The global paper cups and containers market produced around 1900 thousand tons in 2016 and is likely to surpass 2154 thousand tons by 2021, says Technavio.
Technavio has announced its latest market research report on the global paper cups and containers market, under its packaging portfolio. This market analysis discusses the main drivers and key emerging trends and offers an analysis of key vendors like Dart Container, Huhtamaki, Industrial Development Company, and International Paper.
According to Sharan Raj, a lead analyst for packaging research at Technavio, “The increasing demand for packaged beverages and foods will drive the growth in the paper cups and containers market. The growing requirement for paper cups, paperboard containers, and packaging products will boost the sales in this market. The rising consumer preference for lightweight and easily disposable products will encourage vendors to introduce new designs of cups and containers in the global market.”
The manufacturers in the market are using advanced substrate technology to prevent contamination of packaged foods by grease and oxygen. The introduction of paperboard food trays that are PET lined, which is microwavable and reheatable will revolutionize the food and beverage industry. These products are used for frozen or chilled foods, and ready-to-eat meals as these trays are easy to use, easily disposable, and more sustainable compared to plastic containers.
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Growing concern toward sustainability
The increasing demand for environmentally friendly packaging solutions will drive the growth in the paper cups and containers market. Various companies are focusing on the development of sustainable packaging that is recyclable and biodegradable to reduce pollution and carbon footprint. The vendors are focusing on developing packaging materials that can be recycled and moisture and heat resistant. Moreover, the introduction of new barrier technology to develop a barrier coating that can be readily recycled will augment the growth in the market.
Growing use of PLA-coated paper cups
PLA products are derived from renewable resources, such as sugarcane and corn that help reduce the use and wastage of petroleum. Paper cups are coated with PE to make them waterproof and are more durable in nature. PLA-coated cups are made from renewable resources and can be repulped into tissue papers and kraft papers. Paper cups and containers are coated with plastic linings to make them waterproof and grease resistant.
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This industry research report contains an in-depth study of market sizes and shares of the sub-sections and geography. A breakdown of the key organizations, including their key financials, market shares, business overview, etc. is delivered in this study. This market study also offers a detailed analysis of primary drivers, challenges, and prospects influencing this market.
A comprehensive analysis is presented in the Technavio report named, ‘Global Paper Cups and Containers Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Foodservice Disposable Market 2017-2021
- Global Dairy Packaging Market 2016-2020
- Global Fast-Moving Consumer Goods Packaging Market 2016-2020
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