Cold Beverage Cups Market Overview
The cold beverage cups are used by many food and beverages industries for serving chilled and iced beverages such as soft drinks, desserts, milkshakes, alcoholic drinks, etc. The cold beverage cups are capable of cold liquids and not for hot liquids.
There are different materials from which the cold beverage cups are manufactured such as paper, plastic, glass. The increasing focus of the manufacturers of the cold beverage cups is to offer chilled beverages for a certain time period especially in hot summers. Because of such type of characteristic feature which maintains the true content of any cold beverage from temperature variations has propelled the growth of cold beverage cups in the market.
Presently, the novel Coronavirus spread has resulted into sluggish growth of packaging industry due to lack of labours and raw materials which has directly affected the packaging industry and further lowered the overall market for cold beverage cups in the market.
Cold beverage cups market- Market dynamics
The increasing take away culture has driven the demand for cold beverage cups so far. The growth of the cold beverage cups can also be attributed due to rising efficiency of such technology which can keep the beverages chilled for certain duration and which are also ideal during travelling, in turn, economical as well.
The cold beverage cups are made up of materials like glass, plastic, paper, foam. From all the materials, the glass is used in the hotel and restaurants as cold beverage cups. Paper and plastic is combined together in such a manner that the outer surface of the cold beverage cup is made up of paper whereas the inner coating is being done by plastic.
The cold beverage cups which are widely used in the fast food serving industry and in the take away food & beverages industry are the plastic cold beverage cups. The plastic used majorly is PLA (Polyactic acid) in the manufacturing of cold beverage cups. As PLA cold beverage cups are ideal for environment due to their disposability, they do not cause any harmful effects to the human body.
Other plastics such as PP (Polypropylene) and PET (Polyethylene terephthalate) are also used to manufacture single use disposable cold beverage cups. PS (Polystyrene) is less used for the manufacturing of cold beverage cups because of its adverse effect on human body as well as on the environment.
The Styrofoam cold beverage cups are also replaced by the PLA cold beverage cups as they are non-toxic and releases less greenhouse gases.Therefore, the market for cold beverage cups will be in demand due to the increasing fast food and take away food & beverages service industries in the world. Therefore, the manufacturers have a good opportunity to enter in the cold beverage cups market.
Cold beverage cups market- Regional Outlook
The North America region is the leading market of cold beverage cups because of increasing take away food and beverages culture. The Asia Pacific is also following up the trend of take away and fast food, owing to the growth of cold beverage cups market
Germany is anticipated to have a lucrative market of cold beverage cups in the European region due to the strict violations of banning plastic. The cold beverage cups are expected to flourish in Oceania because of the climate demanding for chilled drinks.
Cold beverage cups market- Competitors
The different competitors in the cold beverage cups market are as follows-
- Huhtamäki Oyj
- Dart Container Corporation
- Duni AB
- Greiner Packaging GmBh
- Frugal Pac Limited
- Lollicup USA Inc
- James Cropper Plc
- DOplA SpA
- Cosmoplast Industries Company
Cold beverage cups market segmentation
- PLA (Polyactic acid)
- PP (Polypropylene)
- PS (Polystyrene)
- PET (Polyethylene terephthalate)
- Food and beverage industry
- Soft drinks