The Vending Cups Market is estimated to hold a 3.2% CAGR from 2023 to 2033, from USD 2.2 billion in 2023 to USD 3.1 billion in 2033.
| Report Attribute | Details |
|---|---|
| Vending Cups Market Value (2023) | USD 2.2 billion |
| Vending Cups Market Anticipated Value (2033) | USD 3.1 billion |
| Vending Cups Market Growth Rate (2023 to 2033) | 3.2% CAGR |
Hot beverage demand is increasing
Vending cups differ from standard disposable cups in that they require precision manufacturing to function well in a vending machine without being jammed. Vending cups cost more than standard water cooler cups and have a low production tolerance.
Vending cups have a strong grip, are lightweight, recyclable, and environmentally beneficial. Because of the solid nature of vending cups, they are more expensive than water cooler cups.
Vending cups are become popular on the market, with manufacturers striving for improved printability and consumer convenience. In recent years, the growing demand for bottled beverages, coffee, and tea in public areas has fuelled the demand for vendor cups.
Other factors projected to drive product growth during the forecast period include increased awareness about hygienic food products and the benefits of vending cups.
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The Vending Cups Market is expected to be worth USD 2.1 billion by 2022, expanding at a 4.0% CAGR from 2017 to 2022. Global Market Absolute Dollar Growth is USD 835.5 million.
The increasing rate of improvement of cafes is the primary factor driving the interest in distributing glasses. Changes in the general population's way of life are one of the primary factors that have increased the number of cafés and bistros.
Another element that contributes to the growth of the vending cups market is that the distributing mugs can be reused and are thus environmentally beneficial. The growing purchasing power of the middle-class population aids the growth of the vending cup business.
| Historical CAGR (2017 to 2022) | 5% |
|---|---|
| Forecast CAGR (2023 to 2033) | 5.4% |
As per the FMI analysts, a valuation of USD 6.30 billion by 2033 end is estimated for the market.
| Year | Market Value |
|---|---|
| 2016 | USD 1.43 billion |
| 2021 | USD 2.23 billion |
| 2022 | USD 2.1 billion |
| 2023 | USD 2.2 billion |
| 2033 | USD 3.1 billion |
One of the important factors projected to drive product growth during the projection period is the advantages of vending cups.
Rapid urbanisation, changing eating habits, increased individual spending power, and growing number of coffee shops and cafes are all predicted to bolster the global industry. Additionally, increased awareness about sanitary food products and the benefits of vending cups are expected to boost the global market further.
Increase in health concerns, overpackaging of products, and great use of paper-made vending cups are a few more factors expected to move the target market ahead. Apart from increased consumption of sanitary food products, there has been a significant improvement in fast food goods, which is projected to produce enormous demand for vending cups during the forecast period.
Principal Consultant
Increased consumption of premium hot beverages in retail stores, institutional services, workplaces, coffee shops, and other sites fuels the demand for vending cups.. However, in recent years, cheap and superior replacements in plastic and paper have created several obstacles for vending cups. Furthermore, the expensive installation cost of vending machines has slowed the rise of vending cups in recent years, particularly in developing and developed countries.
It is difficult, and not feasible, for retailers and brand owners of beverages to have a physical store in places that generate high demand for beverages. One of the most used solutions adopted by brand owners to solve this problem is vending machines. Vending machines are commonly found in places, such as airports and railway stations, etc.
Vending Machine save consumers from the hassle of standing in long queues and are quite user-friendly. The increasing popularity of these machines is likely to create more demand for vending beverage cups. Also, the impact of advancements in vending technology has led to the advent of intelligent vending machines, the demand for which is increasing at a good pace in various regions which bolster the demand for vending beverage cups.
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Vending cups here referred as disposable cups are also available with a variety of prints on them which enhance the look and feel of the product. Printability has always been a key deciding factor of a product’s success. With vending cups, it keeps getting better. Beverage brands put a lot of focus on the look and feel of their products.
The key is to have originality and individuality. Brands want something that consumers can associate with, and which is unique to that specific brand. Also, the vending cups with multi-colour gained traction among the beverage brands. The prints on vending cups can also be used as a tool for marketing where brands can offer their logo or writing on it. Overall, the printability feature which provides an attractive look creates a market growth opportunity for the vending cups manufacturers to raise their sales bar.
| Countries | USA |
|---|---|
| CAGR (2017 to 2022) | 2.3% |
| Valuation (2023 to 2033) | USD 542.7 million |
| Countries | China |
|---|---|
| CAGR (2017 to 2022) | 5.9% |
| Valuation (2023 to 2033) | USD 335.4 million |
| Countries | India |
|---|---|
| CAGR (2017 to 2022) | 7.6% |
| Valuation (2023 to 2033) | USD 373.7 million |
| Countries | Germany |
|---|---|
| CAGR (2017 to 2022) | 2.9% |
| Valuation (2023 to 2033) | USD 111.4 million |
| Countries | UK |
|---|---|
| CAGR (2017 to 2022) | 3.3% |
| Valuation (2023 to 2033) | USD 102.6 million |
North American market is expected to lead the global vending cups market due to a growing number of events, sports events such as football, cricket, and social gatherings, and increased consumption of on-the-go beverages in the region.
