A cup carrier is a product used to carry multiple filled beverage cups at the same time. The present cup carriers market holds several different types of cup carriers, which most commonly include deep indentations, holes, or compartments into which the cups are placed. The products are mostly made of molded pulp, plastic, or other flexible material competent of withstanding the force of filled beverage cups, while being carried. It also helps to prevent the dropping of the cups or carrier, which can result in the spillage of the hot or cold beverage. Unique styles and designs for cup carriers are currently available in the market. Manufacturers are focusing on upgrading the durability and enhancing the design pattern to attract more consumers to the market. An increasing number of beverage manufacturers and people daily consuming tea and coffee is boosting the growth of the cup carriers market in North America.
The most common types of cup carriers have been manufactured from durable cardboard-type paper to a sturdy texturized pulp fiber for years. However, many leading businesses are expanding the types of cup carriers to better meet the growing demand from on the go beverage consumers. The takeaway food culture has been popularly increasing in North America, and hence, there is a huge demand for stylish and durable cup carriers in the region. In the U.S., several people believe that drinks with drink holders reign supreme. Moreover, according to several surveys and researches, more than 50% of people in the U.S. typically use cup holders to carry cups of coffee and tea. Moreover, the number of working individuals and rate of urbanization are increasing in North American countries, which are expected to result in the expansion of the cup carriers market in the region during the projected period.
Food beverages and packaging companies are witnessing a heavy slowdown in consumption as well as disrupted supply chains due to the COVID-19 outbreak. The cup carriers market in North America heavily depends on these industries. The residential consumption has improved, but commercial or out-of-home consumption, which usually produces the highest margin, has come to nearly a pause. The COVID-19 pandemic and its devastating impact on the supply chain of the food & beverage sector have strongly impacted the packaging industry. The coronavirus spread has already led to some of the sharpest slumps in recent times in demand for certain types of cup carriers, while accelerating the growth for others such as packaging for eCommerce shipments. However, the new changes are presenting many companies producing cup carriers with a new set of challenges.
The COVID-19 created extensive spikes in online delivery from supermarkets. In the early stages of the crisis, many supermarkets and grocery stores across North America were closed, as people were asked to stay indoors by the government regulators. The restrictions and increasing spread of coronavirus have influenced people to not visit packed cafes and other beverage outlets. However, the advancement in digital delivery channels and eCommerce made it easier to order things at home. Thus, to deliver the beverages on demand and people preference for cup carriers with their drinks are contributing to the growth of the cup carriers market in North America.
Most manufacturers in North America are witnessing a demand for the packaging of healthy drinks and flavored milk beverages due to growing health awareness in the wake of COVID-19. As a result, many beverage companies are shifting to produce healthy drinks to fulfill the risen demand. This has increased the demand for cup carriers, and with the growing demand in the food beverage and packaging industries, the North America cup carriers market is likely to expand.
The most commonly known traditional cup carriers are manufactured using durable cardboard-type paper to a sturdy texturized pulp fiber. Each type of carrier allows carrying two to four hot or cold drinks safely. Some basic designs for cup carriers include basic square, while other carriers are more defined or of an origami design, as the sides of the container are higher. The edges are well defined and convenient to hold. Many cafes in North America prefer handles that make it easier to move and help balance in case another hand is busy. Many manufacturers are already designing cup carriers with sleek and balancing shapes to increase the convenience of holding for the consumers. Furthermore, due to growing concerns over the environment and trends for eco-friendly products, various cafes, restaurants, supermarkets, and other consumers are increasing the demand for biodegradable and eco-friendly cup carriers aiding in the North America cup carriers market growth.
Cup carriers are also increasingly trending for their multiple types of drinks holding ability. It can also vary in use like a cup holder, a coffee travel tote, and a travel drink holder at the same time. Many conventional cup carriers are also efficient to hold different types of liquids, which include tea, juice, water, energy drinks, milkshakes, smoothies, or even soups. Multiple cup carriers usually come with insulated inner coverings and dividers that keep the drinks at ideal temperatures, and ready for consumption at all times. These types of cup carriers can be suitable for multiple settings such as serving hot coffee at the office in the morning or ice-cold beer at a picnic or delivering a hot drink across town. Thus, there is an increasing trend for insulated cup carriers in the North American region. This is projected to drive the cup carriers market in the region during the forecast period.
The growing focus of manufacturers toward expanding their cup carrier designs and materials is meeting the burgeoning demand from on the go food consumers. The food and beverage takeaway culture in North America is rapidly growing and is expected to further grow with busy work schedule and increasing population. Moreover, producers of single-use food accessories are increasing the production of cost-effective and eco-friendly products. In addition, the growing use of online food delivery is increasing the demand for cup carriers for restaurants, cafes, food stalls, etc. All these factors are contributing to the growth of the North America cup carriers market, which is expected to expand at a CAGR of 4.1% during the forecast period.
