According to a new report, published by KBV research, The Global Paper Cups Market size is expected to reach $13.8 billion by 2030, rising at a market growth of 3.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 1350.6 million units experiencing a growth of 4.0% (2019-2022).
The Quick Service Restaurants (QSR) segment is registering a CAGR of 3.3 % during the forecast period. QSRs use paper cups to serve various beverages, including coffee, soft drinks, iced tea, and milkshakes. Paper cups are versatile and suitable for both hot and cold beverages. Many QSRs are making efforts to use eco-friendly and sustainable paper cups. This aligns with consumer preferences for more environmentally responsible options. Quality paper cups that are well-designed, insulated, and have secure lids can enhance customer experience and satisfaction.
The Cold Paper Cups segment is leading the Global Paper Cups Market, By Type in 2022, thereby, achieving a market value of $8.1 billion by 2030. Some cold paper cups are designed with double-wall construction to provide insulation and prevent condensation, which can help keep the drink cold and prevent the cup from becoming too wet. They can be customized with branding, logos, or decorative designs to promote businesses or add a personal touch to special events. Straws can also be included for customer convenience. Cold paper cups are typically intended for one-time use and are easily disposed of after consumption.
The Single Wall segment is growing at a CAGR of 3.5 % during the forecast period. Single wall cups have a straightforward design with a single layer of paper, making them lightweight and easy to manufacture. Single-wall paper cups are typically made from renewable and biodegradable materials, making them a more environmentally friendly alternative to single-use plastic or foam cups. Many single wall cups are also coated with biodegradable or compostable materials, reducing their environmental impact.
The North America region dominated the Global Paper Cups Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.4 billion by 2030. The Europe region is anticipated to grow at a CAGR of 3.4% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 4.5% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/paper-cups-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography (Volume, Million Units, USD Billion/Million, 2019 to 2030)
Companies Profiled
Unique Offerings 
