Reusable Coffee Cup Market Scope
The proliferation of single-use goods in our everyday lives is one of the most visible manifestations of society's contemporary preoccupation with convenience. Single-use goods, such as plastic bags and disposable cutlery, are a wonderful example of our linear ‘take-make-dispose' economic paradigm in action. Growing tourism industry, backed by an increasing number of travellers worldwide, there is an increasing trend for the use of portable products, one of which is reusable coffee cup, as these cups are widely used for camping or adventurous activities, is expected to drive the growth of the global reusable coffee cup market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Thermos LLC (United States), GlobalWAKEcup (United Kingdom), KeepCup (Australia), Circular&Co. (United Kingdom), Frank Green Enterprises Pty Ltd (Australia), Ecoffee Cup SA (South Africa), Tread Light Ltd (Huskup) (United Kingdom), Klean Kanteen (China), Tefal (France) and Newell Brands (Contigo) (United States) |
CAGR | % |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States & Chinese Vendors will contribute to the maximum growth of Global Reusable Coffee Cup market throughout the predicted period.
Thermos LLC (United States), GlobalWAKEcup (United Kingdom), KeepCup (Australia), Circular&Co. (United Kingdom), Frank Green Enterprises Pty Ltd (Australia), Ecoffee Cup SA (South Africa), Tread Light Ltd (Huskup) (United Kingdom), Klean Kanteen (China), Tefal (France) and Newell Brands (Contigo) (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are J&L Enterprise (India), Shenzhen Kanghao Industrial Co.,Ltd (China), Atlantis Industry Group Co., Limited (China), Bense (Heibei) International Trading Co., Ltd. (China) and TRVST Ltd. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Reusable Coffee Cup market by Type , by Application (Leisure, Office, Travelling and Others) and Region with country level break-up.
On the basis of geography, the market of Reusable Coffee Cup has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
On 2nd September, 2020 - Costa Coffee and Barclaycard launched Contactless Reusable Clever Cup with Integrated Contactless Payment Technology. The New 'Clever Cup' Enables Customers to Make Purchases Using the Cup, Top Up Their Balance, And Follow Payments Online or Via a Customized App.
Influencing Trend:
Demand for Ceramic Based Coffee Cups and Growth in Online Sales
Market Growth Drivers:
Increasing Tourism Activities, Rising Sustainability Awareness and Stringent Recycle Regulations
Challenges:
Regulatory Compliance
Restraints:
Raw Material Price Fluctuation
Opportunities:
Increasing Adoption Across Western Regions
Key Target Audience
Reusable Coffee Cup Manufactures, New Entrants and Investors, Reusable Coffee Cup Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others