A reusable coffee cup is referred to the coffee cup which can be used multiple times, unlike that of single use coffee cups. A reusable coffee cup usually has a cover lid with a small opening for sipping the coffee. Reusable coffee cups are designed to support the concept of ‘drink-as-you-go’, making it more travel friendly. Reusable coffee cups are usually made up of a wide variety of materials, typically that can keep the drink warm for a longer period of time. The cups are designed to have an outer layer that keeps the drink warm, and an outer layer, which increases the aesthetics of the cup. Many manufacturers of reusable coffee cups also provide customization of the cups. As such, the cups are also widely used as gifts for different purposes.
The global reusable coffee cup market is thriving on the back of increasing demand for coffee around the world, backed by the increasing trade of coffee, coupled with the growing environmental concerns developed from single use wastes from different end user industries. According to the statistics by the International Trade Centre, exports of coffee around the world increased from USD 30.37 million in the year 2015 to USD 32.49 million in the year 2017. CLICK TO DOWNLOAD SAMPLE REPORT
The global reusable coffee cup market is anticipated to record a significant CAGR throughout the forecast period, i.e. 2020-2028. The market is segmented by product build material type into bamboo, stainless steel, glass, plastic, recycled paper, ceramic and others. Out of these segments, the stainless steel segment is anticipated to hold the largest market share on account of lower thermal conductivity properties of the various grades of stainless steel, thereby making it one of the most widely used metal in the manufacturing of stainless steel thermal products, especially thermal flasks, that are known to retain heat or cold properties for a longer period of time. Moreover, increasing trends of using stainless steel thermal products on the back of greater cost efficiency and lower impact on the health, are some of the factors anticipated to drive the growth of the stainless steel segment in the global reusable coffee cup market.
There is an increasing concern for the growing amount of wastes generated from the use of single use disposables that impact the environment, generating landfills and other environmental impacts. Stringent norms taken by the governments of nations around the world have thereby raised the necessity to adopt to goods or products that are made up by recycled processes or products that minimize waste. Moreover, backed by the increasing number of cafes and coffee focused shops around the world, the possibility of generation of single use disposable wastes have grown massively. Such factors are anticipated to raise the need for reusable products, and in turn the growth of the global reusable coffee cup market.
Backed by the increasing number of travelers around the world, products that are portable and that assist those during their travel are gaining massive popularity over the years. Reusable coffee cups are designed in such a way that they promote greater portability, and further keep the liquid inside warm for a longer period of time. Moreover, with advancements in design and technology and the development of raw materials used to manufacture the reusable coffee cups, that promote longer thermal conductivity are some of the factors anticipated to drive the growth of the global reusable coffee cup market.
Lack of awareness for reusable coffee cups, along with the lack of stringent environmental norms that promote use of reusable products instead of single use products are some of the factors anticipated to limit the growth of the global reusable coffee cup market.
Our in-depth analysis of the global reusable coffee cup market includes the following segments:
On the basis of regional analysis, the global reusable coffee cup market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
The market of reusable coffee cup in Europe is anticipated to hold the largest market share owing to the presence of coffee drinking culture amongst the individuals in the region, coupled with the increasing number of cafes and coffee focused shops that sell coffee. The region is also known to have a wide range of coffee varieties, which makes it one of the best destinations around the world to taste coffee of numerous types. Moreover, the region also observes a large number of tourists as the region possesses several tourist attraction places. The large footfall of tourist is also anticipated to drive the demand for coffee and other beverages, and in turn the growth of the reusable coffee cup market in the region. According to the statistics by Euromonitor International, in the year 2018, total number of cafes in the region constituted to 343,815 numbers and coffee focused shops constituted to 20,591.
The global reusable coffee cup further classified on the basis of region as follows:
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