Coffee Cup Market REPORT OVERVIEW
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global coffee cup market size was USD 1382 Million in 2021 and market is projected to touch 1501.36 Million by 2031, exhibiting a CAGR of 2.8% during the forecast period.
A container in which coffee can be served is known as a coffee mug. These cups are available in various designs, colors, and sizes. Moreover, these cups can also be customized as per your requirement. It is made in ways that will not allow both cold and hot beverages. Hot coffee cups are smaller, whereas cold coffee cups are large. The coffee market has expanded rapidly in the past few years. The companies are now focused on launching bio-degradable cups.
The consumption rate of coffee and chai is on a constant rise, which boosts the demand for cups globally. It is widely used in restaurants, cafes, companies, and homes. The companies offer their employees coffee and chai, boosting the market growth. The cost of these cups varies as per the material used in manufacturing it such as; paper cups are inexpensive than ceramic or porcelain cup.
COVID-19 Impact: Shutdown of Cafes and Restaurants Took the Growth Down
Some food service businesses worldwide took additional precautions to guarantee the health and safety of their staff and customers. For instance, major fast food chains such as Starbucks, Dunkin', and McDonald's brands have immediately announced the suspension of their BYO container programs in the aftermath of the outbreak. Amid the pandemic, disposable products are seen as being exceptionally hygienic when it comes to packing food and beverages. Due to the fact that many other small and large food businesses now only offer takeout or delivery, they rely more than ever on disposables. It is anticipated that these methods will continue to be common in the upcoming years as long as COVID-19 exists. In the forthcoming years, this is anticipated to fuel demand for cups.
LATEST TRENDS
"Rising Penetration of Hot Beverages to Augment Market Growth"
The rising penetration of famous coffee chains such as Tim Hortons, Starbucks, Costa Coffee, and others. Coffee is gaining popularity as one of the world's most consumed beverages. Espresso, cappuccino, and Americano are just a few of the different types of hot and cold coffee drinks that may be produced from various coffee beans and served in various ways. The seed of the coffee plant used to manufacture coffee is known as a coffee bean. The pip is found inside the coffee cherry, a red or purple fruit. The coffee fruit is categorized as stone fruit, just like normal cherries. Coffee beans demand will further lead to the growing demand for cups. This factor is estimated to gain maximum coffee cup market growth.
Coffee Cup Market Segmentation
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- By Type Analysis
By type, the market is segmented into 4oz, 6.5oz, 70z, 8oz, 9oz, 10oz, 120z, 16oz, 20oz, and 24oz.
- By Application Analysis
Based on application, the market is classified into hot coffee and cold coffee.
DRIVING FACTORS
"Availability of Various Product Designs to Bolster Product Demand"
Reusable coffee cups are gaining more popularity when compare to single-use disposable coffee cups, are designed to be used repeatedly. Reusable cups can be made from a variety of raw materials, including bamboo, stainless steel, plastic, paper or recycled paper, glass, and ceramic. Reusable coffee cups made of stainless steel are more popular than those made of other materials because of its many beneficial qualities, including affordability, low heat conductivity, and minimal negative effects on health. When travelling, reusable stainless steel coffee mugs are widely used to keep coffee hot or cold for a longer period of time.
"Rising Standard of Living to Boost Coffee Consumption"
Another element driving demand for coffee and coffee cups in nations such as India is the improving consumer level of life. The market for coffee mugs has made major strides in recent years and is expected to expand further over the coming years. The market for reusable cups is anticipated to rise as a result of people's increasing fixation with coffee. The use of reusable mugs at hotels, cafes, and even by tourists themselves has been encouraged by sustainable tourism practices. Increasing tourism will boost the demand for reusable mugs.
RESTRAINING FACTORS
"Long Disposable Time Coffee Mugs to Eliminate Market Growth"
Some coffee cups are made with plastic that links almost 30 years for decompose which is likely to be a major restrainer of the coffee mugs market. This cups are harmful to the environment, and thus, the population may not adopt these cups.
Coffee Cup Market REGIONAL INSIGHTS
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"North America to Dominate Market Due to the Growing Presence of Giant F&B Brands"
North America is expected to hold about 10% of the overall coffee cup market share due to the rising presence of giant food and beverage brands such as Subway, Starbucks, McDonald’s, Taco Bell, and others.
Asia Pacific is likely to show significant growth owing to the growing youth population and rising working-class population. The growing awareness of flavored coffee is also forecasted to boost the market growth.
KEY INDUSTRY PLAYERS
"Key Companies to Emphasis On the Development of Advanced Technology"
Key market players are investing heavily on the research and development of the product. Companies are also paying focus on launching advanced products. Emphasis on gaining collaborations, mergers, and acquisitions is increasing among leading players. The major market players are striving to maintain partnerships with other key players in the same industry. Gaining partnerships with other companies will develop a strong consumer base in the global market. The key competitors are adopting organic and inorganic growth strategies to surge their market share in the global market.
List of Market Players Profiled
- Dixie (U.S.)
- Hefty (U.S.)
- Snapcups (U.S.)
- Chinet (U.S.)
- International Paper (U.S.)
- Dart (U.S.)
- MIPL (India)
- Frozen Dessert Supplies (U.S.)
- Benders (Sweden)
- Libbey (U.S.)
- Boardwalk (Canada)
- BSB (U.K.)
- Mr. Coffee (U.S.)
- Eco-Products (U.S.)
REPORT COVERAGE
The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for various factors to show potential investment areas. From 2021 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 1382 Million in 2021 |
Market Size Value By |
US$ 1501.36 Million by 2031 |
Growth Rate |
CAGR of 2.8% from 2021 to 2031 |
Forecast Period |
2023-2031 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Type and Application |
Regional Scope |
Global |
Frequently Asked Questions
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Which are the driving factors of the coffee cup market?
Availability of various product designs to bolster product demand and the rising standard of living to boost coffee consumption are the factors driving the coffee cup market.
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What CAGR is the coffee cup market expected to exhibit by 2031?
The coffee cup market is expected to exhibit a CAGR of 2.8% by 2031.
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What are the segments of the coffee cup market?
By type, the coffee cup market is segmented into 4oz, 6.5oz, 70z, 8oz, 9oz, 10oz, 120z, 16oz, 20oz, and 24oz. Based on application, the market is classified into hot coffee and cold coffee.
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Which are the top companies operating in the coffee cup market?
Dixie, Hefty, Snapcups, Chinet, International Paper, Dart, MIPL, Frozen Dessert Supplies, Benders, Libbey, Boardwalk, BSB, Mr. Coffee, and Eco-Products are the top companies operating in the coffee cup market.