Chile Paper Cups and Paper Plates Market Report and Forecast 2024-2032

Chile Paper Cups and Paper Plates Market Outlook

The Chile paper cups and paper plates market size reached approximately USD 1.48 billion in 2023. The market is estimated to grow at a CAGR of 1.8% in the forecast period of 2024-2032, reaching a value of around USD 1.71 billion by 2032.

Key Trends in the Market

Paper cups and paper plates are disposable utensils that are made from paper and paperboard and reinforced with plastic or wax to prevent spillage. They are a cost-efficient way of serving eatables and drinks during family functions, corporate parties, and festive occasions.

• The surge in environmental awareness has led to a shift in consumer preference from plastic to biodegradable or recyclable plates and cups, which provides impetus to the Chile paper cups and paper plates market growth.

• Several market players in Chile are incorporating customised designs and logos in paper cups and plates depending upon the occasion or specific requirements of businesses and brands.

• The rising trend of takeouts and food delivery services in the country also bolsters the market expansion as several food establishments rely on leak-resistant and sturdy paper cups and plates for their services.

• Increased incorporation of advanced coating technology such as dispersion coating in disposables, which can enhance the recyclability of paper cups and paper plates, is also one of the crucial Chile paper cups and paper plates market trends.

Market Analysis

Based on type, the market is bifurcated into recyclable and non recyclable. On the basis of product type, the Chile market for paper cups is classified into hot paper cups and cold paper cups, and the Chile market for paper plates is categorised into heavy duty and medium duty. The different wall types of paper cups are single wall and double wall.

The Chile paper cups and paper plates market segmentation, on the basis of sales channel, includes B2B and B2C. Based on application, the market is classified into residential and commercial.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Chile paper cups and paper plates market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Huhtamaki Oyj

• María Angélica Vanni

• Industrias Kypco SpA

• Bo Packaging Foodservice

• SCG Packaging Public Company Limited

• Others

Market Share by Product Type

As per the Chile paper cups and paper plates market analysis, hot paper cups account for a significant share of the Chile market for paper cups owing to the growing trend of food takeaway among consumers. Their insulative coating keeps the food fresh for a longer duration and such cups boast enhanced strength. Similarly, heavy-duty plates constitute a sizeable share of the Chile market for paper plates as they are leakproof and stainproof and maintain their rigid shape for a longer duration.

Market Share by Application

The commercial sector occupies a substantial portion of the Chile paper cups and paper plates market share owing to the growing usage of these disposables in fast food outlets, restaurants, and other food establishments. Paper cups find rigorous usage in coffee shops to keep the hot beverage warm for a long duration. Meanwhile, the residential sector is expected to witness steady growth due to the rise in the utilisation of paper cups and plates during functions, parties, and gatherings.

Competitive Landscape

Huhtamaki Oyj is a consumer packaging corporation, founded in 1920 and headquartered in Espoo, Finland. It provides sustainable packaging solutions through its innovative range of products, which includes paper cups, takeaway trays, and containers.

Bo Packaging Foodservice is a provider of food packaging and food service solutions. The company, based in Santiago, Chile, has introduced a plastic-free and recyclable product line for the packaging and printing paper sector.

SCG Packaging Public Company Limited, incorporated in 1975, is an integrated packaging solution company. It is headquartered in Bangkok, Thailand, and its product portfolio includes fibre-based packaging, polymer packaging, and food service products, among others.

Other Chile paper cups and paper plates market players include María Angélica Vanni, Industrias Kypco SpA, among others.

Key Highlights of the Report