Report : North America 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 Food Service Segment to Dominate North America Disposable Paper Cups Market during 2021-2028
According to a new market research study on “North America 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$ 5,285.54 million by 2028 from US$ 4,287.43 million in 2021. The market is estimated to grow at a CAGR of 3.0% from 2021 to 2028. The report provides trends prevailing in the North America disposable paper cups market along with the drivers and restraints pertaining to the market growth. Rising demand from foodservice sector, and regulations to promote the use of paper-based solutions are major factors driving the growth of the North America disposable paper cups market. However, recyclability issues of disposable paper cups may hinder the growth of North America disposable paper cups market.
COVID-19 pandemic had a mixed impact on the growth of the North America disposable paper cups market. The pandemic created a huge demand for disposable tableware, such as plates, cups, and bowls, owing to rising hygiene concerns among the people. People restricted themselves from sharing their belongings, including food, to avoid the novel coronavirus infections. Therefore, people prefer eating and drinking food and beverage products in disposable foodware. Moreover, due to the 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, and food containers. Thus, the growing preference for online food delivery and takeout services positively impacted the demand for disposable paper cups. However, there was a shortfall in product supply in the initial months of the outbreak due to the shutdown of manufacturing units and extended lockdowns, which created a demand and supply gap. The marketplace in North America is recovering from its losses, and manufacturers are permitted to operate with full capacity. Manufacturers can overcome the demand and supply gap due to the 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 North America 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 poly-coated paper segment held the largest share in North America disposable paper cups market. Based on end-user, the North America disposable paper cups market is divided into food service, retail, and institutional & industrial. The institutional & industrial segment is expected to be the fastest growing segment over the forecast period. Based on country, the North America disposable paper cups market is segmented into US, Canada and Mexico. In 2020, US held the largest share in North America disposable paper cups market. Furthermore, in this present scenario of COVID 19 pandemic, the North America disposable paper cups market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the North America 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; Tekni-Plex; SCG Packaging and Reynolds Group Ltd. are some of the leading companies in the North America 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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