USD 30.3 Billion Global Cup Sleeves Market Anticipated to Grow at 4.2% CAGR Over 2024-2030
The Global Cup Sleeves Market size was valued at around USD 30.3 billion in 2023 and is projected to grow at a CAGR of around 4.2% during the forecast period of 2024-30, cites MarkNtel Advisors in the recent research report. This is because of the rising demand for Cup Sleeves from the food service industry. Customers who are not comfortable with holding hot beverages require cup sleeves. Cup sleeves are generally used as an insulator which helps protect conveniently from hot beverages. This results in rising the requirement for cup sleeves in the global market. Along with this, most takeaway orders, home delivery platforms, and restaurants use cup sleeves for their customers. Along with this, several companies use cup sleeves for brand promotion to influence the growth of the market. Furthermore, nowadays the growing awareness of environmental aspects favors the requirements for recyclable cup sleeves. This results in higher demand for paper cup sleeves, which ultimately augme