The North America Paper Cups Market Size was valued at USD multimillion in 2022 and is expected To Grow at a CAGR of 2.8% during the forecast period 2022-2032.
https://www.sphericalinsights.com/reports/north-america-paper-cups-market
Market Overview
A paper cup is a disposable cup that is often sealed with wax or plastic to prevent liquid from seeping through the paper and spilling out. It is sterilized and killed by intense heat during manufacture. Customers are switching to paper cups to save time owing to their hectic lifestyles and long workdays. This is boosting the need for paper cups in North America, as is the expanding trend of takeout services. To reduce their environmental effect, consumers are actively seeking eco-friendly replacements. The partnership of Starbucks and McDonald's to produce a 100% recyclable and biodegradable cup exemplifies North America's quest for ecologically friendly packaging. Both companies agreed that environmental concerns needed to be addressed and collaborated on the NextGen Cup Challenge, an initiative to explore environmentally sustainable cup solutions. This partnership demonstrates the industry's commitment to promoting innovation in ecologically friendly packaging, including paper cups.
Report Coverage
This research report categorizes the market of North America paper cups market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America paper cups market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the North America paper cups market.
Driving Factors
Paper cups are the most common disposable food and beverage containers due to busy clients' out-of-home consumption. Paper cup-using restaurants, cafés, and coffee chains are also driving market expansion. Paper cups may be branded and personalized by businesses, enhancing their appeal. Starbucks, Dunkin' Donuts, and Tim Hortons in North America serve hot and cold beverages in disposable paper cups to their on-the-go consumers. According to the National Coffee Association's 2020 National Coffee Data Trends study, 62% of Americans consume coffee regularly, primarily outside the house. Paper cup demand is increasing as on-demand meal delivery and QSRs rise.
Restraining Factors
Consumers and companies both demand environmentally friendly alternatives to paper cups and other single-use goods. Reusable cups are threatening paper cup sales. Many coffee shop patrons bring their reusable cups. Coffee shops and enterprises that give discounts or incentives for bringing their mugs foster this trend. Starbucks' "Bring Your Own Tumbler" initiative offers consumers a discount for using their cups. This decline in paper cup use has an impact on market growth.
Market Segment
In 2022, the solar segment is dominating the market with the largest market share over the forecast period
Based on the cup size, the North America paper cups market is segmented into less than 8 Oz, 8-12 Oz, and more than 12 Oz. Among these segments, the market is dominated by the 8-12 Oz domain segment, which is predicted to increase at a CAGR of 3.0% during the forecast period.
In 2022, the residential segment is dominating the highest market growth during the forecast period
Based on the cup type, the North America paper cups market is bifurcated into hot beverage cups and cold beverage cups. Throughout these segments, Hot Beverage Cup led the market and is estimated to grow at a 2.3% CAGR during the forecast period. This is due to the increased consumption of coffee, tea, and hot chocolate in North America. The heated paper cup has an anti-blocking and thermal insulation coating that is partly covered with PE resins.
In 2022, the residential segment is dominating the highest market growth during the forecast period
Based on the wall type, North America paper cups market is bifurcated into single wall, double wall, and triple wall. Throughout these segments, the double wall segment is dominating the market during the forecast period. Double wall cups are designed with an additional layer of paper, which provides better insulation and makes them suitable for both hot and cold beverages. The extra layer helps to keep hot drinks hot and cold drinks cold for a longer period. These cups are often used for serving hot beverages like coffee, tea, or hot chocolate.
In 2022, the United States is dominating the highest market growth during the forecast period
Based on the country, the North America paper cups market is divided into the United States, Canada, & Mexico. Throughout these segments, the United States is leading the market over the forecast period. The paper cup industry in the United States continues to grow due to a variety of causes. Because of a large customer base and a robust restaurant business, the market for paper cups is relatively strong. The market benefits from the food service sector's strong presence, sustainability initiatives, customized possibilities, technological advancements, and a good customer perspective. Manufacturers are expected to focus on sustainable practices, innovation, and meeting the changing expectations of US companies and consumers as the sector develops.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the North America paper cups market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
Huhtamaki Group
International Paper
Georgia-Pacific LLC
Solo Cup Company
Key Target Audience
Market Players
Investors
End-users
Government Authorities
Consulting and Research Firm
Venture capitalists
Value-Added Resellers (VARs)
Recent Development
In March 2023, Huhtamaki and Sporting Kansas City worked together to decrease garbage from Children's Mercy Park.
In March 2023, International Paper (NYSE: I.P.), a global maker of ecologically friendly packaging, pulp, and other fiber-based goods, has been selected as one of the 2023 World's Most Ethical Companies by Ethisphere, a leader in defining and strengthening the norms of ethical business practices.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the North America Paper Cups Market based on the below-mentioned segments:
North America Paper Cups Market, By Size
Less Than 8 Oz
8-12 Oz
More Than 12 Oz
North America Paper Cups Market, By Cup Type
Hot Beverage Cup
Cold Beverage Cup
North America Paper Cups Market, By Wall Type
Single Wall
Double Wall
Triple Wall
North America Paper Cups Market, By Wall Type
United States
Canada
Mexico