Insulated Cup Sleeves Market Overview
Insulated Cup Sleeves Market Is Expected to Increase at a Value CAGR ~4%, During the Forecast Period
Newly released data from insulated cup sleeves Market Analysis shows that global demand of overall insulated cup sleeves market enjoyed year-on-year (YoY) growth of 4% in 2021. The kraft paper material segment grew 5%, while the coated paper material segment was up 3%.
Insulated Cup Sleeves Market: Market Outlook
Insulated Cup Sleeves, are the circular or cylindrical sleeves that perfectly fit over the paper cups which are handle-less, in order to encase user’s hands from hot items. Being composed out of single Grade PE or Double PE coated, they help in reflecting heat back to the cup.
These insulated cup sleeves are versatile, recyclable, light-weight and have great strength to encounter any kind of damage. This “cup and sleeves arrangement” reduces the thermal contact and minimizes the transfer of heat.
Insulated cup sleeves are not only limited to protection of the product, but also prove to be a budget friendly option to the customers. Considering these properties in mind, the demand for insulated cup sleeves market is anticipated to increase steadfastly, with a value CAGR of nearly 4%.
What are the Key Trends Impacting Growth of the Insulated Cup Sleeves Market?
Designed to keep the beverages at their coolest and most enjoyable state, the insulated cup sleeves have unique protected bottom, have stretchable fit and also limit the condensation. Their bottom is usually made of neoprene, a rubber-like material, which provides a sturdy stitching and helps in curtailing the spread of liquid outside the cup.
During summer heat, this “neoprene” material allows for a long-lasting iced-beverage. Moreover, the insulated cup sleeves can easily be fit inside a bag or a purse. Thereby, creating new opportunities and applications.
How are Insulated Cup Sleeves Creating New Opportunities in New Segments?
Being budget-friendly, washable and eco-friendly, the insulated cup sleeves are most in demand in the recent market scenario. As customers are preferring more “ready-to-eat” and easily available food products, the insulated cup sleeves are becoming the need of the hour, as they provide triple air-locking vacuum seal. This property allows for them to be highly utilized in food and beverages industry.
How is the Demand for Food and Beverages Industry Uplifting the Insulated Cup Sleeves Market?
As more and more restaurants and hotels are preferring the insulated cup sleeves due to their versatile, reusable and lightweight properties, their production by major manufacturers such as Xuancheng Bo Site Commodity Co., Ltd, which is a specialised manufacturer of disposable cups, is at an all-time high. The company also has a separate R&D installed for cups.
What are the Key Challenges that may Restrain Growth of the Insulated Cup Sleeves Market?
As more and more people are becoming aware of their properties of being reusable and light-weight, their demand is shooting and manufacturers are finding it difficult to align to the sudden increase in the demand. Also, pertaining to their light-weight, they have the possibility of falling off the table, or losing their balance.
Key Market Players of Insulated Cup Sleeves Market
- Xuancheng Bo Site Commodity Co
- Printed Cup Company
- Huhtamaki Oyj
- Graphic Packaging International
Key Market Players in Asia-Pacific of Paper Masking Tapes Market
- Anantsai Shrink Polymer
- Juang Jia Guoo Co., Ltd.
- Huaining Yinuo Paper Products Co., Ltd.
- Viekotech Limited
- Changsha Mingkai Paper And Plastic Products Co., Ltd.
What strategies are the Key Players adopting for Increasing their Market Share in the Insulated Cup Sleeves Market?
The manufacturers involved in the manufacturing of insulated cup sleeves are coming up with innovations in the form of the technology used during their manufacturing process.
- In April 2021, Graphic Packaging International, largest manufacturers of paperboard and paper-based packaging, introduced the “Hold&Go™” Insulated hot cups, through Thermashield technology, which aids in great insulation performance, thereby improving the quality of insulated cup sleeves.
Why is the Europe a Big Market for Insulated Cup Sleeves Market?
Technological advancements are leading the way for Insulated Cup Sleeves Market. For example, HÖRAUF, a German company is known for its high-end machines and technology for packaging industry. Also, the presence of key players like Graphic Packaging International, KAPGROUP, and many others are rising the market for insulated cup sleeves market.
How has the COVID-19 Pandemic Impacted the Insulated Cup Sleeves Market?
Massive transformation has happened due to COVID-19 pandemic. There has been a directional shift in the market ecosystem in the way supply-side of the market is being accessed.
This crisis has resulted in increase in the overall demand for many end-use industries, mainly food, beverage and healthcare segments, and has already led to slowdown in the recent times, in demand for certain types of packaging formats while accelerating growth for the others.
As the impact of the corona virus outbreak will be mixed, regarding the packaging for food related items, the demand will improve steadfastly for food and beverages industry, resulting in the overall boom of the insulated cup sleeves market.
Key Segments of Insulated Cup Sleeves Market Covered in the Report
Based on Material Type:
- Kraft Paper
- Coated Paper
Based on Capacity Type:
- 12 OZ Cups
- 16 OZ Cups
- 20 OZ Cups
- 22 OZ Cups
- 24 OZ Cups
Based on End-use:
- Café and Restaurants
- Institutes & Offices
Based on the Region:
- North America
- Latin America
- Middle East & Africa (MEA)
- East Asia
- South Asia