The development of paper cup packaging industry
The prosperity of coffee shop and tea shop market promoted the development of paper cup packaging industry
In the past two years, with the improvement of consumption level, the coffee shop and tea shop market has been expanding. Although the market has many opportunities, the competition is fierce. In order to enhance their market competitiveness, many snack companies are committed to product updates. Product packaging upgrades are one of them, and this also brings development opportunities for related packaging equipment.
The overall Paper Cups market worldwide was valued at US$ 8.5 Bn in 2018 and is set to grow with a CAGR of 3.5% during the forecast period.
The key factor that drives the growth of paper cups market includes the high demand of bi-degradable products and ethical manufacturing process for the paper cups. The paper cups are majorly being used across the railways, tea and coffee shops and restaurants to serve various food and beverages. The growing awareness about the eco-friendly and easy disposable products is anticipated fuel the growth of paper cups market.
However, the health issues caused by the wax-coated paper cups is expected to restrain the market growth over the forecast period. Moreover, the ongoing advancements in the manufacturing of the paper cups are projected to serve various growth opportunities for the paper cups market shortly. Additionally, the trending use of paper cups for marketing by using fancy graphics technology is contributing to the growth of paper cups market.
The global paper cups market is bifurcated into paper cup size, end-users, and distribution channels. Based on the distribution channel, the market is further segmented into retail stores and online channels. The availability of different paper cups according to its application is promoting the market growth.
Furthermore, by end-users, the global paper cup market is dominated by coffee and tea shops. Increasing the popularity of hot beverage on the go is majorly promoting the growth of paper cups in the coffee and tea shops. The introduction of several advanced materials to provide better thermal and water-resistant properties to the paper cups are increasing its adoption in several applications.
In addition, paper cup packaging is now becoming intelligent and digital.
Ruian Tiancheng Packing Machinery Co., Ltd.has been the leader in the Chinese packing machinery area. Especially the packing machine for roll form products. Such as gift paper roll, wallpaper
roll, table cover roll, stacking paper cups, plastic cups and EPS cups etc.
We hope to establish good and long-term business cooperation with customers from all over the world.
If you have any inquiries about our machines, please feel free to contact us.