Global Reusable Coffee Cup Market Outlook 2031

The global reusable coffee cup market is likely to grow at a CAGR of 5.8% over the forecast period. Market generated a revenue of around USD 13,000 Million at the end of 2019 and is likely to produce revenue worth of nearly USD 25,000 Million by the end of 2031. The factors such as, increased tourism across the world, followed by growing usage of reusable cups is to propel the market growth. Moreover, rising need to reduce plastic waste generation is expected to boost the growth of reusable cup market.

The global reusable coffee cup market is segmented by applications into residential, office, travelling, hospitality and others. Residential segment is anticipated to garner the highest revenue of around USD 15,000 million by the end of 2031 by growing at a CAGR of 6.1% over the forecast period. Moreover, residential segment garnered a revenue of nearly USD 8,289.1 million in 2019.

On the basis of region, the global reusable coffee cup market is segmented into North America, Europe, Latin America, Asia-Pacific and Middle-east and Africa. The market in Europe collected the highest revenue of nearly USD 5,000 million in 2019. By the end of 2031, it is estimated to garner a revenue of about USD 9,000 million, by growing at the CAGR of 6.5% over the forecast period.

Some of the prominent industry leaders in the global reusable coffee cup market that are included in our report are Thermos L.L.C., GlobalWAKEcup, KeepCup, Circular&Co., Frank Green, Ecoffee Cup, Tread Light Ltd., Klean Kanteen, Tefal, Joco Cups, Keurig Green Mountain, Inc., YETI COOLERS, LLC. and others.