Paper Glass Market Forecast and CAGR
According to latest research by Fact.MR, paper glass market is set to witness growth during assessment period of 2021-2031. Increasing demand for disposable and ecofriendly products are on the rise. People are becoming aware about hygiene and environmental issues. Paper glass demand is forecasted to rise at 4.5% CAGR over next 10 years.
What is Driving Demand for Paper Glass?
Increased demand for disposable packets at fast-service restaurants to prevent leaks or spills of beverages will create future paper glass market demand. The proliferation of soft drinks and fast food as a result of the busy lifestyle of many cities in the developed world has led to the opening of new fast-food restaurants and coffee shops. This trend is slowly gaining momentum in the developing world.
Environmental damage due to plastic glass has led to various organizations promoting the use of paper glass due to its environmentally friendly nature, which has had a positive effect on the global paper glass market.
In addition, due to increased hygiene and hygiene awareness, consumers consider discarded paper glass to be safer than non-recyclable cups, as they are exposed to high heat during the production process which eliminates bacteria and makes the product almost sterile. However, the availability of cheap replacement materials, such as Styrofoam, plastic, and glass cups, poses a serious risk to the sale of Glasses worldwide.
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Covid-19 Impact on Global Paper Glass Market
Paper glass demand increased during the COVID-19 epidemic as coffee shops and food service stations were authorized to use one-time use cups to reduce risk of infection with non-reusable cups. While the scourge of disposable cups became increasingly popular due to the increase in online food delivery and the use of disposable cups was raised to ensure hygiene and minimal delivery links.
Many fast-food chains did urge the customers to bring their own containers during the pandemic as the orders were confined to delivery only. Increased consumption of paper glass led to the generation of a huge amount of solid waste and strained the recycling infrastructure.
Global Paper Glass Geographical Outlook
Paper glass is widely used as utensils for cold and hot drinks such as tea, coffee, cold drinks, cold coffee, iced tea, yoghurt and ice cream among others. Presently, paper glass used to handle hot drinks and food market accounting for more than half. On an inclusive basis, they are widely used as coffee and tea containers, accounting for approximately half of global application. Food and soft drinks are second biggest application category.
The global paper industry is helping growth in the ever-growing paper industry, especially in South America and Asia. Paper consumption is increasing every year and exceeding 400 million tons of annual use recently. Japan, China, and the United States account for more than half of its consumer spending, taking 1/4 of the market by consumption. North America succeeds the way ahead in per capita consumption.
While its use is declining slightly in North American region, providing greater growth opportunity in Asia Pacific, particularly with a planned increase for the industry. European countries are leading consumers of paper and its products. Increased usage of paper products due to several fast food and coffee chains using paper utensils like paper glass, and awareness regarding environmental effects of using plastic utensils play key factors for demand for such items.
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Who are the Key Manufacturers of Paper Glass?
Few of dominant manufacturers are
- Benders Paper Cups
- Nippon Paper Industries Co. Ltd.
- The International Paper Company
- Huhtamäki Oyj
- Dart Container Corporation
- Dixie Consumer Products LLC
- Go-Pak UK LTD
The paper glass manufacturers thrive on producing varieties of glass taking into account the demand and what kind of cups are needed by consumers. Manufacturing the types of cups which fulfils the demand of consumers is the key to gain market share. Market players are focusing on strategic collaboration, merger and acquisition along with new eco-friendly product launches to strengthen their market position amidst severe competition.
Paper Glass Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
An Adaptive Approach to Modern-day Research Needs
By Cup Type
- Cold Paper Cups
- Hot Paper Cups
By Wall Type
- Triple Wall
- Double Wall
- Single Wall
- Chilled Food and Beverages
- Coffee and Tea
By End User
- Offices and Educational Institutions
- Coffee and Tea Shops
- Residential Use
- QSR and Other Fast Food Shops
By Cup Capacity
- Up to 150 ml
- 151 to 350 ml
- 351 to 500 ml
- Above 500 ml
By Sales Channel
- Super and Hyper Markets
- Convenience Store
- Direct Sales
- Third Party E-Commerce Sales
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
- North America
The report 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 in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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