Report : Europe Disposable Paper Cups Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Air Pocket Insulated, Poly-Coated Paper, Wax Paper, and Others), and End-User (Food Service, Retail, and Institutional & Industrial)
The Air Pocket Insulated Segment to Dominate Europe Disposable Paper Cups Market during 2021-2028
According to a new market research study on “Europe Disposable Paper Cups Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Material, End-User and Country,” is expected to reach US$ 3,026.93 million by 2028 from US$ 2,357.21 million in 2021. The market is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The report provides trends prevailing in the Europe disposable paper cups market along with the drivers and restraints pertaining to the market growth. Incrementing demand from foodservice sector, and regulations favoring the use of paper-based solutions are major factors driving the growth of the Europe disposable paper cups market. However, issues in recycling of disposable paper cups may hinder the growth of Europe disposable paper cups market.
COVID-19 had a mixed impact on the growth of disposable paper cups market. The pandemic created a huge demand for disposable tableware including plates, cups, and bowls among others owing to rising hygiene concerns amongst the people. People restricted themselves from sharing their personal belonging to others including food owing to avoid the coronavirus infections, Therefore, people prefer eating and drinking food and beverage products in disposable foodware. Moreover, due to the outbreak of COVID-19 pandemic, takeaway services and online food delivery platforms also witnessed significant growth as people preferred eating food in their homes. These services extensively rely on disposable paper tableware such as cups, plates, food containers. Thus, growing preference for online food delivery and takeout services also had a positive impact on the demand for disposable paper cups. However, there was shortfall in product supply in the initial months of the outbreak due to shutdown of manufacturing units and extended lockdowns which created a demand and supply gap. The Europe marketplace is recovering from its losses and manufacturers are permitted to operate with full capacity. Manufacturers are able to overcome the demand and supply gap due to revival of their operations. Moreover, due to rising vaccination rates across the region, the disposable paper cups market is expected to witness a significant growth in the coming years.
The market for Europe disposable paper cups is segmented into material, end-user and country. Based on material, the market is segmented into air pocket insulated, poly-coated paper, wax paper, and others. In 2020, the air pocket insulated segment held the largest share in Europe disposable paper cups market. Based on end-user, the Europe disposable paper cups market is divided into food service, retail, and institutional & industrial. The retail segment is expected to be the fastest growing segment over the forecast period. Based on country, the Europe disposable paper cups market is segmented into Germany, France, Italy, UK, Russia and rest of Europe. In 2020, UK held the largest share in Europe disposable paper cups market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe disposable paper cups market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for disposable paper cups.
Huhtamaki; Dart Container Corporation; Duni Group; Graphic Packaging International, LLC; Bender Limited; Seda International Packaging Group; CEE Schisler Packaging Solutions; Tekni-Plex; SCG Packaging and Reynolds Group Ltd. are some of the leading companies in the Europe disposable paper cups market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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