According to the latest report by IMARC Group, titled “US Paper Cups and Paper Plates Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the US paper cups and paper plates market share.
The US paper cups and paper plates market size reached US$ 21.45 Billion in 2021. Looking forward, the market is expected to reach a value of US$ 21.92 Billion by 2027. Paper cups and paper plates are eco-friendly, disposable cutlery that are made up of cardboard and other paper-based materials. They are lined with wax or plastic and an extra insulating layer to prevent leakage of the liquid through the paper. This coating aids in retaining the heat, moisture, and flavor, thereby increasing product performance and durability. In order to meet the hygiene requirements, paper cups and plates are manufactured using non-recycled materials that can easily be decomposed to form nutrient-rich compost. As compared to its Styrofoam counterpart, they are more lightweight, convenient to use, and safer. Commercially available in a variety of sizes and shapes, paper cups and plates are extensively used for serving food and beverages across several establishments.
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US Paper Cups and Paper Plates Market Trends:
One of the key factors driving the US paper cups and paper plates market growth is a significant expansion in the food service sector. Additionally, increasing home delivery services of food and beverages due to the advent of online food service platforms is acting as another growth-inducing factor. In line with this, rapid establishment of cafes and quick service restaurants (QSRs) and the trend of on-the-go beverage culture are also inflating the sales of paper disposables in the country. Apart from this, increasing health awareness is encouraging consumers to adopt sanitary and hygienic products, such as paper cups and paper plates, which is catalyzing the market growth. Moreover, rising environmental concerns has prompted The Federal Government of the United States (US Federal Government) to formulate policies that ban the usage of plastic products and promote its biodegradable and compostable alternatives. This, in turn, is creating a positive outlook for the market. Besides this, manufacturers are investing considerably in research and development (R&D) activities to introduce new strategies, such as advanced substrate technology, that manipulates grease and oxygen to prevent content contamination. This is projected to drive the market toward growth further.
Key Market Segmentation:
The report has segmented the US paper cups and paper plates market on the basis of product type and wall type.
US Paper Cups Market:
Breakup by Product Type:
- Hot Paper Cups
- Cold Paper Cups
Breakup by Wall Type:
- Single Wall
- Double Wall
US Paper Plates Market:
Breakup by Product Type:
- Heavy-Duty
- Medium-Duty
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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Article source: https://article-realm.com/article/Finance/34843-US-Paper-Cups-and-Paper-Plates-Market-Size-Share-Trends-Analysis-and-Forecast-to-2027.html
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