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Neoprene Coffee Sleeves Market

Market Insights on Neoprene Coffee Sleeves covering sales outlook, demand forecast & up-to-date key trends

Neoprene Coffee Sleeves Market : Global Industry Analysis 2016 - 2020 and Opportunity Assessment 2021 - 2031

Neoprene Coffee Sleeves Market Overview

The global neoprene coffee sleeves market is expected to increase at a growth rate of around 4.0% to 5.0% during the forecast period

Revenues in the café and restaurants end-use segment of the neoprene coffee sleeves market grew a robust 4% year over year in 2021. Demand of café and restaurants end-use segment increased 5% between 2020 and 2021, giving the neoprene coffee sleeves market year-over-year growth of 4.5% in 2021, according to the FMI.

Neoprene Coffee Sleeves Market: An Overview

The rapid change in the lifestyle of the consumers due to economic prosperity has directly influenced the growth of the neoprene coffee sleeves market. Over the periods, food and beverage dining and takeaways from cafes, restaurants have increased the demand for neoprene coffee sleeves which is cylindrical that fits perfectly around the coffee cup.

The neoprene coffee sleeves are made up of polychloroprene which is a synthetic polymer similar to rubber. It acts as a solution for the consumers to enjoy the hot coffee comfortably by keeping their hands cool while holding the hot beverage. Usually, the beverage cups are made up of thin plastic, paper etc.

which transfer heat easily that helps boost the growth of the neoprene coffee sleeves market. With increasing awareness regarding hygiene and sanitization, consumers have become selective about the packaging solutions. The growth of the drive-in orders, takeaways are fueling the demand in the food & beverage industry which directly affects the neoprene coffee sleeves market.

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What drives the growth of the Neoprene Coffee Sleeves Market?

Many café and restaurant owners rely on double-walled cups for heat protection but this increases the expenditure. Instead, usage of neoprene coffee sleeves has resulted to be proven as a cost-effective solution to reduce heat conduction between the coffee and hands.

They provide a comfortable, durable, and non-slip feel, by providing an additional layer of protection acting as an accessory even during transit. The neoprene coffee sleeves market has a higher density that tends to have a higher potential for transferring heat.

Neoprene coffee sleeve unlike a single time use accessory, can be reused and recycled until the coffee sleeve is torn or externally damaged which attracts the go green consumers. Also, they are light in weight to carry, highly durable and impact resistant which makes them valuable for avoiding any spillage of the drink due to external pressure.

The coffee sleeve also acts as a great advertising opportunity for the brand owners to promote their café, restaurant through an innovative packaging solution since it places the brand in the hands of the consumer. It is expected to drive better results than the traditional billboards, flyers with high recall rates that fuel the sales of the coffee cup impacting the neoprene coffee sleeve market.

What Restraints the Growth of the Neoprene Coffee Sleeves Market?

Neoprene coffee shrink is a synthetic rubber that is made up of petroleum feedstock which is expensive in some countries that may negatively impact the cost expenditure and also the market. The availability of substitutes such as silicon rubber, thermoplastic is expected to hinder the growth of the neoprene coffee sleeves market.

Ismail Sutaria
Principal Consultant
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Competitive Landscape

Key global players of the neoprene coffee sleeves market are:

Key players in the Asia Pacific region of the neoprene coffee sleeves market are:

  • Xuancheng Bo Site Commodity Co.Ltd
  • LEEPACK Industrial Co. Limited
  • Ningbo Gold Star International Co. Ltd.
  • Zhejiang Zunyi Crafts Co. Ltd.
  •  Dongguan Runhong Sports Goods Co., Ltd.
  • Shenzhen L-pretty Technology Co., Ltd.

How is Asia Pacific Region Showcasing a Blistering Growth in the Global Neoprene Coffee Sleeve Market?

The neoprene coffee sleeve market is aided by the food & beverage industry that is growing at a steady pace specifically in the Asia Pacific region such as China and India. The rapid change in the lifestyle habits in the developing countries are contributing towards the growth of the neoprene coffee sleeve market as they are starting to prefer disposable cups rather than glass or ceramic cup specifically during transit.

The presence of the majority of key players in the neoprene coffee sleeve market is high in China which accounts for a major share in manufacturing across the globe. North America, Europe are also anticipated to grow significantly in the neoprene coffee sleeve market as the consumption of on-the-go beverages is accounted to be high in these regions.

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How has Covid-19 Impacted the Growth of the Neoprene Coffee Sleeves Market?

The concerns caused by the Covid 19 pandemic to any large scale or small scale industry has increased more than usual due to the stoppage in manufacturing. However, the food & beverage industry has been impacted positively due to the online retail and the online deliveries of the items.

Online deliveries coupled with consumers preference for disposable cups owing to hygienic reasons has led to an increase in the demand for the neoprene coffee sleeve market.

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

Key Segments of Neoprene Coffee Sleeves Market Covered in the Report

Based on the Cup Capacity, the Neoprene Coffee Sleeves Market has been segmented as

  • 12 Oz Cups
  • 16 Oz Cups
  • 20 Oz Cups
  • 22 Oz Cups
  • 24 Oz Cups

Based on End-use, the Neoprene Coffee Sleeves Market has been segmented as

  • Café and Restaurants
  • Household
  • Institutes & Offices
  • Others

Based on Region, the Neoprene Coffee Sleeves Market has been segmented as

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA
  • Oceania
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Ismail Sutaria
Principal Consultant
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Neoprene Coffee Sleeves Market