As per a new report by Future Market Insights, the global paper cups market is projected to reach US$ 14 billion by 2033. A valuation of around US$ 10 billion is expected to be showcased by the market in 2023, while it is likely to exhibit a CAGR of 4.4% between 2023 and 2033.
The United Kingdom is poised to create a significant growth opportunity of US$ 20 million in the forecast period, driven by the surging consumption of coffee, one of the nation’s favorite beverages. In 2021, data from the British Coffee Association revealed that the UK consumed a staggering 98 million cups of coffee daily, with an average of 76% of the population indulging in this aromatic brew.
The ever-increasing coffee consumption has a ripple effect on the global paper cup market, as coffee is often served in small units or via vending machines, necessitating the use of paper cups. This trend is expected to further boost the rate of coffee consumption, in turn, propelling the sales of paper cups in the UK. As coffee continues to be a go-to choice for many Britons, the demand for paper cups as a convenient and eco-friendly serving solution is set to experience steady growth, fostering a promising market outlook in the coming years.
Paper cups are a worthwhile alternative to plastic cups as paper material is cost-effective and provides a sustainable and disposable alternative to plastic material. Paper cups are primarily single-use cups, which is the main reason for using these cups.
These disposable cups are again segregated through various recycling methods, and the material is again reused for the formation of paper cups. The material of paper cups is a mixture of paper pulp, including bagasse and other natural material. There is no toxin left behind during the recycling process.
Single-use paper cups are gaining attention in food service industry such as hotels, restaurants, and online delivery processes. These businesses require disposable plates, bowls, and cups for serving purposes. There are numerous opportunities that are likely to be created by ‘away-from-home’ consumption of beverages.
A fast-paced lifestyle has influenced food & beverage consumption patterns to a certain extent. This would create lucrative opportunities for growth in the paper cups market, which manufacturers must focus on.
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In the next ten years, focus of manufacturers on the millennial population is likely to intensify. Surging millennial population is expected to be a key driver to expansion of the global paper cups market, as millennials have been known to experience nearly twice the number of away-from-home situations, as compared to adults.
To expand their businesses, manufacturers of paper cups must know what the modern consumer wants and anticipate how their preferences may change over time. Manufacturers of paper cups are expected to mainly focus on the design and appearance of their products to target specific consumers. For instance, high-quality printing on paper cups has a high consumer appeal.
Key Takeaways from Paper Cups Market
- By cup type, the hot beverage cups segment is likely to account for more than 65% of market share by 2023.
- In terms of cup capacity, the 151 to 350 ml segment is expected to generate the lion’s share in the global paper cups market by 2033.
- The food service industry by end user is anticipated to account for 3% of the global paper cups market share by 2023.
- Germany paper cups market is estimated to record a CAGR of 3% during the forecast period.
- The United Kingdom paper cups market is set to create an incremental growth opportunity of US$ 20 million in the next ten years.
“Increasing popularity of paper cups owing to rising installation of vending machines in offices, recreational parks, shopping malls, and airports would drive sales in the global market. Key companies are likely to spend huge sums in the development of unique products to expand their portfolios,” says a lead analyst at Future Market Insights.
Top Trends Fueling Sales of the Paper Cups Market across the Globe
- Sustainability and Environmental Concerns: The global shift towards eco-friendly and sustainable packaging materials has boosted the demand for paper cups. Consumers are increasingly opting for paper cups over plastic or styrofoam due to their biodegradability and recyclability.
- Plastic Alternatives and Regulations: Government regulations and bans on single-use plastics in various regions have encouraged businesses and consumers to adopt paper cups as a more environmentally responsible choice.
- Customization and Branding: Paper cups have become a canvas for brand promotion and creative design. Many businesses use branded paper cups to enhance their image and provide a unique customer experience.
- On-the-Go Lifestyles: The rise of busy, on-the-go lifestyles has driven the demand for convenient, disposable containers like paper cups, which are commonly used for coffee, tea, and other beverages.
- Coffee Culture: The global coffee culture and the proliferation of coffee shops have significantly boosted the demand for disposable paper coffee cups. These cups are often customized with the branding of coffee shops.
- Health and Hygiene: The COVID-19 pandemic has amplified the focus on hygiene and contactless options. Disposable paper cups have gained favor for their single-use nature, reducing the risk of transmission.
- Technological Advancements: Innovations in paper cup production have led to improved designs, materials, and insulating properties, making them suitable for a wider range of hot and cold beverages.
Increasing Emphasis on Printed Paper Cups to Enhance their Aesthetic Appeal Worldwide
Printability has continuously been a key deciding factor for product acceptance. By using paper cups, it is easy to print logos of various beverage brands on their products. Colorful graphics would gain high attention, as compared to simple and plain products.
The importance is to have uniqueness and originality among key players. Brands want something that customers can link with, and which is unique to that specific brand. Key players are coming up with printed paper cups worldwide. Multi-color printing is another key trend in the paper cups market. Hence, the focus is expected to be on creating high-quality printed designs that modern consumers can relate to. Printability of paper cups is also being used as a marketing tool by beverage brand owners.
Competition Landscape: Paper Cups Market
Few key players operating in the global paper cups market include
- Berry Global Group Inc.,
- Huhtamaki Oyj,
- Georgia-Pacific LLC,
- Genpak, LLC,
- Pactiv LLC,
- Dart Container Corporation,
- Frugal Pac Limited,
- Grupo Phoenix Capital Limited,
- F Bender Limited,
- ConverPack Inc., and
- Sabert Corporation
- among others.
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Get Exclusive Insights into the Paper Cups Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the paper cups market, analysing historical demand from 2014 to 2022 and forecast statistics for 2023 to 2033. The study reveals market growth projections for the paper cups based on the cup capacity (up to 150 ml, 151 to 350 ml, 351 to 500 ml, above 500 ml), cup type (cold beverage cup, hot beverage cup), sales channel (supermarket/hypermarket, distributor, departmental/specialty/discount stores, online stores), and end user (food service, institutional, household) across seven regions.
The Paper Cups Market Outlook by Category
By Cup Capacity:
- Up to 150 ml
- 151 to 350 ml
- 351 to 500 ml
- Above 500 ml
By Cup Type:
- Cold Beverage Cup
- Hot Beverage Cup
By Sales Channel:
- Supermarket/Hypermarket
- Distributor
- Departmental/Specialty/Discount Stores
- Online Sales
By End User:
- Food Service
- Institutional
- Household
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East and Africa
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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