Market Overview:
The global multifunctional folding cup market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for convenience and portability in beverages, especially among the millennials. Additionally, the growing awareness about environmental concerns is also propelling the demand for reusable cups over disposable cups. Based on type, silicone cups are expected to witness highest growth during the forecast period owing to their high durability and resistance against heat and cold. Based on application, online sales are projected to grow at a higher rate as compared to offline sales due to increased penetration of internet and smartphones across regions.
Product Definition:
A Multifunctional Folding Cup is a cup that can be folded up and stored away when not in use. This is convenient because it does not take up a lot of space, and it can be brought with you wherever you go. The importance of Multifunctional Folding Cup is that it makes drinking easier because you do not have to hold the cup in your hand the entire time. It also prevents spills, because the cup will not fall over if you set it down.
Silicone Cup:
The silicone cup is a device that is used to collect liquid. It can be made of various materials such as glass, plastic or rubber and it can be filled with water, milk or other liquids. The most commonly used material for the production of these cups are high-density polyethylene (HDPE) and silicon (Si). The cup has an opening at the bottom through which the liquid can flow easily.
Plastic Cup:
Plastic cup is a kind of utensil which is widely used in various kinds of food service operations including restaurants, hotels, catering events and so on. It’s usage has been increasing multifunctionally due to its features such as lightweight, convenience and cost effectiveness among others. In addition, it can be customized according to the need which will boost the demand further.
Multifunctional folding cup market size was valued at USD 1.5 billion in 2016.
Application Insights:
The offline application segment dominated the global market in 2017. Offline beverages, particularly coffee and tea, are becoming increasingly popular as a result of their health benefits and increasing disposable income. Furthermore, the rising number of cafes and restaurants has fueled demand for these cups among consumers.
Online application is expected to be the fastest-growing segment over the forecast period owing to its growing use at sports events, music concerts, political gatherings or social programs where organizers require a specific type of beverage serving ware. The online application segment is also expected to witness significant growth due to its increasing use at food joints or eateries that serve alcoholic drinks along with non-alcoholic beverages such as snacks or meals. These multifunctional folding cup can be used both for hot & cold drinks as well as snacks & meals which will drive demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 owing to increasing demand for coffee and tea. The region is expected to maintain its dominance over the forecast period, with China being a major contributor. Growing health awareness among consumers is one of the key factors driving product demand in this region. Multifunctional folding cups are eco-friendly as they help reduce carbon footprint by eliminating disposable cups after use.
North America accounted for more than 20% share of global revenue in 2017 due to growing popularity of coffee and tea among millennials and adults alike, which has increased spending on these beverages significantly over the past few years.
Growth Factors:
- Increasing demand for multifunctional folding cups from the food and beverage industry as a result of their convenience and portability.
- Rising popularity of eco-friendly and sustainable products, which has led to an increase in demand for multifunctional folding cups made from biodegradable materials.
- Growing trend of on-the-go dining, which has fueled the demand for portable drinking vessels such as multifunctional folding cups.
- Proliferation of social media platforms and online food delivery services, both of which have increased awareness about the benefits of using multifunctional folding cups among consumers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Multifunctional Folding Cup Market Research Report
By Type
Silicone Cup, Plastic Cup, Paper Cup
By Application
Online, Offline
By Companies
DGHH, ME.FAN, Sillymann Silicone Folding Cup, MIOIM, Darunaxy, Shenzhen Kean Silicone Products, Zhejiang Bangda Antai Industrial, Crenics
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Multifunctional Folding Cup Market Report Segments:
The global Multifunctional Folding Cup market is segmented on the basis of:
Types
Silicone Cup, Plastic Cup, Paper Cup
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
Online, Offline
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:
- DGHH
- ME.FAN
- Sillymann Silicone Folding Cup
- MIOIM
- Darunaxy
- Shenzhen Kean Silicone Products
- Zhejiang Bangda Antai Industrial
- Crenics
Highlights of The Multifunctional Folding 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:
- Silicone Cup
- Plastic Cup
- Paper Cup
- By Application:
- Online
- Offline
- 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 Multifunctional Folding 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Multifunctional Folding Cup is a reusable cup that can be used for multiple purposes. It can be used as a drinking cup, travel mug, or bowl. The multifunctional design makes it easy to use and convenient for everyday use.
Some of the major players in the multifunctional folding cup market are DGHH, ME.FAN, Sillymann Silicone Folding Cup, MIOIM, Darunaxy, Shenzhen Kean Silicone Products, Zhejiang Bangda Antai Industrial, Crenics.
The multifunctional folding 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 Multifunctional Folding 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 Multifunctional Folding Cup Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Multifunctional Folding 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 Multifunctional Folding 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 Multifunctional Folding Cup Market Size & Forecast, 2020-2028
4.5.1 Multifunctional Folding Cup Market Size and Y-o-Y Growth
4.5.2 Multifunctional Folding Cup Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Silicone Cup
5.2.2 Plastic Cup
5.2.3 Paper Cup
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Online
6.2.2 Offline
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Multifunctional Folding 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 Multifunctional Folding 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Silicone Cup
9.6.2 Plastic Cup
9.6.3 Paper Cup
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 Market Size Forecast by Applications
9.10.1 Online
9.10.2 Offline
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Silicone Cup
10.6.2 Plastic Cup
10.6.3 Paper Cup
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 Market Size Forecast by Applications
10.10.1 Online
10.10.2 Offline
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Silicone Cup
11.6.2 Plastic Cup
11.6.3 Paper Cup
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 Market Size Forecast by Applications
11.10.1 Online
11.10.2 Offline
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Silicone Cup
12.6.2 Plastic Cup
12.6.3 Paper Cup
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 Market Size Forecast by Applications
12.10.1 Online
12.10.2 Offline
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Silicone Cup
13.6.2 Plastic Cup
13.6.3 Paper Cup
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) Market Size Forecast by Applications
13.10.1 Online
13.10.2 Offline
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 Multifunctional Folding Cup Market: Competitive Dashboard
14.2 Global Multifunctional Folding Cup Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DGHH
14.3.2 ME.FAN
14.3.3 Sillymann Silicone Folding Cup
14.3.4 MIOIM
14.3.5 Darunaxy
14.3.6 Shenzhen Kean Silicone Products
14.3.7 Zhejiang Bangda Antai Industrial
14.3.8 Crenics
