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/EIN News/ -- NEWARK, Del, Aug. 18, 2022 (GLOBE NEWSWIRE) -- The global cup carriers market is expected to reach a valuation of US$ 320.9 Mn in 2022. Sales are projected to gain traction at a 5.1% CAGR over the assessment period, with the market valuation reaching US$ 528.5 Mn by 2032.
Cup carriers have grown popular due to their availability in different sizes and designs. In addition, the food and beverage companies use cup carriers as they are the best solution for take away businesses such as restaurants and business concepts such as kiosk kitchens.
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.
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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.
“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.
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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.
1.1. Global Market Outlook
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Value Chain Analysis
3.6.1. Profit Margin Analysis
3.6.2. Wholesalers and Distributors
3.7.1. By Key Regions
3.7.2. By Key Countries
3.8. Regional Parent Market Outlook
3.9. Production and Consumption Statistics
3.10. Import and Export Statistics
4. Global Cup Carriers Market Analysis 2015-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis, 2015-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
Click Here for Cup Carriers Market 164 pages TOC Report
About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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