huhtamaki Oyj, International Paper Company, Genpak, LLC, Lollicup USA, Inc., Pactiv LLC, Westrock Company, Coveris Holdings S.A., Paper Cup Company, Nippon Paper Industries Co., Ltd., Be Green Packaging, among many others.
Few of the key developments observed among Paper Cups manufacturers are:
- On 5th October 2018, Georgia-Pacific LLC introduced Dixie Ultra® Insulair Paper Hot Cup, which is equipped with air pockets that insulates the hot beverage from the cup holder’s hand
- On 2nd January 2018, International Paper Company acquired the food service division of Graphic Packaging International LLC, and entered into the paper cups business
- On 1st October 2018, Graphic Packaging International LLC acquired food service business of Letica Corporation, a subsidiary of RPC Group PLC
- On 16th March 2017, Huhtamaki Oyj introduced Adtone cup, a disposable paper cup with digitalized connection. The cup is equipped with heat activated thermochromic label and a QR code with programmed link to customer’s website
- On 3rd January 2017, Huhtamaki Oyj launched Monaco cup, a single-use paper cup featuring a label with a unique QR code
- On 24th January 2017, Nippon Paper Industries Co., Ltd. launched the paper cup business in Vietnam with around US$ 1.8 Mn of paid-in capital
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