Paper Hot Cups Market: An Overview
Paper hot cups market is majorly used by the food and beverage industry across the globe. The rising lifestyle trend of the consumer who prefers takeaways in their busy hectic schedule has caused tremendous growth in the paper hot cups market. Paper cups are heavily demanded as it brings success in compostable foodservice packaging. Currently paper hot cups market is dominating the market because of the consumption pattern of consumers who prefer to drink more tea and coffee per day compared to the paper cold cups market that consumers do not prefer to as frequently.
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Paper Hot Cups Market: Dynamics
The main factors that drive the growth of the paper hot cups market are the concerning sanitization, hygiene and the trending “on the go” lifestyle of the consumer. Consumers have started to become more aware of the environmental issues to stop the usage of plastics and also the hygiene issues of reusing a cup to drink any beverage have made them acknowledge the disposable hot cups.
The restraints that will affect the growth of the paper hot cups market are the usage of paper as hot cups require a thick-walled cup which will require more quantity of paper. Indirectly paper is also derived from trees which will also affect the environment in a way. This will be considered as a waste of natural resource.
Paper hot cups market has a great opportunity to attain great success since the COVID-19 pandemic as the usage of reusable cups have decreased because of the safety and hygiene concerns that people started to have since social distancing began. Consumers prefer to use their cups and much better if it is disposable. This increases the market segment for paper hot cups market from only using it café, restaurants, hospitals, educational institutes, supermarket, food courts to using the paper hot cups for household purposes too. Also, considering the manufacturing process of the paper hot cups, it can withhold any heat as they are exposed to heat while manufacturing which makes the cups sterile as the heat will kill all the bacteria and purifies the product practically sterile.
Paper Hot Cups Market: Regional Outlook
The paper hot cups market is aided by the paper industry which is growing at a steady pace specifically in Asia and South America. Paper hot cups market is being consumed excessively in China, United States, and Japan as its accounts for half of the market share globally followed by Europe. The lifestyle of the consumer in countries like America, India, and Japan is quite hectic they prefer to consume items that are ready to use or a takeaway. In countries like these paper hot cups is needed to serve hot coffee or hot tea or hot chocolate or even hot milk from time to time to keep them fresh in their busy days.
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The growth of the paper industry is directly proportional to the growth of the paper hot cups market all over the globe as discussed the Paper Hot Cups uses double walled paper to protect the heat from escaping the cup. So in short this affects the usage of paper in the Paper Cups.
Paper Hot Cups Market: Key Players
Key players in the paper hot cups market are,
- Benders Paper Cups
- Huhtamaki Oyj.
- International Paper Company
- Dart Container Corporation
- Konie Cups International Inc.
- Kap Cones Private limited
- Eco-Products, Inc
- Phoenix Packaging Operation
- Shanghai Xinyu Paper Cup
- Nippon Paper Industries Co. Ltd.
- Lolicup USA, Inc.
- Genpak LLC (Great Pacific Enterprise, Inc)
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