In 2022, the cup carriers market is projected to be worth US$320.9 million. Sales are anticipated to pick up steam over the course of the assessment period at a 5.1% CAGR, with a market valuation of US$ 528.5 Mn by 2032.
Due to the variety of sizes and designs that are available, cup carriers have become more and more popular. Also, the food and beverage industry employ cup carriers since they are the ideal choice for takeaway establishments like restaurants and business concepts like kiosk kitchens.
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Manufacturers and distributors also provide various brand designs on the cup carriers, which not only serve as a carrier but also help with branding. In addition, with time, consumers are becoming more environmentally conscious, which has increased the sales of paper, wood, and double molded pulp cup carriers.
Consumers are now becoming more health and environment conscious. Eco-friendly cup carriers are going to rule the market, as they are degradable completely within a few days and the government and various efforts from other organizations would help the cup carrier market to get good holding.
Consumers prefer cup carriers, which are better in quality and are less harmful. Paper and wood would be prominent materials to drive the cup carriers market. Molded pulp is the packaging material which is made out of recycled paperboard or newspaper. It is sustainable packaging material which can control the growing environmental issues.
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“Increasing preference for eco-friendly and sustainable packaging solutions across various industries, along with expansion in the foodservice sector will drive sales in the market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Sales of plastic cup carriers are expected to increase 5.1 times by 2032.
- The market share of 02 Cups to 04 Cups is expected to be 83% in 2032.
- As per end-use industry, foodservice is the leading segment representing prominent demand for cup carriers.
- The Germany cup carriers market is slated to create an incremental opportunity of US$ 17.2 Mn.
- Sales in the China cup carriers market will gain traction at a 5.9% CAGR over the forecast period.
- East Asia and South Asia are expected to lead the global cup carriers market through 2032.
Competitive Landscape
MULTIPAP, Green Paper Products, LLC, Huhtamäki Oyj, Georgia-Pacific Consumer Products LP, Sabert Corporation, Pactiv LLC, Southern Champion Tray, LP, Graphic Packaging International, LLC, PakTech, WestRock Company, CELLULOPACK SAS, Cascades inc, MULTI-WAYS PACKAGING, Colpac Ltd, Dreamfly Packaging Co.,Ltd, Napco National, Detmold Group, and Judin Pack Group are some of the leading players operating in the global cup carriers market.
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Global Cup Carriers Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for cup carriers market by material (plastic, paper, wood and molded pulp), by carrying capacity (single cup, 02 cups to 04 cups and above 04 cups), by end use (foodservice (quick service restaurant, hotels, restaurants, cafes and others), institutional, and household), across seven regions.
Global Cup Carriers Market by Category
Material:
- Plastic
- Paper
- Wood
- Molded Pulp
Carrying Capacity:
- Single Cup
- 02 Cups to 04 Cups
- Above 4 Cups
End Use:
- Foodservice
- Quick Service Restaurant
- Hotels
- Restaurants
- Cafes
- Others
- Institutional
- Household
Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
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