The global cold beverage cups market size is projected to reach USD 6.58 billion by 2030, growing at a CAGR of 5.8% from 2019 to 2030. The increasing trend of drinking coffee, tea, and other beverages has driven the growth of this market.
As a result, the demand for cold beverage cups is increasing as it helps preserve the original taste and flavor of the beverage for extended periods. However, there is much more to cold beverage cups than meets the eye! In this article, we will discuss the cold beverage cup market’s size, share, and growth.
Market Overview
Many foods and beverage businesses utilize cold beverage cups to serve chilled and iced drinks such as soft drinks, desserts, milkshakes, alcoholic beverages, etc. However, cold drink cups can only hold cold liquids; they cannot hold heated liquids.
Cold beverage cups can be made of various materials, including paper, plastic, and glass. Offering chilled beverages for a set amount of time, particularly during the hot summers, is something that cold beverage cup manufacturers are focusing on more and more. The market for cold beverage cups has grown due to this type of distinguishing feature, which protects the actual content of any cold beverage from temperature changes.
The Impact of Cold Beverage Cups Market
The expanding takeout culture has driven the demand for cold beverage cups. The popularity of cold beverage cups can also be related to the technology’s increasing effectiveness in keeping drinks cold for a certain amount of time while also being convenient and cost-effective when traveling.
The materials used to make cold beverage cups include glass, plastic, paper, and foam. Glass is the most frequently used to make cold beverage cups for hotels and restaurants. The outer surface of the cold beverage cup is made of paper, while the inside coating is made of plastic, thanks to the combination of paper and plastic.
Plastic cold beverage cups are commonly used in the fast food serving and takeaway food and beverage industries. In the production of cold beverage cups, PLA (Polylactic Acid) is the most frequently used plastic. Due to their disposability, PLA cold beverage cups are perfect for the environment and have no negative impact on human health.
Other plastics, including PP (Polypropylene) and PET (Polyethylene terephthalate,) are also used to produce single-use disposable cold beverage cups. However, PS (Polystyrene) is less frequently used to produce cold beverage cups due to its harmful effects on the environment and human health.
Since PLA cold beverage cups are non-toxic and emit fewer greenhouse gases than Styrofoam cold beverage cup, the market will be in demand due to the expanding fast food and takeaway food & beverage service industries worldwide. As a result, manufacturers have a high chance of entering the market for cold beverage cups.
Cold Beverage Cups Market- Regional Outlook
Given the growing trend of ordering takeout beverages, North America has the largest cold beverage cup market. Furthermore, with the rapid expansion of the market for beverage cups, the Asia-Pacific region is also following the fast food and takeout trend.
Germany is anticipated to have a lucrative market for cold beverage cups in the European region, and the reason behind it is because of the rigorous violations of the plastic restriction. Oceania is expected to rise in cold beverage cups thanks to the region’s environment.
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