The cafes, restaurants and other food joints are the places for people to interconnect. Over the period because of these interactive places, the demand for disposable cups has increased along with the cup sleeves. These cup sleeves protects hands from burning, when drinking hot beverages. The sleeve usually used for the cups which are made up of the kind of materials through which heat transfers very easily, such as paper, thin plastic etc. The changing trend of compostable cups with the replacement of plastic cups helps to boost the growth of portable sleeve cups. Over the last few years, as people’s disposable income has increased, users of biodegradable cups have also been risen, that further resulted into the increased demand for portable sleeve cups in the market. As the social awareness about hygienic drinks has spread on a higher level, users are becoming more careful about choosing glassware. This created more significant demands for creative portable sleeve cups in the market. Overall the global outlook for portable sleeve cups market is anticipated to remain progressive during the forecast period.
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Portable Sleeve Cups Market: Market Dynamics
Now a days, the rapid advancements and penetration of major economies because of the globalization, the demand for industries like tourism and hotel industry is increasing at a faster rate. The rapid growth of the tourism industry resulting into the expeditious growth of the portable sleeve cups. A rising purchasing power of individuals is generating the need of spending on quality food served and especially on beverages. During travel and leisure time, tourists prefer hygienic food and drinks. With the increasing demand for biodegradable products from consumers and the fact of staying away from plastics substantially boosted the growth of the portable sleeve cups market worldwide. Furthermore, governing bodies have implemented ban on plastic in many leading economical countries. This is resulted in to increasing use of disposable cups which will lead to greater demand for the portable sleeve cups market.
Many portable sleeve cups market players are coming up with the concept of advertising their beverage cups with sleeves around it. This gives them various advantages to promote their brand. The demand for attractively designed sleeves for cups, especially gifting during the festive seasons, is like to create more demand for portable sleeve cups during the foreseeable years. The trend is shifting further by the increased preference of consumers to use personalized cups, resulting into the increased growth rate of the portable sleeve cups market. The portable sleeve cups market is trending in the developed countries and also has the huge potential for in emerging economies markets in the upcoming years.
Portable Sleeve Cups Market: Segmentation
On the basis of material type, global portable sleeve cups market can be segmented as:
- Kraft paper
- Coated paper
On the basis of cup capacity, global portable sleeve cups market can be segmented as:
- 12 OZ Cups
- 16 OZ Cups
- 20 OZ Cups
- Above 22 OZ Cups
On the basis of end user, global portable sleeve cups market can be segmented as:
- Restaurants and Hotel
- Household & Offices
- Food Courts
- Airports, multiplexes
Portable Sleeve Cups Market: Regional Outlook
Geographically, the East and South Asia are a prominent regions in the global portable sleeve cups market. The rapid change in lifestyle and eating habits in the developing countries is ultimately fuelling the growth of the portable sleeve cups market. People in urban areas now started preferring disposable cups for hygienic reasons to a greater extent. This leads to an increase in the demand for portable sleeve cups in urban regions around the world. North America and Europe are expected to continue to generate significant revenues in the portable sleeve cups market in the forecasted period. This could be because of the high per capita consumption of paper cups, especially when traveling. Also, Latin America is projected to follow the footstep of North America in terms of demand and market growth of portable sleeve cups.
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Portable Sleeve Cups Market: Key Players
- Xuancheng Bo Site Commodity Co.Ltd.
- LEEPACK Industrial Co. Limited
- Zhejiang Zunyi Crafts Co. Ltd.
- Ningbo Gold Star International Co. Ltd.
- Other Local portable sleeve cups manufacturers
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on portable sleeve cups market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa (MEA)
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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