Insulated Cup Sleeves Market Size, Share & Growth Analysis to 2030

Global Insulated Cup Sleeves Market Size, Share, Trends, Industry Growth by Material (Kraft Paper, Coated Paper), by Capacity (12 OZ Cups, 16 OZ Cups, 20 OZ Cups, 22 OZ Cups, 24 OZ Cups), by End-Use, by Region, and Forecast to 2030

Report ID: RC152353 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: April 27th, 2023

The global insulated cup sleeves market size was valued at approximately USD 21 billion in 2022 and is expected to grow at a CAGR of around 5% during the forecast period from 2023 to 2030. The rising demand for convenience food products and growing emphasis on eco-friendly packaging solutions are some major factors driving the industry growth. Furthermore, the increasing popularity of coffee shops, growing disposable income, and innovation in design and customization are further anticipated to fuel the market over the forecast period.

Driving Factors

Growing demand for convenience: With an increase in the on-the-go lifestyle, the demand for insulated cup sleeves have risen. People prefer beverages in disposable cups with sleeves to keep their drinks hot or cold for a longer duration, making it convenient for them to carry and consume beverages.

Environment-friendly packaging: There is a growing concern about the use of plastic and non-recyclable materials for packaging. Insulated cup sleeves are eco-friendly and can be recycled, making them a preferred choice among consumers.

Increasing popularity of coffee shops: The popularity of coffee shops and cafes has increased in recent years, leading to a rise in demand for insulated cup sleeves for takeout beverages.

Rise in disposable income: Disposable income has increased worldwide, leading to a rise in the consumption of beverages. This, in turn, has led to an increase in demand for insulated cup sleeves.

Innovative designs and customization: Manufacturers are offering insulated cup sleeves with innovative designs and customization options to attract more consumers. This has resulted in a growing demand for personalized cup sleeves for events, promotional campaigns, and brand awareness.

Market Attributes:

Benchmark Year		2022
Market Size		~ USD 21 Billion in 2022
Market Growth (CAGR)		~ 5% (2023-2030)
Largest Market Share
Analysis Period		2020-2030
Market Players		Xuancheng Bo Site Commodity Co, KeepCup, Printed Cup Company, Huhtamaki Oyj, Graphic Packaging International, and Others

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Market Insights:

Global Insulated Cup Sleeves Market Analysis by Material

The global insulated cup sleeves market is bifurcated into material, capacity, end-use, and geography. The market can be analyzed by material, and the two significant types of materials used in insulated cup sleeves are Kraft paper and coated paper. Kraft paper sleeves are eco-friendly, cost-effective, and biodegradable, making them a popular choice in the market. Coated paper sleeves are also in demand, and they are known for their durability and resistance to moisture.

Global Insulated Cup Sleeves Market Analysis by End-Use

On the basis of end-use, the global insulated cup sleeves market is segmented into café and restaurants, household, institutes & offices, and others. The café and restaurant segment is expected to be the largest end-user segment as it includes coffee shops, fast-food chains, and other eateries that serve beverages in disposable cups with insulated cup sleeves. With the increasing popularity of coffee shops and fast food chains, there has been a rise in the demand for insulated cup sleeves in the café and restaurant segment.

Moreover, the COVID-19 pandemic has also resulted in the growth of the home delivery segment, leading to an increased demand for insulated cup sleeves for takeout orders. The household segment is also expected to witness significant growth in the coming years due to the increasing adoption of insulated cup sleeves for personal use at home or while traveling.

Institutes and offices are also potential end-users for insulated cup sleeves. Educational institutions, offices, and other workplaces often provide beverages to their employees or students, leading to a growing demand for insulated cup sleeves.

Café and Restaurants: This segment includes various cafes, coffee shops, and restaurants that use insulated cup sleeves to serve their customers’ hot and cold beverages. The increasing number of coffee shops and quick-service restaurants globally is expected to drive the demand for insulated cup sleeves.

Household: This segment includes individual consumers who use insulated cup sleeves at home to keep their beverages hot or cold for a longer duration. The rising awareness about the benefits of using insulated cup sleeves and the growing trend of at-home coffee consumption are expected to drive the demand in this segment.

Institutes & Offices: This segment includes various educational institutes, offices, and workplaces that use insulated cup sleeves to serve hot and cold beverages to their employees and students. The increasing number of workplaces and educational institutes globally is expected to drive the demand in this segment.

