Analysis of Cup Carriers market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
The packaging industry is evolving with time, manufacturers are continuously looking forward to create new and innovative packaging products. To meet the need of the customers, multipack solutions have developed in the market, such as cup carriers, bottle carriers, and others. Cup carriers are used by the food & beverage industries, not only for holding multiple cups together, but they also contribute to the brand image of the company.
Cup carriers are made up of using corrugated cardboard, moulded pulp, and metal. These cup carriers are available in different sizes and volumes and suitable for varied application. Cup carriers are equipped with ergonomic handling. As the demand for the cup carriers is on the rise, industries are coming up with new designs. Overall the market for the global cup carriers is expected to be positive during the next decade.
Cup carriers are available in multiple cup options from 2 cups, 4 cups and above. Cup carriers provide the practical solution to take away businesses such as fast food restaurants or coffee outlets. These factors are expected to drive the global cup carriers market during the next decade. Cup carriers are the perfect solution for on-the-go beverages. Manufacturers are using cup carriers for branding and promotion and enhancing the shelf appeal of the product as it makes the products stand out from the rest.
Cup carriers act marketing instrument for the food and beverage industries and contribute to brand recognition at point of sale (POS). The growing preference of consumers for quick consumption of food and beverages is also driving the demand for cup carriers. These factors are expected to drive the global cup carries market during the next decade. Cup carriers’ manufacturers provide their customers with customizability options and brand specific designs. The growing trend towards compact packaging prevalent in the food and beverage industry as well.
Taking this into account, food and beverage industries provide their offerings in light weight and small sized cup carriers. These factors are expected to fuel the global cup carriers market during the forecast period. Cup carriers provide two basic functionality. Firstly, marketing contribution at the point of sale, where it incorporates with designs and images for better brand recognition and secondly, cup carriers provide ease of carrying to the customers. These factors are expected to drive the global cup carriers market by the end of the forecast period.
North America and Western Europe regions are expected to drive the global cup carriers market; it is attributed to the continuous demand for on-the-go food in the regions. It is also attributed to high disposable income in countries such as U.S. Canada and parts of Europe.
It is followed by APEJ, it is due to the growing trend of specialized food and beverage packaging in countries such as China, India, and Thailand among others. Latin America region is also expected to witness average growth in the cup carriers market during the forecast period. MEA is expected to witness above-average growth. It is attributed to the adoption of ready-to-eat food in the region. Japan is likely to witness below average growth during the forecast period.
Some of the global players operating in cup carriers market are-
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 market segments such as geography, material type, number of packs and end use.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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The global cup carriers market has been segmented on the basis of material type, number of packs and end use:
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
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North America and Western Europe regions are expected to drive the global market.
Some of the global players operating are Huhtamaki Group, WestRock Company, Smurfit Kappa Group, Cellulopack and Happiness Moon Co.
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