Cup Carrier Packaging Market Overview
To meet the need of the busy lifestyle, big cities around the world have relied on the innovation of cup carrier disposable packaging products. Cup carrier packaging is a significant part of the foodservice industry catering to its consumers across the continents. It has a wide application for serving beverages such as tea, coffee, soft drinks to consumers all around the world.
Cup carriers are used to carry and consume the beverages conveniently irrespective of it is hot or cold. Cup carriers have eased on the go consumption of beverages. Cup carriers have allowed people to consume beverages while driving, watching a movie, and doing other days to day activities.
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Cup Carrier Packaging Market: Market Dynamics
Cup carrier packaging market is a significant part of the beverage packaging market. The beverage packaging industry is estimated to be over US$ 100 billion and is expected to grow at a CAGR of 4% over the forecast period. With the expansion of the beverage industry, the application of the cup carrier in foodservice activities is set to increase while influencing the cup carrier packaging market.
The presence of a large number of tea and coffee consumers is expected to fuel the demand for the cup carrier packaging market over the forecast period. The increasing number of working professionals especially in the APEJ region has increased on the go consumption of beverages which may boost the cup carrier packaging market over the forecast period.
Cup Carrier Packaging Market- Key Players:
Some major players in the cup carrier packaging market are Southern Champion Tray Co, Cellulopack, The Brenmar Company, The Paper Cup Company. Pty Ltd., 3M Company, P4CK Limited, Active Difference Ltd, Hangzhou Longquan Industrial Co., Ltd, The VaioPak Group, Colpac Ltd, E-Package Creation & Solution Manufacturing Corp., Shenzhen CyGedin Printing & Packaging Co., Ltd., Qingyuan Best Strong Import & Export Co., Ltd.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product, and applications.
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Cup Carrier Packaging Market: Market Segmentation
The cup carrier packaging market is segmented by the types of materials used, the number of cups, and end-use.
Based on the types of materials used, the cup carrier packaging market is segmented into:
- Paper & paperboard
- Molded Fiber
- Metal
- Plastic
- Polypropylene (PP)
- Polyethylene terephthalate (PET)
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
- Fabrics
- Others (glass, jute, wood)
Based on the number of cups, the cup carrier packaging market is segmented into:
- 1 – 2
- 2 – 4
- 4 – 6
- Above 6
Based on the end-use, the cup carrier packaging market is segmented into:
- Coffee shops
- Food retail outlets
- Restaurants
- Vehicles
- Movie halls
- Sports stadium
- Others