According to Future Market Insights research, during the projected period, the heat sensitive cups market is set to enjoy a valuation of US$ 87.0 Million in 2023, and further expand at a CAGR of 5.0% to reach US$ 141.9 Million by the year 2033. The heat-sensitive cups are anticipated to bolster the top 5 providers holding 10 to 20% of the global market in 2023.
Based on the material, the ceramic segment is projected to remain the leading segment among the other material used for manufacturing heat-sensitive cups. The reason for the preference given to ceramic is its properties of heat resistance is helping the heat-sensitive cups to offer more sensible service towards heat protective measures. The segment is projected to hold around 75.3% of the market share by the end of 2033.
| Attributes | Details |
|---|---|
| Market Size 2023 | US$ 87.0 Million |
| Market Size 2033 | US$ 141.9 Million |
| Value CAGR (2023 to 2033) | 5.0% |
| Collective Value Share: Top 3 Countries (2022E) | 20 to 25% |
According to the FMI analysis, the heat-sensitive cups market revenue totaled US$ 83.3 Million in 2022. With the propelling demand from the various end-users, the global heat-sensitive cups market is projected to reach US$ 141.9 Million by 2033, accelerating at a CAGR of 5.0% during the forecast period.
The heat-sensitive cups market is estimated to experience a positive growth outlook during the forecast period. A new forecast by FMI anticipates that the heat-sensitive cup sales will rise from 2023 to 2033 and is projected to create an absolute incremental growth opportunity of US$ 58.6 Million.
The increased craze for chameleon mugs among customers has boosted the demand for heat-sensitive cups. The heat-sensitive cups market is anticipated to expand 1.6 times the current market value during the forecast period.
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The global heat-sensitive cups market witnessed a CAGR of 3.0% during the historic period with a market value of US$ 83.3 Million in 2022 from US$ 70.2 Million in 2017.
Heat sensitive cups market is quite dependent on the gift segment. Heat-sensitive cups have the feature of changing their color as soon as they are connected with hot beverages. Temperature-based color-changing technology is attracting a huge customer base. Heat-sensitive cups are innovative and creative and hence are used as gift products. The usage of these heat-sensitive cups in the gift segment is widening its sales figures and helping the overall heat-sensitive market to dominate the beverages cup market with its unique features.
Ceramics has essential features that are needed to manufacture heat-sensitive cups and thus the mentioned material is receiving preference over other materials. The Incremental demand trends by the customer for heart-sensitive cups in household usage are driving sales for the heat-sensitive cups market. Due to the creative and innovative features offered by the heat-sensitive cups, customers are completely attentive to heat-sensitive cup purchases. Overall, the global heat-sensitive cups market is anticipated to bolster at a faster pace during the forecast period.
Heat-sensitive cups are in demand due to their attractive outer look and innovative solution that is used in the cups. Chameleon cups are an existing example of innovative heat-sensitive cups. These cups change their color as soon they get in contact with hot liquid. These innovative add-ons to the heat-sensitive cups are helping heat-sensitive cup manufacturers to expand their market operations and enable the market to widen the product portfolio.
Color-changing feature of the cups are fascinating to customers towards the cups and is contributing to the heat-sensitive cups market to its fullest potential. The overall heat-sensitive cups market surges lucrative growth amid substantial demand for chameleon cups are being noticed in the market. The chameleon cups are helping the heat-sensitive cups market to accumulate demand and boost the market.
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The pandemic affected the world market and disrupted the trading transactions of the global market. Heat sensitive cups market as a sub-segment of the liquid consumables market also faced negative trends in the market. The food industry along with the pharmaceutical industry has given permissions for the operations of their respective domains. The negative slope in literally every industry created a huge gap against the sales projections. The negative graph was being noticed across the globe.
Later, the post-pandemic period brought the global market back on track. The preference given to homemade food consumption amid covid-threats has brought the lucrative opportunity drift for the heat-sensitive cups market. The incremental usage of heat-sensitive cups enabled the market to expand its limits.
The ceramic segment holds the major portion of the global heat-sensitive cups market. The targeted segment is projected to hold around 75.3% of the market share by the end of 2033. Ceramic-made cups are suitable for heat-sensible reactions. Ceramic material is the preferred material for heat-sensitive cups amid its suitable features which help the cup to react according to the temperature of liquid consumables. Ceramics as a material is quite environment-friendly in nature as compared to other alternative materials, and thus cup manufacturers having higher concerns towards the environment are preferring ceramic as a default material for cup manufacturing.
The HORECA segment is estimated to register a CAGR of nearly 5.9% during 2023-2033. Nowadays, cafes and restaurants are interested in customer-centric offerings. Be it, food or food packaging and serving solutions, cafes and restaurants try to perform a customer-oriented vision. Different cafes and hotels are more focused on food presentation and thus they choose attractive cups to draw the attention of customers toward their food products. Different cafes are started demanding hot-sensitive cups for their beverages considering the innovative and attractive features of sensitive cups. The incremental graph for demand has been noticed in the heat-sensitive cups market amid the rising usage of heat-sensitive cups in hotels. And thus the heat-sensitive cups market is receiving huge demand.
