Cold Waxed Paper Cups Market Overview

The global sales of cold waxed paper cups are estimated to be worth USD 1.3 billion in 2021 and are anticipated to reach a value of USD 2.4 billion by 2031. Sales are projected to rise at a CAGR of 6.5% over the forecast period between 2021 and 2031. The revenue generated by cold waxed paper cups in 2020 was USD 1.2 billion.

Demand for the cold waxed paper cups will witness steady recovery in the short term, with an optimistic growth outlook in the long run after the pandemic. The market growth is set to gain substantial sales in the forecast period, owing to astonishing features of cold waxed paper cups such as biodegradable and availability of different sizes, shapes.

Increasing demand for sustainable and eco-friendly packaging solutions especially in food and beverage industry is pushing the cold waxed paper cups market. These cups are widely used in serving cold beverage like soft drinks, smoothies, iced coffee, etc. and they are effective as a barrier for moisture and grease.

Expansion of food service industry across regions is fueling the industry growth due to increasing cafes, restaurants, and quick service outlets in urban areas. Cold waxed paper cups are lightweight, easy to carry, and provide a spill-free experience which makes them ideal for on-the-go consumption which is further driving the market.

Global Cold Waxed Paper Cups Industry Assessment

Attributes Key Insights
Historical Size, 2020 USD 1.2 billion
Estimated Size, 2021 USD 1.3 billion
Projected Size, 2031 USD 2.4 billion
Value-based CAGR (2021 to 2031) 6.5%

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Cold Waxed Paper Cups Market: An Overview

Cold waxed paper cups have become the most prominent solution for drinking any kind of cold beverage. These cups are consumer-friendly and can be taken anywhere. The rising number of quick- full service restaurants across the globe has led to strong sales and demand for cold waxed paper cups.

Cold waxed paper cups are made from paper-based materials and to prevent the contents from soaking through the paper, cold waxed paper cups are commonly coated or lined with plastic or wax. Disposables are preferred over reusable cups as customers become more sanitation and hygiene awareness. Cold waxed paper cups come in a range of sizes, shapes, and textures which is favouring the growth of the cold waxed paper cups market.

What Drives the Growth of the Cold Waxed Paper Cups Market?

Cold waxed paper cups are widely used in the food & beverage sector due to their lightweight, cost-effectiveness, biodegradability, and ability to provide air resistance, internal strength, and stiffness. They also don’t need to be cleaned and can be easily tossed after usage.

Aside from that, there has been an increase in the influence of westernization in developing regions, as well as an increase in fast food consumption. Furthermore, as compared to plastic and foam competitors, cold waxed paper cups are substantially more biodegradable and require less time to degrade.

Ismail Sutaria
Ismail Sutaria

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How the Various Technological Advancement for Paper Products will Create Opportunity for the Cold Waxed Paper Cups Market?

Producers or manufacturers in the market are developing new tactics, such as enhanced substrate technology, to minimise grease and oxygen contamination of packaged food items. This is expected to boost demand for cold waxed paper cups around the world.

What are the Key Trends Impacting Growth of the Cold Waxed Paper Cups Market?

The rising use of PET and PP based containers has increased the demand for cold waxed paper cups as these materials come under thermoplastic which is reversible and can be reshaped and reheated.

Paper cups are cost-effective, thermal resistance, durable and well-suited for dry and wet products and the key players in the market are using these materials more for the target market which is projected to bolster the sales in the forecast period.

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What are the Key Challenges that Might Restrain Growth of the Cold Waxed Paper Cups Market?

As the cold waxed paper cups are single-use and they are ultimately thrown after the use which is hindering the market. Additionally, other cups made of wood, aluminium and others are restricting the growth of the cold waxed paper cups market.

Competitive Landscape

A few of the players actively participating in the cold waxed paper cups market consist of

  • BM Packaging
  • Sanpac
  • Hefei Hyde Environment Protection Technology Co. Ltd.
  • Jaya Enterprises
  • Meru Industries
  • Tidi Products
  • Ningbo Oolima Pack Co. Ltd.
  • Ningbo Rison Houseware Co. Ltd.
  • Guangxi Thebest Paper Products Co. Ltd.
  • Phoenix Tree (Hefei) Industrial Co. Ltd.
  • Xiamen Ebelee Industry & Trade Co. Ltd. and other major players.

Why is the USA a Big Market for Cold Waxed Paper Cups Market?

In consideration of the income and changing lifestyles of people in the USA the growth in the beverages and cosmetics end-use industries is anticipated to propel the demand for cold waxed paper cups in the market.

Manufacturers in the USA are shifting towards the production of cold waxed paper cups. Therefore, the country is expected to experience higher demand for cold waxed paper cups.

Market Segmentation of the Cold Waxed Paper Cups Market

By Wall Type:

  • Single Wall
  • Double Wall
  • Triple Wall

By Capacity:

  • Below 100 ml
  • 101-150 ml
  • 151-250 ml
  • Above 250 ml

By End-use Industry:

  • Food & beverages
  • Healthcare
  • Cosmetics & personal care
  • Chemical industries
  • Automotive industries

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • The Middle East and Africa
Table of Content
	1. Executive Summary
	2. Industry Introduction, including Taxonomy and Market Definition
	3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
	4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
	5. Pricing Analysis
	6. Global Market Analysis and Forecast
		6.1. Wall Type
		6.2. Capacity
		6.3. End-Use Industry
	7. Global Market Analysis and Forecast, By Wall Type
		7.1. Single Wall
		7.2. Double Wall
		7.3. Triple Wall
	8. Global Market Analysis and Forecast, By Capacity
		8.1. Below 100 ml
		8.2. 101-150 ml
		8.3. 151-250 ml
		8.4. Above 250 ml
	9. Global Market Analysis and Forecast, By End-Use Industry
		9.1. Food & beverages
		9.2. Healthcare
		9.3. Cosmetics & personal care
		9.4. Chemical industries
		9.5. Automotive industries
	10. Global Market Analysis and Forecast, By Region
		10.1. North America
		10.2. Latin America
		10.3. Europe
		10.4. South Asia
		10.5. East Asia
		10.6. The Middle East and Africa
	11. North America Sales Analysis and Forecast, by Key Segments and Countries
	12. Latin America Sales Analysis and Forecast, by Key Segments and Countries
	13. Europe Sales Analysis and Forecast, by Key Segments and Countries
	14. South Asia Sales Analysis and Forecast, by Key Segments and Countries
	15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
	16. The Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries
	17. Sales Forecast by Wall Type, Capacity, and End-Use Industry for 30 Countries
	18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
	19. Company Profile
		19.1. BM Packaging
		19.2. Sanpac
		19.3. Hefei Hyde Environment Protection Technology Co. Ltd.
		19.4. Jaya Enterprises
		19.5. Meru Industries
		19.6. Tidi Products
		19.7. Ningbo Oolima Pack Co. Ltd.
		19.8. Ningbo Rison Houseware Co. Ltd.
		19.9. Guangxi Thebest Paper Products Co. Ltd.
		19.10. Phoenix Tree (Hefei) Industrial Co. Ltd.
		19.11. Xiamen Ebelee Industry & Trade Co. Ltd.
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