Market Overview:
The global double wall insulated hot cup market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hot beverages and rising awareness about the benefits of using double wall insulated cups. Based on type, the global double wall insulated hot cup market can be segmented into cups with cover and without cover. Cups with cover are expected to dominate the market during the forecast period as they provide better insulation and prevent spillage of coffee or tea. Based on application, the global double wall insulated hot cup market can be segmented into beverage shops, restaurants, fast food shops, delivery services, and personal family use. Beverage shops are expected to account for a major share of the global double wall insulated hot cup market in 2018 owing to rising demand for coffee and tea across different regions.
Product Definition:
A double wall insulated hot cup is a type of beverage container that has two layers of insulation between the interior and exterior walls. This helps to keep the drink warm for longer periods of time, and can also help to prevent burns from hot beverages.
With Cover:
With cover is a device that is used to keep the hot drinks warm and cold drinks cold in insulated cups. It's basically an insulating layer that goes over the top of the cup, it works by creating a vacuum between your drink and the lid which prevents heat from coming out or going in. The product has been around for quite some time but only recently have they started gaining popularity among consumers due to their convenience and ease of use.
Without Cover:
The without cover is a type of construction used in the double wall insulated hot cup market. It helps to keep the heat inside the cups instead of allowing it to escape into space, which results in increased efficiency and better performance. The product is made from materials such as foam, fiberglass or other insulating materials that help retain heat within its structure.
It has various benefits including cost savings, enhanced energy efficiency.
Application Insights:
The beverage shop application segment led the market and accounted for more than a 29% share of the global revenue in 2017. This is attributed to rising demand for cold drinks, such as iced tea, coffee, smoothies and shakes on a hot day. Furthermore, fast food shops are also increasingly adopting double-walled insulated cups due to high product visibility at retail stores and restaurants. Delivery service providers are another key segment within the global market owing to increasing consumer preference for online food ordering services over conventional methods.
Regional Analysis:
Europe dominated the global double wall insulated hot cup market in 2017 owing to high demand for insulated products. Increasing number of cafes and food delivery services in countries such as U.K., Germany, France, Italy and Spain is expected to drive the regional market over the forecast period. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 due to increasing per capita spending power among consumers, rising number of restaurants and hotels across countries such as China, India, Japan and Thailand will boost product sales over next seven years. Moreover Hotels Corporation of India has started a scheme named “Hospitality for Health†which encourages people from different fields including tourism industry contribute towards improving healthcare facilities in rural areas by providing better medical insurance coverage under this scheme hotel owners are also encouraged provide free accommodation i.
Growth Factors:
- Increasing demand for hot beverages: The global demand for hot beverages is increasing due to the changing lifestyle and growing working population. This is expected to drive the growth of the double wall insulated hot cup market during the forecast period.
- Rising disposable income: The rising disposable income of consumers is leading to an increase in their spending on premium products, which is expected to boost the growth of the double wall insulated hot cup market during the forecast period.
- Growing awareness about health benefits of consuming hot beverages: There is a growing awareness among consumers about health benefits associated with drinking warm or hot beverages, such as prevention from diseases like cancer and heart disease. This is anticipated to fuel demand for double wall insulated cups in order to maintain beverage temperature for a longer time period, thereby propelling market growth over the forecast period.
- Technological advancements: Manufacturers are focusing on developing innovative technologies that can improve thermal insulation properties of cups, thus enhancing user experience and driving market growth overthe forecast period . For instance, Thermos has developed a technology called “vacuum insulation” that helps keep drinks cold or warm for up to 24 hours without any external cooling or heating source . Such technological advancements are likelyto spur adoptionofdoublewallinsulatedhotcupsamongconsumersin thenearfutureanddrivemarketgrowthduringtheforecastperiod .
Scope Of The Report
Report Attributes
Report Details
Report Title
Double Wall Insulated Hot Cup Market Research Report
By Type
With Cover, Without Cover
By Application
Beverage Shop, Restaurant, Fast Food Shop, Delivery Service, Personal Family
By Companies
Anchor Packaging (Hermann Companies, Inc.), Huhtamaki, Dart Container, Seda Group, Graphic Packaging, SCHISLER, Duni, AR Packaging, Medac, Formacia, LARIPLAST, Paper Cup Company, Scyphus
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
185
Number of Tables & Figures
130
Customization Available
Yes, the report can be customized as per your need.
Global Double Wall Insulated Hot Cup Market Report Segments:
The global Double Wall Insulated Hot Cup market is segmented on the basis of:
Types
With Cover, Without Cover
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Beverage Shop, Restaurant, Fast Food Shop, Delivery Service, Personal Family
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Anchor Packaging (Hermann Companies, Inc.)
