Vending Cups Market Will be Valued at US$ 2,611 Mn by 2028

Vending Cups Market Will be Valued at US$ 2,611 Mn by 2028

PR Newswire

VALLEY COTTAGE, New York, December 10, 2018

VALLEY COTTAGE, New York, December 10, 2018 /PRNewswire/ --

Pegged at the global revenue of more than US$ 1.8 billion during the same period, revenues in the global vending cups market are a resultant of the increased 'on-the-go' consumption culture 

A recent analysis by Future Market Insights (FMI) on the global sales of vending cups forecasts a modest growth through 2019. However, the demand for vending cups is anticipated to remain rather sluggish through the 2028, considering recyclability questions associated with vending cups.

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"Plastic consumption has remained a critical issue, impacting the overall food chain and public health. However, several global initiatives are being taken by Governments- both in emerging and developed markets to reduce or completely eliminate the sales and consumption of single-use plastics-with a key focus on plastic cups, bags, and straws, amongst other commodities. Vancouver, for instance, in its effort to ban all solid waste by 2040, has banned plastic straws. The nation has also moved a motion-to be in effect from June, 2019-to ban the distribution of takeout containers and foam cups. India, in 2017, took a major step towards banning all forms of single-use plastic. European Union, too, through its new plans, is expected to reduce the consumption of single-use plastics and microplastics by 2030. FMI anticipates that growing public consciousness of sustainability and waste issues will remain a critical factor, suppressing the demand for vending cups. Such developments in the market could strike a significant blow to market growth, considering plastic still accounts for over 27% of the global vending cups market, by material", explains a senior research analyst at the company.

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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.

Other key insights from competitive landscape analysis include: 

Preview Analysis Global Vending Cups Market by Material Type ((Plastic, Polypropylene, Polyethylene, Polyamide, Bioplastics, PET, Others) Paper, Foam); by Capacity (Less than 7 Oz, 7 Oz to 9 Oz, 9 Oz to 12 Oz, More than 12 Oz); by Product Type (With Lid, Without Lid); by Molding Technology (Thermoformed Molding, Injection Molding); by Application (Cold Cups, Hot Cups):

Regional Insights from the Global Vending Cups Market Report 

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About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

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