Market Overview
Global Disposable Paper Cup Market includes several factors as an integral part of the market assessment. These factors are the growing demand for the product to improve hygiene standards, counter the problems triggered by the plastic cup, convenient use, a massive surge in demand from the foodservice sector that includes restaurant and cafeteria, a huge rise in consumption of alcoholic and non-alcoholic beverages, and others.
However, the global market may get distracted by the highly unorganized nature of it.
Competitive Landscape
Reynolds Consumer Products (US), Huhtamaki (Finland), Dart Container Corporation (US), Eco-Products, Inc. (US), Graphic Packaging International, LLC (US), Seda Group, Inc (Italy), F Bender Limited (UK), DUNI AB (Sweden), Compagnie Européenne d’Emballage Robert Schisler (France), YesPac (US), Konie Cups International, Inc. (US), Stanpac Inc (Canada), Geotegrity, Inc (China), and Lollicup USA Inc (US) are some of the major companies in the Global Disposable Paper Cup Market who are witnessing a rapid change in the market due to the ongoing COVID-19 crisis.
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That is why they are rethinking their business plans to come out of the immediate business crisis. Most of their methods are expected to take merger, acquisition, tie-up, innovation, funding, innovation, and others as major thrust-providers.
Industry News
In June 2020, DARSHINIS, famed self-serve eateries from Bengaluru, India, announced that they are ready to serve again after the lockdown in the city was lifted by the local government. As a coping mechanism, they decided to switch to disposable paper cups from their regular reusable glasses. The step is to reduce the chances of the virus spreading and ensure the hygiene standard of the market. However, they fear that they might have to pass the cost onto their clients, but that is expected to be a mild change in tariffs.
This is something that some of the major global brands are also planning to take up. In several countries, restaurant owners have decided to go for this option to ensure they follow the regulations imposed by the World Health Organization (WHO). This is also environment friendly as compared to plastic cups.
Segmentation
Global Disposable Paper Cup Market Report on has been studied by MRFR analysts on the basis of type, application, and distribution channel. These segments have information that can be gleaned for a better market assessment.
By type, the report contains segments like wax-coated paper, post-consumer fiber, air pocket insulated, poly-coated paper, and others. The poly-coated paper segment is dominating the market and is slated to grow past USD 4,462.6 million by the end of 2025, with 5.50% during 2019–2025, which would be higher than its peers.
By application, the global report on the disposable paper cup includes segments like tea & coffee, chilled food & beverage, and others. The tea & coffee segments are expected to witness a rise due to the rising number of stalls and cafeterias in various cities across the world.
By distribution channel, the global report on the disposable paper cup market includes foodservice and food retail. The food retail segment includes supermarkets & hypermarkets, online, convenience stores, and others. The online segment may witness a steady rise in the coming years.
Regional Analysis
In North America, the market had a huge coverage of around 42.70% in 2020, which the region would like to continue in the coming days. The increase in its intake has been triggered by government regulations to inspire environment-friendly consumption and the need to support the fast-moving nature of the urban areas.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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