Vending Cups Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024
Vending Cups Market: Overview
The manufacturers of the vending cups are producing vending cups of superior quality in order to avoid the jamming in a complex completely automatic vending machine. The vending cups are considered as modern holding solution as it offers better gripping. The lightweight nature and the other physical attributes of the vending cups make them the supreme choice.
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Vending Cups Market: Facts
The Benders have been manufacturing the vending cups for over 30 years. The development of the Mixed Sleeve cups is getting increasingly popular due to the speckled designs that keep the users interested in the cup that they receive while delivering a new different message each time.
Vending Cups Market: Segmentation
The global vending cups market is fragmented into its material type, size, and end use. Based on the type of the material, the global market is segregated into foam, paper, and plastic. The plastic segment of the vending cups is sub-segmented into polyamide, polyethylene, and polypropylene. Based on the size, the market is categorized into more than 20 oz, 15–20 oz, 12–15 oz, and 8–12 oz. Based on the end-use, the market is divided into hot-cup beverages which include tea, water, coffee, and hot chocolate, and cold-cup beverages which include juice and sodas.
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Vending Cups Market: Growth Factors
The increasing rate of development of the coffee houses is the major factor that is increasing the demand for the vending cups. The change in the lifestyle of the people is one of the major factors that have increased the number of the coffee shops and cafes. Another factor that supports the growth of the vending cups market is that the vending cups can be recycled and hence are eco-friendly. There has been an increase in the health concerns that are related to the packaging materials such as plastic, thus people are inclining more towards the paper made vending cups. The increasing spending power of the middle-class population favors the growth of the vending cups market. The factor that is restraining the growth of the vending cups market is the availability of the cheaper substitutes in the market.
Vending Cups Market: Regional Analysis
The main regions where the vending cups market is diversified includes North America, Western Europe, Asia Pacific, Eastern Europe, Latin America, and the Middle East and Africa. North America is expected to dominate the vending cups market followed by Europe. The factor that there is an increased consumption of coffee house products increases the demand for the vending cups in these regions.
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Vending Cups Market: Competitive Players
The key market players that are involved in the vending cups market include RPC Tedeco-Gizeh S.A.S, SwissPrimePack AG, 4 Aces Ltd., Wuhan Measy Industry and Trade Co., Ltd., Hosti International GmbH., Golden Paper Cup Manufacturing Co. LLC, Huhtamaki Oyj, Regalzone LLP, Dispo International, The Paper Cup Company, Hangzhou Renmin New Packaging Material Co., Ltd, Benders Paper Cups, and others.
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