The can sleeves market is expected to witness a healthy compound annual growth rate (CAGR) of 6.3% through 2032, driven by the increasing demand for chilled soft drinks, energy drinks, and silicone beer can covers among the millennial population. Can sleeves find application in various sectors, including hotels, restaurants, cafes, offices, and more. Neoprene can sleeves, in particular, are gaining popularity due to their reusability and durability, making them attractive to users. Additionally, their slow heat conduction helps in keeping beverages cool for extended periods.
The customizable feature of can sleeves makes them popular among end-users. With the growing consumption of beverage products such as soft drinks, energy drinks, and alcoholic drinks, the demand for can sleeves is directly impacted, leading to a sharp rise in the market during the forecasted period.
The durability and reusability of can sleeves play a vital role in their increased adoption rate. The slow heat conduction characteristic of neoprene can sleeves is crucial in maintaining the beverage’s chill, making them highly desirable. Can sleeves also solve the problem of hands getting wet and freezing due to the coldness of the cans, making them ideal for social and public events. Some can sleeves are also eco-friendly, adding to their benefits.
Can sleeves are highly insulated and can be customized to meet specific requirements. They are often used as promotional and packaging tools to advertise logos and brand names on the cans. With these factors contributing to their popularity, the demand for can sleeves is expected to grow significantly in the foreseeable future.
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Key Takeaways:
- Can sleeves market is projected to grow at a CAGR of 6.3% through 2032.
- Neoprene can sleeves are gaining popularity due to their reusability and slow heat conduction.
- Can sleeves find application in hotels, restaurants, cafes, offices, and more.
- They are highly insulated and can be customized for promotional and branding purposes.
- Increasing consumption of soft drinks, energy drinks, and alcoholic beverages drives the demand for can sleeves
Key Players:
- Kinsbrae Group Inc.
- U.S. Poly Enterprise
- Xiamen Horison Trading Co.Ltd.
- Jin Sheu Enterprise Co.Ltd.
- Yiwu Chuangning Arts & Crafts Co.Ltd
- Coolie nation
Key Drivers:
The adoption of can sleeves is influenced by several key drivers, making them increasingly popular among consumers and businesses alike. One crucial factor contributing to their widespread adoption is their durability and reusability. Can sleeves are designed to be sturdy and long-lasting, allowing them to be used multiple times without wear and tear. Additionally, their slow heat conduction characteristic plays a vital role in keeping beverages chilled, making them highly favored by consumers seeking refreshing and cold drinks.
Can sleeves effectively address the issue of hands getting wet and freezing due to the coldness of the beverage can. By providing a comfortable grip, they enhance the drinking experience and eliminate discomfort. These beer cooler sleeves are particularly ideal for social and public events where people need a reliable and practical way to hold their drinks.
Furthermore, many can sleeves are eco-friendly, adding to their appeal for environmentally conscious consumers. With growing awareness of sustainability, consumers are actively seeking products that reduce their ecological footprint. Eco-friendly can sleeves align with this trend, making them a preferred choice among environmentally conscious individuals
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About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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