Markntel Advisors’ report, Cup Sleeves Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Cup Sleeves presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Cup Sleeves Market Research Report & Market Summary:
The Global Cup Sleeves Market size was valued at around USD 30.3 billion in 2023 & is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024-30. The growth of the market is propelled mainly by rapid urbanization and industrialization, favoring setting up new businesses, restaurants, cafes, hotels, residential areas, etc. All these factors increase the number of working individuals with hectic schedules that depend upon more takeaway and home delivery orders. This increasing demand for beverages requires insulated cup sleeves for better delivery as well as for traveling purposes. As a result, it accelerates the demand for cup sleeves and, ultimately augments the size & volume of the cup sleeves industry across the globe.
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Cup Sleeves Market Dynamics:
Key Driver-
Inclination and Adoption of Takeaway Beverages – The growing economy gives hype in changing lifestyles, such as busier schedules, and reliance on online delivery & takeaway orders, especially for on-the-go beverages. Here, cup sleeves play an important role in this changing trend. Owing to its insulating capacity, cup sleeves are mostly used in takeaway orders. Also, cup sleeves allow customers to conveniently travel with beverages. This led to flourishing the requirement for cup sleeves and hence driving the growth & expansion of the Cup Sleeves Industry.
Cup Sleeves Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Product Type
- Shrink Sleeve- Market Size & Forecast 2019-2030, USD Million
- Protective Sleeve- Market Size & Forecast 2019-2030, USD Million
By Material
- Paper & Paperboard- Market Size & Forecast 2019-2030, USD Million
- Plastic- Market Size & Forecast 2019-2030, USD Million
- Rubber- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
The paper & paperboard segment holds the largest market share and is expected to hold the highest demand in forthcoming years.
By Distribution Channel
- Offline- Market Size & Forecast 2019-2030, USD Million
- Direct Sales- Market Size & Forecast 2019-2030, USD Million
- Distributors and Wholesalers- Market Size & Forecast 2019-2030, USD Million
- Online Retail- Market Size & Forecast 2019-2030, USD Million
By End User
- Food & Beverage Industry- Market Size & Forecast 2019-2030, USD Million
- Cafes & Kiosks- Market Size & Forecast 2019-2030, USD Million
- Hotels & Restaurants- Market Size & Forecast 2019-2030, USD Million
- Quick-Service Restaurants- Market Size & Forecast 2019-2030, USD Million
- Canteens- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
The food & beverage industry dominated the Global Cup Sleeves Market with a substantial market share. This is because of the extra services that the food and beverage industry provides their customers, i.e. temperature protection for hot and cold beverages.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Europe accounted for the largest market share. This is because of the rise in demand for takeaway orders especially for coffee.
As indicated in the latest market research report published by Markntel Advisors, “Cup Sleeves Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Cup Sleeves industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
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Top Companies Operating in the Cup Sleeves Market:
- BriteVision Media, LLC
- Printed Cup Company
- Graphic Packaging International, LLC
- Trident Paper Box Industries
- LBP Manufacturing LLC
- Sabert Corporation
- Novolex
- HotShot Coffee Sleeves USA
- BioPak
- Ganesha PrintoPack Idustries
- Pactiv LLC
- Starbucks Corporation
- New WinCup Holdings, Inc
- WestRock Company
- Anchor Packaging
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
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