Indonesia Paper Cups Market Outlook

The indonesia paper cups market is expected to witness significant growth in the upcoming years, owing to the rising demand for coffee, tea, and other drinks. increase in the convenience of takeaway beverages has been one of the major drivers for the indonesia paper cups market during the forecast period of 2018-2022. the market for paper cups in indonesia is expected to grow at a compounded annual growth rate (cagr) of 8.71% during 2018-2022. rise in the disposable income of indonesian consumers, increasing population in the age group of 15-35 years, and surge in the demand for convenience products have positively impacted the demand for paper cups. moreover, rising inclination of consumers towards sustainability has been fuelling the growth of the paper cups market in indonesia. additionally, growing number of cafes, restaurants, and other food outlets in urban regions of indonesia has been creating huge demand for paper cups in the country. the import and export of paper cups in indonesia is growing at a steady rate. currently, indonesia has been registering a trading surplus in paper cups imports and exports, with the export of paper cups being higher than its imports. this trend is expected to continue in the next few years as well. the indonesia paper cups market is highly competitive, with leading players competing in order to gain maximum market share. some of the major companies operating in the paper cups market in indonesia are bali cups sdn. bhd., double a paper cup ltd, and diverse paper company. a number of local manufacturers are also present in the paper cups market, and they specialize in manufacturing coffee cups, espresso cups, water cups, juice cups, and other kinds of paper cups. the market for paper cups in indonesia has been experiencing positive growth in the past few years, and is expected to grow at a steady rate during the forecast period of 2018-2032. with the growing demand for convenience and beverage products, multiple businesses are anticipated to enter the market and gain a larger share. this trend is expected to provide a huge impetus to the indonesia paper cups market and drive its growth in the forthcoming years.