The Europe Paper Cups Market would witness market growth of 3.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 255.2 million units, showcasing a growth of 3.7% (2019-2022).
Consumers are looking for a cup that is not only durable but also visually appealing. These qualities make these cups more desirable and contribute to their high demand. The increase in demand is also due to the rise in beverage consumption. Such factors propel manufacturers to enhance barrier and seal technologies for these cups and technological breakthroughs for food preservation across the whole supply chain. Environmental concerns drive the shift away from plastic cups. These cups are considered more eco-friendly because they are biodegradable and can be recycled.
The growth of the food service industry, including cafes, restaurants, and fast-food chains, has increased the order for the cups to serve beverages. These cups can be customized with logos and branding, making them attractive to businesses as a marketing tool. The industry has seen innovation in paper cup design, including double-walled insulation cups and improved spill-prevention lids. Companies in the industry are increasingly looking for sustainable sourcing of raw materials and environmentally friendly production processes.
Germany has experienced a significant growth in coffee culture, with more people enjoying coffee as a daily beverage. The proliferation of cafes and coffee shops has increased demand for these cups, as coffee is a popular offering. Germany is known for its strong focus on sustainability and environmental responsibility. Many cafes have embraced eco-friendly practices and use paper cups made from recycled materials or with compostable coatings to align with consumer preferences for more sustainable products. Due to such factors, the market will significantly increase in this region.
The Germany market dominated the Europe Paper Cups Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $802.5 million by 2030. The UK market is exhibiting a CAGR of 2.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 4.2% during (2023 - 2030).
Based on End-User, the market is segmented into Quick Service Restaurants (QSR), Households, and Others. Based on Type, the market is segmented into Cold Paper Cups, and Hot Paper Cups. Based on Wall Type, the market is segmented into Single Wall, and Multiple Wall. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Paper Cups Market will Hit $13.8 Billion by 2030, at a CAGR of 3.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Graphic Packaging Holding Company, Dart Container Corporation, Huhtamaki Oyj, Genpak LLC, Bender, Inc., Georgia-Pacific LLC (Koch Industries, Inc.), Printed Cup Company, Pactiv Evergeen Inc., Konie Cups International, Inc. and Hotpack Packaging Industries LLC
By End-User (Volume, Million Units, USD Billion/Million, 2019 to 2030)
By Type (Volume, Million Units, USD Billion/Million, 2019 to 2030)
By Wall Type (Volume, Million Units, USD Billion/Million, 2019 to 2030)
By Country (Volume, Million Units, USD Billion/Million, 2019 to 2030)
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
