Paper Cold Cup Market: An Overview
Paper cold cups plays an important part in the supply chain of the food & beverage Industry. They are a huge success when it comes to food service packaging. They have gained popularity in recent times as they don't require any cleaning and are easy to dispose of. With the rise in consumerization and change in lifestyle, the use of 'go-to' cups is trending these days. These paper cold cups are coated with a plastic resin, which increases the shelf life and performance by avoiding moisture to condense which subsequently retains the flavour of the beverage. Paper cold cups have become common for consuming beverages such as tea, coffee, soft drinks, and many others. Urbanization is a key factor responsible for the rise in the use of paper cold cups, they significantly save effort and time which has become a commodity no one intends to waste.
Paper Cold Cup Market: Dynamics
Plastic cups have caused a lot of environmental damage; thus government came up with strict regulations to curb this menace. The promotion of paper cold cups by different organizations have resulted in a positive impact on the market. The demand for the paper cold cup has exponentially increased due to the rise in takeaway and ready to eat food services. Furthermore, with the rise in awareness about hygiene and cleanliness, consumers now prefer to paper cold cups instead of reusable cups because while manufacturing they are in presence of very high temperature which kills bacteria.
But the availability of cheaper alternatives like plastic, Styrofoam possess a major threat to the paper cold cup market. The ban on plastic products in countries like Indonesia and Thailand by the year 2021 will drive the growth of this market. China has also instructed the food and beverage industry to reduce the use of a single-use plastic product by 30%.
The rise in popularity of vending machine is going to work well for the paper cold cup market too. Intelligent vending machine is a success when it comes to complementation of smart features for better customer experience especially in developed nations, paper cold cup manufacturers must exploit this change to have a stake in it. Food servicing platforms in schools, hospitals, stadiums, road street vendors serve countless consumers daily.
COVID-19 has provided lucrative growth opportunities for the paper cold cup market to grow. With the rise in cases and a complete shutdown been implemented by many countries, food services are becoming more of a boon and so many big players are making it their responsibility to provide them with a safe and hygienic product. Thus comes the rise in usage of paper cold cups in delivery and takeaway services by outlets like Burger King, Starbucks to provide the customer with their products with utmost care and maintaining the standards of safety. Such factors are anticipated to bode well for the paper cold cup market for the forecasted period.
Paper Cold Cup Market: Segmentation
Paper Cold Cup can be segmented by wall type, distribution, application, end-user.
By Wall Type, Paper Cold Cup can be segmented into;
- Triple Walled
By Application, Paper Cold Cup can be segmented into;
- Tea and Coffee
- Cold Beverages
By End User, Paper Cold Cup can be segmented into;
- Quick Service Restaurants
- Office and Educational Institutions
- Residential Uses
Paper Cold Cup Market: Regional Outlook
North America continues its hegemony over the market, which accounts for almost one-third of the total revenue of the market. The government has set up strict regulations to manage the plastic waste generated. Soon, North America will lose some of its share of the market to the Asia-Pacific region in the coming time as evolving lifestyles and demand for convenience in the food and beverage industry will result in the significant rise of the sector. Europe has also seen a rise in the use of paper cold cups, in a survey over 10 beverages sold in the European Union 6 were sold in paper cold cups. This further volume increase per capita signifies a steady and strong growth of the paper cold cup market.
Paper Cold Cup Market: Key Players
Key Players in Paper Cold Cup Market are;
- International Paper Company
- Huhtamaki OYJ
- Dart Container Corporation
- Bender Paper Cups
- Konie Cups International Incorporation
- Colpac Ltd.
- DUNI AB
- Pactiv LLC
- World Centric
- Genpak LLC
The report paper cold cup market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on paper cold cup market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Middle East & Africa (MEA)
- South Asia
- East Asia
- A detailed overview of the parent market
- Changing paper cold cup market dynamics in the industry
- In-depth paper cold cup market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the paper cold cup market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.