Europe Disposable Paper Cups Market
Market Introduction
The Europe disposable paper cups market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Evolving lifestyles of people owing to hectic work schedules and rising per capita income is one of the major reasons why people are choosing to eat at quick service restaurants (QSRs) and fast food outlets. Moreover, the trend of spending time with family and friends on weekends is also propelling the growth of foodservice sectors. Additionally, rising preference for takeaway services and online food delivery services owing to penetration of internet and convenience offered by such services is also further driving the growth of foodservice sector across developed as well as developing countries. Over the past few years, there has been growing inclination towards on-the-go beverages and takeout drinks like coffee, soda, and thick shakes, among others due to emerging eating habits of customers. Majority of the people prefer having coffee during their breakfasts, after lunch, and evening hours to energize themselves. People in the corporates, working for extended hours highly prefer having tea or coffee during their work hours to feel stress free. Owing to these factors, the demand for on-the-go coffee and tea has increased significantly. Therefore, with rising number of tea and coffee lovers, the demand for disposable paper cups is also rising.
COVID-19 had a mixed impact on the growth of disposable paper cups market. The pandemic created a huge demand for disposable tableware including plates, cups, and bowls among others owing to rising hygiene concerns amongst the people. People restricted themselves from sharing their personal belonging to others including food owing to avoid the coronavirus infections, Therefore, people prefer eating and drinking food and beverage products in disposable foodware. Moreover, due to the outbreak of COVID-19 pandemic, takeaway services and online food delivery platforms also witnessed significant growth as people preferred eating food in their homes. These services extensively rely on disposable paper tableware such as cups, plates, food containers. Thus, growing preference for online food delivery and takeout services also had a positive impact on the demand for disposable paper cups. However, there was shortfall in product supply in the initial months of the outbreak due to shutdown of manufacturing units and extended lockdowns which created a demand and supply gap. The Europe marketplace is recovering from its losses and manufacturers are permitted to operate with full capacity. Manufacturers are able to overcome the demand and supply gap due to revival of their operations. Moreover, due to rising vaccination rates across the region, the disposable paper cups market is expected to witness a significant growth in the coming years.
Market Overview and Dynamics
The disposable paper cups market in Europe is expected to grow from US$ 2,357.21 million in 2021 to US$ 3,026.93 million by 2028; it is estimated to grow at a CAGR of 3.6% from 2021 to 2028. Amid the outbreak of coronavirus pandemic, hygiene and cleanliness concerns amongst the consumers have increased significantly. Consumers prefer not to share their personal belongings with others to prevent themselves from infections. Disposable paper cups are meant for single time use and are considered to be highly hygienic. The pandemic created huge demand for disposable paper cups as consumers find them hygienic and safe. Many fast food giants such as Dunkin Donuts, Mc. Donald’s, Starbucks, among others have earlier launched a campaign which aimed towards weaning off the disposable foodware. This campaign also urged consumers to bring their own coffee cups to avoid the use of disposable coffee cups. However, following the coronavirus pandemic, public trust in recyclable and refillable container campaign appeared to have plunged down. Therefore, these companies promptly announced the suspension of bring-your-own (BYO) container initiatives. In the midst of the pandemic, disposable products are seen as particularly hygienic when it comes to food and drink packaging. Moreover, a number of other small and large foodservice providers rely on disposable foodware more, especially because many of them are now confined to takeaway services or online food delivery services. These activities are expected to continue in the next years as long as COVID-19 pandemic exists. Thus, the ongoing coronavirus pandemic is expected to open positive growth opportunities for the Europe disposable paper cups market in future.
Key Market Segments
Based on material, the air pocket insulated segment accounted for the largest share of the Europe disposable paper cups market in 2020. Based on end-user, the food service segment accounted for the largest share of the Europe disposable paper cups market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe disposable paper cups market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Huhtamaki; Dart Container Corporation; Duni Group; Graphic Packaging International, LLC; Bender Limited; Seda International Packaging Group; CEE Schisler Packaging Solutions; Tekni-Plex; SCG Packaging and Reynolds Group Ltd.
Reasons to buy report
Europe Disposable Paper Cups Market Segmentation
Europe Disposable Paper Cups Market – By Material
Europe Disposable Paper Cups Market – By Application
Europe Disposable Paper Cups Market – By Country
Europe Disposable Paper Cups Market – Company Profiles
Strategic insights for the Europe Disposable Paper Cups provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,357.21 Million |
| Market Size by 2028 | US$ 3,026.93 Million |
| Global CAGR (2021 - 2028) | 3.6% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Material
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Disposable Paper Cups refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe Disposable Paper Cups Market is valued at US$ 2,357.21 Million in 2021, it is projected to reach US$ 3,026.93 Million by 2028.
As per our report Europe Disposable Paper Cups Market, the market size is valued at US$ 2,357.21 Million in 2021, projecting it to reach US$ 3,026.93 Million by 2028. This translates to a CAGR of approximately 3.6% during the forecast period.
The Europe Disposable Paper Cups Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Disposable Paper Cups Market report:
The Europe Disposable Paper Cups Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Disposable Paper Cups Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Disposable Paper Cups Market value chain can benefit from the information contained in a comprehensive market report.
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