According to IMARC Group’s latest report, titled “Paper Cups and Paper Plates Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global paper cups and paper plates market reached a value of US$ 112.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 128.5 Billion by 2027, exhibiting a CAGR of 2.3% during 2022-2027.
Paper cups and plates are composed of paper-based materials and are coated or lined with wax or plastic to prevent the contents from soaking through the paper. Additionally, consumers prefer disposables over reusable utensils because of sanitation and hygiene consciousness. They are extensively adopted for serving food and beverages like soft drinks, tea, coffee, instant noodles, sweet corn, etc. There are different varieties of paper cups and plates available in the market, which vary in size, shape, and texture.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Paper Cups and Paper Plates Market Trends and Drivers:
The high prevalence of hectic work schedules and sedentary consumer lifestyles is catalyzing the on-the-go consumption of food and beverages, thereby augmenting the demand for paper cups and plates. Additionally, the growing number of drive-in cafes, quick service restaurants, food trucks, etc., is also propelling the adoption of paper cups and plates on a global level. Apart from this, the implementation of stringent environmental laws against the usage of plastic and foam disposables is further catalyzing the product demand. Moreover, the emergence of biodegradable product variants for reducing land pollution levels will continue to drive the market growth in the coming years.
Paper Cups and Paper Plates Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
- International Paper Company
- Dart Container Corporation
- Solo Cup Company LLC (Dart Container Corporation)
- Dixie Consumer Products LLC (Georgia-Pacific LLC)
- Hefty (Reynolds Consumer Products LLC)
- Huhtamäki Oyj
- F Bender Limited (Flo, Nupik and Dopla)
- Go-Pak UK Ltd. [SCG Packaging (SCGP)]
Key Market Segmentation:
The report has segmented the global paper cups and paper plates market on the basis of product type, wall type and region.
Global Paper Cups Market Breakup:
- Product Type
- Wall Type
Global Paper Plates Market Breakup:
- Product Type
- Heavy-duty paper plates
- Medium-duty paper plates
- Asia Pacific
- North America
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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