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According to Transparency Market Research’s latest report on the North America cup carriers market for the forecast period of 2021–2031, the market is estimated to grow, owing to the demand from the beverage industry

The North America cup carriers market is expected to clock 4.1% value growth rate during the forecast period. Practice of takeaways is likely to increase the sales of cup carriers in the years to come.

Coffee Consumption in North America to Drive Demand for Cup Carriers

Coffee is one of the rich sources of antioxidants in western diets and contains several antioxidants good for health. These are a few of the factors for its popularity and increase in demand in North America. According to a survey by the National Coffee Association USA, 62% of Americans drink coffee every day, and almost half (48%) of the daily coffee drinkers in the U.S. buy their coffee from a quick-service restaurant, cafes, and drive through.

Despite the onset of the pandemic in the year 2020, coffee consumption increased in Canada. Coffee Association of Canada confirmed that coffee consumption in Canada has surged from 69% of daily coffee drinkers in April 2020 to 71% of them in October 2020.

Increasing coffee consumption is expected to boost the demand for cup carriers in North America since it makes carrying coffee convenient and helps customers to save time by taking it on the go.

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Growing Demand from Outdoor Social Occasions to Reshape Market for Cup Carriers in North America

Retail sales channels for cup carriers also target outdoor social occasions that involve buffet tables. Outdoor social events such as social club meetings, community get-togethers, etc. create considerable demand for beverages with disposable cup carriers for attendees.

Molded fiber cup carriers are popular among end users and buyers of cup carriers for the retail market segment. Molded fiber cup carrier is highly preferred due their lightweight and eco-friendly features. Communities and clubs regularly organize get-togethers and meetings to enhance socialization value among individuals in their organizations.

The cup carriers market is expected to continue to grow in North America due to the strong demand being generated from single-use cutleries required at several social occasions. Non-profit organizations, sports clubs, community clubs, and other local and social groups are growing rapidly around the world. These social groups regularly organize congregations and conventions of large members. Cup carriers emerge as effective and convenient solutions for a large assembly of people.

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Takeaway Culture, Food Delivery in North America to Boost Cup Carriers Market

Individual food choices and convenience of food at home are giving a boost to takeaway culture in North America. Pandemic has boosted food & beverage delivery and takeaway food in North America. Customers prefer food delivery apps and takeaway instead of eating at restaurants due to lockdown restrictions and personal safety.

Customers favor eco-friendly packaging material when it comes to food and beverage packaging. This is helping paper/molded fiber segment in material to gain traction and grow in the market.

Preference for Insulated Bags for Beverage Delivery Act as Restraint to Cup Carriers Market

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North America Cup Carriers Market: Competition Landscape

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