Analysts’ Viewpoint
There are various designs and multiple cup options from 2, 4 to more than 6 cups available in the cup carriers market in North America. Cup carriers present a reasonable solution to takeaway segments such as fast-food restaurants or coffee outlets. Furthermore, cup carriers are an excellent solution for on the go beverages. Manufacturers now provide their customers with customizable choices and brand-specific designs. Moreover, there is an ongoing trend for compact packaging prevalent in the food and beverage industry. The growing demand in the food & beverage and packaging industries and the increasing number of restaurants and beverage outlets in North America are expected to propel the cup carriers market in North America during the forecast period.
North America Cup Carriers Market – Segmentation
The North America cup carriers market has been segmented on the basis of material, number of cups, end use, and country. Each of these segments have been analyzed to provide readers with a holistic view of the market.
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1. Executive Summary
1.1. Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Product USPs / Features
5. North America Cup Carrier Market Demand Analysis 2015-2020 and Forecast, 2021-2031
5.1. Historical Market Volume (Mn Units) Analysis, 2015-2020
5.2. Current and Future Market Volume (Mn Units) Projections, 2021-2031
5.3. Y-o-Y Growth Trend Analysis
6. North America Cup Carrier Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Pricing Break-up
6.3. Average Pricing Analysis Benchmark
7. North America Cup Carrier Market Demand (Value in US$ Mn) Analysis 2015-2020 and Forecast, 2021-2031
7.1. Historical Market Value (US$ Mn) Analysis, 2015-2020
7.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031
7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis
8. Market Background
8.1. North America Packaging Market Outlook
8.2. North America Rigid Packaging Market Outlook
8.3. North America Food & Beverage Industry Growth Outlook
8.4. Macro-Economic Factors
8.4.1. United States (U.S.) and Canada GDP Growth Outlook
8.4.2. GDP Per Capita
8.4.3. Domestic Demand
8.5. Forecast Factors - Relevance & Impact
8.5.1. North America Beverage Industry Growth
8.5.2. Regional Manufacturing Value Added Growth
8.5.3. Segmental Revenue Growth of Key Players
8.5.4. Top Companies Historical Revenue Growth
8.6. Value Chain Analysis
8.6.1. Key Participants
8.6.1.1. Raw Material Suppliers
8.6.1.2. Cup Carrier Manufacturers
8.6.1.3. Distributors
8.6.2. Profitability Margin
8.7. Market Dynamics
8.7.1. Drivers
8.7.2. Restraints
8.7.3. Opportunity Analysis
8.8. Impact of COVID-19
8.8.1. Current Statistics and Probable Future Impact
8.8.2. Impact of COVID-19 on Cup Carrier Market
9. North America Cup Carrier Market Analysis 2015-2020 and Forecast 2021-2031, By Material
9.1. Introduction
9.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis, By Material, 2015-2020
9.3. Current and Future Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast, By Material, 2021-2031
9.3.1. Paper / Molded Fiber
9.3.2. Plastic
9.3.2.1. Polypropylene (PP)
9.3.2.2. Polyethylene terephthalate (PET)
9.3.2.3. Polyethylene (PE)
9.3.3. Others (glass, jute, wood)
9.4. Market Attractiveness Analysis, By Material
10. North America Cup Carrier Market Analysis 2015-2020 and Forecast 2021-2031, By Number of Cups
10.1. Introduction
10.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis, By Number of Cups, 2015-2020
10.3. Current and Future Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast, By Number of Cups,2021-2031
10.3.1. 1 to 2
10.3.2. 3 to 4
10.3.3. 5 to 6
10.3.4. Above 6
10.4. Market Attractiveness Analysis, By Number of Cups
11. North America Cup Carrier Market Analysis 2015-2020 and Forecast 2021-2031, By End Use
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis, By End Use, 2015-2020
11.3. Current and Future Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast, By End Use, 2021-2031
11.3.1. Food Service Outlets
11.3.2. Institutional Food Services
11.3.3. Household Use
11.4. Market Attractiveness Analysis, By End Use
12. North America Cup Carrier Market Analysis 2015-2020 and Forecast 2021-2031, By Country
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume (Mn Units) Analysis, By Country, 2015-2020
