Global Paper Cups and Paper Plates Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
The Paper Cups and Paper Plates Market report overview:
“The global Paper Cups and Paper Plates Market Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The Paper Cups and Paper Plates Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global paper cups and paper plates market report has been segmented on the basis of product type, sales channel, and region.
The paper cups and plates are made up of paper and are lined with wax or plastic in order to prevent leaking or soaking of the liquid through the paper. This coating helps increasing performance and durability of products, and also aids in retaining moisture and flavor. These properties make paper cups and plates highly user-friendly across the globe.
Key factors expected to drive growth of the global paper cups and paper plates market is growing food service sector across the globe. In addition, increasing home delivery services of food and beverages, growing online food service platforms, increasing demand for ready-to-go food and beverages, and rising per capita income level are some other factors expected to drive growth of the global paper cups and paper plates market.
Furthermore, rising government initiatives in developing countries such as India, Taiwan, and China, changing consumer preferences, growing retail sector, urbanization, and increasing health awareness and encouraging people to adopt sanitation and hygienic products are some other factors expected to drive growth of the target market over the forecasted period.
However, strict regulations due to rising harmful impact on environment are some factors expected to hamper growth of the global paper cups and paper plates market over the forecast period.
Major players in the target market are focusing on collaborating with fast food services companies such as MacDonald’s, Starbucks, etc. for expanding its geographical footprint as well as to cater the growing demand for paper cups and paper plates products.
In addition, due to changing consumer preferences for organic and biodegradable raw materials owing to awareness for environment, the prominent players are manufacturing organic-based and biodegradable material-based for paper cups and paper plates products.
The market in North America is expected to dominate in the global paper cups and paper plates market. This is primarily attributed to rapidly growing fast food restaurant chains in countries in the region.
The market in Asia Pacific is expected to be an emerging market for the global paper cups and paper plates market, and is expected to register highest CAGR over the forecast period, increasing disposable income and rising adoption of paper plates and cups by various restaurants, hotels, etc. and growing packaging industry in countries in the region.
Moreover, the markets in Europe, Latin America and Middle East & Africa are expected to register significant higher revenue growth in the global paper cups and paper plates market over the forecast period.
GLOBAL PAPER CUPS AND PAPER PLATES MARKET SEGMENTATION:
Segmentation by product type:
- Paper Cups
- Hot Paper Cups
- Cold Paper Cups
- Paper Plates
- Heavy-Duty Paper Plates
- Medium-Duty Paper Plates
Segmentation by sales channel:
- Foodservice Outlets
- Educational Institutes
- Corporate Offices
- Healthcare Facilities
- Convenience Stores
- Mom & Pop Stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Georgia-Pacific LLC
- Huhtamaki Oyj
- The International Paper Company
- Pactiv LLC
- Dart Container Corporation
- D&W Fine Pack LLC
- Hotpack Group
- Letica Corporation
- Genpak, LLC
- Vegware Ltd.
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