by Overview:
Paper cups are a common and convenient way for people to get their coffee on the go. Most of these cups aren’t recycled and end up as trash or landfill as they are coated with plastic. Thankfully, a new innovation is trying to change that by making paper cups that don’t have any plastic coating. The current paper cups that are used for hot or cold beverages are mostly composed of solid bleached sulfate (SBS) paperboard and then coated with polyethylene for liquid-proofing. This is an improvement from the original clay or wax linings that were used for the same purposes. These alternatives are not as good for the environment as the use of recycled materials. To increase the amount of these paper cups that are recycled, more commercial establishments need to offer the service and consumers need to be sure they are putting their cups into the correct bins. This will also help to ensure that the cups are able to reach the MRFs where they can be processed and made into new items.
Market Dynamics:
Rising business expansion is estimated to augment the growth of the global Paper Cups Market during the forecast period. For instance, International Paper is building a state-of-the-art corrugated packaging plant in Atglen, Pennsylvania, in December 2021. This plant will employ almost 150 members and it will allow the expansion of the company in the northeastern United States. Moreover, rising costs and increasing side effects associated with paper cups are anticipated to restrain the growth of the global paper cups market during the forecast period.
Impact of COVID-19:
The pandemic was identified in 2019 in China. It affected many nations globally and had a drastic impact on the global economy. The pandemic also hampered trade activities across the world. Many regulations were imposed to prevent transmission of the virus. These restrictions led to disruptions in supply chains and a shortage of manpower and raw materials in many industries. The demand and production of many products were also hampered. The pandemic led to a ban on recreational activities, and social gatherings, shutting downs of restaurants and clubs. This led to a decrease in demand for paper cups globally. Thu, the pandemic had a negative impact on the global paper cups market.
Key Takeaways:
The global Paper Cups Market is expected to witness high growth, exhibiting a CAGR of 3.10 % over the forecast period, due to increasing rising product launches. For instance, Bender Paper Cups introduced the “Garda Embossed Insulated Cup”, in 2021. It has a one-of-a-kind design and the product line also offers several different hot mugs.
Asia-Pacific is anticipated to witness significant growth in the global paper cups market during the forecast period, due to growing demand for paper cups and rising urban population.
Key players operating in the global paper cups market are Detmold, Huhtamaki, International Paper, Konie Cups International, Inc, Eco-Products Inc, Genpak, LLC, Jiangsu Xinyu Bio-Tech Co., Ltd., Conver Pack, Inc, Grupo Phoenix, Dart Container Corporation, Kap Cones Pvt. Ltd., and Georgia-Pacific.
