Global Paper Cups and Containers Market Overview:
The expanding demand for packaged goods and beverages, as well as the increased use of paper in bakery packaging and the growing need for paper cups, will all provide significant growth prospects. Because of the environmental damage caused by plastic cups, numerous groups have promoted the use of paper cups as an environmentally friendly alternative, which has had a positive impact on the worldwide paper cup market. Furthermore, as consumer awareness of cleanliness and hygiene grows, disposable paper cups are perceived as being safer than reusable cups, as they are exposed to high heat during the manufacturing process, which kills microorganisms and renders the product almost sterile.
- Increasing innovation to replace plastic with other material
- Rising demand for disposable packaging in quick-service restaurants to limit the leakage or spillage of beverage
- Surging consumer inclination towards cleanliness and hygiene especially during a pandemic
- High costs of raw materials
- Evolving lifestyle and establishment of fast food restaurants in middle-income and developed countrie
- Increasing consumption of beverages and fast food due to busy lifestyle in most of the cities in developed countries
- Availability of cheaper substitutes
The companies are determining this industry across new geographical areas by accepting numerous strategic growth areas such as mergers & acquisitions, expansions, investments, new product launches, and others. The market key players are exploring new areas through growths and achievements across the globe to benefit from competitive advantage through combined synergies.
Some of the key players profiled in the report are Dart Container (United States), Huhtamaki (Finland), International Paper (United States), ACE UK (United Kingdom), Detpak (Australia), Eco-Products (United States), Fold-Pak (United States), Georgia-Pacific (United States), Magnum Packaging (United Kingdom), Mondi (United Kingdom) and Smurfit Kappa Group (Ireland). Additionally, following companies can also be profiled that are part of our coverage like STORA ENSO (Finland), VaioPak (United Kingdom) and WCP Solutions (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Paper Cups and Containers market by 2026.
Latest Market Insights:
25th June 2021, Nippon Paper Industries Co. Ltd acquired a significant share of a Norway-based liquid paper packaging company called Elopak ASA in Elopak’s initial public offering on the Oslo Børs.
In April 2021, Popeyes fast food restaurant chain collaborated with Gulf First Fast Food Company to establish and promote the Popeyes brand in the Kingdom of Saudi Arabia. Gulf First received an exclusive master franchise and development deal for the territory
What Can be Explored with the Paper Cups and Containers Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Paper Cups and Containers Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Paper Cups and Containers
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Paper Cups and Containers market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Paper Cups and Containers market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Paper Cups and Containers Manufacturers, Raw Material Suppliers, Traders, Distributors, and Polymer Fillers Suppliers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Paper Cups and Containers Market?
The Paper Cups and Containers market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Paper Cups and Containers Market?
Top performing companies in the Global Paper Cups and Containers market are Dart Container (United States), Huhtamaki (Finland), International Paper (United States), ACE UK (United Kingdom), Detpak (Australia), Eco-Products (United States), Fold-Pak (United States), Georgia-Pacific (United States), Magnum Packaging (United Kingdom), Mondi (United Kingdom) and Smurfit Kappa Group (Ireland), to name a few.
3. What trending factors would impact Paper Cups and Containers Market growth most?
"Rising trend of takeaway services and ready-to-eat food across the globe" is seen as one of major influencing trends for Paper Cups and Containers Market during projected period 2020-2026.