The North America Paper Cups Market would witness market growth of 3.1% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 388.3 million units, showcasing a growth of 3.2% (2019-2022).
Cafes and restaurants use disposable paper cups to instantly serve their customers coffee, tea, soup, and other beverages. These products are available in different shapes, sizes, and colors. They prefer custom-printed disposable food service products to portray their brand information and build restaurant service sales. Growing demand for these cups, plates, trays, spoons, and other disposable food service products in restaurant settings accelerates the market growth.
The beverage industry is expanding and is expected to contribute significantly to the market for these cups. As the industry evolves and offers a wide range of beverages, the demand for suitable carriers also increases. The popularity of ordering beverages for takeaway and home delivery grew. This trend further drives the need for these cups as customers require secure and efficient packaging for transporting their drinks. One of the main aspects boosting the market expansion is the rising demand for these cups in the increasing trend of consumption of on-the-go beverages. Consumption on the go continuously increased alongside rising urbanization, associated with frenetic habits.
QSRs in the US serve various beverages, including soft drinks, coffee, tea, milkshakes, and iced beverages. The rising number of QSR outlets leads to increased beverage sales, which drives the demand for these cups for serving these drinks. The expansion of QSRs in the US has significantly contributed to the demand for these cups, as these establishments rely on them to serve beverages. The market has evolved to meet the unique needs of the QSR industry, including customization, convenience, and sustainability, and it is expected to continue growing as more QSRs enter the market and focus on providing a diverse array of beverage options. The above factors will drive the market growth in this region.
The US market dominated the North America Paper Cups Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,193 million by 2030. The Canada market is experiencing a CAGR of 5.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 4.5% during (2023 - 2030).
Based on End-User, the market is segmented into Quick Service Restaurants (QSR), Households, and Others. Based on Type, the market is segmented into Cold Paper Cups, and Hot Paper Cups. Based on Wall Type, the market is segmented into Single Wall, and Multiple Wall. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Paper Cups Market is Predict to reach $13.8 Billion by 2030, at a CAGR of 3.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Graphic Packaging Holding Company, Dart Container Corporation, Huhtamaki Oyj, Genpak LLC, Bender, Inc., Georgia-Pacific LLC (Koch Industries, Inc.), Printed Cup Company, Pactiv Evergeen Inc., Konie Cups International, Inc. and Hotpack Packaging Industries LLC
By End-User (Volume, Million Units, USD Billion/Million, 2019 to 2030)
By Type (Volume, Million Units, USD Billion/Million, 2019 to 2030)
By Wall Type (Volume, Million Units, USD Billion/Million, 2019 to 2030)
By Country (Volume, Million Units, USD Billion/Million, 2019 to 2030)
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