Future Market Insights
The global vending cups market is expected to gain impetus from the growing popularity of these cups as modern holing solutions. Paper cups and foam cups are two of the most popular ones that are expected to drive the expansion of global vending cups market during the forecast period.
Foam cups come with more benefits than paper cups, which makes them a more popular choice than paper cups. The differences between foam and paper cups are as follows:
In the global vending cups market, paper cups occupy a prominent position. Paper cups are usually coated with polyethylene to make it resistant to liquid. This coating also enables sealing together of seams. Paper cups come in two different types, namely hot cups and cold cups. Cold cups come with wax-like coatings on both sides and hot cups come with coating only on one side.
On the other hand, foam cups are economic, easily available, and can be disposed of easily. They are suitable for serving both cold and hot beverages.
Global Vending Cups – Market Overview:
Vending cups manufacturer produce superior quality vending cups to avoid jamming in a complex fully automatic vending machine. Vending cup is considered as a modern holding solution due to better gripping. Vending cups are expected to grow along with the growth of fast food and on-the-go beverages. Lightweight and other physical attributes of the vending cups makes them the foremost choice of the food and beverage industry for packaging. Vending cups are used for holding both kinds of food and beverages such as hot and cold. Various types of vending cups available in the market such as paper cup, foam cup, and the plastic cup are commonly used. Paper vending cups are coated with plastic or wax to prevent leaking of liquid through the paper. Mostly paper vending cups are coated with polyethylene rather than polypropylene because it is more compatible with paper. Plastic vending cups are preferred more to reduce the chances of food contamination. Driven by the influence of the coffee house culture, vending cups are specially designed to support the vending of premium hot drinks.
Global Vending Cups - Market Dynamics:
One of the significant factors contributing towards the growth of the vending cup market is the extensive growth in the coffee houses. Coffee houses and café market are growing due to the change in the lifestyle of people. In addition to the reasons behind the growth of vending cups market is the increasing environmental sustainability as vending cups can be recycled. Another prominent aspect towards the growth of the paper vending cups market is the growing concern towards health issues that are related to another form of packaging material such as plastic; wherein the plastic is used as a raw material for making cups. Furthermore, the increasing disposable income among the middle-class group is expected to drive the growth of the vending cups market. However, the restraining factor towards the growth of the vending cups market is the alternative solutions available at low cost because a significant amount of money is invested on the attractive printing of vending cups. Paper vending cups composting and recycling is unusual because of the difficulty in the separation of polyethylene and paper.
Global Vending Cups - Market Segmentation:
Global vending cups market can be segmented by material type, by size, and by end use. On the basis of material type, vending cups market is segmented into paper, foam, and plastic. Plastic vending cups are further categorized into Polyethylene (PE), Polyamide (PA) and Polypropylene (PP) and others. On the basis of size vending cups market is segmented into 8 – 12oz, 12 – 15oz, 15 – 20oz and more than 20oz. On the basis of end use, vending cups market can be segmented into cold cup beverages such as sodas and juice, and hot cup beverages such as coffee, tea, hot chocolate, and water.
Global Vending Cups Market - Regional Outlook:
Geographically, the global vending cups market is segmented into North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). Moreover, North America is expected to be the largest vending cups market, due to the rising consumption of coffee house products.
Global Vending Cups Market - Major Players:
Few of the major players identified across the globe in the vending cups market are Huhtamaki Oyj, RPC Tedeco-Gizeh S.A.S, Regalzone LLP, SwissPrimePack AG, Dispo International, 4 Aces Ltd, The Paper Cup Company, Wuhan Measy Industry and Trade Co., Ltd, Hangzhou Renmin New Packaging Material Co., Ltd, Hosti International Gmbh, Benders Paper Cups, Golden Paper Cup Manufacturing Co. LLC., etc.
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