Title: Global Paper Cups and Paper Plates Market Share, Size,Price Trends And Forecast (2018-2023)
1 Global Paper Cups and Paper Plates Market
Catalyzed by Government Initiatives
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3Report Description and Highlights
Report Description
Global Fruit Juice Market Catalysed by Increasing
Health Consciousness Over the years, the global
paper cups and paper plates market have been
growing at a moderate rate. Some of the factors
which are giving impetus to the market include
increasing awareness about hygiene and
sanitation, initiatives undertaken by government,
biodegradability, convenience, etc. Paper cups
and paper plates refer to disposable cutlery
which is lined with plastic or wax in order to
prevent liquid from leaking out or soaking
through the paper. They have been a significant
part of the food and beverage industry for
decades. As paper cups and paper plates are
effective in preventing germination and
transferring of germs, they are highly preferred
in public sphere like schools, colleges, work
places, eating joints, etc. A new research report
titled Paper Cups and Paper Plates Market
Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2018-2023 by IMARC
Group estimates that the global paper cups and
paper plates market was more than US 104 Billion
in 2017. The report further anticipates the
market to exceed US 117 Billion by 2023,
exhibiting a CAGR of more than 2 during
2018-2023.
4Report Description and Highlights
Report Description
- Global Paper Cups and Paper Plates Market
Drivers/Constraints - One of the major factors influencing the market
growth of paper cups and paper plates is the
rising awareness about hygiene and sanitation
amongst consumers. Disposable paper cups and
plates are exposed to high heat during the
process of manufacturing which leaves the product
safe and sterile. - For controlling the environmental damage caused
by plastics, the government of several countries
have prohibited the use of plastic cups while
promoting the use of eco-friendly products. - A strong growth in travel and tourism sector
which extensively utilises paper cups and paper
plates represent another factor that have been
proactive in maintaining the growth of the
market. - Some of the other factors fostering the growth of
the global paper cups and paper plates market
include easy handling, convenience,
biodegradability, recyclability, rising global
population and a consistent demand from emerging
nations. - However, there are a variety of substitutes
available for paper cups and paper plates in the
market which acts a primary factor impeding the
market growth. - Read more here https//www.imarcgroup.com/pap
er-cups-and-plates-market
5Report Description and Highlights
Report Description
Product Type Insights On the basis of type, the
paper cups market is segmented as hot paper cups
and cold paper cups. Currently, hot paper cups
are exhibiting a clear dominance in the market.
Whereas, the paper plates market is segregated
into heavy-duty paper plates and medium-duty
paper plates. Amongst these, heavy duty paper
plates represent the biggest segment. W
all Type Insights Based on wall type, the paper
cups market is classified as single wall and
double wall. At present, single wall paper cups
represent the leading segment with the majority
of the market share. Request Sample Of The
Report https//www.imarcgroup.com/request?typerep
ortid847flagB
6Report Description and Highlights
Report Description
- Regional Insights
- On a geographical front, Asia-Pacific enjoys a
leading position in the global paper cups and
paper plates market, accounting for the largest
market share. Asia-Pacific is followed by North
America, Europe, Middle East and Africa, and
Latin America. - Competitive Landscape
- The market is highly fragmented with the presence
of different small as well as large manufacturers
who are competing against each other in terms of
prices and quality. There is a high competition
in the market which makes it difficult for small
players to survive. Some of the leading players
operating in the market are - Dart Container
- Huhtamaki
- Pactiv LLC
- Letica Corporation
- Georgia Pacific
- Browse more related reports
- Plastic Caps and Closure Market
https//www.imarcgroup.com/plastics-caps-closure-m
arket - US Paper Cups and Paper Plates Market
https//www.imarcgroup.com/us-paper-cups-plates-ma
rket
7Report Description and Highlights
Report Description
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