About Hot Paper Cup-
Hot Paper cups are a type of disposable cup that is used for drinking tea, coffee, soft drinks, and soups. Polyethylene, the most common plastic resin, is coated on these cups, which helps boost their durability and performance by preventing condensed moisture from soaking inside and retaining flavour. Consumers were using paper cups to save time and effort due to their hectic lifestyles as well as busy schedules because these cups do not necessitate cleaning and can be easily discarded after use. The global rise in takeaway services and ready-to-eat food has also influenced the demand for paper cups.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hot Paper Cup- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dart Container (United States), Huhtamaki (Finland), International Paper (United States), ACE UK (United Kingdom), Detpak (Australia), Eco-Products (United States), Konie Cups International Inc. (United States), Benders Paper Cups (United Kingdom), Go-Pak Ltd. (United Kingdom) and Shanghai Xinyu Paper Cup (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are VaioPak (United Kingdom), Cups Galore P/L. (Australia), Tokan Kogyo Co., Ltd (Japan), Letica (United States), The Paper Cup Company Pty. Ltd. (Australia) and Hefei Hengxin Environmental Science & Technology Co., Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Hot Paper Cup- market by Type (Air Pocket Insulated, Poly-Coated Paper, Wax-coated Paper, Post-Consumer, Sustainable and Others), Application (Tea & Coffee Shop, Fast Food Shops, Offices, Educational Institutes And Multiplexes, Supermarket (Food Courts) and Household) and Region.
On the basis of geography, the market of Hot Paper Cup- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Hot Paper Cup- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. 4oz will boost the Hot Paper Cup- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growth Of The Paper Hot Cups Market Are The Concerning Hygiene And The Trending
Market Growth Drivers:
Increasing Demand For Take Away Coffee Will Accelerate The Sales Of Paper Cups and Increasing Fast Food Consumption In Developing Regions Fuel The Growth For Market
Challenges:
Intense Competition Among Player
Restraints:
Availability Of Cheaper Substitutes
Opportunities:
Growth Of The Paper Industry Is Directly Proportional To The Growth Of The Paper Hot Cup and Increasing Government Initiatives Towards Reducing MSW Like Banning Plastic Packaging In Food Industry
Market Leaders and their expansionary development strategies
On 3 January 2021, Huhtamaki has acquired full ownership of its Polish joint venture company Huhtamaki Smith Anderson sp. z o.o. from Smith Anderson Group Ltd. (SA). The company manufactures and sells foodservice paper bags in Eastern Europe at Huhtamaki's facility in Czeladz, Poland.
On 30 March 2021, International Paper has purchased two state-of-the-art corrugated box plants in Spain, further growing its capabilities in Madrid and Catalonia, the largest industrial regions in the country. Corrugated packaging is a strategic business for International Paper in EMEA and offers customers high-quality packaging solutions in the industrial, fresh fruit and vegetable, and e-commerce segments
Key Target Audience
Hot Paper Cup Manufacturers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.