Global Disposable paper cups market was valued at 4290 Million US$ in 2018 and is projected to reach 5651.47 Million US$ by 2024
Disposable paper cups are cups made out of paper and often lined with plastic or wax to prevent liquid from leaking out or soaking through paper. They can be made by recycled paper. They are the least expensive cups and are widely used around the world. Paper can be recyclable; however, paper cups must be coated with a polyethylene plastic (most common used coating) to prevent damage to the cups from hot beverages. Which increase a lot difficulty for recycling paper.
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global market for disposable paper cup has been expanding at a steady pace over the years owing to the consistent demand arising from various end-use industries. The growing applications of disposable paper cup in the office, coffee shop, restaurant, and hospital industries are likely to continue driving the demand for the same over the course of the forecast period. Global Disposable paper cups market was valued at 4290 Million US$ in 2018 and is projected to reach 5651.47 Million US$ by 2024, at a CAGR of 4.7% during the forecast period.
Disposable paper cup plays an important role in a wide range of end-use industries such as coffee shop, office, restaurant, and hospital. By application, office was the leading end-use segment in the global disposable paper cup market, constituting more than 38% in 2018. Coffee Shop takes the market share of about 23% in 2018. Restaurant takes the market share of about 17% in 2018.
Global giant manufactures mainly distributed in North America and EU. The manufacturers in North America and EU have a long history and unshakable status in this field. Manufacturers such as International Paper and Dart Container have relative higher level of product’s quality. In US, Group leads the technology development. Most of Asia manufactures are start-up companies.
The global disposable paper cup market is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In terms of volume, Europe accounted for a share of more than 35% in 2018. The region is estimated to maintain its lead during the forecast period, with the U.S. likely to be one of the prime manufacturers and consumers of disposable paper cup in the next few years. The North America takes the market share of about 18.5%. Asia Pacific is anticipated to be the fastest growing regional market for disposable paper cup. It now takes the sales market share of about 31.5%
Key players in global disposable paper cup market include: International Paper, Dart Container, Konie Cups, Huhtamaki, Koch Industries, Lollicup USA, Kap Cones, Letica, Eco-Products, Swastik Paper Convertors, F Bender, Hengxin Environmental Science & Technology, The Paper Cup Company, Hunan Victory Paper & Plastic Packing, Far East Cup, Ningbo Happypack etc.