Recent years have witnessed a change in food habits due to modern lifestyle. The consumers across the globe are preferring cupcakes because of its handy characteristics and are expected to have increased in demand over the forecasted period. The manufacturers of cupcake wrappers are focusing on product safety as well as exquisite nature of the wrappers. The recent trends show an increasing in demand for cupcake in a small volume and are expected to anticipate the market for global cupcake wrappers. The materials mainly used for manufacturing cupcake wrappers are plastic and paper. The manufacturers of cupcake wrappers use biodegradable form of plastic in order to reduce the environmental impact of plastic waste on nature.
Global Cupcake Wrappers - Market Dynamics:
There has been a change in lifestyle and food habits of consumers owing to an increase in fast food restaurants over the few decades which is leading to an increase in demand for hygienic packaging, and this trend is expected to continue over the forecasted period for cupcake wrappers market. Cupcake wrappers also possess advantage of being molded to any size and giving an attractive look to the product owing to the use of plastic and paper. Cupcake wrappers also possess decorative design which gives beautiful look while they are being sold. These cupcake wrappers also intend to reduce the burden of keeping bulk cake after purchasing. The cupcake wrappers are also lighter and smaller in size so that they can be carried anywhere and can be produced in any quantity. Attributed to these drivers, the market for cupcake wrappers is expected to witness an augmentation in the growth potential over the forecasted period. Cupcake wrappers market faces problems from the presence of local players which are offering the products at a cheaper rate.
Global Cupcake Wrappers – Regional Overview:
The global Cupcake wrappers is segmented on the basis of region such as:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Middle East & Africa
The cupcake wrappers market in North America region is to remain dominant for the highest revenue growth as compared to markets in other regions. Latin America region is expected to witness above average growth for cupcake wrappers market for further four to five years. In Western Europe, countries like Germany, France, and the UK are expected to have a significant growth of cupcake wrappers market over the forecast period 2017-2025. In addition, countries of Eastern Europe such as Russia and Poland are also expected to have augmentation in the growth potential for cupcake wrappers. The cupcake wrappers market in India and China are projected to be dominating the globe owing to change in lifestyle and food habits. Moreover, the growth for cupcake wrappers market in other parts of Asia Pacific is expected to be driven by increasing disposable income and spending power among consumers in countries of this region. In addition, cupcake wrappers market in these developing economies also has a positive impact owing to the technological advancement of food industries. Japan is also expected to continue with the stagnant growth for cupcake wrappers market over the forecast period. The Middle East and Africa region are expected to have a substantial increase in the cupcake wrappers market for GCC countries and South Africa.
Global Cupcake Wrappers – Key Players:
Few of the key players in the Cupcake wrappers are Novacart USA, Rockline Industries, Dress My Cupcake, Sweets & Treats Boutique, Temmashiki Co., Ltd., Sun America, LLC, Yiwu Ju Ang Craft Co., Ltd, Hangzhou Hony Technology Co., Ltd., Zhejiang Junwang Paper Product Co., Ltd., Foshan Yuguitang Gifts Packing Co., Ltd., etc.
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The regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
- The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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Global Cupcake Wrappers - Market Segmentation:
The global Cupcake wrappers market is segmented on the basis of material type and size.
Segmentation for Cupcake wrappers on the basis of material type:
- Pressed Paper
Segmentation for Cupcake wrappers on the basis of size:
- Mini (1 ¼ * ¾ inch)
- Standard (2 * 1 ¼ inch)
- Jumbo (2 ¼ * 1 ¾ inch)
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