According to the latest report by IMARC Group titled, “US Paper cups and plates Market: Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the United States paper cups and paper plates market reached a value of US$ 20.7 Billion in 2018.. Looking forward, the United States paper cups and paper plates market is anticipated to reach a value of US$ 21.8 Billion by 2024, exhibiting a CAGR of nearly 1% during 2019-2024.
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Paper cups and plates are disposables that are usually coated with plastic or wax to prevent the contents from soaking or leaking out through the paper. These disposables are commonly utilized for serving tea, coffee, snacks, instant noodles and sweet corn as they are durable, odorless, easy to use and temperature resistant. Depending upon their distinctive purposes, there is a wide variety of paper cups and plates available in the market. With hectic and sedentary lifestyles in the United States, people have become more inclined toward the consumption of fast food products. This has led to a rise in the utilization of paper disposables in the region.
Nowadays, the majority of the consumers in the US prefer disposables for serving and packaging food and beverages as they save time and efforts of cleaning the utensils and support on-the-go consumption. Moreover, the leading companies are improving the quality of paper plates and cups using advanced substrate technology that prevents the contamination of packaged food items by grease and oxygen. Also, the implementation of stringent environmental laws by the US government against the usage of plastic and foam disposables is expected to spur the demand for paper cups and plates in the country.
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The report by IMARC Group has examined the US Paper Cups and Paper Plates Market on the basis of:
- Paper Cups
- Paper Plates
- International Paper
The market is fragmented in nature with the presence of various large and small manufacturers present in the industry.
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Competitive Structure
- Profiles of Key Players
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This post was originally published on The Market Plan