According to the latest report by IMARC Group, the global paper cups market reached a volume of 244.7 Billion Units in 2020. Looking forward, the market to exhibit its moderate growth during the next five years.
Paper cups are disposable and recyclable cups that are made by the pulping, bleaching and heating of wood chips. The inner surface of these cups is coated with wax or plastic resin to increase their durability and prevent the content from soaking in and yielding flavor. Paper cups are used for serving consumable liquids such as tea, coffee, soft drinks and soups. As they are easily available and cost-effective, they are gaining traction across the globe.
Global Paper Cups Market Trends:
One of the major factors augmenting the sales of paper cups is the increasing focus on environmental degradation and a consequent increase in the demand for biodegradable products made from renewable materials. In addition to this, the inflating income levels and altering food trends that favor convenience are driving the global paper cups market. Furthermore, owing to the hectic lifestyle and long working hours, consumers are shifting from non-disposable utensils to paper cups that do not require cleaning and can be discarded after usage. Apart from this, these cups are used in social and corporate events owing to their easy availability in attractive colors and prints. Other factors catalyzing the market growth include the growing trend of takeaway services.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/paper-cups-manufacturing-plant
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Paper Cups Market Segmentation:
Middle East and Africa
Breakup by Cup Type:
Hot Paper Cups
Cold Paper Cups
Breakup by Wall Type:
Single Wall Paper Cups
Double Wall Paper Cups
Triple Wall Paper Cups
Breakup by Application:
Tea and Coffee
Chilled Food and Beverages
Breakup by End Users:
Coffee and Tea Shops
QSR and Other Fast Food Shops
Offices and Educational Institutions
Breakup by Distribution Channel:
Some of the leading paper cup manufacturers are:
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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