Future Market Insights
The demand within the global cupcake containers market has been rising on account of advancements in the bakery sector. The use of containers for storing cupcakes is a trend that has gathered momentum over the past few years. Cupcakes have become extremely popular amongst the masses due to their sapid taste. Hence, the global market for cupcake containers is projected to expand at a boisterous pace in the years to follow. There have been several advancements in the confectionery sector which has also played a notable role in the growth of the global cupcake containers market. The presence of key manufacturers of cupcake containers has also aided market growth. The revenue index of the global cupcake containers market is projected to touch unprecedented heights in the years to follow.
Cupcake containers are available in multiple sizes, depending upon the type and form of the cake. Hence, the global cupcake containers market for cupcake containers has undergone diversification over the past decade. Furthermore, the market for cupcake containers has also expanded due to the popularity of cupcake containers amongst youngsters. Celebration of important events such as birthdays and festivities is done by distributing cupcakes. This trend has garnered attention across the world which has in turn given a push to the market’s growth.
On the basis of geography, the global cupcake containers market is segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The market for cupcake containers in Europe and North America is expanding due to the popularity of cupcakes during Christmas celebrations.
Cupcakes are a niche market in the baking & culinary business and its demand is still on the rise with changing food and eating habits across the globe. The consumers across the globe are looking for more handy products such as cupcakes leading to increasing demand for the cupcake containers. The manufactures are also intended to design the cupcake containers that besides meeting the product safety measures is also aesthetically pleasing resulting in more consumer attraction towards the product. The increasing trend of serving cake in small volume owing to the demand of the consumer is anticipated to drive the market for the global cupcake containers market throughout the forecast period. The various materials used for manufacturing cupcakes containers include kraft paper, PP, PE, PET, PLA, etc. The use of this materials helps the manufacturer in designing the cupcake container that best suits both the product as well as the consumer demand. PLA is a biodegradable form of plastic and therefore using PLA for manufacturing cupcake containers also helps in reducing environmental stress and health impacts in long run.
Cupcake Containers market – Dynamics
There have been an increase in quick service restaurants over the past few decades due to consumers changing life style and food habits leading to a parallel rise in the demand for more hygienic packaging and serving materials and this trend is expected to continue over the forecast period, thereby creating more opportunities for cupcake containers market between 2017 & 2025. Cupcake containers are made from paper and plastic which gives it an extra advantage of being molded and designed to make the product attractive and visually appealing. The cupcake containers are intended to reduce the consumer efforts required to store the bulk cake otherwise purchased. The cupcake container also helps the manufacturer in reducing the material usage by producing lighter and smaller containers in the overall production. Attributed by these features, the cupcake containers market is anticipated to grow in terms of demand throughout the forecast period. However, the cupcake container market is very fragmented in nature. Large number of local players and their offering of the products at comparatively lower prices tends to hamper the growth of multinational players in this market.
Cupcake Containers market – Segmentation
The cupcake containers market is segmented as follows:
On the basis of material type, Cupcake containers market is segmented into:
Based on the size, Cupcake containers market is segmented into:
Less than 2oz
2oz to 4oz
4oz to 6oz
6oz and more
Cupcake Containers market – Region Wise Outlook
The global cupcake containers marketis segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Over past few decades, North America has been an established market. However, the changing consumer food habits is anticipated to drive the market of cupcake containers market in North America. Asia Pacific with two emerging economies, China and India is expected to dominate the cupcake containers market over the forecast period. Asia Pacific have witnessed an increase in bakery industry over the past few years and the trend is expected to continue over the forecast period. The major consumption of cupcake containers is anticipated to account from bakery industry, therefore, Asia pacific is expected to witness substantial growth in cupcake containers market between 2017 and 2025. However, revenue from the markets in Latin America and Middle Eastern countries is sluggish currently due to stagnant economy which is also expected to translate into lower demand for cupcake containers market in these regions.
Cupcake Container market – Key Players
The key players in cupcake containers market include Plastic Package, Inc., Inno-Pak, LLC, TEMMA SHIKI CO., LTD, LINDAR Corporation, GenPak, LLC, Detroit Forming Inc, Dart Container Corporation, Pactiv LLC.
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