12.3. Current and Future Market Size (US$ Mn) and Volume (Mn Units) Analysis and Forecast, By Country, 2021-2031
12.3.1. United States (U.S.)
12.3.2. Canada
12.4. Market Attractiveness Analysis, By Country
13. Market Structure Analysis
13.1. Market Analysis, by Tier of Cup Carrier Packaging Companies
13.2. Market Concentration
13.3. Market Share Analysis of Top Players
13.4. Market Presence Analysis
14. Competition Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Competition Deep Dive
14.3.1. Graphic Packaging International, LLC
14.3.1.1. Overview
14.3.1.2. Product Portfolio
14.3.1.3. Profitability by Market Segments
14.3.1.4. Sales Footprint
14.3.1.5. Strategy Overview
14.3.1.5.1. Marketing Strategy
14.3.1.5.2. Product Strategy
14.3.1.5.3. Channel Strategy
14.3.2. Southern Champion Tray, LP
14.3.2.1. Overview
14.3.2.2. Product Portfolio
14.3.2.3. Profitability by Market Segments
14.3.2.4. Sales Footprint
14.3.2.5. Strategy Overview
14.3.2.5.1. Marketing Strategy
14.3.2.5.2. Product Strategy
14.3.2.5.3. Channel Strategy
14.3.3. Pactiv LLC
14.3.3.1. Overview
14.3.3.2. Product Portfolio
14.3.3.3. Profitability by Market Segments
14.3.3.4. Sales Footprint
14.3.3.5. Strategy Overview
14.3.3.5.1. Marketing Strategy
14.3.3.5.2. Product Strategy
14.3.3.5.3. Channel Strategy
14.3.4. Sabert Corporation
14.3.4.1. Overview
14.3.4.2. Product Portfolio
14.3.4.3. Profitability by Market Segments
14.3.4.4. Sales Footprint
14.3.4.5. Strategy Overview
14.3.4.5.1. Marketing Strategy
14.3.4.5.2. Product Strategy
14.3.4.5.3. Channel Strategy
14.3.5. Georgia-Pacific Consumer Products LP
14.3.5.1. Overview
14.3.5.2. Product Portfolio
14.3.5.3. Profitability by Market Segments
14.3.5.4. Sales Footprint
14.3.5.5. Strategy Overview
14.3.5.5.1. Marketing Strategy
14.3.5.5.2. Product Strategy
14.3.5.5.3. Channel Strategy
14.3.6. WestRock Company
14.3.6.1. Overview
14.3.6.2. Product Portfolio
14.3.6.3. Profitability by Market Segments
14.3.6.4. Sales Footprint
14.3.6.5. Strategy Overview
14.3.6.5.1. Marketing Strategy
14.3.6.5.2. Product Strategy
14.3.6.5.3. Channel Strategy
14.3.7. Huhtamäki Oyj
14.3.7.1. Overview
14.3.7.2. Product Portfolio
14.3.7.3. Profitability by Market Segments
14.3.7.4. Sales Footprint
14.3.7.5. Strategy Overview
14.3.7.5.1. Marketing Strategy
14.3.7.5.2. Product Strategy
14.3.7.5.3. Channel Strategy
14.3.8. Karat (Lollicup)
14.3.8.1. Overview
14.3.8.2. Product Portfolio
14.3.8.3. Profitability by Market Segments
14.3.8.4. Sales Footprint
14.3.8.5. Strategy Overview
14.3.8.5.1. Marketing Strategy
14.3.8.5.2. Product Strategy
14.3.8.5.3. Channel Strategy
14.3.9. Green Paper Products, LLC
14.3.9.1. Overview
14.3.9.2. Product Portfolio
14.3.9.3. Profitability by Market Segments
14.3.9.4. Sales Footprint
14.3.9.5. Strategy Overview
14.3.9.5.1. Marketing Strategy
14.3.9.5.2. Product Strategy
14.3.9.5.3. Channel Strategy
14.3.10. MULTIPAP
14.3.10.1. Overview
14.3.10.2. Product Portfolio
14.3.10.3. Profitability by Market Segments
14.3.10.4. Sales Footprint
14.3.10.5. Strategy Overview
14.3.10.5.1. Marketing Strategy
14.3.10.5.2. Product Strategy
14.3.10.5.3. Channel Strategy
*The above list is indicative in nature and is subject to change during the course of research
15. Assumptions and Acronyms Used
16. Research Methodology
List of Tables
Table 01: North America Cup Carrier Market Value (US$ Mn) Analysis, by Material, 2015H-2031F
Table 02: North America Cup Carrier Market Volume (Mn Units) Analysis, by Material, 2015H-2031F
Table 03: North America Cup Carrier Market Value (US$ Mn) Analysis, by Application, 2015H-2031F
Table 04: North America Cup Carrier Market Volume (Mn Units) Analysis, by Application, 2015H-2031F
Table 05: North America Cup Carrier Market Value (US$ Mn) Analysis, by End Use, 2015H-2031F
Table 06: North America Cup Carrier Market Volume (Mn Units) Analysis, by End Use, 2015H-2031F
Table 07: North America Cup Carrier Market Value (US$ Mn) Analysis, by Country, 2015H-2031F
Table 08: North America Cup Carrier Market Volume (Mn Units) Analysis, by Country, 2015H-2031F
List of Figures
Figure 01: North America Cup Carrier Market Attractiveness Analysis, by Material, 2021(E) - 2031(F)
Figure 02: North America Cup Carrier Market Value Share Analysis, by Material, 2021(E) & 2031(F)
Figure 03: North America Cup Carrier Market Value Share Analysis, by Number of Cups, 2021(E) & 2031(F)
Figure 04: North America Cup Carrier Market Attractiveness Analysis, by Number of Cups, 2021(E) - 2031(F)
Figure 05: North America Cup Carrier Market Attractiveness Analysis, by End Use, 2021(E) - 2031(F)
Figure 06: North America Cup Carrier Market Value Share Analysis, by End Use, 2021(E) & 2031(F)
Figure 07: North America Cup Carrier Market Attractiveness Analysis, by Country, 2021(E) - 2031(F)
Figure 08: North America Cup Carrier Market Value Share Analysis, by Country, 2021(E) & 2031(F)