India Paper Cups Market | Industry Analysis, Size, Share, Trends and Forecast 2020-2025
According to IMARC Group’s latest report, titled “Paper Cups Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” finds that the market size reached a volume of 264 Billion Units in 2019. Paper cups are a type of disposable cups used for holding food and beverages such as tea, coffee, soft drinks and soups. They are coated with a plastic or wax layer, which prevents the liquids from soaking through or leaking out of the paper. With the growing food industry and the emerging trend of takeaway services in India, the demand for paper cups is increasing.
India Paper Cups Market Trends:
The rising awareness among consumers about cleanliness and hygiene has encouraged them to use disposable paper cups as they are considered safer as compared to their reusable counterparts. These cups undergo extreme heat during the manufacturing process, which kills bacteria and sterilizes the product. Apart from this, on account of the environmental damage caused by plastics, the Government of India is promoting the use of paper cups as they are biodegradable, recyclable and tend to take lesser time to get decomposed as compared to the plastic or foam cups. Besides this, due to the rapid urbanization and busy lifestyles, people across the country prefer paper cups owing to the several advantages offered by them. They help in saving time and effort, require no premeditation or cleaning, and do not need to be returned as they can be easily discarded after use. On account of these factors, the market is projected to reach a volume of 294 Billion Units by 2025, registering a CAGR of 1.8% during 2020-2025.
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- Based on the cup type, the market has been segmented into hot and cold paper cups.
- On the basis of the wall type, the market has been classified into single, double and triple wall paper cups.
- The market has been categorized based on the cup size into small, medium and large.
- On the basis of the application, the market has been divided into tea and coffee, chilled food and beverages, and others.
- Based on the end user, the market has been segregated into coffee/tea shops, fast food shops/QSRs, offices, educational institutes and multiplexes, supermarkets (food court) and others.
- Region-wise, the market has been segmented into Maharashtra, Uttar Pradesh, Tamil Nadu, West Bengal, Gujarat and others.
- The competitive landscape of the market has also been examined, with some of the key players being Leetha Group, Sri Lakshmi Polypack, Octane Ecowares Pvt Ltd., Plus Paper Foodpac Limited, Neeyog Packaging, Swan International, Manohar International Private
For more information about this report visit: https://www.imarcgroup.com/indian-paper-cups-market
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