The cup carriers market is anticipated to be valued US$320.9 million in 2022. The market is expected to be worth US$ 528.5 Mn by 2032, with sales expected to increase throughout the assessment period at a 5.1% CAGR.
Cup carriers are becoming more and more common because they come in a wide range of sizes and designs. Also, as cup carriers are the best option for takeaway outlets like restaurants and company ideas like kiosk kitchens, the food and beverage industry employs them.
The cup carriers market pertains to the industry involved in the production and supply of carriers designed to hold multiple cups. These carriers are commonly used in the food and beverage sector, particularly for takeout orders, drive-through services, and catering.
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The market for cup carriers is driven by the growing trend of convenience and on-the-go consumption. The demand is further boosted by the increasing popularity of coffee shops, fast-food chains, and food delivery services. Manufacturers are focusing on producing eco-friendly and sustainable cup carrier solutions to align with environmental concerns.
Customers are now becoming more health and environment sensitive. Due to its ability to entirely degrade within a few days, eco-friendly cup carriers will soon dominate the market. The government and numerous other groups are working to help this trend gain traction.
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.
“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.
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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.
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
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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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