Vending Cups Market Size, Sales Analysis & Opportunity | FMI

The market for vending cups is anticipated to reach US$ 2.6 Billion by 2028 at a CAGR of 3.4% from US$ 2.1 Billion in 2022.

According to FMI, the market for vending cups generated US$2.05 billion in revenue in 2021. By the end of 2028, the global market for vending cups is anticipated to grow by 1.3 times its current market value. The top 3 nations are expected to have 39.9% of the global vending cup market share in 2022, as the demand for vending cups will increase.

According to recently revealed statistics from a market research of vending cups, the global sales of paper vending cups as a whole grew by 5.2% YoY in 2021 to reach US$ 1.2 Bn.

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In terms of value, FMI also forecast a dip in the Year-on-Year growth rate as more and more nations implement stringent laws circling ‘single-use plastic’ policy.
“Plastic consumption has remained a critical issue, impacting the overall food chain and public health.

However, several global initiatives are being taken by Governments- both in emerging and developed markets to reduce or completely eliminate the sales and consumption of single-use plastics-with a key focus on plastic cups, bags, and straws, amongst other commodities.

Vancouver, for instance, in its effort to ban all solid waste by 2040, has banned plastic straws. The nation has also moved a motion-to be in effect from June, 2019-to ban the distribution of takeout containers and foam cups. India, in 2017, took a major step towards banning all forms of single-use plastic. European Union, too, through its new plans, is expected to reduce the consumption of single-use plastics and microplastics by 2030.

FMI anticipates that growing public consciousness of sustainability and waste issues will remain a critical factor, suppressing the demand for vending cups. Such developments in the market could strike a significant blow to market growth, considering plastic still accounts for over 27% of the global vending cups market, by material”, explains a senior research analyst at the company.

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Strategy Analysis through Competition Tracking
The global vending cups market showcases an extremely fragmented-high competition landscape, with the small, tier-3 companies accounting for the largest market share. Tier 3 companies dealing in vending cups such as

• Dispo International,
• SwissPrimePack, and
• Benders Paper Cups

receive most of their revenue through aggressively defending their product portfolios.

Other key insights from competitive landscape analysis include:

Tier-3 companies in the global vending cups market account for a major share of the market, contributed to nearly 60 percent of the total global market share.
Tier-2 players, including RPC Tedeco Gizeh and International Paper Company, contributing, falling under the 1-2.5 percent revenue share bracket, are anticipated to account for nearly 16-20 percent of the total vending cups market
Tier-1 companies, Huhtamaki Oyj, Coveris Holdings S.A., New WinCup Holdings, Inc., and Nupik-flo UK Ltd.-sharing a revenue bracket of above 2.5 percent, are estimated to hold a total of 20-25 percent of the vending cups market share.

However, larger vending cups companies are projected to have relatively stronger clout with suppliers and therefore, less alarmed by the pricing issue than smaller operators, considering competitive pricing remains a vital factor for vending cups manufacturers

Vending Cups Market by Category

By Capacity:

• Less than 7 Oz.
• 7 Oz. to 9 Oz.
• 10 Oz. to 12 Oz.
• More than 12 Oz

By Material Type:

• Plastic
  • Polypropylene (PP)
  • Polyethylene (PE)
  • Polyamide (PA)
  • Bioplastics
  • Polyethylene Terephthalate (PET)
  • Others
• Paper
• Foam

By Product Type:

• With Lid Vending Cups
• Without Lid Vending Cups

By End Use:

• Carbonated Drinks
  • Soft Drinks
  • Sodas
• Non-carbonated Drinks
  • Dairy
  • Tea/Coffee
  • Juice

By End-user Base:

• Institutional
  • Educational Institutions (Schools and Colleges)
  • Public Institutions (Govt. Offices & Public Places)
  • Private Institutions
• Commercial Users
  • Quick Service Restaurants
  • Hotels
  • Cafes

By Molding Technology:

• Thermoformed
• Injection

By Application:

• Cold Cups
• Hot Cups