Paper Cups Market is expected to surpass US$ 9210 Mn in 2021, at a CAGR of 4.5% between 2021 and 2031.Amidst banning of single use plastics across the globe and growing efforts to eliminate plastic from packaging has led to emergence of paper based packaging items as a feasible solution. This has lead to adoption of paper cups in food service industry over past few years.
Increasing focus on developing recyclable, biodegradable and plastic free cups, high demand for packaged foods and incorporation of disposable products in online food delivery services will further accelerate the market growth.
Get Sample of the report : https://www.futuremarketinsights.com/reports/sample/rep-gb-7591
FMI states that North America paper cups market will expand at 3.7% CAGR throughout the forecast period owing to high production and export of paper cups from U.S. along with the increasing demand from fast food joints in the region.
How is Changing Lifestyle Influencing the Paper Cup Demand?
Increasing consumption of beverages and fast food due to busy lifestyle in most of the cities in developed countries has led to the emergence of new coffee shops and fast serve restaurants. This trend is gradually penetrating in developing regions.
Surge in population along with increasing per capita income in developing nations has boosted the fast food and beverage market. Evolving lifestyle and establishment of fast food restaurants in middle-income and developed countries will emerge as a chief driver of paper cup sales.
Paper cups are cheap, eco-friendly and very hygienic. This has resulted in increased demand for paper cups in take-away and food delivery applications. Heightened awareness regarding harmful nature of single use plastics on environment has promoted the development of disposable packaging solutions to reduce carbon emission, increase recycling and better waste management.
Presence of fast food giants and rising awareness in western countries regarding harmful effects of plastic has boosted the adoption of paper cups in such region. Market players are emphasizing on penetrating emerging economies of Asia and Africa due to surge in opening of fast food joints, rise in millennial and working population and soaring popularity of dining out in these countries.
Get Discount on the report : https://www.futuremarketinsights.com/request-discount/rep-gb-7591
Key Segments Covered in Paper cups Market Study
Cup Capacity:
Up to 150 ml,151 to 350 ml,351 to 500 ml,Above 500 ml
Cup Type:
Cold Beverage Cups,Hot Beverage Cups
Sales Channel:
Supermarkets,Distributors,Departmental Stores,Online Sales
End User:
Food service,Institutional,Households
“Implementation of strict regulations on plastic waste generation WILL drive the sales of paper cups to reduce pollution. Rising demand for disposable and biodegradable packaging to cater to busy lifestyle will boost the paper cups market growth throughout the forecast period,” says the FMI analyst.
Country-wise Analysis Why Is U.S leading the Paper cups Market?
Stringent government policies regarding usage of plastic packaging, increasing paper recycling activities and presence of leading fast food chain in the country will boost the consumption of paper cups across the U.S.
As per the U.S. Environmental Protection Agency’s report, more than 292 million tons of municipal solid waste (MSW) was generated in 2018. Around 69 million tons of total generated MSW was recycled and 25 million tons was composted.
Table Of Content
1. Executive Summary
1.1. Global Market Overview
1.2. Analysis and Recommendations
1.3. Wheel of Opportunity
2. Market Overview
2.1. Market Definition
2.2. Market Taxonomy
3. Paper Cups Market Demand and Pricing Analysis
3.1. Historical Market Volume (Mn Units) and Value (US$ Mn) Analysis, 2016 – 2020
3.2. Current and Future Market Volume (Mn Units) and Value (US$ Mn) Projections, 2021 – 2031
3.3. Y-o-Y Growth Trend Analysis
3.4. Pricing Analysis By Cup Capacity
4. Market Background
4.1. Global Packaging Market Outlook
4.2. Global Food Service Packaging Market: The Benefits
4.3. Foodservice Packaging Legislations
4.4. Top Quick Service Restaurants
4.5. End User Preference Findings
To be Continued…
Ask For Country-Specific Data: https://www.futuremarketinsights.com/ask-country-specific/rep-gb-7591
Rising popularity of vending machines in North America and European nations and development of intelligent vending machines for better customer experience will increase the sales of paper cups throughout the forecast period.
About FMI
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com