Others: This segment includes various other end-use industries such as hotels, hospitals, and airlines that use insulated cup sleeves to serve their customers. The increasing travel and tourism activities and rising demand for takeaway food and beverages are expected to drive the demand in this segment.

The insulated cup sleeves market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

2020-21 – Historical Year
2022 – Base Year
2023-2030 – Forecast Period

Market Segmentation:

By Material:

Kraft Paper
Coated Paper

By Capacity:

12 OZ Cups
16 OZ Cups
20 OZ Cups
22 OZ Cups
24 OZ Cups

By End-Use:

Cafe and Restaurants
Household
Institutes & Offices
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage

Geographically, the insulated cup sleeves market report comprises dedicated sections centering on the regional market revenue and trends. The insulated cup sleeves market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The insulated cup sleeves market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Insulated cup sleeves market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment

Some of the prominent market players operating in the global insulated cup sleeves market are Xuancheng Bo Site Commodity Co, KeepCup, Printed Cup Company, Huhtamaki Oyj, and Graphic Packaging International. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. For instance:

Huhtamaki announced its collaboration with Unilever’s Carte D’Or in February 2022 to promote the use of recyclable paper-based packaging by shifting the packaging for their ice cream to recyclable paper tubs and lids. The move is aimed at discontinuing the use of plastic and promoting sustainability. By opting for recyclable paper, the brand can eliminate over 900 tons of virgin plastic waste in the United Kingdom every year.
In April 2021, Graphic Packaging International, a major manufacturer of paperboard and paper-based packaging, introduced the “Hold&Go™” Insulated hot cups that utilize Thermal shield technology to provide excellent insulation, thereby improving the quality of insulated cup sleeves.
In 2019, Starbucks launched a new reusable cup with a specially designed insulated sleeve made from recycled materials. The cup sleeve featured a textured surface to improve grip and was available in four different colors.
In 2020, KeepCup, a reusable cup manufacturer, launched a range of insulated cup sleeves made from recycled cork. The sleeves were designed to fit the company’s standard-sized cups and featured a natural cork finish.
In 2020, Natura, a sustainable packaging company, launched a line of eco-friendly insulated cup sleeves made from bamboo and other natural fibers. The sleeves were designed to be reusable and biodegradable, offering a more sustainable alternative to traditional paper-based sleeves.

Key Companies:

Xuancheng Bo Site Commodity Co
KeepCup
Printed Cup Company
Huhtamaki Oyj
Graphic Packaging International
HÖRAUF
Seda Group
Benders Paper Cups
UFP Technologies, Inc.
Pacific Bag, Inc.
Genpak LLC

Key Questions Answered by Insulated Cup Sleeves Market Report

Global insulated cup sleeves market forecasts from 2023-2030
Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
Insulated cup sleeves submarket forecasts from 2023-2030 covering the market by material, capacity, end-use, and geography
Various industry models such as SWOT analysis, Value Chain Analysis about the market
Analysis of the key factors driving and restraining the growth of the global, regional, and country-level insulated cup sleeves markets from 2023-2030
Competitive Landscape and market positioning of the top 10 players operating in the market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Insulated Cup Sleeves Market Portraiture
2.2. Global Insulated Cup Sleeves Market, by Material, 2022 (USD Mn)
2.3. Global Insulated Cup Sleeves Market, by Capacity, 2022 (USD Mn)
2.4. Global Insulated Cup Sleeves Market, by End-Use, 2022 (USD Mn)
2.5. Global Insulated Cup Sleeves Market, by Geography, 2022 (USD Mn)

3. Global Insulated Cup Sleeves Market Analysis

3.1. Insulated Cup Sleeves Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. PESTLE Analysis
3.8. COVID-19 Impact Analysis

