Paper Cups Market Share, Size, Growth, Demand and Forecast Till 2022-2027: IMARC Group
Paper Cups Market Report
Looking forward, IMARC Group expects the global paper cups market to reach 280.8 Billion Units by 2027, exhibiting a CAGR of 1.27% during 2022-2027.
STE R SHERIDAN, WYOMING, UNITED STATES, April 21, 2022 /EINPresswire.com/ -- According to IMARC Group’s latest report, titled “Paper Cups Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a volume of 260.2 Billion Units in 2021. Paper cups are disposable cups that are coated with polyethylene, which helps in increasing the durability and performance of the cup by preventing the condensed moisture from soaking and retaining the flavor. As a result, paper cups are extensively used for consuming food and beverages, such as coffee, tea, soups, and soft drinks.
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The busy schedules and hectic lifestyles, especially of the steadily increasing working populace, have compelled the consumers to utilize paper cups as they save time and effort by eliminating the need for cleaning. This represents one of the prime factors driving the paper cup market growth. In addition to this, the trend of takeaway services and increasing awareness regarding cleanliness and hygiene are other contributing factors boosting the market growth. The market is also driven by the increasing environmental consciousness, which has encouraged several organizations to promote the use of paper cups as they are eco-friendly, which is further creating a positive outlook for the market across the globe. Looking forward, IMARC Group expects the global paper cups market to reach 280.8 Billion Units by 2027, exhibiting a CAGR of 1.27% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
Benders Paper Cups
Huhtamaki
International Paper
Dart Container
Go-Pak
Market Segmentation:
Regional Insights:
Asia-Pacific
North America
Europe
South America
Middle East and Africa
Breakup by Cup Type:
Hot Paper Cups
Cold Paper Cups
Breakup by Wall Type:
Single Wall
Double Wall
Triple Wall
Breakup by Application:
Tea and Coffee
Chilled Food and Beverages
Others
Breakup by End User:
Coffee and Tea Shops
QSR and Other Fast Food Shops
Offices and Educational Institutions
Residential Use
Others
Breakup by Distribution Channel:
Institutional Sales
Retail Sales
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Note: We are updating our reports, If you want the report with the latest primary and secondary data (2022-2027) including industry trends, market size and Competitive landscape, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.
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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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Elena Anderson
IMARC Services Private Limited
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email us here
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