Vending Cups Market COVID 19 Impacted In-Depth Analysis including key players Huhtamäki Oyj, Coveris Group, SwissPrimePack AG

Vending Cups: Overview

Persistent growth in the global beverage industry has intensified the demand for the installation of beverage vending machines over the last two decades. Vending cups form an integral part of beverage vending machines, to carry beverages in a specified quantity, and are thus considered a new holding solution for enhanced gripping. Key players in the food service disposables market are out to manufacture quality solutions, such as vending cups, in order to avoid jamming a beverage vending machine. Physical attributes such as light-weight and easy-to-carry vending cups make them the prime select in the beverage industry. The market for vending cups is expected to witness blistering growth, owing to the intensifying demand of on-the-go beverages. Brand owners are largely inclined to vending cups made from plastic in order to reduce the risks of contamination.

Vending Cups Market: Dynamics

The increased consumption of premium hot beverages at retail stores, institutional services, workplaces, coffee house, etc., is expected to drive the vending cups market over the forecast period. The increasing installation of beverage vending machines at cafés and coffee houses is projected to fuel the vending cups market over the forecast period. The market for vending cups is largely established in North America, as the per capita beverage consumption in USA largely exceeds in comparison to other regions.

However, the installation of vending machines involves high initial investment, which is further expected to hamper the vending cups market over the forecast period.

Vending Cups Market: Regional Outlook

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Among the geographies, North America, in terms of market share, is projected to be a major contributor to the vending cups market, owing to the maximum installed base of beverage vending machines across the United States of America. North America has the highest density of beverage vending machines, with their installation in almost every food service outlet, cafeteria, corporate office, etc., thus leading to the demand for vending cups throughout the region. The market for vending cups in Europe is expected to follow the North American pattern of beverage consumption, and hence, is projected to witness an in-line growth over the forecast period.

However, Asia pacific is expected to register healthy double digit growth in terms of installation of beverage vending machines. China is projected to be a prime market for vending cups, followed by India in the Asia Pacific region. The increasing introduction of new hot beverage vending machines for dispensing tea and coffee is promoting the growth of the vending cups market across the Asia Pacific region. Moreover, with an increase in beverage consumption in the Middle Eastern & African countries, such as Saudi Arabia, the UAE, South Africa, Nigeria, Egypt, etc., the market for vending cups is expected to be a very lucrative market over the forecast period.

Overall, the global vending cups market is expected to register a healthy CAGR over the forecast period.

Global Vending Cups Market: Segmentation

Globally, the vending cups market can be segmented on the basis of material type, cup size, and application.

On the basis of material type, the global vending cups market has been segmented as, Paper-based Prism Paper Molded Pulp Fiber Plastic Polypropylene (PP) Polyethylene (PE) Polystyrene (PS) Polyamide (PA) Others Others

On the basis of cup size, the global vending cups market has been segmented as, 8 – 12oz Vending Cups 12 – 15oz Vending Cups 15 – 20oz Vending Cups Vending Cups Sizing More Than 20 oz

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On the basis of application, the global vending cups market has been segmented as, Vending Cups for Hot Beverages Tea Coffee Hot Chocolate Others Vending Cups for Cold Beverages Carbonated Beverages Alcoholic Beverages Juices Others Vending Cups for Water

Global Vending Cups Market: Market Participants

Some of the key players operating in the global vending cups market include, Huhtamäki Oyj Coveris Group SwissPrimePack AG RPC Tedeco-Gizeh S.A.S Regalzone LLP The Paper Cup Company Dispo International HOSTI International GmbH Hangzhou Renmin New Packaging Material Co., Ltd Golden Paper Cup Manufacturing Co. LLC. Hangzhou Renmin Eco-Tech Co., Ltd. Benders Paper Cups

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on Market Dynamics Market Size Market Segments Demand & Supply Trends Current Issues and Challenges Companies and Competitor Landscape Value Chain Technology

Regional Segments Analyzed Include 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) Japan Middle East and Africa (GCC, S. Africa, N. Africa)

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report Elaborated scenario of the parent market Transformations in the market dynamics Detailed segmentation of the target market Historical, current and forecast market size based on value and volume Latest industry developments and trends Competition landscape Strategies adopted by the market players and product developments made Potential and niche segments, along with their regional analysis Unbiased analysis on performance of the market Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

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 Fact.MR

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