Global Vending Cups Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Vending Cups Market 2021 (Includes Business Impact of COVID-19)
Global Vending Cups Market report focuses on market growth-supporting factors, opportunities, trends, and challenging factors. In addition, the report includes PEST and Porters analysis, supply chain analysis/ value chain analysis, revenue details by segments, regions and major countries along with qualitative data. Moreover, the report includes company profiles, financials, contact details, business segment revenue, SWOT analysis, etc. The target market is projected to witness significant growth rate of X.X % over the 10-year forecast period. The global vending cups market report has been segmented on the basis of material type, size, end-use application, and region/ country.
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The global Vending Cups market size was valued at USD $1.95 billion in 2020 and is projected to reach USD $2.81 billion by 2030, and is anticipated to expand at a CAGR of 3.70% over the forecast period from 2020 to 2030.


Vending Cups: Overview


Vending cups are different from normal disposable cups as they offer better grip. The vending cups are light-in-weight, recyclable, and eco-friendly. However, the price of vending cups is higher than normal water cooler cups and have low manufacturing tolerance.


Global Vending Cups Market: Dynamics


Growing demand for packaged items including coffee, tea and other beverages in public places is one of the major factors expected to drive growth of the global vending cups market. Additionally, rapid urbanization, changing eating habits, increasing spending power of individuals, and an increasing number of coffee shops and cafes are other factors anticipated to drive growth of the global market. Moreover, increasing awareness of hygienic food products and benefits about vending cups are other factors expected to boost growth of the global market. Increasing health concerns related to packaging materials, coupled with rising adoption of paper-made vending cups are factors expected to drive growth of the target market.

However, availability of cheaper substitutes may restrain growth of the global vending cups market during the forecast years to certain extent.

The ongoing trend observed in the global market is increasing consumer preference towards fast-food products, especially among the younger population, which in turn is expected to drive growth of the global market. In addition, innovation in the packaging is projected to create potential revenue in the target market during the forecast period.


Global Vending Cups Market: Segment Analysis


By Material Type:

There are three major types of material types in the market, among which the foam segment is expected to dominate in the global market during the forecast period, due to their superior insulation properties which helps maintain the temperature of the food.

By End-use Application:

Among the two major types of end-use applications, the hot-cup beverages segment is estimated to account for significant revenue share in the global market, due to the ever-increasing demand for hot beverages such as Tea, Water, Coffee, Hot chocolate, etc.


Global Vending Cups Market: Region Analysis


The North America market is expected to dominate in the global vending cups market, due to rising number of events, sports events such as football, cricket, etc., social gatherings, etc., coupled with increasing consumption of on-the-go beverages in the countries in the region. The Asia Pacific market is expected to account for significant revenue share and is expected to register the highest CAGR in the forthcoming 10 years. This can be attributed to growing consumer inclination towards food hygiene, increasing number of working population and increasing demand for on-the-go food products by consumers in the countries in the region. In addition, increasing number of coffee stores, food outlets, among others is expected to drive growth of vending cups during the forecast period. Furthermore, the manufacturers of vending cups are focused on decorative products, which help to attract more customers, and is another factor expected to propel growth of the target market. The Europe, Latin America, and the Middle East and Africa markets are expected to register moderate growth rates over the 10-year period.

Global Vending Cups Market Segmentation:

Segmentation by Material Type:

  
Foam
  
Paper
  
Plastic
  
Polyamide
  
Polyethylene
  
Polypropylene

Segmentation by Size:

  
20 oz
  
15“20 oz
  
12“15 oz
  
8“12 oz

Segmentation by End-use Application:

  
Hot-cup beverages
  
Tea
  
Water
  
Coffee
  
Hot chocolate
  
Cold-cup beverages
  
Juice
  
Sodas


Key Market Players included in the report:


  
Benders Paper Cups
  
Coveris Holdings S.A.
  
Dispo International
  
Golden Paper Cups Manufacturing Co. LLC
  
Hangzhou Renmin New Packaging Material Co., Ltd
  
HOSTI International GmbH
  
Huhtamaki Oyk
  
International Paper Company
  
Moducup LLC
  
MPM Marketing Services Pty Ltd.
  
New WinCup Holdings Inc.
  
Nupik-flo UK Ltd.
  
Printed Cup Company
  
Regalzone LLP.
  
RPC Tedeco-Gizeh S.A.S
  
SwissPrimePack AG
  
The Paper Cup Company