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The China heat-sensitive cups market is projected to grow 2.4 times the current market value during the forecast period. China has an excessive labor force due to the country can produce a substantial amount of food products. China is also dominating tea production along with the beverages industry. The gigantic production of the most preferred beverage in the world makes china’s roadmap easier to receive great demand for the same.
According to the Food and Agriculture Organization of the United Nations, the overall tea production was 3.1 Mn Tones in 2021. China remains the largest tea producer accounting for 47 percent of global output. Substantially higher figures for tea production suggest the dominance of the country over tea production which offers a platform to the heat-sensitive cups market to expand its business operations.
Different countries have demand for Indian ceramic as per various domains. The mug manufacturing sector is one of the leading end-user of the Indian ceramics market. Bulk production and easy availability of labor make India a dominant country in the ceramic market.
According to All India Radio (AIR), Indian ceramic and glassware products exports hits US$ 3.4 Bn from 2021 to 2022. The substantial number of exports depicts the gigantic ceramic industry in India. The Indian ceramic market is providing its preferred material to heat-sensitive cups which is ceramic. The comfortable growth opportunities are noticed by the heat sensible cups market amid the easy material availability. The Indian market that’s how setting a platform for the heat-sensitive cups market to expand its limits. India is expected to drive the demand for heat-sensitive cups is expected to grow the market at the rate of 6.6%.
The key players are considering innovative technologies for manufacturing heat-sensitive cups. These big companies are completely focused on capturing a larger share of the global heat-sensitive cups market. Different acquisitions and mergers are being done by the major players to constantly seize their spot in the heat-sensitive cups market. Some of the key changes that have taken place are as under-
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.0% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2017 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material, Capacity, End User, Region |
| Regions Covered | North America; Latin America; East Asia; South Asia & Pacific; Western Europe; Eastern Europe; Central Asia; Russia & Belarus; Balkan Countries; Baltic Countries; Middle East and Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, UK, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Shenzhen Yong Rui Bianse Arts & Crafts; Wondermugs; Kema Mugs Co., Ltd.; Hunan Huatai Ceramics Industry Ltd; SHANDONG BEST CERAMIC MUG CO., LTD.; Mug Experience; Vimlesh Enterprises; The Mugs Ltd.; Val Creations; Huhtamäki Oyj |
| Customization & Pricing | Available upon Request |
In 2022, the value of the global heat sensitive cups market was US$ 83.3 Million.
During the forecast period, the global heat sensitive cups market is anticipated to expand at a CAGR of 5.0%.
The global heat-sensitive cups market is expected to reach US$ 141.9 million by the end of 2033.
During the forecast period, ceramic material is likely to be the fastest-growing material segment in the global heat sensitive cups market.
The incremental demand trends by the customer for personalized heat-sensitive cups to boost the market.
Shenzhen Yong Rui Bianse Arts & Crafts , Wondermugs, Kema Mugs Co., Ltd., Hunan Huatai Ceramics Industry Ltd, SHANDONG BEST CERAMIC MUG CO., LTD., Huhtamäki Oyj, The Mugs Ltd., are the top players supplementing the sales of heat sensitive cups.
As per the FMI analysis, the Indian heat sensitive cups market is projected to expand at a CAGR of 6.6% during 2023 to 33.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Material 6.2. Capacity 6.3. End User 7. Global Market Analysis and Forecast, By Material 7.1. Ceramic 7.2. Plastic 8. Global Market Analysis and Forecast, By Capacity 8.1. Below 250 ml 8.2. 250 − 500 ml 8.3. Above 500 ml 9. Global Market Analysis and Forecast, By End User 9.1. HORECA 9.2. Households 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. East Asia 10.4. South Asia & Pacific 10.5. Western Europe 10.6. Eastern Europe 10.7. Central Asia 10.8. Russia & Belarus 10.9. Balkan Countries 10.10. Baltic Countries 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. East Asia Sales Analysis and Forecast, by Key Segments and Countries 14. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 16. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 17. Central Asia Sales Analysis and Forecast, by Key Segments and Countries 18. Russia & Belarus Sales Analysis and Forecast, by Key Segments and Countries 19. Balkan Countries Sales Analysis and Forecast, by Key Segments and Countries 20. Baltic Countries Sales Analysis and Forecast, by Key Segments and Countries 21. Sales Forecast by Material, Capacity, and End User for 30 Countries 22. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 23. Company Profile 23.1. Shenzhen Yong Rui Bianse Arts & Crafts 23.2. Wondermugs 23.3. Kema Mugs Co., Ltd. 23.4. Hunan Huatai Ceramics Industry Ltd 23.5. SHANDONG BEST CERAMIC MUG CO., LTD. 23.6. Mug Experience 23.7. Vimlesh Enterprises 23.8. The Mugs Ltd. 23.9. Val Creations 23.10. Huhtamäki Oyj
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Heat Sensitive Cups Market
