Cups and Lids Market Research Report - Forecast to 2023

Cups and Lids Market Research Report By
Forecast To 2023
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Cups and Lids Market Forecast To 2023
Global Cups & Lids Market: By Raw Material (Plastic, Paperboard, and others), Products (Cups and lids),
Application (Food & Beverage, Foodservice, Retail, and others), and Region - Forecast 2017-2023
The demand for food packaging has increased due to consumers’ inclination towards the specialty & processed food and
advanced food packaging material. Thus, the increased demand for packaged food and food trends, which favor
convenience and smaller portions of products has transofromed the packaging industry to some extent. Manufacturers are
concentrating on developing recycled and biodegradable materials as well as various other packaging materials, which can
prevent the products contamination and increase the shelf life of the product. Moreover, different designs and shapes of
packaging such as cartoon designs, logo printed, designs of coffee, tea or any other beverage significantly impact the
purchase decisions of consumers, which is likely to affect the market growth positively.
Packaging cups have gained considerable attention and become more common choice for snack. Additionally, portable and
pre-packaged nature of packaged products are some of the factors, which drive the market growth. This, in turn, affect
revenues of food producers positively as well as allowing items to sold at a premium price. Since the popularity of singlecup brewing systems and cups for dairy products is experiencing a consider demand, the demand for premium yogurt
packaging has increased.
Rapid growth in the food & beverage packaging such as coffee, hot drinks, milk and dairy products, sports and energy
drinks, and alcoholic drink has boosted the demand for the cups and lids. The growing demand for cups and lids is driven by
the changing lifestyle and economic growth, which leads the fast food services market further. Additionally, rising
investments for developing innovative packaging is further accelerating the growth of the global cups and lids market.
Cups and lids are used in the foodservice market, mainly in the quick service restaurants, coffee houses, and ice cream
shops. The popularity for health benefiting products is increasing such as yogurt and fruits, which are often packaged in
plastic portion cups.
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Cups and Lids Market Forecast To 2023
Market Segmentation
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Cups and Lids Market Forecast To 2023
Convenience is likely to be a key feature
The takeaway cups are convenient to use and carry. The foodservice industry is projected to continue leading the demand
for cups due to their lightweight. It is one of the best choices to support environment-friendly products and avoid carrying
heavy products.
Environmental deterioration with global warming condition is influencing to use eco-friendly products. These cups are
produced by using biodegradable or recyclable materials such as pulp extracted from the trees and water.
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Regional Analysis
On the regional basis, the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa.
Geographically, Asia Pacific expected to dominate the global Cups & Lids packaging market with the largest market share.
Whereas, the U.S. cups and lids market is projected to reach USD 9.6 billion by 2020. Food trends that favor convenience
and smaller packs and growing focus on specialty beverages are driving the regional market growth.
A number of initiatives across the globe favor the use of traditional cups and glasses. Moreover, increasing sale of food and
beverage in restaurants and retail stores, increasing the percentage of drinking cups that are utilizing lids. These are some
of the key factors, which push the market growth further.
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Cups and Lids Market Forecast To 2023
Key Players
Market Research Future has recently published a meticulous study report giving out the complete market insight up till
2023. According to which, continuing with the same trends the global cups and lids market is projected to perceive an
outstanding growth by 2023 registering a striking CAGR during the anticipated period (2017 – 2023).
Some of the major player operating in the global cups & lids market are Georgia-Pacific LLC (U.S.), Clondalkin Group
Holdings (The Netherlands), Greiner Holding AG , Huhtamäki Oyj Reynolds Group Holdings Limited, PrintPack Inc. (U.S.),
Solo Cup Operating Corporation (U.S.), Bemis Company, Inc.(U.S.), WinCup (U.S.), International Paper Company (U.S.), Airlite
Plastics Company (U.S. ), and Berry Global Inc.(U.S.)
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The demand for food packaging has increased due to consumers’ inclination towards the specialty & processed food and advanced food packaging material. Thus, the increased demand for packaged food and food trends, which favor convenience and smaller portions of products has transofromed the packaging industry to some extent. Manufacturers are concentrating on developing recycled and biodegradable materials as well as various other packaging materials, which can prevent the products contamination and increase the shelf life of the product. Moreover, different designs and shapes of packaging such as cartoon designs, logo printed, designs of coffee, tea or any other beverage significantly impact the purchase decisions of consumers, which is likely to affect the market growth positively. Report Sample @ https://www.marketresearchfuture.com/sample_request/1257

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