Cup Carriers Market to Surpass US$ 528.5 Mn by 2032 Amid

2022-08-19 19:17:29 By : Ms. Zhang Claire

August 18, 2022 10:30 ET | Source: Future Market Insights Global and Consulting Pvt. Ltd. Future Market Insights Global and Consulting Pvt. Ltd.

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NEWARK, Del, Aug. 18, 2022 (GLOBE NEWSWIRE) -- The global cup carriers market is expected to reach a valuation of US$ 320.9 Mn in 2022. Sales are projected to gain traction at a 5.1% CAGR over the assessment period, with the market valuation reaching US$ 528.5 Mn by 2032.

Cup carriers have grown popular due to their availability in different sizes and designs. In addition, the food and beverage companies use cup carriers as they are the best solution for take away businesses such as restaurants and business concepts such as kiosk kitchens.

Manufacturers and distributors also provide various brand designs on the cup carriers, which not only serve as a carrier but also help with branding. In addition, with time, consumers are becoming more environmentally conscious, which has increased the sales of paper, wood, and double molded pulp cup carriers.

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Consumers are now becoming more health and environment conscious. Eco-friendly cup carriers are going to rule the market, as they are degradable completely within a few days and the government and various efforts from other organizations would help the         cup carrier market to get good holding.

Consumers prefer cup carriers, which are better in quality and are less harmful. Paper and wood would be prominent materials to drive the cup carriers market. Molded pulp is the packaging material which is made out of recycled paperboard or newspaper. It is sustainable packaging material which can control the growing environmental issues.

“Increasing preference for eco-friendly and sustainable packaging solutions across various industries, along with expansion in the foodservice sector will drive sales in the market over the forecast period,” says an FMI analyst.

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MULTIPAP, Green Paper Products, LLC, Huhtamäki Oyj, Georgia-Pacific Consumer Products LP, Sabert Corporation, Pactiv LLC, Southern Champion Tray, LP, Graphic Packaging International, LLC, PakTech, WestRock Company, CELLULOPACK SAS, Cascades inc, MULTI-WAYS PACKAGING, Colpac Ltd, Dreamfly Packaging Co.,Ltd, Napco National, Detmold Group, and Judin Pack Group are some of the leading players operating in the global cup carriers market.

Global Cup Carriers Market Report

Future market insights, in its new report, offers an unbiased analysis of the global market for cup carriers market by material (plastic, paper, wood and molded pulp), by carrying capacity (single cup, 02 cups to 04 cups and above 04 cups), by end use (foodservice (quick service restaurant, hotels, restaurants, cafes and others), institutional, and household), across seven regions.

        3.5.1. Supply Side Participants and their Roles

            3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)

        3.5.2. Value Added and Value Created at Node in the Supply Chain

        3.5.3. List of Raw Material Suppliers

        3.5.4. List of Existing and Potential Buyer’s

4. Global Cup Carriers Market Analysis 2015-2021 and Forecast, 2022-2032

    4.1. Historical Market Size Value (US$ Mn) & Volume (Tonnes) Analysis, 2015-2021

    4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tonnes) Projections, 2022-2032

Click Here for Cup Carriers Market 164 pages TOC Report

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