From GlobeNewswire: 2024-06-26 11:30:00

The global paper cups market is projected to reach USD 13.2 Billion by 2033, with a compound annual growth rate (CAGR) of 4.1% from 2024 to 2033. Consumers are increasingly favoring paper cups over plastic due to their biodegradability and recyclability. The market is seeing a shift towards sustainability and innovation, driving growth and shaping a more eco-friendly future for packaging.

Within the paper cups market, the up to 150 ml cup capacity segment held the highest market share in 2023 and is expected to maintain its dominance through 2033. Cold beverage cups are also on the rise, with a focus on renewable resources and novel designs. Supermarkets and hypermarkets lead in sale channels, catering to the growing demand for eco-friendly products.

In the Asia-Pacific region, the paper cups market is experiencing rapid growth due to increasing environmental consciousness and government initiatives supporting sustainability. The region accounts for a significant market share and is a key player in the global paper cups industry. Strategic partnerships and alliances are further promoting the use of paper cups and driving market expansion.

Key players in the paper cups market include International Paper Company, Dart Container Corporation, Huhtamaki Oyj, Georgia-Pacific LLC, Mondi Group, Koch Industries Inc., Pactiv LLC, and SEDA International. The industry is characterized by innovation, sustainability, and customization to meet consumer demands and propel market growth.



Read more at GlobeNewswire: [Latest] Global Paper Cups Market Size/Share Worth USD 13.2