A beverage coaster is a little pad that is used to place beverages on. A beverage coaster prevents a surface, such as a table, from being warm or soiled as a result of a beverage stored in a glass, cup, bowl, or other container. Nowadays, there is a high need for beverage coasters due to a growth in customer preferences for coffee shops, pubs, lounges, and other establishments where the most popular food items supplied are beverages.
Beverage coasters are made of paper or foam and absorb excess water from beverage cups, beer mugs, and other similar items while protecting the table's surface. Even beverage coasters are used to advertise and protect the trademarks of various businesses. Beverage coasters are often constructed of paperboard, tissue paper, foam, and other materials that are predicted to have significant increase during the projection period of 2022-2032.
The beverage coaster market has grown significantly in recent years as a result of its use in the hospitality industry. Glass drinking coasters printed with images of businesses, sports franchises, and advertisements are becoming increasingly popular. Furthermore, the increased consumption of beverages owing to improving consumer lifestyles is driving the global expansion in the use of beverage coasters.
Furthermore, the trend of using beverage coasters as decorative items is growing the popularity of beverage coasters. Furthermore, the beverage coaster industry is being constrained owing to fierce rivalry from local producers all over the world. The beverage coaster market in North America is likely to remain dominant in terms of revenue growth when compared to markets in other regions. The beverage coaster market in India and China is predicted to increase significantly in terms of revenue.
Furthermore, the expansion of the beverage coaster market in other areas of Asia Pacific is likely to be driven by rising per capita disposable income and purchasing power among this region's customers.
The Latin American market for beverage coasters would also have a presence and is predicted to develop at a significant rate. The revenue contribution from sales in GCC nations and South Africa is predicted to expand significantly in the MEA beverage coaster market.
The Katz Group Americas, Inc., Cangnan Worldwide Gifts Co., Ltd., Coaster Factory, Yangjiang Zhixiang Industry & Trade Co., Ltd., Guangzhou Artgift Trading Ltd., Shenzhen Longgang Jinweixin Silicone Product Factory, and others are prominent participants in the beverage coaster industry.
A beverage coaster is a small mat which is used for resting beverages upon it. Beverages coaster protects the surface, such as table from getting heated or dirty from the beverage kept in a glass, cup, bowl etc. Nowadays there has been a good demand for beverage coaster due to increase in the preferences of coffee shops, pubs, lounges, etc. by consumers where the most common food items sold are beverages.
The beverage coasters are made of paper or foam which soaks the excess water of beverage cups, beer mugs, etc. and protect the surface of table. Even the beverage coaster are used for providing advertisement and trademarks of several brands. Beverage coasters are usually made of paperboard, tissue paper, foam, etc. which are expected to witness extensive growth during the forecast period 2017-2025.
Estimated Value of Global Beverage Coaster Market by 2022
US$ 1.5 Billion
Documented Market Value of Beverage Coaster Market in 2032
US$ 2.5 Billion
Estimated CAGR from 2022-2032
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In recent years, beverage coaster market have seen a noticeable growth due to the usage in hospitality industry. Nowadays the trend for glass beverage coasters printed with different pictures of brands, sport franchise and advertise are getting traction. In addition, the increase in consumption of beverages due to improved lifestyle of consumers are driving the growth for the usage of beverage coaster across the globe.
Furthermore, the trend for beverage coaster as a decorative item is also increasing the preference for beverage coaster. Moreover, the beverage coaster market is getting restricted due to intense competition from local manufacturers across the globe.
The global beverage coaster market can be divided into seven major regions which are as follows -
The beverage coaster market in North America region is expected to remain supreme for the highest revenue growth as compared to markets of other regions. Beverage coaster market in India and China is expected to have considerable growth in terms of revenue.
Furthermore, the growth of beverage coaster market in other parts of Asia Pacific is expected to be driven by increasing per capita disposable income and spending power among consumers in this region. The market for Latin America would also have a presence for beverage coaster and is expected to grow at a notable rate.
The beverage coaster market in the MEA region is expected to witness a significant increase in revenue contribution from sales in GCC countries and South Africa.
Few of the key players in the beverage coaster market are The Katz Group Americas, Inc., Cangnan Worldwide Gifts Co., Ltd., Coaster Factory, Yangjiang Zhixiang Industry & Trade Co., Ltd., Guangzhou Artgift Trading Ltd., Shenzhen Longgang Jinweixin Silicone Product Factory, etc.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
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The global beverage coaster market can be segmented by the material type, by printing technology, and by end user base.
On the basis of material type, the global beverage coater market is segmented into -
On the basis of printing technology, the global beverage coater market is segmented into -
On the basis of end use, the global beverage coaster market is segmented into -