- Huhtamaki
- Dart Container
- Seda Group
- Graphic Packaging
- SCHISLER
- Duni
- AR Packaging
- Medac
- Formacia
- LARIPLAST
- Paper Cup Company
- Scyphus
Highlights of The Double Wall Insulated Hot Cup Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- With Cover
- Without Cover
- By Application:
- Beverage Shop
- Restaurant
- Fast Food Shop
- Delivery Service
- Personal Family
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Double Wall Insulated Hot Cup Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Double wall insulated hot cups are a thermal container made of two layers of insulation. The outer layer is made from polypropylene, which is a thermoplastic material that can withstand high temperatures. The inner layer is made from foam, which helps to insulate the drink and keep it warm.
Some of the key players operating in the double wall insulated hot cup market are Anchor Packaging (Hermann Companies, Inc.), Huhtamaki, Dart Container, Seda Group, Graphic Packaging, SCHISLER, Duni, AR Packaging, Medac, Formacia, LARIPLAST, Paper Cup Company, Scyphus.
The double wall insulated hot cup market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Double Wall Insulated Hot Cup Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Double Wall Insulated Hot Cup Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Double Wall Insulated Hot Cup Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Double Wall Insulated Hot Cup Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Double Wall Insulated Hot Cup Market Size & Forecast, 2018-2028
4.5.1 Double Wall Insulated Hot Cup Market Size and Y-o-Y Growth
4.5.2 Double Wall Insulated Hot Cup Market Absolute $ Opportunity
Chapter 5 Global Double Wall Insulated Hot Cup Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Double Wall Insulated Hot Cup Market Size Forecast by Type
5.2.1 With Cover
5.2.2 Without Cover
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Double Wall Insulated Hot Cup Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Double Wall Insulated Hot Cup Market Size Forecast by Applications
6.2.1 Beverage Shop
6.2.2 Restaurant
6.2.3 Fast Food Shop
6.2.4 Delivery Service
6.2.5 Personal Family
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Double Wall Insulated Hot Cup Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Double Wall Insulated Hot Cup Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Double Wall Insulated Hot Cup Analysis and Forecast
9.1 Introduction
9.2 North America Double Wall Insulated Hot Cup Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Double Wall Insulated Hot Cup Market Size Forecast by Type
9.6.1 With Cover
9.6.2 Without Cover
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Double Wall Insulated Hot Cup Market Size Forecast by Applications
9.10.1 Beverage Shop
9.10.2 Restaurant
9.10.3 Fast Food Shop
9.10.4 Delivery Service
9.10.5 Personal Family
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Double Wall Insulated Hot Cup Analysis and Forecast
10.1 Introduction
10.2 Europe Double Wall Insulated Hot Cup Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Double Wall Insulated Hot Cup Market Size Forecast by Type
10.6.1 With Cover
10.6.2 Without Cover
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Double Wall Insulated Hot Cup Market Size Forecast by Applications
10.10.1 Beverage Shop
10.10.2 Restaurant
10.10.3 Fast Food Shop
10.10.4 Delivery Service
10.10.5 Personal Family
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Double Wall Insulated Hot Cup Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Double Wall Insulated Hot Cup Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Double Wall Insulated Hot Cup Market Size Forecast by Type
11.6.1 With Cover
11.6.2 Without Cover
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Double Wall Insulated Hot Cup Market Size Forecast by Applications
11.10.1 Beverage Shop
11.10.2 Restaurant
11.10.3 Fast Food Shop
11.10.4 Delivery Service
11.10.5 Personal Family
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Double Wall Insulated Hot Cup Analysis and Forecast
12.1 Introduction
12.2 Latin America Double Wall Insulated Hot Cup Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Double Wall Insulated Hot Cup Market Size Forecast by Type
12.6.1 With Cover
12.6.2 Without Cover
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Double Wall Insulated Hot Cup Market Size Forecast by Applications
12.10.1 Beverage Shop
12.10.2 Restaurant
12.10.3 Fast Food Shop
12.10.4 Delivery Service
12.10.5 Personal Family
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Double Wall Insulated Hot Cup Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Double Wall Insulated Hot Cup Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Double Wall Insulated Hot Cup Market Size Forecast by Type
13.6.1 With Cover
13.6.2 Without Cover
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Double Wall Insulated Hot Cup Market Size Forecast by Applications
13.10.1 Beverage Shop
13.10.2 Restaurant
13.10.3 Fast Food Shop
13.10.4 Delivery Service
13.10.5 Personal Family
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Double Wall Insulated Hot Cup Market: Competitive Dashboard
14.2 Global Double Wall Insulated Hot Cup Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Anchor Packaging (Hermann Companies, Inc.)
14.3.2 Huhtamaki
14.3.3 Dart Container
14.3.4 Seda Group
14.3.5 Graphic Packaging
14.3.6 SCHISLER
14.3.7 Duni
14.3.8 AR Packaging
14.3.9 Medac
14.3.10 Formacia
14.3.11 LARIPLAST
14.3.12 Paper Cup Company
14.3.13 Scyphus
