New York City, NY: Jun 25, 2019 – Published via (Wired Release) – Paper cups are disposable, cylindrical shaped containers, coated with either wax or plastic (polyethylene), available in distinctive sizes, colors and design. Paper cups have various advantages such as easy to carry or hold, can hold both cold and hot liquids, easy disposal and hygienic, which add to the comfort factor of consumers.
The first five-year cumulative revenue (2019–2023) is projected to be over US$ 100 Bn, which is expected to increase significantly over the latter part of the five-year forecast period. The global Paper Cups market was valued at more than US$ 20 Bn in 2019, and is expected to register a CAGR of 3%.
Key factors expected to drive growth of the global paper cups market are increasing application of paper cups in food & beverages industry, coupled with increasing trends such as home delivery services and take-away services. In addition, growing inclination of consumers towards consumption of coffee, coupled with growing number of restaurants serving coffee across the globe such as Starbucks, Costa Coffee, Café Coffee Day, etc. which use paper cup for serving coffee are expected to drive growth of the global paper cups market.
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Global Paper Cups Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global paper cups market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global paper cups market is expected to expand at a CAGR of 3% over the forecast period.
Global Paper Cups Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, and region/country. The product type segment includes hot paper cups and cold paper cups. The application segment includes tea/coffee, other food & beverages, and chilled food & beverages. The regions/countries covered in the analysis includes North America, Europe, China, Japan, India, South America, Middle East & Africa, and Rest of the World.
By Product Type: The hot paper cups segment is expected to account for highest revenue share contribution as compared to other type segment, and is expected to register highest CAGR of over 3%
By Application: The tea and coffee segment accounted for highest revenue share contribution as compared to other type segments, and is expected to register a CAGR of over 2.9%
By Region/Country: The market in North America is expected to account for highest revenue share in the global paper cups market in 2017. The market in China is expected to register highest CAGR of over 3.5%
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Global Paper Cups Market: Competitive Analysis
The research report on the global paper cups market include profiles of some of major companies such International Paper Company, Dart Container Corporation, Konie Cups International Inc., Huhtamaki OYJ, Koch Industries, Inc., Lollicup USA, Inc., Kap Cones Private Limited, RPC Group Plc (Letica Corporation), Eco-Products, Inc., Thai President Foods Public Company Limited, Grupo Phoenix, Hefei Hengxin Environmental Science & Technology Co., Ltd., Zhejiang Demei Color Printing Co., Ltd., Shanghai Xinyu Paper Cup Co., Ltd., and DONGYANG KANGBAO PAPER CUPS CO., Ltd.
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