In the recent years, there has been a surge in the demand for pre-made cups, which are made up of glass, ceramic, steel, paper, plastic, and wood. In the packaging industry, this demand is due to the invention of more specialty beverages like coffee and milkshake.
Pre-made are part of tableware as well as of disposable packaging used for food & beverages, and due to surge in the demand for these two industries, pre-made cups market also recorded a positive run for the growth in current years.
High demand for paper cups due to their cost-effectiveness and wide applications is the key performer in the pre-made cups market. The global pre-made cups market is forecasted to record exponential growth as more eco-friendly & re-cycled variants of bio-based plastic, paper & ceramic are likely to be in trend due to increasing environmental problems.
Moreover, the companies that communicate the sustainability of their products will be the market leader in the pre-made cups market.
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How the competitive landscape does look for the pre-made cups market?
The pre-made cups market is highly competitive in nature, due to the entry of too many small and large market players which makes it a fragmented market. The large market players are using technological-up-gradation along with product innovations to stay ahead of the competition.
Also, the major global manufacturers of pre-made cups use mergers and acquisitions as a tool to take over the market share of other players to enjoy dominance over the market. Only a few bigger market players dominate few segments of the pre-made cup market, which makes it consolidated other segments are fragmented among several small & medium scale players.
Key market players
- Huhtamaki Oyj.
- Solo Cup Operating Company
- Greiner Holding AG
- Reynolds Consumer Products
- Georgia-Pacific LLC
- IJARL
- HAERS
- TUPPERWARE
- Libbey
- Luminarc
- Fuguang
- SIBAO
- Auratic
- HEENOOR
What are the key factors shaping up the pre-made cups?
The principal driver for growth in demand for pre-made cups is people opting for smaller portions of food & beverages, along with that to fulfill the pre-requisite of convenient packing needed by all consumers in the market, will act as a key component for growth and market for pre-made cups will be positively affected by these trends.
Compared to other packaging or storage options pre-made cups have attributes of being leak-proof, light-weight, easy to use and most importantly the recyclability or reusability of material used for manufacturing acts as another most important driver, as people are becoming aware of environmental constraints.
Materials which can be re-used such as ceramics and glass have their demand constantly rising, along with single-use material cups of paper & plastic are most preferred types of materials globally in pre-made cup market.
Market penetration by global coffee giants, such as Starbucks, Costa-Coffee across the world acted as a major driver in the growth of the market of pre-made cups. Take away culture that is driving the market which is a significant driver of pre-made cups market.
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Which are recent developments in the pre-made cups market?
- In the month of January 2020, Mohan Mutha Polytech Private Limited (MMPPL) of India was acquired by Huhtamaki Oyj, the company took over all the assets and operations. This acquisition is a key development for the growth of the Pre-made cups market of India.
- Huhtamaki Oyj came up with a totally new compostable Biowareimpresso, which is a double-walled hot cup, its combination of white green design provides an aesthetic design, comes up with a tactile touch for the holder.
- In the month of October 2019, Genomelabs Bio Private Limited launched a totally new ‘EAT CUP’, which is bio-degradable and eco-friendly made from natural grain products. The development of edible cups took the whole Pre-made cup market to a new level in the field of innovations.
- Stora Enso in 2019, introduced renewable paperboard cups, these cups do not have a plastic coating that is aimed at full fiber recovery. The latest renewable cup is fit for hot, cold beverages as well as for packing ice-creams.
Segmentation of pre-made cups market
Segmented on basis of end-use industry:
- Food
- Dairy
- Confectionary
- Spreads
- Sauces
- Beverages
- Alcoholic
- Non-Alcoholic
- Retail Industry
Segmented on basis of materials:
- Ceramic
- Glass
- Plastic
- Polyethylene Terephthalate(PET)
- Polypropylene
- Polyethylene
- Polystyrene
- Biodegradable Plastics
- PLA
- PHA
- Paper
- Wax-coated paper
- Poly-coated paper
- Foam
Segmented on type of product type:
- For hot beverages-
- Coffee cup
- Teacup
- Travel mug
- Mug
- Thermos
Segmented on basis of capacity:
- Less than 200ml
- 200ml-400ml
- 400ml-600ml
- 600ml-1000ml
- Greater than 1000ml
Key regions covered:
- North America
- Europe-
- Asia-Pacific
- Latin America
- Middle-East & Africa
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