Paper Cups and Paper Plates Market to Hit US$ 128.5 Billion by 2027, with a CAGR of 2.3% - Exclusive Report by IMARC Group

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 size reached 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 paper plates represent single-use, disposable containers used to serve foods and beverages, including tea, coffee, and instant noodles. They are generally lined or coated with wax or plastic to prevent liquid from soaking or leaking through the paper. Paper cups and paper plates also offer convenience, durability, cost-effectiveness, and the ability to avoid the transfer of germs. As a result, they are widely utilized across commercial and institutional establishments, including cafes, schools, offices, hospitals, and other public spaces.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.imarcgroup.com/paper-cups-and-plates-market/requestsample

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Paper Cups and Paper Plates Market Trends:

The increasing consciousness regarding hygiene and sanitation among consumers is among the key factors stimulating the paper cups and paper plates market. Moreover, the rising usage of disposables, as they are biodegradable and usually take less time to decompose than their plastic variants, is acting as another significant growth-inducing factor. Besides this, the launch of favorable initiatives, such as the implementation of the ban on single-use plastics to promote the adoption of eco-friendly products, owing to the increasing environmental concerns, is positively influencing the global market. Furthermore, the rising fast-food consumption and the emerging on-the-go coffee culture, on account of hectic lifestyles and the inflating consumer disposable incomes, have accelerated the adoption of paper cups and plates for serving snacks and beverages, which is also propelling the market growth. Apart from this, the growing focus on sustainable development has prompted prominent brands, including Starbucks to replace plastic packaging with paper cups and paper plates, is further fueling the global market. Additionally, the development of 100% recyclable or compostable paper disposables manufactured using fiber-based raw materials with enhanced features, such as heat resistance for oven applications, is anticipated to fuel the paper cups and paper plates market over the forecasted period.

Paper Cups and Paper Plates Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the paper cups and paper plates market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Huhtamäki Oyj
• Benders Paper Cup Company
• The International Paper Company
• Dart Container Corporation
• Go-Pak UK Ltd.

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
1. Hot Paper Cups
2. Cold Paper Cups

• Wall Type
1 Single Wall
2 Double Wall

Global Paper Plates Market Breakup:

• Product Type
1. Heavy-duty paper plates
2. Medium-duty paper plates

Breakup by Region:

• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
• Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

𝐀𝐬𝐤 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 𝐟𝐨𝐫 𝟏𝟎% 𝐟𝐫𝐞𝐞 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/request?type=report&id=847&flag=C

This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

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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