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The Global Cup Sleeves Market size was valued at around USD 30.3 billion in 2023 & is estimated to grow at a CAGR of around 4.2% during the forecast period 2024-30.<br>
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Global Cup Sleeves Market Research Report: Forecast (2024-2030) • GET UPDATED SAMPLE REPORT • MARKNTEL ADVISORS
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Market Insights The Global Cup Sleeves Market size was valued at around USD 30.3 billion in 2023 & is estimated to grow at a CAGR of around 4.2% during the forecast period, i.e., 2024-30. The growth of the market is propelled mainly by rapid urbanization and industrialization, favoring setting up new businesses, restaurants, cafes, hotels, residential areas, etc. All these factors increase the number of working individuals with hectic schedules that depend upon more takeaway and home delivery orders. This increasing demand for beverages requires insulated cup sleeves for better delivery as well as for traveling purposes. As a result, it accelerates the demand for cup sleeves and, ultimately augments the size & volume of the cup sleeves industry across the globe.
Market Trends Customization of Cup Sleeves Gaining Traction – Nowadays, consumers are shifting towards customized cup sleeves not only for insulation but also for a presentable look. As the trending environment, where customers are becoming more inclined towards customized products for their preferences, this led to the expanding demand for customized fancy cup sleeves and Artistic cup sleeves. It helps in enhancing customer experience. Using customized and creative cup sleeves facilitates building connections between customers and brands, and provides a positive impact on customer's experiences. This growing trend augmenting the demand for cup sleeves in the global market.
Market Segments By Product Type (Shrink Sleeve, Protective Sleeve), By Material (Paper & Paperboard, Plastic, Rubber, Others), By Distribution Channel (Offline, [DirectSales, Distributors and Wholesalers], Online Retail), By End User (Food & Beverage Industry, Cafes & Kiosks, Hotels & Restaurants, Quick-Service Restaurants, Canteens, Others), and Others
Top Companies BriteVision Media, LLC, Printed Cup Company, Graphic Packaging International, LLC, Trident Paper Box Industries, LBP Manufacturing, LLC, Sabert Corporation, Novolex, HotShot Coffee Sleeves USA, BioPak, GaneshaPrintoPack Industries, Pactiv LLC, Starbucks Corporation, New WinCup Holdings, Inc, WestRock Company, Anchor Packaging, and others
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