Cup Sleeves Market Size was valued at USD 27.2 Billion in 2022. The cup sleeves industry is projected to grow from USD 28.36 Billion in 2023 to USD 39.730 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2024 - 2032). Paper cups, which are single-use alternatives to classic glass and ceramic cups, are one of the main market driver propelling the expansion of the cup sleeves industry. The main reason for this transition is the rising level of living, which has increased demand for convenience and beverage consumption while on the go.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The rise and quick development of online meal delivery services has completely transformed the way individuals enjoy their favorite foods and beverages. Because buying food online and having it delivered right to your door is so convenient, more and more customers are choosing takeout and delivery choices, particularly for hot and cold beverages like coffee and tea. There has been a notable increase in the need for dependable and effective packaging options, such as cup sleeves. Cup sleeves are essential for keeping hot and cold liquids at the ideal temperature while in transit. They serve as insulating barriers, keeping the drinks from cooling down too quickly and shielding customers' hands from heat. This particular feature is crucial for online orders because clients might not drink their beverages immediately when they receive them. For meal delivery services, drinks must be safely contained during transit. Cup sleeves offer extra security to stop leaks and spills, lowering the possibility of mishaps while in transportation. This functionality is especially important when drinks are given in a box with other food products.
The spread of coffee culture is mostly driving the growing market demand for cup sleeves. Coffee is now more than just a beverage; it's a cultural phenomenon with a significant social and experiential component. Consumers are searching for a wider range of specialty coffees, including gourmet brews, single-origin beans, and artisanal blends, in search of superior coffee experiences. They are also moving beyond simple, instant coffee. Globally, the number of coffee shops, cafés, and specialty coffee merchants is increasing due to a shift in consumer tastes. The increasing amount of coffee consumed worldwide is a blatant sign of the development of coffee culture. Numerous reports state that the amount of coffee consumed rises annually, with several regions seeing a spike in this consumption. Particularly in emerging economies, coffee consumption patterns are changing quickly. In many cultures, drinking coffee has become a social ritual facilitating deep exchanges and discussions. As coffee shops and cafes have become more popular as social hubs, they have given people a place to meet, work, and unwind, strengthening the sense of community and friendship among coffee lovers.
The market for cup sleeves is driven primarily by the worldwide movement toward sustainability and the growing consciousness of environmental issues. There is an increasing trend among customers to favor eco-friendly alternatives as they become more aware of the negative effects of single-use plastics. Paper-based cup sleeves that are recyclable and biodegradable have become more popular as environmentally friendly packaging options. Using materials certified by the Forest Stewardship Council (FSC) and implementing eco-friendly production methods are becoming increasingly important to manufacturers and brands when producing cup sleeves. The market for cup sleeves is expanding as a more environmentally friendly substitute for conventional beverage containers due to consumer demand for sustainable packaging solutions and legislative limitations on plastics. Thus, driving the cup sleeves market revenue.
The cup sleeves market segmentation, based on material, includes Paper & Paperboard, Plastic, and Rubber. The paper & paperboard segment dominated the market. It is anticipated that growing awareness of hygiene, particularly in the post-Covid era, will drive greater demand for paper and takeout cups. There is a growing market for paper and paperboard cup sleeves because consumers are choosing sanitary and hygienic drinks.
The cup sleeves market segmentation, based on product type, includes Shrink Sleeve and Protective Sleeve. The protective sleeve category generated the most income. In order to protect fresh fruit trays from physical damage, dust, and other pollutants during handling, shipping, and storage, protective sleeves give an extra layer of defense. Food waste and product deterioration are decreased since the sleeves assist in preserving the fruits' and vegetables' quality and freshness. Furthermore, as a barrier that keeps produce in a regulated environment longer, protective sleeves let retailers display and sell their products for longer periods of time.
Figure 1: Cup Sleeves Market, by Product Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The cup sleeves market segmentation, based on end user, includes the Food & Beverage Industry, Cafes & Kiosks, Hotels & Restaurants, Quick-Service Restaurants, and Canteens. The food & beverage industry category generated the most income. Since they provide additional temperature protection for hot food and beverages, cup sleeves are highly sought after in the food and beverage industry. Single-wall cups with cup sleeves are a robust and insulated option for presenting odd liquids, and retailers commonly use them to deliver hot and cold takeaway beverages.
