According to FMI, the market for vending cups generated US$2.05 billion in revenue in 2021. By the end of 2028, the global market for vending cups is anticipated to grow by 1.3 times its current market value. The top 3 nations are expected to own 39.9% of the global vending cup market in 2022, as the demand for vending cups will increase.
According to recently released data from a market research of vending cups, the global market for paper vending cups had year-over-year (YoY) growth of 5.2 percent in 2021, reaching US$ 1.2 Bn. Between 2022 and 2028, the paper vending cup market is projected to grow at a CAGR of 4.0 percent.
| Vending Cups Market Size 2022 | US$ 2.1 Bn |
| Vending Cups Market Size 2028 | US$ 2.6 Bn |
| Value CAGR (2022-2028) | 3.4% |
| Top 5 Companies Market Share 2021 | 20-25% |
Strategy Analysis through Competition Tracking
The global vending cups market showcases an extremely fragmented-high competition landscape, with the small, tier-3 companies accounting for the largest market share. Tier 3 companies dealing in vending cups such as Dispo International, SwissPrimePack, and Benders Paper Cups receive most of their revenue through aggressively defending their product portfolios.
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Other key insights from competitive landscape analysis include:
Tier-3 companies in the global vending cups market account for a major share of the market, contributed to nearly 60 percent of the total global market share.
Tier-2 players, including RPC Tedeco Gizeh and International Paper Company, contributing, falling under the 1-2.5 percent revenue share bracket, are anticipated to account for nearly 16-20 percent of the total vending cups market
Tier-1 companies, Huhtamaki Oyj, Coveris Holdings S.A., New WinCup Holdings, Inc., and Nupik-flo UK Ltd.-sharing a revenue bracket of above 2.5 percent, are estimated to hold a total of 20-25 percent of the vending cups market share.
However, larger vending cups companies are projected to have relatively stronger clout with suppliers and therefore, less alarmed by the pricing issue than smaller operators, considering competitive pricing remains a vital factor for vending cups manufacturers.
Competitive Landscape
The key players engaged in manufacturing vending cups are focusing on expanding their presence through investing in manufacturing facilities along with increasing their production capacity. Also, the players are developing innovative packaging solutions.
- In January 2021, Huhtamäki OYJ, a key sustainable packaging provider invested in a new manufacturing site located in Malaysia to serve the customer and cater the future demand for packaging.
- In July 2021, Graphic Packaging International, LLC, announced the launch of a new product line in the foodservice packaging portfolio. The company launched an innovative line of non-polyethylene coated single-use foodservice packaging solutions.
Key Companies Profiled
- Graphic Packaging International, LLC
- MPM Marketing Services Pty Ltd.
- SwissPrimePack
- Benders Paper Cups
- Huhtamäki Oyj
- Hosti GmbH
- New WinCup Holdings, Inc.
- Dispo International
- RPC Tedeco Gizeh
- Nupik-flo UK Ltd.
- Printed Cup Company
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Vending Cups Market by Category
By Capacity:
- Less than 7 Oz.
- 7 Oz. to 9 Oz.
- 10 Oz. to 12 Oz.
- More than 12 Oz
By Material Type:
- Plastic
- Polypropylene (PP)
- Polyethylene (PE)
- Polyamide (PA)
- Bioplastics
- Polyethylene Terephthalate (PET)
- Others
- Paper
- Foam
By Product Type:
- With Lid Vending Cups
- Without Lid Vending Cups
By End Use:
- Carbonated Drinks
- Soft Drinks
- Sodas
- Non-carbonated Drinks
- Dairy
- Tea/Coffee
- Juice
By End-user Base:
- Institutional
- Educational Institutions (Schools and Colleges)
- Public Institutions (Govt. Offices & Public Places)
- Private Institutions
- Commercial Users
- Quick Service Restaurants
- Hotels
- Cafes
By Molding Technology:
- Thermoformed
- Injection
By Application:
- Cold Cups
- Hot Cups
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East and Africa (MEA)
- Japan
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