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(MoneyNewsWire.Net, July 02, 2019 ) As per the latest report by IMARC Group, titled “Paper Cups Market in Europe Research Report and Forecast 2019-2024”, the paper cups market in Europe reached a volume of around 57.3 Billion Units in 2018. Paper cups are made up of food grade paper and are coated or lined with wax or plastic to prevent the liquid from soaking through or leaking out of the cup. These cups are user-friendly, light-weight, non-toxic and recyclable in nature. As a result, they are widely utilized across cafes, canteens, offices, schools, colleges, hospitals and restaurants for serving food and beverage items such as tea, coffee, soups and instant noodles.
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Market Trends:
The thriving beverage industry is a key factor driving the market growth. Owing to factors such as increasing working population along with their hectic lifestyle, high disposable incomes and changing dietary patterns, there has been a significant rise in the takeaway coffee culture across the continent. This, along with the escalating sales of drinks including milkshakes and iced tea, is boosting the demand for paper cups. Several international coffee chains are expanding their business by opening outlets across Europe which, in turn, is driving the demand for paper cups in this region. Moreover, the potential risk of being exposed to germs through the usage of reusable cups coupled with the environmental threat posed by the use of plastic cups have led the consumers to make a shift toward sustainable use-and-throw cups, thereby augmenting the sales of paper cups across the continent. Furthermore, the declaration of a complete ban on single-use plastic cups by 2030 by the European Commission is another major growth-inducing factor for the market. On account of the aforementioned factors, the European paper cups market size is anticipated to grow at a CAGR of 1.1% during 2019-2024, reaching a volume of 61.2 Billion Units by 2024.
Explore full report with table of contents: https://www.imarcgroup.com/europe-paper-cups-market
Market Summary:
Market Break up by Cup Type:
1. Hot Paper Cups
2. Cold Paper Cups
Based on the cup type, the market has been bifurcated into hot and cold paper cups. Amongst these, hot paper cups represent the most popular segment.
On the basis of the wall type, the market has been classified into single wall and double wall paper cups. At present, single wall paper cups exhibit a clear dominance in the market.
Market Break up by Application:
1. Tea and Coffee
2. Chilled Food and Beverage
3. Other Food and Beverage
Based on the application, the tea and coffee segment accounts for the majority of the total market share. Other major segments include chilled food and beverages, and other food and beverages.
Market Break up by Region:
1. Western Europe
2. Southern Europe
3. Northern Europe
4. Eastern Europe
On the geographical front, the market has been categorized into Western Europe, Southern Europe, Northern Europe and Eastern Europe. Currently, Western Europe holds the leading position in the market.
Market Break up by Competitive landscape
1. Competitive Structure
2. List of Major Paper Cup Manufacturers
The competitive landscape of the market has also been analyzed in the report with the detailed profiles of the key players operating in the market.
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