The global sales of the paper cone cup cups market are anticipated to create robust growth opportunities over the forecast period from 2022 to 2032 by exhibiting a CAGR of 4.75% from 2022 to 2032. The global market was valued at US$ 2.2 Billion in 2022 and is anticipated to surpass a valuation of US$ 3.5 Billion by 2032.
The growth of the paper cone cup market is attributed to its global utilization across the packaging industry. Furthermore, the North American region is predicted to be a dominant region for the paper cone cup market anticipated to be driven primarily by the well-established presence of food chains in the US.
The Paper Cone Cup cups are one-time use and are known as throwaway cups composed of paper with a plastic or wax coating in order to prevent liquid from spilling or soaking. Because of their efficient durability and sustainability, single-use disposable paper cone cups are becoming increasingly popular. Moreover, paper cone cups combined with tightly rolled rims are anticipated to keep their structural integrity, making them acceptable in vending machines. Additionally, multi-color images can be printed on these cups to provide branding information. The primary factor that is expected to drive the growth of the paper cone cup market across the projection period comprises the high demand for paper cone cups from institutions such as malls & theatres and other recreational parks.
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Traditional paper cups can efficiently replace paper cone cups for numerous purposes. Traditional paper cups start the table in the disposable cup sector and are expected to hamper market growth. In addition, stringent laws put on deforestation in response to increased environmental concerns will further halt the growth of the paper cone cup market during the forecast period.
Key Takeaways
- The primary factor that is estimated to propel the growth of the global paper cone cup market across the projection period incorporates the cup’s significant properties such as easy-to-use, hygienic, safe, and other functionality. These aforementioned factors are anticipated drive market growth over the coming years.
- Paper cone cups are expected to meet the needs of modern life cost-effectively. In addition to that, the increasing penetration of coffee chains, such as Starbucks, Costa Coffee, and Café Coffee Day, across the globe is another factor that drives the market growth.
- Various indications such as the surging demand for short-run custom printed cups are primarily being utilized by standalone coffee and ice cream shops that need greater volumes and fast deliveries. This factor is anticipated to propel the growth of the paper cone cup market during the forecast period.
- The global paper cone cup market is likely to bolster amid the surging immigration rate combined with the growing civil population, which has increased the number of vending machines and water coolers globally.
- A significant rise has been witnessed in the adoption of paper cone cups for the packaging of various food products which is anticipated to surge the demand for paper cups by the end of the assessment period.
- Increasing concerns regarding waste generation, along with increased demand for eco-friendly packaging materials, are expected to have a positive impact on the growth of the paper cone cups market. In addition, rising environmental concerns and growing public awareness about eco-friendly packaging are some other driving forces behind the paper cone cup market’s rapid growth during the forecast period.
Competitive Landscape
The key players in the global paper cone cup market are highly competitive due to the presence of a such high number of participants in the global landscape. Numerous global players are accounting for a considerable market size, several regional-level players are also operating across key growth regions, particularly in North America
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The Major Players Are-
- DS Smith
- Smurfit Kappa Group
- YOJ pack-kraft
- DNA Packaging Systems
- Eltete Malaysia Sdn Bhd
- Green Label Packaging
- Sonoco
- others
More Insights into the Paper Cone Cup Market
North American region is anticipated to dominate the global paper cone cup market as it accounts for the largest market share globally. The rising trend of using paper cone cups is expected to continue during the projection period attributed to the proliferation of fast-food chains and the expanding popularity of portion-controlled intakes in the U.S., which can be attributable to this need. Moreover, increased foot traffic has resulted in a considerable increase in vending machine numbers, which is projected to feed the demand for paper cone cups in the region.
Key Segments Profiled in the Paper Cone Cup Industry Survey
Product:
- Rolled Paper Cone Cup Rims
- Straight Paper Cone Cup Rims
- Funnel Paper Cone Cups
Capacity:
- 4 Oz Paper Cone Cups
- 4.5 Oz Paper Cone Cups
- 5 Oz Paper Cone Cups
Application:
- Paper Cone Cups for Foodservice Outlets
- Paper Cone Cups for Quick Service Restaurants
- Paper Cone Cups for Cafes
- Paper Cone Cups for Institutional Applications
- Paper Cone Cups for Offices
- Paper Cone Cups for Households
- Paper Cone Cups for Theaters and Malls
Distribution Channel:
- Paper Cone Cups Sales via Offline Channels
- Hypermarkets
- Supermarkets
- Convenience Stores
- Others
- Paper Cone Cups Sales via Online Channels
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