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Cups and Lids Market 2018-2023 | Global Industry Overview By Size, Share, Trends, Segments, Regional Analysis and Leading Players - Georgia-Pacific, Clondalkin, Huhtamäki, Reynolds, PrintPack, Bemis, WinCup, Berry Global and International Paper
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.Global Cups & Lids Market To Witness Growth Due to Rising Demand for Convenient Healthy Snacks
Market Insights
The global cups and lids market is set to witness steady growth over the forecast period of 2017 to 2023 as per the latest report released by Market Research Future (MRFR). The cups & lids market is primarily driven by the burgeoning food & beverage industry, and these items are extensively used as non-reactive containers and innovative packaging for food and beverage items.
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Consumer preferences have changed drastically, and inclination towards specialty and packaged convenient food items have been observed, thus driving the use of cups and lids in the F&B sector. Rising disposable incomes, changing lifestyles and the demand for convenience have encouraged F&B market players to use cups and lids for individually packaged innovative single serve items. Packaging cups have gained immense popularity for snack food items, for example, a single serving of flavored yogurt with granola often comes with a lid that doubles as a miniature cup for the granola, so it does not become soggy. Moreover, cups and lids are widely used in packaging of take-out food in restaurants, coffee and tea shops, and others. Health conscious consumers with busy lifestyles show a strong preference for pre-packaged single serving fruit or yogurt which supports market growth. Rising investments in innovative and eco-friendly packaging in an effort to combat the concern raised by increased use o plastic is expected to facilitate growth.
Key Players
Huhtamäki Oyj Reynolds Group Holdings Limited, PrintPack Inc., Greiner Holding AG, WinCup, Solo Cup Operating Corporation, Georgia-Pacific LLC, Bemis Company Inc., Berry Global Inc., Clondalkin Group Holdings, International Paper Company, and Airlite Plastics Company are some of the prominent players included in MRFR's competitive analysis.
Latest Industry News
Tim Hortons has begun experimenting with environmentally friendly lids for its coffee cups in several of its locations. This change comes in light of growing environmental concerns combined with the desire to upgrade the old lids that were used.
Market Segmentation
The global cups & lids market is segmented on the basis of raw material, product, application, and region. By raw material, the market is divided into paperboard, plastic, and others. For cups, paper and paperboard are highly popular due to the rising concern for the environment which has reduced the use of styrofoam cups. increasing global restrictions by governments and pressure from environmental groups have restricted to the use of polystyrene foam disposable cups and lids.
By product, the market is divided between cups and lids.
By application, the market is segmented into foodservice, food & beverage, retail, and others.
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Regional Analysis
The Asia Pacific dominates the global cups & lids packaging market due to the presence of a massive population which make significant use of disposable cups and lids in cafes, foodservice, and others. The region has a rapidly growing F&B sector and transformative urbanization which has led to an increased demand for conveniently packaged single-serve food items. Cup noodles are among the most popular use of disposable cups in the region.
Meanwhile, North America, with its inclusion of the U.S where there is the significant manufacturing of individually packaged snack items and increased number of consumers who consume coffee and other beverages on the go is another significant market in the global cups & lids market. The US is projected to reach USD 9.6 Bn by 2020 as the present food trends favor conveniently packaged food items.
TABLE OF CONTENT
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
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
4 Market Dynamics
Continued.......
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
Continued.......
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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