4. Global Insulated Cup Sleeves Market By Material, 2020 – 2030 (USD Mn)

4.1. Overview
4.2. Kraft Paper
4.3. Coated Paper

5. Global Insulated Cup Sleeves Market By Capacity, 2020 – 2030 (USD Mn)

5.1. Overview
5.2. 12 OZ Cups
5.3. 16 OZ Cups
5.4. 20 OZ Cups
5.5. 22 OZ Cups
5.6. 24 OZ Cups

6. Global Insulated Cup Sleeves Market By End-Use, 2020 – 2030 (USD Mn)

6.1. Overview
6.2. Cafe and Restaurants
6.3. Household
6.4. Institutes & Offices
6.5. Others

7. North America Insulated Cup Sleeves Market Analysis and Forecast, 2020 – 2030 (USD Mn)

7.1. Overview
7.2. North America Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
7.3. North America Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
7.4. North America Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
7.5. North America Insulated Cup Sleeves Market by Country, (2020-2030 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
7.5.1.2. U.S. Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
7.5.1.3. U.S. Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
7.5.2. Canada
7.5.2.1. Canada Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
7.5.2.2. Canada Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
7.5.2.3. Canada Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)

8. Europe Insulated Cup Sleeves Market Analysis and Forecast, 2020 - 2030 (USD Mn)

8.1. Overview
8.2. Europe Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
8.3. Europe Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
8.4. Europe Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
8.5. Europe Insulated Cup Sleeves Market by Country, (2020-2030 USD Mn)
8.5.1. Germany
8.5.1.1. Germany Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
8.5.1.2. Germany Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
8.5.1.3. Germany Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
8.5.2.2. U.K. Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
8.5.2.3. U.K. Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
8.5.3. France
8.5.3.1. France Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
8.5.3.2. France Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
8.5.3.3. France Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
8.5.4. Spain
8.5.4.1. Spain Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
8.5.4.2. Spain Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
8.5.4.3. Spain Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
8.5.5. Italy
8.5.5.1. Italy Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
8.5.5.2. Italy Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
8.5.5.3. Italy Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
8.5.6. Rest of Europe
8.5.6.1. Rest of Europe Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
8.5.6.2. Rest of Europe Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
8.5.6.3. Rest of Europe Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)

9. Asia Pacific Insulated Cup Sleeves Market Analysis and Forecast, 2020 - 2030 (USD Mn)

9.1. Overview
9.2. Asia Pacific Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
9.3. Asia Pacific Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
9.4. Asia Pacific Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
9.5. Asia Pacific Insulated Cup Sleeves Market by Country, (2020-2030 USD Mn)
9.5.1. China
9.5.1.1. China Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
9.5.1.2. China Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
9.5.1.3. China Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
9.5.2. Japan
9.5.2.1. Japan Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
9.5.2.2. Japan Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
9.5.2.3. Japan Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
9.5.3. India
9.5.3.1. India Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
9.5.3.2. India Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
9.5.3.3. India Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
9.5.4.2. Rest of Asia Pacific Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
9.5.4.3. Rest of Asia Pacific Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)

10. Latin America (LATAM) Insulated Cup Sleeves Market Analysis and Forecast, 2020 - 2030 (USD Mn)

10.1. Overview
10.2. Latin America Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
10.3. Latin America Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
10.4. Latin America Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
10.5. Latin America Insulated Cup Sleeves Market by Country, (2020-2030 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
10.5.1.2. Brazil Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
10.5.1.3. Brazil Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
10.5.2.2. Mexico Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
10.5.2.3. Mexico Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
10.5.3.2. Rest of Latin America Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
10.5.3.3. Rest of Latin America Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)

11. Middle East and Africa Insulated Cup Sleeves Market Analysis and Forecast, 2020 - 2030 (USD Mn)

11.1. Overview
11.2. MEA Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
11.3. MEA Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
11.4. MEA Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
11.5. Middle East and Africa Insulated Cup Sleeves Market, by Country, (2020-2030 USD Mn)
11.5.1. GCC
11.5.1.1. GCC Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
11.5.1.2. GCC Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
11.5.1.3. GCC Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
11.5.2.2. South Africa Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
11.5.2.3. South Africa Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA Insulated Cup Sleeves Market by Material, (2020-2030 USD Mn)
11.5.3.2. Rest of MEA Insulated Cup Sleeves Market by Capacity, (2020-2030 USD Mn)
11.5.3.3. Rest of MEA Insulated Cup Sleeves Market by End-Use, (2020-2030 USD Mn)

12. Company Profiles

12.1. Xuancheng Bo Site Commodity Co
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. KeepCup
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Printed Cup Company
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Huhtamaki Oyj
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Graphic Packaging International
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. HÖRAUF
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Seda Group
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Benders Paper Cups
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. UFP Technologies, Inc.
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Pacific Bag, Inc.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
12.11. Genpak LLC
12.11.1. Business Description
12.11.2. Financial Health and Budget Allocation
12.11.3. Product Positions/Portfolio
12.11.4. Recent Development
12.11.5. SWOT Analysis

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