Driven by the development of the new tea beverage industry, the paper cup industry has broad development prospects

Paper cup refers to a paper container made by mechanical processing, curing and drying, trimming, and gluing of base paper (white cardboard). Paper cups have a mouth-shaped appearance and are of various types. According to different uses, they can be divided into cold drink cups, hot drink cups, ice cream cups, etc.; according to different materials, they can be divided into single-sided PE coated paper cups and double-sided PE coated paper cups. Paper cups have the characteristics of light weight, low cost, good appearance, easy to recycle, healthy and environmentally friendly, strong light shielding, and easy to use. They are widely used in tea, fast food, catering, home furnishing and other fields.

In recent years, under the background of the continuous escalation of various domestic “plastic restriction and ban” policies and the continuous improvement of national health awareness, the development of traditional plastic tableware has been restricted. Paper tableware has gradually replaced plastic and become one of the mainstream products in the tableware market. At present, the domestic new tea beverage market is in a stage of rapid development, and the number of brands and market size are constantly increasing. The main brands include Luckin Coffee, Heytea, Starbucks, Yihetang, Mixue Bingcheng, Manner Coffee, and Coco Tea, ancient tea, etc. In 2021, the domestic new tea beverage market will reach 99.61 billion yuan, a year-on-year increase of 20.2%.

Driven by the increasing market penetration of paper tableware and the rapid development of new tea drinks, my country’s paper cup market demand continues to increase and its scale continues to expand. According to the “China Paper Cup Industry Market In-depth Research and Development Prospects Forecast Report 2022-2026” released by the Industrial Research Center, my country’s paper cups The market size has grown from 4.35 billion yuan in 2017 to 6.94 billion yuan in 2021, with a compound annual growth rate of 12.39% during the period.

At the same time, driven by the continued growth of market demand, many domestic companies have entered the paper cup market. Leading local companies mainly include Hengxin Life Technology, Quanshun Paper Plastic Containers, Anbao Paper Group, Jialian Technology Co., Ltd., etc. Among them, Hengxin Life has become a major supplier of new tea brands such as Luckin Coffee, Yihetang, Heytea, Mixue Bingcheng, and Starbucks, and the domestic market continues to expand; Quanshun paper and plastic products occupy a leading position in the international paper cup market Leading position, the scale of the export market continues to expand; Anbao Paper has established 10 production bases in many countries, and can provide 3 billion paper cup products to customers such as Master Kong, Xiangpiaopiao, Nestlé, and Coca-Cola every year; Jialian Technology has a strong presence in China Occupying a dominant position in the biodegradable plastic paper cup market.

Industrial Analysts personnel said that in recent years, under the background of the continuous escalation of domestic “plastic restriction and ban” policies and the continuous strengthening of environmental protection efforts, Paper cups have gradually replaced plastic cups and become the mainstream product in the catering and tea drinking markets. Its market demand continues to increase, its scale continues to expand, and the industry development prospects are good. At the same time, the leading domestic paper cup companies are currently actively deploying domestic and foreign markets. They have great advantages in technology, brand, production capacity, innovation capabilities, etc., and the industry has broad prospects for development.