Analysis by Material Type (Bamboo, Stainless Steel, Glass, Plastic, Recycled Paper, Ceramic, and Others); by Applications (Residential, Office, Travelling, Hospital, and Others); by Distribution Channels (Hypermarkets/Supermarkets, Company Websites, Aggregator Websites, and Franchise Retail Outlets); and by End User (Domestic, and Commercial) – Global Supply & Demand Analysis & Opportunity Outlook 2019-2031
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Regionally, the global reusable coffee cup market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Europe is projected to hold the largest market share by the end of 2031. It is expected to garner a revenue of USD 9,396.3 million by the end of 2031 by growing at a CAGR of 6.5% over the forecast period. It collected the revenue of USD 4,576.3 million in 2019. This growth is attributed to the increasing number of coffee shops in Europe. As of 2019, there are more than 25,000 coffee dedicated shops in Europe and nearly 75% of them are chain. Furthermore, higher international visits across Europe is expected to propel the market growth in Europe. There has been surge in tourist arrivals from nearly 670 million in 2017 to 713 million in 2018. Government initiatives to restrain the use of plastic and to curb the plastic waste. In 2022, European Commission, adopted the implemented decision of banning single use plastics, including plastic bags, cotton buds, cutlery, food container, cups for beverages, wet wipes and others. This initiative is expected to create the opportunity for the growth of the reusable coffee cup market in Europe.
The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
Growth Drivers
Increased Penetration of Tourist Across the World - The practices of sustainable tourism have prompted the use of reusable cups in hotels, café and even by tourist themselves. Rising tourism is to increase the sales of reusable cups. According to UNWTO World Tourism Barometer, approximately 250 million tourist arrivals are reported in the first five months of 2022.
Rising Use of Reusable Cups - Increased demand of reusable cups has been the most prominent trend in recent years. People have developed sensitivity towards environment and many have opted customized reusable cups. The United States, massive coffee chain Starbucks have reported nearly 157% rise in usage of reusable cups in various stores in London.
Higher Prevalence of Online Delivery Services - With the rising popularity of online food delivery, people are ordering food at their convenience and consuming re-usable utensils including plates, cups, forks and others at their place. Nearly 2,600 million people are expected to order food online by 2027.
Growing Need to Curb the Plastic Waste Pressure on Earth - Plastic waste has drastically increased in past few years. To control the more use of plastic is imperative to save the environment. Substituting plastic cups with re-usable cups is a prominent step to save nature. According to UN Environment Programme statistics, every year, 400 million tons of plastic waste is generated every year.
Higher Number of People Consuming Coffee - The growing obsession of people with coffee is expected to propel the reusable coffee cups market. In 2018, UK’s consumption of coffee was nearly 95 million cups a day.
Challenges
During pandemic, single-use cups were used most, to prevent the risk of contamination by using the re-usable cups used by somebody else. Even restaurants and café were providing utensils for only one-time use. Therefore, fear of contamination is to hamper the market growth.
The global reusable coffee cup market is segmented and analyzed for demand and supply by applications into residential, office, travelling, hospitality and others. Residential segment is anticipated to hold the largest market size of USD 14,889.8 million by the end of 2031. It is expected to grow at a CAGR of 6.1% over the forecast period. Moreover, the segment garnered a revenue of USD 8,289.1 million in 2021. Higher usage of coffee and tea by population at home is to propel the growth of residential segment. Nearly 80% of people in India consumes tea before or with breakfast. India is the second largest producer of tea and about 80% of tea is consumed by the domestic population. Moreover, in New York, coffee consumption at home is driven by pandemic, nearly 85% of coffee consumers drink at least one cup of coffee at home. Therefore, rising consumption of beverages at home is increasing the use the reusable coffee.
Our in-depth analysis of the global reusable coffee cup market includes the following segments:
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By Applications |
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By Distribution Channel |
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By End User |
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Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global reusable coffee cup market that are included in our report are Thermos L.L.C., GlobalWAKEcup, KeepCup, Circular&Co., Frank Green, Ecoffee Cup, Tread Light Ltd., Klean Kanteen, Tefal, Joco Cups, Keurig Green Mountain, Inc., YETI COOLERS, LLC. and others.
Ans: Higher number of coffee consumers, rise in reusable cups, increased tourism and rising need to reduce plastic waste are few factors which are likely to propel the market growth.
Ans: The market is anticipated to attain a CAGR of 5.8% over the forecast period, i.e., 2022 – 2031.
Ans: Indefinite cost of raw material, risk of contamination during pandemic and people’s choice to not carry the reusable cups everywhere are few factors likely to hamper the market growth.
Ans: The market in Europe is projected to hold the largest market size of USD 9,396.3 million by the end of 2031 and provide more business opportunities in the future. It is expected to grow at a CAGR of 6.5% over the forecast period.
Ans: The major players in the market are Thermos L.L.C., GlobalWAKEcup, KeepCup, Circular&Co., Frank Green, Ecoffee Cup, Tread Light Ltd., Klean Kanteen, Tefal, Joco Cups, Keurig Green Mountain, Inc., YETI COOLERS, LLC. and so on…
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by material types, applications, distribution channels, end users, and by region.
Ans: The residential segment is anticipated to garner the largest market size of USD 14,889.8 million by the end of 2031 and display significant growth opportunities. It is to grow at a CAGR of 6.1% over the forecast period.
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