The Vending Cups Market is estimated at US$ ~2.1 Bn in 2022 and is projected to reach US$ ~2.6 Bn by 2028

According to FMI, the market for vending cups generated US$2.05 billion in revenue in 2021. By the end of 2028, the global market for vending cups is anticipated to grow by 1.3 times its current market value. The top 3 nations are expected to own 39.9% of the global vending cup market in 2022, as the demand for vending cups will increase.

According to recently released data from a market research of vending cups, the global market for paper vending cups had year-over-year (YoY) growth of 5.2 percent in 2021, reaching US$ 1.2 Bn. Between 2022 and 2028, the paper vending cup market is projected to grow at a CAGR of 4.0 percent.Strategy Analysis through Competition Tracking
The global vending cups market showcases an extremely fragmented-high competition landscape, with the small, tier-3 companies accounting for the largest market share. Tier 3 companies dealing in vending cups such as Dispo International, SwissPrimePack, and Benders Paper Cups receive most of their revenue through aggressively defending their product portfolios.

Request Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4940

Other key insights from competitive landscape analysis include:

Tier-3 companies in the global vending cups market account for a major share of the market, contributed to nearly 60 percent of the total global market share.
Tier-2 players, including RPC Tedeco Gizeh and International Paper Company, contributing, falling under the 1-2.5 percent revenue share bracket, are anticipated to account for nearly 16-20 percent of the total vending cups market
Tier-1 companies, Huhtamaki Oyj, Coveris Holdings S.A., New WinCup Holdings, Inc., and Nupik-flo UK Ltd.-sharing a revenue bracket of above 2.5 percent, are estimated to hold a total of 20-25 percent of the vending cups market share.

However, larger vending cups companies are projected to have relatively stronger clout with suppliers and therefore, less alarmed by the pricing issue than smaller operators, considering competitive pricing remains a vital factor for vending cups manufacturers.

Competitive Landscape

The key players engaged in manufacturing vending cups are focusing on expanding their presence through investing in manufacturing facilities along with increasing their production capacity. Also, the players are developing innovative packaging solutions.

In January 2021, Huhtamäki OYJ, a key sustainable packaging provider invested in a new manufacturing site located in Malaysia to serve the customer and cater the future demand for packaging.
In July 2021, Graphic Packaging International, LLC, announced the launch of a new product line in the foodservice packaging portfolio. The company launched an innovative line of non-polyethylene coated single-use foodservice packaging solutions.
Key Companies Profiled

Graphic Packaging International, LLC
MPM Marketing Services Pty Ltd.
SwissPrimePack
Benders Paper Cups
Huhtamäki Oyj
Hosti GmbH
New WinCup Holdings, Inc.
Dispo International
RPC Tedeco Gizeh
Nupik-flo UK Ltd.
Printed Cup Company

Ask an Analyst @ https://www.futuremarketinsights.com/askus/rep-gb-4940

Vending Cups Market by Category

By Capacity:

Less than 7 Oz.
7 Oz. to 9 Oz.
10 Oz. to 12 Oz.
More than 12 Oz

By Material Type:

Plastic
Polypropylene (PP)
Polyethylene (PE)
Polyamide (PA)
Bioplastics
Polyethylene Terephthalate (PET)
Others
Paper
Foam

By Product Type:

With Lid Vending Cups
Without Lid Vending Cups

By End Use:

Carbonated Drinks
Soft Drinks
Sodas
Non-carbonated Drinks
Dairy
Tea/Coffee
Juice

By End-user Base:

Institutional
Educational Institutions (Schools and Colleges)
Public Institutions (Govt. Offices & Public Places)
Private Institutions
Commercial Users
Quick Service Restaurants
Hotels
Cafes

By Molding Technology:

Thermoformed
Injection

By Application:

Cold Cups
Hot Cups

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Middle East and Africa (MEA)
Japan

Report Customization available @ https://www.futuremarketinsights.com/customization-available/rep-gb-4940

Contact:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.