Research Nester has released a report titled “ Reusable Coffee Cup Market — Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global reusable coffee cup market in terms of market segmentation by product build material type, application, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global reusable coffee cup market is segmented by product build material type into bamboo, stainless steel, glass, plastic, recycled paper, ceramic and others, out of which, the stainless steel segment is anticipated to hold the largest market share owing to the growing trends of using stainless steel thermal products on the back of greater cost efficiency and lower impact on the health, and the lower thermal conductivity properties of the various grades of stainless steel, that makes it applicable to be used widely 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.
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The global reusable coffee cup market is expected to grow with a significant CAGR throughout the forecast period, i.e. 2020–2028. Increasing demand for coffee around the world, increasing trade of coffee and the growing environmental concerns developed from single use wastes from different end user industries are some of the factors anticipated to drive the growth of the global reusable coffee cup market. In the statistics by the International Trade Centre, exports of coffee around the world peaked to USD 32.49 million in the year 2017 from USD 30.37 million in the year 2015.
Regionally, 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. Among these regions, the market in Europe is anticipated to hold the largest market share on the back of increasing number of cafes and coffee focused shops that sell coffee, presence of coffee drinking culture backed by the availability of a wide range of coffee varieties, and presence of a large number of tourists that promote drinking coffee, which in turn is anticipated to raise the demand for the use of reusable products.
Such factors are anticipated to drive the growth of the market in the Europe. In the statistics by Euromonitor International, total number of cafes in the region constituted to 343,815 numbers and coffee focused shops constituted to 20,591 in the year 2018.
Growing Concern for Environmental Wastes Generated From Single Use Disposables
Single use disposables generated from various end user industries have generated a big concern for government of nations around the world as these wastes cause several impacts to the environment and are used widely or landfills or polluting the environment in one way or the other. As such, the government of nations around the world along with the environment regulatory bodies have raised the necessity to limit the use of single use disposables, which is anticipated to drive the growth of the global reusable coffee cup market.
On the other hand, with the growing tourism industry, backed by the increasing number of travelers worldwide, there is an increasing trend for the use of products that are portable, one such being reusable coffee cup, as these cups are widely used for camping or adventurous activities. Moreover, with the advancement in material technology, thermal properties of the metals used in the manufacturing of these products are increasing, which is also anticipated to drive the growth of the global reusable coffee cup market.
However, concern for the lack of stringent environmental norms that promote use of reusable products instead of single use products and the lack of awareness for reusable coffee cups are some of the factors anticipated to restrain the growth of the global reusable coffee cup market.
This report also provides the existing competitive scenario of some of the key players of the global reusable coffee cup market, which includes company profiling of Thermos LLC, GlobalWAKEcup, KeepCup, Ashortwalk Ltd. (rCUP), Frank Green Enterprises Pty Ltd, Ecoffee Cup SA, Tread Light Ltd (Huskup™), Klean Kanteen, Tefal (EPA: SK) and Newell Brands (Contigo) (NASDAQ: NWL).
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The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global reusable coffee cup market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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