Beverage Coasters Market Is Ready to Make Waves: A Forecast for 2028 and Beyond | IMF study

| November 21, 2023 | Beverage | No Comments

Coasters, made from materials such as paper or foam, perform the essential function of absorbing excess water from cups and beer mugs, thereby protecting the surface of the tables.

These coasters also serve as advertising platforms, effectively promoting and protecting the brands of various companies, thereby improving their brand visibility.

Coaster construction involves the use of various materials including cardboard, tissue paper, and foam, and is expected to see a substantial increase during the forecast period 2022-2032.

The beer coaster market has seen notable growth in recent years, primarily fueled by its widespread adoption in the hospitality industry. Glass coasters featuring printed images of brands, sports franchises and advertisements are gaining ground, reflecting a current market trend. The growing consumption of beverages, attributed to the improved lifestyle of consumers around the world, is a key factor propelling the increased use of beer coasters.

The North American coaster market is poised to maintain its supremacy, exhibiting the highest revenue growth compared to other regions. Significant revenue growth is also expected in the India and China coaster markets.

Request a sample report here: https://www.futuremarketinsights.com/reports/sample/rep-gb-5733

Furthermore, the expansion of the coaster market in other parts of the Asia-Pacific region is expected, driven by increasing per capita disposable income and purchasing power of consumers. Latin America is poised to have a notable presence in the beer coasters market, showing substantial growth.

In the Middle East and Africa (MEA) region, the coasters market is expected to witness a substantial increase in revenue, mainly driven by sales in the GCC countries and South Africa.

Innovations that stimulate the market

THE Beverage Coasters Market continues to evolve, driven by technological advancements and consumer demands. Smart roller coasters, equipped with features like temperature control and built-in charging capabilities, are gaining ground. These innovations combine functionality with modern convenience, demonstrating the industry’s commitment to improving the user experience.

Key players:

Few key players in the coaster market are

  • The Katz Americas Group, Inc.,
  • Cangnan Global Gifts Co., Ltd.,
  • Roller coaster factory,
  • Yangjiang Zhixiang Industry & Commerce Co., Ltd.,
  • Guangzhou Artgift Trading Ltd.,
  • Shenzhen Longgang Jinweixin Silicone Products Factory, etc.

Global Beverage Roller Coaster – Market Dynamics

In recent years, the coaster market has seen notable growth due to its use in the hospitality industry. Nowadays, the trend of glass coasters printed with different images of brands, sports franchises and advertisements is gaining ground. Additionally, increasing beverage consumption due to improved consumer lifestyles is driving the growth of roller coaster usage across the world.

Additionally, the trend of drink coasters as decorative items is also increasing the preference for drink coasters. Additionally, the coaster market is restricted due to intense competition from local manufacturers across the globe.

Emerging Trends in Roller Coaster Design

As with any market, the beverage coaster market is not immune to trends and innovations. Let’s explore some of the recent developments in roller coaster design:

  • Natural materials: Coasters made from natural materials like stone, marble and bamboo are gaining popularity due to their eco-friendly appeal.
  • Personalization: Personalized coasters with personalized names, quotes or designs are a hit with consumers looking for unique options.
  • Technological integration: Some coasters now come with built-in features like wireless chargers, making them multifunctional.
  • Artistic expressions: Coasters featuring artwork, illustrations and pop culture references add an artistic touch to any table.

Regional overview

The global beverage coasters market can be divided into seven major regions which are as follows:

  • Latin America
  • Eastern Europe
  • North America
  • Middle East and Africa
  • Western Europe
  • Asia-Pacific excluding Japan
  • Japan

Ready to discover our approach? Discover our methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-5733

Market segmentation

On the basis of material type, the global beverage coaters market is segmented into:

  • Paper
  • Cardboard
  • Silk paper
  • Mousse
  • Glass
  • Others

On the basis of printing technology, the global beverage coating machine market is segmented into –

  • Digital printing
  • Offset printing
  • Flexography printing
  • Gravure printing
  • Print Screen
  • Others (Typography, etc.)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR Certified, Stevie Award Recipient and Member of the Greater New York Chamber of Commerce) provides in-depth insight into the driving factors driving market demand. FMI is the leading global provider of market intelligence, advisory services, advisory services and events for the packaging, food and beverage, consumer, technology, health, industry and chemicals. With an extensive team of more than 5,000 analysts worldwide, FMI provides global, regional and local expertise on diverse areas and industry trends in more than 110 countries.

Contact us:

Nandini Singh Sawlani

Future Market Outlook Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, United States
Such. : +1-845-579-5705
For sales inquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | Youtube

Related Posts

Leave a Reply