Cups & Lids Market Synopsis
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 single-cup brewing systems and cups for dairy products is experiencing a consider demand, the demand for premium yogurt packaging has increased.
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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.
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 and 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. )
- Berry Global Inc.(U.S.)
Global Cups & Lids market: Segmentation
On the basis of material type, the global market is split into paper & paperboard, plastic, metal, and others. Among other cup materials, the paper cups are experiencing the fastest growth, which reflects environmental concerns about foam cups, growing restrictions on polystyrene foam disposables, and increasing pressure from environmental groups. On the basis of the application, the global market is segmented into food & beverage, foodservice, retail, and other applications. Geographically, the global cups and lids market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa.
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.
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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Scope Of Report
The report for Global Cups & Lids Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economic and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table of Content
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat of New Entrants
3.1.2 Bargaining Power of Buyers
3.1.3 Bargaining Power of Suppliers
3.1.4 Threat of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/supply Chain Analysis
List of Tables
Table 1 Global Cups & Lids Market: by Region, 2017-2023
Table 2 North America Cups & Lids Market: by Country, 2017-2023
Table 3 Europe Cups & Lids Market: by Country, 2017-2023
Table 4 Asia-pacific Cups & Lids Market: by Country, 2017-2023
Table 5 Middle East & Africa Cups & Lids Market: by Country, 2017-2023
Table 6 Global Cups & Lids Market by Materials, by Regions, 2017-2023
Table 7 North America Cups & Lids Market by Materials, by Country, 2017-2023
Table 8 Europe Cups & Lids Market, by Materials, by Country, 2017-2023
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