According to statistics, the United States of America has the lage installed base of beverage vending machines. Moreover, this region has the high density of beverage vending machines, with machines installed in practically every cafeteria, corporate office, food service outlet, and so on, resulting in a significant demand for vending cups.
Asia Pacific is also expected to grow at a double-digit rate in terms of beverage vending machine installation. China is expected to be the significant vending cup market in tAsia Pacific region, followed by India. Furthermore, the growing introduction of innovative hot beverage vending machines for distributing tea and coffee propels Asia Pacific vending cups market.
The United Kingdom is anticipated to hold around 19% of the market share for vending cups market in Western Europe along with creating an incremental opportunity of USD ~16 million by the end of 2028.
As per the Automatic Vending Association (AVA), every year consumers in the United Kingdom spend around USD 1.7 billion on refreshment vending machines. Moreover, every day around 2 million cups of tea and 8 million cups of coffee are vended. Thus, the increasing use of vending machines pushes the growth of vending cups market in the United Kingdom..
The United States vending cups market is anticipated to hold the market value of USD ~492 million by the end of 2028 along with registering a CAGR of 2.0% during 2022 to 2028.
The expanding foodservice industry in the United State is one of the pivotal factors driving the demand for vending cups as vending cups are used predominantly by the foodservice industry as well. According to the Economic Research Service(ERS), the foodservice industry is one of the large and growing industries. In 2020, around USD 1 trillion worth of food was supplied in the United States by the foodservice industry.
Less than 7 Oz. capacity segment holds the significant portion of vending cups market. The target segment is estimated to hold a market value of USD ~916 million in the next six years. Less than 7 Oz. segment is forecasted to expand at a CAGR of 3.7% during 2022 to 2028.
Most of the vending cups are made from the paper due to the shifting trend towards paper from plastic material. The paper vending cups segment is projected to hold around 3/5th portion of the market by the end of 2028 along with creating an incremental opportunity of USD ~387 million..
By region, Asia Pacific region generates heavy demand for the vending cups during the forecasted period. Asia Pacific region is projected to expand 1.4x times the current market value during the foreseeable period due to the growing food service industry as well as the increasing use of vending machines at offices and other institutions.
| Attribute | Details |
|---|---|
| Market Size Value In 2023 | USD 2.2 billion |
| Market Size Value in End of Forecast (2033) | USD 3.1 billion |
| Market Analysis | USD billion for Value |
| Key Region Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
| Key Segments | By Capacity, By Material Type, By Product Type, By End Use, By End User Base, By Molding Technology, By Application, By Region |
| Key Companies Profiled | Graphic Packaging International, LLC; MPM Marketing Services Pty Ltd.; Swiss Prime Pack; Benders Paper Cups; Huhtamäki Oyj; Hosti GmbH; New WinCup Holdings, Inc.; Dispo International; RPC Tedeco Gizeh; Nupik-flo UK Ltd.; Printed Cup Company; Golden Paper Cups Manufacturing Co. LLC; Regalzone LLP; Perapack |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is forecast to record a CAGR of 3.2% through 2033.
The market is valued to attain USD 3.1 billion by 2033.
The global market thrived at a 4% CAGR from 2018 to 2022.
The market is estimated to secure a valuation of USD 2.2 billion in 2023.
The sector of less than 7 oz. is expected to develop at a CAGR of 3.7%.
The market in the United States is anticipated to continue to expand at a CAGR of 2.0%.
1. Executive Summary | Vending Cups Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Capacity 5.1. Less than 7 Oz. 5.2. 7 Oz. to 9 Oz. 5.3. 9 Oz. to 12 Oz. 5.4. More than 12 Oz. 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material Type 6.1. Plastic 6.1.1. Polypropylene 6.1.2. Polyethylene 6.1.3. Polyamide 6.1.4. Bioplastics 6.1.5. PET 6.1.6. Other Plastics 6.2. Paper 6.3. Foam 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 7.1. With Lid 7.2. Without Lid 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use 8.1. Carbonated Drinks 8.1.1. Soft Drinks 8.1.2. Sodas 8.2. Non-carbonated 8.2.1. Dairy 8.2.2. Tea/Coffee 8.2.3. Juice 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Molding Technology 9.1. Thermoformed 9.2. Injection 10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 10.1. Cold Cups 10.2. Hot Cups 11. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. Asia Pacific Excluding Japan 11.6. Japan 11.7. Middle East and Africa 12. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Asia Pacific Excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 17. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 18. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 19. Key Countries Market Analysis 20. Market Structure Analysis 21. Competition Analysis 21.1. Graphic Packaging International, LLC 21.2. MPM Marketing Services Pty Ltd. 21.3. SwissPrime Pack 21.4. Benders Paper Cups 21.5. Huhtamaki Oyi 21.6. Hosti GmbH 21.7. New WinCup Holding, Inc. 21.8. Dispo International 21.9. RPC Tedeco Gizeh 21.10. Nupik-flo UK Ltd 22. Assumptions & Acronyms Used 23. Research Methodology
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Vending Cups Market
