DUBLIN--(BUSINESS WIRE )--The "Disposable Paper Cups Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Material (Air Pocket Insulated, Poly-Coated Paper, Wax-Coated Paper, and Others) and End-User (Food Service, Retail, and Institutional & Industrial)" report has been added to ResearchAndMarkets.com's offering.
The disposable paper cups market was valued at US$ 8,714.28 million in 2021 and is projected to reach US$ 11,039.14 million by 2028; it is expected to grow at a CAGR of 3.4% from 2021 to 2028.
The rising preference for takeaway services and online food delivery services, owing to the convenience and an increase in internet penetration, is driving the food service sector. This, in turn, is propelling the growth of the disposable paper cups market across developed and developing countries.
Over the past few years, there has been a growing inclination towards on-the-go beverages and takeout drinks like coffee, soda, and thick shakes, due to the changing eating habits of customers. A significant number of people prefer having coffee or tea during their breakfasts, after lunch, and in the evening to energize themselves. People in the corporates working for extended hours highly prefer having tea or coffee during their working hours.
Owing to these factors, the demand for on-the-go coffee and tea has increased significantly. Therefore, with the rising number of tea and coffee enthusiasts, the demand for disposable paper cups is rapidly increasing.
The COVID-19 pandemic has restricted many industries' operations and hampered several businesses globally. However, the pandemic has positively impacted the disposable paper cups market and accelerated the demand for disposable tableware, including plates, cups, and bowls, owing to rising hygiene concerns among the people.
People restricted themselves from sharing their personal belongings with others, including food, to avoid COVID-19 infections. However, the supply shortage of raw materials had affected the production of disposable paper cups. Moreover, government lockdowns and increasing shift towards work from home significantly affected the demand for disposable paper cups.
Huhtamaki; Dart Container Corporation; Duni Group; Graphic Packaging International, LLC; F Bender Limited; Seda International Packaging Group; CEE Schisler Packaging Solutions; Grupo Phoenix; SCG PACKAGING; and Reynolds Group Ltd are among the key players operating in the disposable paper cups market.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900