Double Wall Hot Cups Market
Double-wall hot cups are one of the preferable packaging solutions in the food & beverages sector. These cups keep the temperature of hot beverages such as coffee and tea for a longer time and are made with two paper walls insulated with an air pocket between the two walls. The insulated air pocket helps terminating heat emission from beverages present inside and maintains a stable temperature for a longer duration. The double-wall hot cups are portable, eco-friendly, and cost-efficient. The fast-food industry is one of the significant end-users influencing the growth of the double-wall hot cups market. Double-wall hot cups are manufactured in different sizes and customized into various shapes and colours according to the end-user preferences. These cups are easy to hold and carry without cup sleeves due to the double-layer protection. Paper, metal, and plastic with stainless steel are used in manufacturing double wall hot cups to provide adequate insulation to the cups. The materials used in the manufacturing of these cups are environmentally friendly and biodegradable.
Double Wall Hot Cups Market size was estimated at $XX billion in 2020 and is expected to reach $XX billion by 2031, growing at a CAGR of XX% during the forecast period of 2022 to 2031.
Double Wall Hot Cups Market Growth and Trend
The growing demand for the adoption of double wall hot cups in the food & beverages sector is significantly driving the growth of the global double wall hot cups market. The advantages pertaining to the usage of these cups have compelled fast-food industries to prefer double wall hot cups in their takeaway and delivery services. These cups are integrated with double-layer protection to eliminate the need for cup sleeves. It results in reducing the cost needed for manufacturing the cup sleeves. The double-wall layer provides protection from heat emission of hot beverages inside it while holding and carrying the cups. The several benefits attached to the adoption of these cups such as insulation, portability, cost-efficiency, and customizability have become primary factors in rising the demand for double wall hot cups in the global market. Hence, the double-wall hot cups market is growing at a rapid pace.
Double Wall Hot Cups Market Segmentation
The Double Wall Hot Cups market is segmented by material, capacity, and finishing. Based on material, the market consists of paper, metal, and other materials, such as plastic insulated with stainless steel. By capacity, the market is divided into 200 to 300 ml, 350 to 450 ml, and above 450 ml. Based on finishing, the market is segmented into matte and high gloss finish.
Double Wall Hot Cups Market Country Analysis
North America is likely to dominate the overall market growth during the forecast time frame. The regional growth can be attributed to the huge presence of fast-food chains which use the double wall hot cups for their delivery and takeaway services. Moreover, the changing consumer behaviours in adopting these cups in the food & beverages sectors of developing countries such as India, China, and Japan in the Asia Pacific region are predicted to witness the growth of the double-wall hot cups market at a higher CAGR. The double-wall hot cups market in the Middle East and Africa regions is also growing at a constant pace.
Double Wall Hot Cups Market Share and Competition
The major players operating in the global double wall hot cups market are Huhtamaki Oyj, Perapack, Printed Cup Company, Graphic Packaging International LLC, Detpak, IMEX VISION, Dart Canada Inc., BIOPAK, Scyphus Paper Cups, and YesPac Inc.
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Industry Segmentation and Revenue Breakdown
Material Type Analysis (Revenue, USD Million, 2022 - 2031)
• Others (Plastic insulated with stainless steel)
Capacity Analysis (Revenue, USD Million, 2022 - 2031)
• 200 to 300 ml
• 350 to 450 ml
• Above 450 ml
Finishing Analysis (Revenue, USD Million, 2022 - 2031)
• High gloss finish
Region Analysis (Revenue, USD Million, 2022 – 2031)
• North America
o the United States
• South America
o the United Kingdom
• the Asia Pacific
o the Philippines
o South Korea
• Middle East
o GCC Countries
• South Africa
• Rest of World
Double Wall Hot Cups Market Companies
• Huhtamaki Oyj.
• Printed Cup Company
• Graphic Packaging International LLC
• IMEX VISION
• Dart Canada Inc.
• Scyphus Paper Cups
• YesPac, Inc.
• United States Double Wall Hot Cups Industry Research Report
• Europe Double Wall Hot Cups Industry Research Report
• Asia Pacific Double Wall Hot Cups Industry Research Report
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