By region, the study provides the market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American cup sleeves market area will dominate this market. The primary cause of this increase is the region's rising coffee consumption. There are more coffee shops, cafés, and quick-service restaurants since coffee has become a necessity for many people daily.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, and South Korea
Figure 2: Cup Sleeves Market Share By Region 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe cup sleeves market accounts for the second-largest market share. The primary drivers of this regional dominance are the travel and hotel industries. The number of tourists visiting European nations has led to a noticeable rise in the demand for coffee and other beverages to be taken out. Further, the German cup sleeves market held the largest market share, and the UK cup sleeves market was the fastest growing market in the European region.
The Asia-Pacific Cup Sleeves Market is expected to grow at the fastest CAGR from 2024 to 2032 due to a growing public awareness of the need to preserve the environment and the harmful effects of single-use plastics. Stricter rules about the usage of disposable plastic products, such as cups, are being enforced by governments and regulatory authorities. Moreover, China’s cup sleeves market held the largest market share, and the Indian cup sleeves market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the cup sleeves market grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the cup sleeves industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the cup sleeves industry to benefit clients and increase the market sector. In recent years, the cup sleeves industry has offered some of the most significant advantages to medicine. Major players in the cup sleeves market are attempting to increase market demand by investing in research and development operations, including BriteVision Media, LLC, Printed Cup Company, LBP Manufacturing LLC, Graphic Packaging International, LLC, Sabert Corporation, Novolex, Trident Paper Box Industries, HotShot Coffee Sleeves USA, Pactiv LLC, and Starbucks Corporation.
Starbucks Corp., also known as Starbucks, is a beverage retailer. It is among the top coffee chains globally. Purchasing and roasting premium coffees to sell alongside handcrafted coffee, tea, and other beverages is the company's primary activity. Along with a variety of culinary items, it also sells chocolates, candies, bagels, croissants, sandwiches, and cookies. Through its Coffee Alliances, Starbucks also licenses its trademarks to grocery shops, culinary services, and other establishments.
Sabert Corporation offers services related to packaging. The company sells goods and solutions for food packaging. Sabert conducts business in the US. The company sells drinkware, platters, bowls, trays, containers, and silverware. Food distributors, eateries, caterers, supermarkets, bakeries, national food chains, and clubs are among Sabert's clients. Sabert further offers packaging options.
Printed Cup Company
LBP Manufacturing LLC
Graphic Packaging International, LLC
Sabert Corporation
Novolex
Trident Paper Box Industries
HotShot Coffee Sleeves USA
Pactiv LLC
Starbucks Corporation
September 2023: The introduction of its new insulated cup sleeve was announced by Mondi Group, a well-known worldwide producer of paper and packaging. With the redesigned sleeve, hot drinks will stay hotter for longer, and cold drinks will stay colder for longer.
December 2022: BioPak, a pioneer in the creation of environmentally friendly packaging, and Five V Capital, a well-known Australian and New Zealand venture capital and private equity firm, have announced a strategic alliance. The collaboration between Five V Capital and BioPak, which together manage assets valued at over AUD 1.5 billion, is expected to support BioPak's expansion plans and forward its objective of accelerating the transition to a sustainable future and circular economy.
Paper & Paperboard
Plastic
Rubber
Shrink Sleeve
Protective Sleeve
Food & Beverage Industry
Cafes & Kiosks
Hotels & Restaurants
Quick-Service Restaurants
Canteens
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 27.2 Billion |
| Market Size 2023 | USD 28.36 Billion |
| Market Size 2032 | USD 39.730 Billion |
| Compound Annual Growth Rate (CAGR) | 4.30% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019-2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Material, Product Type, End User, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea |
| Key Companies Profiled | BriteVision Media, LLC, Printed Cup Company, LBP Manufacturing LLC, Graphic Packaging International, LLC, Sabert Corporation, Novolex, Trident Paper Box Industries, HotShot Coffee Sleeves USA, Pactiv LLC, and Starbucks Corporation |
| Key Market Opportunities | Rapid Rise in Coffee Culture |
| Key Market Dynamics | Growing Consumer Demand for Drinks to Go Growing Focus on Eco-Friendly Packaging |
Frequently Asked Questions (FAQ) :
The cup sleeves market size was valued at USD 28.36 Billion in 2023.
The market is projected to grow at a CAGR of 4.30% during the forecast period, 2024-2032.
North America had the largest share in the market.
The key players in the market are BriteVision Media, LLC, Printed Cup Company, LBP Manufacturing LLC, Graphic Packaging International, LLC, Sabert Corporation, Novolex, Trident Paper Box Industries, HotShot Coffee Sleeves USA, Pactiv LLC, and Starbucks Corporation, among others.
The paper & paperboard category dominated the market in 2023.
The protective sleeve category had the largest share in the market.
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