NEWARK, Del., Dec. 20, 2022 (GLOBE NEWSWIRE) — The paper cone cup market is experiencing unprecedented growth predicted to reach US$3.5 billion by 2032, fueled by growing demand from the worldwide packaging industry. affected to some extent. , With projected sales of U$2.2B in 2022 and growing at an average rate of 4.75% annually, this emerging sector is set for incredible success over the next decade.
Paper cone cups are the perfect combination of convenience and sustainability. Featuring a tightly rolled rim for structural integrity, these single-use vessels can be used in vending machines or customized to provide essential branding information with vibrant multi-color images – all while boasting their durability while maintaining With such attractive features, it is no wonder that paper cone cups have become an international sensation, fueling the growth of the market across the globe.
Paper cone cups are perfect for today’s lifestyle. Whether you’re grabbing a quick drink at your local mall, watching a movie at the theaters or taking some time to relax at the amusement parks – these handy and hygienic cups provide convenience that’s both safe and cost-effective. Rising demand coupled with the global spread of popular coffee chains such as Starbucks and Costa Coffee has made Paper Cone Cups one of the major drivers behind the market growth.
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By 2032, the paper cone cup market is expected to reach new heights due to the increase in their adoption for food products packaging. Consumer concerns about waste generation and increasing awareness towards eco-friendly materials will drive the demand for these cups. Furthermore, increased environmental awareness combined with consumers’ desire to pursue eco-friendly alternatives is encouraging greater usage of paper cone cups across the globe during this period.
An analyst at FMI says, “Increased demand from malls, theatres, amusement parks and other similar institutions is expected to encourage the global growth of the paper cone cups market during the forecast period.”
key takeaways:
• Stringent environmental regulations and demand for traditional paper cups may limit the growth of the paper cone cup market.
• Demand for eco-friendly packaging materials is likely to strengthen the market prospects for paper cone cups during the assessment period.
• The Paper Cone Cup market in North America is estimated to register a CAGR of 3% during the forecast period.
• Europe’s paper cone cup market will register a high growth rate due to large-scale ban on the use of single-use plastics.
competitive landscape
Shield Embailers, Axis Versatile SDN.BHD, Ebull Packaging Pvt Ltd, Longyouxian Jinlong Paper Co., Ltd, Cali Packaging Pte Ltd, Tri Wall Pak. Pvt. Ltd. and Forlit, AS, among others are some of the key players in the paper cone cup market that have been profiled in the full version of the report.
Owing to the presence of a large number of market participants, the paper cone cup market is highly competitive. International players such as DS Smith and Smurfit Kappa Group account for a considerable share of the market. Thus, many market participants are focusing on strategic mergers, acquisitions, partnerships and collaborations to strengthen their market position.
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More Insights into the Paper Cone Cup Market
As per the latest FMI reports, on the basis of segmentation, institutional and theatre, and mall applications are anticipated to generate high demand for the overall paper cone cups market.
On the basis of region, the paper cone cup market in North America is expected to exhibit impressive growth during 2022-2032. The target market in this region is expected to record a CAGR of 3% due to rising environmental concerns. Expanding fast-food chains, especially in the United States, increasing number of vending machines, and safety and hygiene issues associated with the use of plastic cups are expected to drive the growth of the paper cone cups market during the forecast period.
Worldwide concern for the environment, rapid growth of cafes and fast-food chains, and elements of hygiene propel the growth of the paper cone cups market during the projection period.
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Key Segments Profiled in the Paper Cone Cup Industry Survey
Product:
- Rolled Paper Cone Cup Rims
- Straight Paper Cone Cup Rims
- Funnel Paper Cone Cup
Capacity:
- 4 oz paper cone cups
- 4.5oz Paper Cone Cup
- 5oz Paper Cone Cups
Application:
- Paper Cone Cups for Food Service Outlets
- Paper Cone Cups for Quick Service Restaurant
- Paper Cone Cups for Cafe
- Paper Cone Cups for Institutional Applications
- Paper cone cup for office
- Paper Cone Cups for Families
- Paper Cone Cups for Theaters and Malls
distribution channel:
- Paper cone cup sales through offline channels
- hyper market
- supermarket
- Grocery store
- Other
- Paper cone cup sales through online channels
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table of content
1. Executive Summary
1.1. Global Market Outlook
1.2. demand side trend
1.3. supply side trends
1.4. technology roadmap analysis
1.5. analysis and recommendations
2. Market Overview
2.1. Market Coverage / Classification
2.2. Market definition / scope / boundaries
3. Market Background
3.1. market dynamics
3.1.1. the drivers
3.1.2. Helplessness
3.1.3. Occasion
3.1.4. trends
3.2. impact of covid-19
3.2.1. Demand in optimistic scenario
3.2.2. Demand in potential scenario
3.2.3. demand in conservative scenario
3.3. Macro Factors and Predictive Factors
3.4. value chain analysis
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