Polycoated Cup Stock Market Forecast and CAGR
The global sales of poly-coated cup stock are expected to grow 5.2% in 2021. However, the overall ten-year compound annual growth rate (CAGR) remains positive during 2021-2031.
Quality single-use goods are no longer a luxury in today's fast-paced society; it is a need. Customers are demanding cups, lids, and stirrers that will offer value and performance, whether serving hot tea, gourmet coffee cocoa. Hence, attributing to the growth of the polycoated cup stock market.
What is Driving the Demand From the Polycoated Cup Stock?
Food packaging such as food wrappers, paper cups, tray mats, grocery bags, containers, bowls, meal boxes, and fast-food containers are made from these polycoated cup stock paper. The polyethylene coating on various types of paper protects the product from moisture, oil, and grime while also providing heat selability. As a result, the product will have a longer shelf life and be more sanitary. The paper is extremely easy to print on.
Polycoated cup stock is highly hygienic, has low heat transfer, and is comfortable holding beverages for longer periods of time.
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US and Canada Demand Outlook for Polycoated Cup Stock Market
During the forecast period, the polycoated cup stock market in North America will grow at a significant rate. According to estimates from the paper and recycling industries, the United States and Canada utilize between 600,000 and 800,000 tons of single-use paper cups every year.
Hot and cold beverage paper cups are composed of solid bleached sulphate paperboard with a waterproofing poly coating. Paper cups are made up of a variety of materials, although most are made up of at least 90% paper fiber. Initially, clay or wax linings were employed for waterproofing; but, when polyethylene (PE) became more widely available, plastic linings and coatings became almost universally adopted.
Using PE and similar materials for lining improves performance while eliminating the unpleasant odors and tastes associated with clay and wax. All these properties are rising the demand for polycoated cup stock in U.S. and Canadian markets
Europe Demand Outlook for Polycoated Cup Stock Market
Europe is predicted to hold a significant share of the polycoated cup stock market in the forecasted period. Although the cups are frequently lined with a polyethylene coating to provide the required limited-term hot liquid, fatty acid, or oil-resistant barrier functionalities, along with maintaining cup integrity and preserve coffee aroma for the ultimate customer experience, the packaging uses sustainable and sometimes recycled wood fiber to make paperboard cup stock.
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Polycoated Cup Stock Market: Key Players
Some key manufacturers operating the business in the polycoated cup stock market globally include
- Bobsen Paper Ware Co.Ltd.
- Graphic Packaging International
- MLJ Implex Ltd.
- Savvy Packaging Ltd.
- Metsä Board
- Sunpro Group
- Evergreen Packaging
- Lansheng Co
- Monsinta International Consulting Inc
Evergreen Packaging offers bio-based polyethylene, which is used to make a totally renewable cup stock. This cup stock was one of the first of its kind, and it was designed to be used both hot and cold.
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 an 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.
Polycoated Cup Stock Market Report Highlights:
- Detailed overview of the 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
Polycoated Cup Stock: Market Segmentation
Based on base board GSM, the polycoated cup stock market can be segmented as:
- 1-Side- GSM range from 150-350
- 2-side-GSM range from 160-350
Based on application, the polycoated cup stock market can be segmented as:
- Cup Blanks
- Tubs- Bigger than cup
- Polycoated cup bottom
Based on end-use, the polycoated cup stock market can be segmented as:
Based on the Region, the polycoated cup stock market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
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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