Cup Carrier Market Size Worth $498.90 Million By 2032 | CAGR: 4.4%

The global cup carrier market size is expected to reach USD 498.90 million by 2032, according to a new study by Polaris Market Research. The report “Cup Carrier Market Share, Size, Trends, Industry Analysis Report, By Material (Plastic, Paper, Wood, Molded Pulp); By Carrying Capacity; (Single Cup, 02 Cups to 04 Cups, Above4 Cups); By End Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Consumer preferences have shifted towards sustainability and convenience. Cup carriers provide a convenient and eco-friendly way to carry multiple cups or beverages, reducing the need for single-use plastic bags or trays. As consumers become more conscious of environmental issues, the demand for sustainable packaging solutions like cup carriers has grown. Market has witnessed substantial growth due to the booming delivery culture.

Manufacturers and suppliers are innovating to meet the evolving demands of the industry, introducing features like eco-friendly materials, customizable designs, and improved insulation for hot and cold beverages.

• For instance, in 2022, SOFi launched its newest offering, The SOFi Cup Carrier, catering to the needs of food and beverage businesses. This cup carrier stands out as it is not only made from spunlace cotton, the same material found in flushable wipes, but is also 100% compostable.

The market expansion has also created opportunities for new players to enter the industry, further fueling competition and innovation.

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Offering takeaway accessories, including cup trays, demonstrates a commitment to customer convenience and service. Providing a hassle-free and convenient way for customers to carry multiple beverages encourages repeat business and enhances the overall customer experience. Customizable accessories also help increase brand awareness and promote customer loyalty. The soaring demand for a cup holder product specifically designed for the music festival market is driving the market growth.

The start-up firm in Cardiff has identified a niche market and developed a cup holder that caters to the unique needs of music festival attendees. The beverage industry, including coffee, tea, soft drinks, and more, is continuously expanding globally. As more people enjoy a variety of beverages outside their homes, the demand for cup carriers to transport and enjoy these drinks on the go increases.

Carrier Cup Market Report Highlights

• Plastic segment is anticipated to witness faster growth in the coming years due to the cost-effectiveness, durability, versatility, & customization options.
• 02 Cups to 04 Cups segment accounted for the larger market share owing to the increased demand for takeaway and delivery services.
• Food Service segment is projected to experience a larger revenue share due to the need to cater to diverse beverage orders.
• APAC is projected to register a higher growth rate in the study period owing to the growing quick service restaurant industry.
• Europe is expected to grow larger revenue share owing to the growing popularity of delivery culture.
• The global players include Dart Container, Huhtamaki, Georgia-Pacific, Pactiv, Genpak, Berry Global, Eco-Products & Detpak.

Polaris Market Research has segmented the carrier cup market report based on material, carrying capacity, end use and region:

Carrier Cup, Material Outlook (Revenue - USD Million, 2019 - 2032)

• Plastic
• Paper
• Wood
• Molded Pulp

Carrier Cup, Carrying Capacity Outlook (Revenue - USD Million, 2019 - 2032)

• Single Cup
• 02 Cups to 04 Cups
• Above4 Cups

Carrier Cup, End Use Outlook (Revenue - USD Million, 2019 - 2032)

• Food Service
  • Quick Service Restaurant
  • Hotels
  • Restaurants
  • Cafes
  • Others
• Institutional
• Household

Carrier Cup, Regional Outlook (Revenue - USD Million, 2019 - 2032)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Cup Carrier Market Report Scope