Cup Sleeves Market Expanding at a CAGR of 4.2% during 2024-2030

The changing customer preference from normal to innovative cup sleeves also results in rising customized cup sleeves. This attracts more customers and hence uplifts the growth of the Global Cup Sleeves Market.  

According to MarkNtel Advisors study, 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 growing economy gives hype in changing lifestyles, such as busier schedules, and reliance on online delivery & takeaway orders, especially for on-the-go beverages. Here, cup sleeves play an important role in this changing trend. Owing to its insulating capacity, cup sleeves are mostly used in takeaway orders. Also, cup sleeves allow customers to conveniently travel with beverages. This led to flourishing the requirement for cup sleeves and hence driving the growth & expansion of the Cup Sleeves Industry.

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Key Findings in Cup Sleeves Market:

Cup Sleeves Market Key Players:

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, Ganesha PrintoPack Industries, Pactiv LLC, Starbucks Corporation, New WinCup Holdings, Inc, WestRock Company, Anchor Packaging, and others

Market Segmentation Overview:

By Product Type

-Shrink Sleeve

-Protective Sleeve

By Material

-Paper & Paperboard

-Plastic

-Rubber

-Others

The paper & paperboard segment holds the largest market share and is expected to hold the highest demand in forthcoming years. The reason behind this is the increasing concern towards the betterment of the environment. This inclination toward an eco-friendly environment results in prioritizing paper cup sleeves over plastic and other material cup sleeves and hence increases the demand for paper cup sleeves. Moreover, various government initiatives and regulations for reducing carbon emissions, also give a push to leading market players to manufacture paperboard cup sleeves. These cups can easily be recyclable and facilitate reduced carbon footprints thus, augmenting the revenue growth of this segment

By Distribution Channel

-Offline

–Direct Sales

–Distributors and Wholesalers

-Online Retail

By End User

-Food & Beverage Industry

-Cafes & Kiosks

-Hotels & Restaurants

-Quick-Service Restaurants

-Canteens

-Others

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By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

The Cup Sleeves Industry Recent Development:

In 2024: Novolex announced a strategic investment in Rhode Island-based reusable system and container brand OZZI.  This provides a circular solution for the food industry and accelerates the growth of the environment.

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