Global Plastic Tumblers Market, By Material Type (Polypropylene (PP), Polyethylene (PE), Low Density Polyethylene (LDPE), High Density Polyethylene (HDPE), Polystyrene (PS), Polyethylene Terephthalate (PET), Polylactic Acid (PLA), Biodegradable Plastic and Others), Capacity (Less than 10oz, 10oz to 20oz, 20oz to 35oz and 35oz and Above), Sales Channel (Convenience Store, Hyper Market, Super Market and E-commerce), End Use (Coffee, Milkshake, Juices, Tea and Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Plastic Tumblers Market
Data Bridge Market Research analyses that the plastic tumblers market will project a CAGR of 3.02% for the forecast period of 2022-2029 and would reach an estimated value of USD 4,324.22 million by the end of forecast period. The global plastic tumblers market would be driven by advancements in the design and material quality of poly bags during the forecast period.
Packaging goods is usually done with a poly bagging machine. It involves employee training while maximising labour efficiency. Goods must be protected during transportation and shipment, and packaging safeguards the goods from any damage. The poly bagging machine has a tiny footprint and is frequently moved around on rollers. Furthermore, these bagging's easy and convenient features typically require little training to use. The polybags can be customised in a variety of sizes, colours, and designs to meet the needs of the customer.
The global push for eco-friendly products and packaging solutions has resulted in a growing preference for plastic tumblers and related products. Growing consumer awareness of the benefits of using eco-friendly products among these age groups has been a key factor in the rise in preference for products such as biodegradable plastic tumblers. Another important factor driving the growth of the plastic tumblers market in emerging economies is the growing trend among the local public to associate plastic tumbler designs with fashion and a way to express their personality.
Furthermore, the growing urban population in developing countries creates lucrative opportunities for the plastic tumblers market to expand. All of these factors have contributed to the expansion of the global plastic tumblers market over the forecast period.
However, the industry's growth is expected to be hampered by factors such as a worldwide ban on plastic and a shift away from non-recyclable materials. In the short term, the industry is also likely to suffer from the global lockdown caused by the COVID-19 pandemic, which has resulted in restrictions on large gatherings and temporary closures of cafes and restaurants.
This plastic tumblers market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 plastic tumblers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Plastic Tumblers Market Scope and Market Size
Global plastic tumblers market is segmented on the basis of material type, capacity, sales channel and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of material type, the plastic tumblers market is segmented into polypropylene (PP), polyethylene (PE), low density polyethylene (LDPE), high density polyethylene (HDPE), polystyrene (PS), polyethylene terephthalate (PET), polylactic acid (PLA), biodegradable plastic and others.
- On the basis of capacity, the plastic tumblers market is segmented into less than 10oz, 10oz to 20oz , 20oz to 35oz and 35oz and above.
- On the basis of sales channel, the plastic tumblers market is segmented into convenience store, hyper market, super market and e-commerce.
- On the basis of end use, the plastic tumblers market is segmented into coffee, milkshake, juices, tea and others.
Plastic Tumblers Market Country Level Analysis
Th Global plastic tumblers market is segmented on the basis of material type, capacity, sales channel and end use.
The countries covered in the plastic tumblers market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the plastic tumblers market due to factors such as rising demand for plastic tumblers among the general public, as well as increased use of personal tumblers by office workers in the United States, Canada, and other regions. Due to the high demand for tumblers in the region and the number of coffee enthusiasts across the country, the United States accounted for the largest market share in terms of sales and manufacturing of tumblers..
The country section of the plastic tumblers market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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 Plastic Tumblers Market Share Analysis
The plastic tumblers 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 plastic tumblers market.
Some of the major players operating in the plastic tumblers market are Starbucks, Tupperware Brands Corporation, Pelican Products, Inc., CamelBak Products, LLC., Thermos, LLC, Evans Manufacturing, Inc., Hydro Flask, Ee-Lian Enterprise (M) Sdn. Bhd., Cool Gear International, LLC, Klean Kanteen, Inc., Yeti Coolers, LLC, O2COOL, LLC, Bubba Brands, Inc., Lock&Lock Co., Ltd., ProMach, Magnum Group, KraussMaffei, SIPA S.p.A., IBO SRL, RESILUX NV, Taiwan Hon Chuan and Logoplaste among others.
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