Global Paper Cups Market – Growth, Trends, COVID-19 Impact,

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New York, December 1, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Global Paper Cup Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” – https: / / www .reportlinker.com / p06187422 /? utm_source = GNW
Many cafes and restaurants have switched to take-out or curbside collection. Some have limited their in-store capacity and implemented creative delivery services to ensure food delivery during shutdowns. This is expected to create a significant demand for paper cup solutions in the food industry. In a few places, due to the pandemic, the ban on single-use plastics has been temporarily lifted as consumers are reluctant towards reusable packaging products due to threats of infection. Therefore, the paper is seen as crucial as the world has stopped to help limit the spread of the coronavirus. This is mainly due to the fact that paper is considered a viable packaging product due to the increasing demand for hygiene products.

Highlights
Paper cups have gained wide acceptance due to their important properties, such as ease of use, hygiene, safety, and other features. They also meet the needs of modern life in a cost-effective manner. According to the Green match 2021, 16 billion paper cups are used for coffee each year.
According to the Paper Cup Alliance, 2.5 billion cups are sold on UK shopping streets each year. Also, according to estimates from the paper and recycling industry, 50 billion cups are used each year in the United States.
In addition, the growing penetration of coffee chains, such as Starbucks, Costa Coffee and Tim Hortons, across the world is the most important growth driver for the studied market. According to studies from the Good News Network, each year Starbuck uses 250 billion take-out cups that serve coffee and tea, the majority of which are paper-based.
Mainly supported by the restaurant industry globally, the upward trend in take-out amid COVID-19-related movement restrictions has generated the need for paper cups. According to the US Census Bureau, more than 225 million customers in the United States, one of the world’s largest fast food markets, are expected to use disposable cups by 2023.
Other indications such as the growing demand for short-term personalized printed cups are mainly used by stand-alone cafes and ice cream parlors who need larger volumes and quick deliveries.
Biodegradable cups, made from a water soluble coating, facilitate disposal and can be recycled efficiently. To increase its application in the food industry, various manufacturers are improving their biodegradable cups with some value added features such as heat resistance for oven applications, heat sealing or water based items which do not present any risk. for human health.
At the start of 2020, the Global Approach sector in India produced disposable and biodegradable paper cups. The company is currently producing paper cups in two different sizes, which can be biodegraded, and plans to introduce a wider variety of sizes in the near future. The companies Biodegradable coffee cups are made from renewable natural plant fibers, such as sugar cane or wood. The coating is made from PLA, a natural, biodegradable and non-toxic corn resin.

Key market trends

Starch-based plastics are expected to hold the main market share

As the name suggests, starch-based plastics are made from starch, an inexpensive biopolymer that is completely biodegradable due to its low density. Starch can be found in various sources of grains, tubers, and roots, such as potatoes, rice, corn, wheat, yams, cassava, and taro, and can be mixed with d ‘other polymers to produce composites with suitable properties. Biodegradable plastics like this help avoid the plastic apocalypse.
According to the UN Environment, the world currently produces around 300 million tonnes of plastic waste each year. Increased R&D activities that target improved materials For example, in June 2021, Südzucker announced funding from the German Federal Ministry of Food and Agriculture. Südzucker has developed plastic films using renewable starch-based raw materials to make AGENACOMP starch-based plastic from the Austrian subsidiary AGRANA Beteiligungs to improve the biodegradability of packaging solutions and make them home compostable .
Südzucker is also involved in another bioplastics project in Straubing, funded by the Bavarian Ministry of Economic Affairs, Regional Development and Energy. Vegetable bags previously made entirely from fossil raw materials have been replaced in several supermarkets in the region with vegetable bags made mainly from renewable raw materials like starch.
Likewise, efforts have been made to recycle excess algae. Algae have been studied to contain cellulose that some plastics specialists have sought to exploit. In November 2021, UK-based Symphony Environmental collaborated with Eranova to create a “smart plastic” bag using recycled green algae. Eranova extracts starch from algae to produce a biodegradable and compostable resin used to make packaging materials. At the same time, by-products such as biomass are used as biofuel or as a supply of animal proteins or by the pharmaceutical and cosmetic industries.
A Gurgaon-based company has also managed to pave the way for India’s biopolymer landscape with a compostable corn starch-derived bioplastic called Dr. Bio. The plant-based biopolymer received approval from the country’s Petrochemical Technology Institute in September 2021, allowing it to replace single-use plastic cases, such as straws, bottles, cups, disposable cutlery. and polythene bags. The company has successfully established a 250,000 square foot manufacturing facility in Ludhiana to support its operations in the commercial biopolymer market.

Asia-Pacific will be the fastest growing market for paper cups

The packaging demand for paper cups in the region dominates on the one hand due to the comparative population and on the other hand due to the increase in out-of-home consumption in Central and Southeast Asia.
For example, according to data released by the Vietnamese Pulp and Paper Association (VPPA), the consumption of paper for packaging in the country during the month of May 2021 was 404,711 tonnes, down slightly ( 4%) compared to the previous month. .
Various paper cup packaging suppliers operating in the region are optimistic about their prospects in 2021 and beyond, due to Vietnam’s stable business situation. In addition, according to SSI Securities Joint Stock Company in Vietnam, the consumption of paper packaging is expected to increase by 12% during the forecast period due to continued urbanization. These are the positive aspects that allow the packaging of paper cups to flourish.
According to World Bank data, around 35% of the entire Indian population will live in cities by 2020. Demand for paper cups in India would be boosted by increasing urbanization and increased use of cups. in quick-service restaurants to provide cold drinks. .
Across the region, QSRs have been aligned to fuel demand for paper cups; for example, Starbucks has launched a new line of eco-friendly packaging, including ground coffee straws and reusable cold drink paper cups. In the coming years, such initiatives to promote recyclable and reusable paper cups will increase the market growth.
From January 2021, the Chinese government banned the use of single-use, non-biodegradable plastics in restaurants. This decision aims to encourage the use of environmentally friendly products and lifestyles. The government is also investing in paper recycling. These factors form a promising and innovative market for paper cups.

Competitive landscape

The competitive landscape of the market is increasingly fragmented, due to the entry of several small players into emerging markets. In developed economies, however, the market remains relatively consolidated compared to developing economies. Some of the recent developments in the market are as follows: –

May 2021 – Graphic Packaging Holding Company announced the end of its successful partnership with International Paper Company. International Paper’s holdings in Graphic Packaging International’s partners were exchanged for an equal number of common shares of Graphic Packaging in the final tranche. As a result, Graphic Packaging fully owns the partnership.
Dec 2020 – BrandBase has created the Jungle Cup, the world’s first plastic-free disposable coffee cup that biodegrades in 12 weeks without resorting to industrial processing. The Jungle Cup gets its name from the fact that for every cup sold, enough money is donated to the Rainforest Trust, an international conservation group, to protect 1 hectare of endangered rainforest.

Additional benefits:

The Market Estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06187422/?utm_source=GNW

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