The market for insulated cup sleeves is predicted to reach a worth of US$ 35 billion by 2033, growing at a CAGR of 4.8% from 2023 to 2033. The market is anticipated to reach a market value of US$ 21.9 billion in 2023.
The manufacturers are going for biodegradable disposable products. As such, usage of paper cups calls for cup sleeves as well. Tourism sector hasn’t looked back post-pandemic. This has resulted in an upsurge in QSRs (Quick Service Restaurants). This factor is expected to render the insulated cup sleeves unstoppable.
However, the same manufacturers are finding it difficult to cater to every demand. This mismatch in demand-supply ratio is likely to restrain the insulated cup sleeves market going forward.
Future Market Insights has entailed these facts with future prospects in its latest market study entitled ‘Insulated Cup Sleeves Market’. It has its team of analysts and consultants to look through a bottom-up approach in its primary, secondary, and tertiary modes of research.
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“Flourishing tourism sector is expected to keep the cash registers ringing for insulated cup sleeves market going forward”, says an analyst from Future Market Insights.
Key Takeaways from Insulated Cup Sleeves Market
- Europe holds the largest market share with Germany leading from the front. For instance – Germany-based HORAUF (known for high-end machines as well as technology for the packaging vertical) is ruling the roost. At the same time, KAPGROUP and several others are driving the market for Europe.
- North America holds the second-largest market share with the US witnessing a rising demand for recyclable paper packaging and the scenario is expected to remain unchanged even going forward.
- The Asia-Pacific is expected to witness sizable growth in insulated cup sleeves market in the forecast period on the back of realization regarding the ill-effects of usage of plastic in packaging.
Competitive Insulated Cup Sleeves
- Graphic Packaging International, in April 2021, came up with ‘Hold&Go’ insulated hot cups using Thermashield technology; which does help in providing a higher level of insulation; thereby enhancing insulated cup sleeves’ quality.
- Huhtamaki, since February 2022, started offering support to Carte D’Or from Unilever as it discontinues with usage of plastic by going for recyclable paper by shifting ice-cream’s packaging to the recyclable lids and tubs. This is a healthy step toward recyclable paper-based packaging. The company eyes getting away with over 900 tons of virgin plastic in the UK every single year.
Key Market Players of Insulated Cup Sleeves Market
- Xuancheng Bo Site Commodity Co
- KeepCup
- Printed Cup Company
- Huhtamaki Oyj
- Graphic Packaging International
- HÖRAUF
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Key Segments of Insulated Cup Sleeves Market Covered in the Report
Based on Material Type:
- Kraft Paper
- Coated Paper
Based on Capacity Type:
- 12 OZ Cups
- 16 OZ Cups
- 20 OZ Cups
- 22 OZ Cups
- 24 OZ Cups
Based on End-use:
- Café and Restaurants
- Household
- Institutes & Offices
- Others
What does the Report state?
- The research study is based on material type (coated paper and kraft paper), capacity type (12 oz cups, 16 oz cups, 20 oz cups, 22 oz cups, and 24 oz cups), and end-use (cafés and restaurants, household, institutes & offices, and others).
- With features like minimization of thermal contact and reduction of heat transfer, the global insulated cup sleeves market is expected to grow graciously in the forecast period.
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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