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Cup Sleeves Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Cup Sleeves Market: By Material Type (Kraft (Paper/Paperboard), Foam, Plastics); Capacity (200-235 ml, 380-420 ml, 480-540 ml, 530-570 ml, 620-680 ml); By Channel (Online, Offline (Retail, Direct)); End User (Food Retail Service (Cafes & Restaurants, QSRs, Others (Canteens/Vending)), Food Delivery, Others (Hotels and Pubs/Bars)); Region— Market Size, Industry Dynamics, Opportunity Analysis and Forecast for 2023–2031

  • Published Date: May-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0523439  | Delivery: 2 to 4 Hours
Cup Sleeves Market

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Report AttributeDetails
Market Size Value in 2022US$ 26,807.6 Million
Expected Revenue in 2031US$ 40,263.2 Million
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
Segments coveredBy Material Type, By Capacity, By Distribution Channel, By End User, By Region
Key Companies                                                                                 BioPak, BriteVision, Ganesha PrintoPack Idustries, ACCUM, Envirochoice, Apprintable, CupSleeves.Co.UK, LBP Manufacturing, Uchampak, JahooPack, Motto Cup, Trident Paper Box Industries, Ecopack, Other Prominent Players
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The Cup Sleeves Market was valued at $ 26,807.6 million in 2022.

The Cup Sleeves market has been expected to reach a valuation of $ 40,263.2 million and CAGR of 4.8% during the forecast year.

Presence of substitutes/alternatives like double walled cups is expected to hamper the market growth in the present as well as in the future.

Increasing demand for takeaway coffee and rapid adoption of environmental packaging are the driving factors for the Cup Sleeves Market. 

The growing popularity of branding and customization of cup sleeves. 

Each time paper cups are produced; million trees are felled. The removal of millions of trees causes irreparable harm to ecosystem, and environmental pollution gets worse. Starbucks and other brands started serving coffee in cup sleeves rather than double cups. Starbucks introduced this in the United States and Canada in 2012, and the cup sleeves have stopped the loss of 21 million pounds of fiber, or more than 188,000 trees. The sleeves are also compostable in commercial settings and can be recycled with cardboard. 

COVID-19 has had a negative impact on cup sleeves market. All restaurants and specialty coffee shops/outlets were closed during the pandemic. As more people stayed at home, the amount of hot and cold beverages purchased from stores outside the home significantly decreased. Out-of-home hot and cold beverage consumption dropped significantly.

The Cup Sleeves Market is segmented by Material Type, Capacity, Channel and End User.

In 2022, Europe dominated the cut sleeves market followed by North America due to travelling and staying in hotels. North America is expected to grow with CAGR of 5.9% in upcoming years due to rising coffee consumption and the presence of significant market players in the area. 

Key players in the Cup Sleeves market include BioPak, BriteVision, Ganesha PrintoPack Industries, ACCUM, Envirochoice, Apprintable, CupSleeves.Co.UK, LBP Manufacturing, Uchampak, JahooPack, Motto Cup, Trident Paper Box Industries, Ecopack and Other Prominent Players.