Cup Carriers Market - Ready to Experience Exponential Growth by 2030, How?

North America Cup Carriers Market: Introduction

Transparency Market Research delivers key insights for the cup carriers market in its published report, which include North America industry analysis, size, share, growth, trends, and forecast for 2021-2031. In terms of growth, the North America cup carriers market is projected to witness rapid growth during the forecast period, owing to increased beverage consumption in North America and growth of food service outlets, about which, TMR offers detailed insights and forecasts in the North America cup carriers market report.

Cup carriers are widely used across North America to hold and move beverages. They are convenient way of carrying around beverages without any hassle. Beverage cup carriers are made of paper/molded fiber, plastic, and other materials such as jute, wood, or bioplastics. Cup carriers are capable of holding one to six cups in a tray format with an optional handle.

The food & beverage sector is expanding and becoming progressively dynamic in North America. This transformation provides various opportunities for packaging manufacturers to suffice the demand for packaging solutions in the food & beverage sector. This is expected to boost the cup carriers market.

Request a Sample – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82308

Manufacturers are focusing on expanding their cup carriers portfolios to better meet the growing demand from on the go food consumers. There seems to be a key focus on design to enable optimum consumer convenience. Food takeaway culture in North America is playing a huge role in shaping the cup carriers market.

Growth of Beverage Industry in North America

Due to the outbreak of COVID and increasing health issues, consumers are focusing on health and well-being, and adopting immunity-boosting, less sugary and fat-free beverages across the U.S. This is not only causing a revolution in the beverage industry but also increasing consumers count for the same. The accelerating beverage industry is a positive sign for cup carriers and would benefit the market in the near future.

Beverage manufacturers are well aware of this trend and are contributing their best to cater the market. Neuro, a well-renowned beverage manufacturer based in Los Angeles, launched a probiotic kombucha in April 2020, which improves digestion and increase immunity.
In March 2021, Starbucks across the U.S. launched non-dairy, vegan, and gluten-free drink option, which is available for takeaway as well as delivery in a disposable cup with cup carriers
Digital Printing on Cup Carriers to Uplift Market

Digital printing is used to create and copy images on any physical packaging. It is widely used by manufacturers to highlight their products through publishing brand details, logo, product information, taglines, brand ambassadors, etc. in the packaging. Digital printing is often used on cup carriers to increase the product attractiveness and make it more informative. It is also utilized as a customization tool and provides customer information on the product. Print-on-demand is one of the trends helping cup carriers to survive in the market.

Buy an Exclusive Research Report at - https://www.transparencymarketresearch.com/checkout.php?rep_id=82308<ype=S

Increasing Wastage Act as Barrier for Cup Carriers Market in North America

Cup carriers with all their benefits also contribute to wastage. Single-use plastics cannot be recycled or re-used, making it an underlined waste. Single-use plastic is harmful for the environment and causes problems for aquatic lives. The TMR researchers have estimated that more than 8.3 billion tons of plastic was produced since 1950, and more than 60% of it has either been disposed into the natural environment or a landfill. This could hamper the position of cup carriers in the market.

North America Cup Carriers Market: Competition Landscape

TMR analysed that the North America cup carriers market is moderately competitive, due to a large number of local players in the market. This competition among key players is carefully studied based on developments, strategies, and segmental revenues of companies. TMR analysis includes outlines of key players in the North America cup carriers market study, which includes Graphic Packaging International, LLC, Southern Champion Tray, LP, Pactiv LLC, Sabert Corporation, Georgia-Pacific Consumer Products LP, WestRock Company, Huhtamäki Oyj, Karat (Lollicup), Green Paper Products, LLC and MULTIPAP. TMR distinguished these cup carriers market players as per their segmental earnings into different tier slabs.

North America Cup Carriers Market: Overview

According to Transparency Market Research’s latest report on the North America cup carriers market for the forecast period of 2021-2031, the market is estimated to grow, owing to the demand from the beverage industry

The North America cup carriers market is expected to clock 4.1% value growth rate during the forecast period. Practice of takeaways is likely to increase the sales of cup carriers in the years to come.
Coffee Consumption in North America to Drive Demand for Cup Carriers

Ask for Special Discount on Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=82308

Coffee is one of the rich sources of antioxidants in western diets and contains several antioxidants good for health. These are a few of the factors for its popularity and increase in demand in North America. According to a survey by the National Coffee Association USA, 62% of Americans drink coffee every day, and almost half (48%) of the daily coffee drinkers in the U.S. buy their coffee from a quick-service restaurant, cafes, and drive through.
Despite the onset of the pandemic in the year 2020, coffee consumption increased in Canada. Coffee Association of Canada confirmed that coffee consumption in Canada has surged from 69% of daily coffee drinkers in April 2020 to 71% of them in October 2020.

Increasing coffee consumption is expected to boost the demand for cup carriers in North America since it makes carrying coffee convenient and helps customers to save time by taking it on the go.

Growing Demand from Outdoor Social Occasions to Reshape Market for Cup Carriers in North America

Retail sales channels for cup carriers also target outdoor social occasions that involve buffet tables. Outdoor social events such as social club meetings, community get-togethers, etc. create considerable demand for beverages with disposable cup carriers for attendees.

Molded fiber cup carriers are popular among end users and buyers of cup carriers for the retail market segment. Molded fiber cup carrier is highly preferred due their lightweight and eco-friendly features. Communities and clubs regularly organize get-togethers and meetings to enhance socialization value among individuals in their organizations.

The cup carriers market is expected to continue to grow in North America due to the strong demand being generated from single-use cutleries required at several social occasions. Non-profit organizations, sports clubs, community clubs, and other local and social groups are growing rapidly around the world. These social groups regularly organize congregations and conventions of large members. Cup carriers emerge as effective and convenient solutions for a large assembly of people.

Contact

Transparency Market Research

90 State Street, Suite 700

Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: https://www.transparencymarketresearch.com/

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision-makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

This release was published on openPR.