Global Hot Beverage Cups Market, By Type (Plastic, Paper, Glass, Other), Cup Capacity (Up to 150 ml, 150 to 350 ml, 350 to 500 ml, Above 500 ml), End User (Coffee and Tea Shops, Other Fast Food Shops, Offices and Educational Institutions, Residential Use, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The hot beverage cups are extensively used for drinking hot coffee, tea, soups, and other liquid beverage products. The busy lifestyle of a major population globally is resulting in growth in the demand for user-friendly products. Nowadays, people are seen choosing the better options for packaging hot beverages. Seeing this consumer shift their businesses such as cafeterias, quick-service restaurants and other catering service providers are increasing the use of hot beverages cups. The hot beverage cups are mainly made of glass, paper, plastic and other materials, while polypropylene is mainly used to manufacture the plastic cups.
Data Bridge Market Research analyses that the hot beverage cups market was valued at USD 1,200 million in 2021 and is expected to reach USD 1985.99 million by 2029, registering a CAGR of 6.50 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Plastic, Paper, Glass, Other), Cup Capacity (Up to 150 ml, 150 to 350 ml, 350 to 500 ml, Above 500 ml), End User (Coffee and Tea Shops, Other Fast Food Shops, Offices and Educational Institutions, Residential Use, Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Huhtamaki (Finland), Konie Cups International, Inc (U.S.), Genpak, LLC (Germany), Conver Pack, Inc (U.S.), Dart Container Corporation (U.S.), Georgia-Pacific (U.S.), F Bender limited (U.K.), Graphic Packaging International LLC (U.S.), Kap Cones Pvt. Ltd. (India), Grupo phoenix (U.S.), Jiangsu Xinyu Bio-Tech Co., Ltd. (China), Eco-Products Inc (U.S.), International Paper (U.S.), Detmold (Australia)
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Market Opportunities
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Market Definition
Hot beverages cups are used to consume food and beverages such as tea, coffee, and soups. These cups are covered with polyethylene, the most common plastic resin that helps improve their performance and durability by preventing the decreased moisture from soaking in and retaining flavour. The requirement for paper cups has also been influenced by the growing trend of readymade services and ready-to-eat and drink food globally.
Hot Beverage Cups Market Dynamics
Drivers
- Increase in the number of institutional and commercial area
Increasing number of commercial and institutions areas in the developing economies is a significant driver of the hot beverages cups market growth. The rising demand of compostable and bio-degradable paper based hot beverages cups is anticipated to drive the market growth of hot beverages cups
- Rising demand of tea and coffee
Tea and coffee are the most popular hot beverages. Small tea shops are available in every corner and nook of the area. Teas and coffee consumption is exceptionally high in several countries. The growing number of tea, coffee shop chains, restaurants, and cafeterias could enhance the growth of the hot beverage cups market.
Opportunities
- Growing demand for disposable hot beverages cups
Disposable hot beverage cups have become quite popular over the past decade. The sense of suitability among the consumers is expected to drive the demand of the hot beverages cups. Growing demand for quick-service restaurants (QSRs) from the semi-urban and urban markets are anticipated to create the beneficial opportunity for the hot beverages cups market.
Moreover, increase in strategic collaborations and rise in the emerging new markets will act as market drivers and further increase the profitable opportunities for the market's growth rate.
Restraints/ Challenges
However, certain manufacturers and industrialists add a significant amount of fluorescent whiting agent to give the cup a whiter appearance. These whiting chemicals-based agents can modify cells that damage the human body. Furthermore, lack of quality standards might hamper the growth of the hot beverages cups market in the near future. These are the major market restrains factors that will obstruct the market's growth rate.
This hot beverage cups market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hot beverage cups market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hot Beverage Cups Market
COVID-19 pandemic has restricted several industries and hindered many businesses globally. However, the pandemic has positively impacted the demand of hot disposable beverages cups market due to increasing hygiene concerns. People restricted themselves from sharing their things with others, including drinks to avoid COVID-19 infections. However, the lack of supply of raw materials and declining manufacturing unit rate had affected the manufacture of hot beverages cups. Moreover, government lockdowns and growing shift towards work from home considerably affected the demand for hot beverages cups in the market.
Global Hot beverage cups Market Scope
The hot beverage cups market is segmented on the basis of type, cup capacity and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Plastic
- Paper
- Glass
- Other
Cup Capacity
- Up to 150 ml
- 150 to 350 ml
- 350 to 500 ml
- Above 500 ml
End User
- Coffee and Tea Shops
- Other Fast Food Shops
- Offices and Educational Institution
- Residential Use
- Others
Hot Beverage Cups Market Regional Analysis/Insights
The hot beverage cups market is analysed and market size insights and trends are provided by country, type, cup capacity and end-user as referenced above.
The countries covered in the hot beverage cups market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the hot beverage cups market in terms of market share during the forecast period. This is due to the increasing demand for hot beverage cups in this region. The Asia-Pacific region dominates the hot beverage cups market, with India leading the way in terms of increasing number of cafeterias, tea, restaurants, and coffee shop chains, the penetration of western fast-food supply chains in this region.
During the estimated period, North America is anticipated to be the fastest developing region due to the rising demand for disposable hot beverage cups.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hot Beverage Cups Market Share Analysis
The hot beverage cups market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hot beverage cups market.
Some of the major players operating in the hot beverage cups market are:
- Huhtamaki (Finland)
- Konie Cups International, Inc (U.S.)
- Genpak, LLC (Germany)
- Conver Pack, Inc (U.S.)
- Dart Container Corporation (U.S.)
- Georgia-Pacific (U.S.)
- F Bender limited (U.K.)
- Graphic Packaging International LLC (U.S.)
- Kap Cones Pvt. Ltd. (India)
- Grupo phoenix (U.S.)
- Jiangsu Xinyu Bio-Tech Co., Ltd. (China)
- Eco-Products Inc (U.S.)
- International Paper (U.S.)
- Detmold (Australia)
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