The Global Cup Sleeves Market size was valued at around USD 30.3 billion in 2023 & is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024-30.
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Key Findings of the Study: Cup Sleeves Market
Global Cup Sleeves Market Driver: Inclination and Adoption of Takeaway Beverages
The growing economy gives hype in changing lifestyles, such as busier schedules, and reliance on online delivery & takeaway orders, especially for on-the-go beverages. Here, cup sleeves play an important role in this changing trend. Owing to its insulating capacity, cup sleeves are mostly used in takeaway orders. Also, cup sleeves allow customers to conveniently travel with beverages. This led to flourishing the requirement for cup sleeves and hence driving the growth & expansion of the Cup Sleeves Industry.
Scope of the Report and Cup Sleeves Market Segmentation
By Product Type
-Shrink Sleeve
-Protective Sleeve
By Material
-Paper & Paperboard
-Plastic
-Rubber
-Others
- The paper & paperboard segment holds the largest market share and is expected to hold the highest demand in forthcoming years.
By Distribution Channel
-Offline
–Direct Sales
–Distributors and Wholesalers
-Online Retail
By End User
-Food & Beverage Industry
-Cafes & Kiosks
-Hotels & Restaurants
-Quick-Service Restaurants
-Canteens
-Others
Top leading companies in the Cup Sleeves Market includes:
BriteVision Media, LLC, Printed Cup Company, Graphic Packaging International, LLC, Trident Paper Box Industries, LBP Manufacturing, LLC, Sabert Corporation, Novolex, HotShot Coffee Sleeves USA, BioPak, Ganesha PrintoPack Industries, Pactiv LLC, Starbucks Corporation, New WinCup Holdings, Inc, WestRock Company, Anchor Packaging, and others
Cup Sleeves Market Development
- In 2024: Novolex announced a strategic investment in Rhode Island-based reusable system and container brand OZZI. This provides a circular solution for the food industry and accelerates the growth of the environment.
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Geographical analysis:
North America: US, Canada, Mexico
Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
South America: Brazil, Argentina, Rest of South America
Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
- Asia-Pacific holds a prominent market share since the adoption of Cup Sleevess in the region has been on a remarkable upward trajectory due to supportive digitalization policies, and the increasing penetration of smartphones & internet services.
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