Cups and Lids Market Growing Technology Trends and Business Opportunities by 2025-Georgia-Pacific LLC, Clondalkin Group Holdings, Greiner Holding AG

Cups and Lids Market by Component, Application, Services, and Region- Forecast to 2025

The Global Cups and Lids Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Cups and Lids business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Cups and Lids worth chain and its wholesaler examination. Cups and Lids Market study gives extensive information which upgrades the agreement, degree, and use of this report.

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-Top Leading Companies of Cups and Lids Market are Georgia-Pacific LLC, Clondalkin Group Holdings, Greiner Holding AG, Huhtamaki Oyj, Printpack Inc., Solo Cup Operating Corporation, WinCup Inc., Graphic Packaging International LLC, Mondi Group, Airlite Plastics Company, Reynolds Consumer Products, Michael Procos SA, BioPak UK, Paper Cup Company, Greiner AG, ECO Products Europe, Brendos Ltd and others.

-Market Segmentation- Cups and Lids-

The cups and lids market was valued at USD 28.62 billion in 2019, and it is expected to reach USD 36.23 billion by 2025, at a CAGR of 4% over the forecast period 2020 - 2025.

-Industry News And Updates on Cups and Lids Market-

North America is Expected to Hold the Largest Market Share

- The North American region is witnessing food trends from the consumers that favor convenience and smaller packages for single servings and the growing focus on specialty beverages, which are driving the market growth in this region.

- Moreover, some additional factors fueling the market growth in this region includes the rapidly changing lifestyles of people, change in the food consumption habits, and the growing demand for a single serving, convenient packaging solution.

- The rapid expansion of the foodservice industry in this region is also expected to drive the demand for these products over the forecast period. According to the International Franchise Association, the number of quick-service restaurants franchise establishments in the United States reached 194,723 in 2018 as compared to 190,649 in 2017.

-Key Market Trends Cups and Lids Market-

Food Service Segment to Witness Significant Growth

- The past decade has witnessed a significant change within the foodservice industry as the consumers have shifted toward higher-quality food and convenience.

- Ongoing significant concerns, such as environmental and climate change issues, are becoming a major selling point for customers. Some major outlets across the world are choosing to create a zero-waste kitchen by avoiding disposables products and using innovative products that are recyclable, to use all parts of their food.

- The foodservice industry is one of the prominent end-user industries that hold a significant share in the cups and lids market. The growth of online food delivery services augmented the demand for food cups and portion cups. According to the US Census Bureau, the total foodservice sales in the United States amounted to USD 6.02 million.

-Competitive Landscape On Cups and Lids Market-

January 2020 - Huhtamaki acquired the assets and operations of Mohan Mutha Polytech Private Limited (MMPPL) in India. The acquisition is expected to speed up its growth in India by improving its capability to serve the customers in South India.

- Jul 2019 - Huhtamaki launched its new compostable Bioware impresso double-walled hot cup. This new cup in a mixed sleeve of white and green designs utilizes the unique Impresso bubble emboss, which provides better insulation and a tactile touch for the holder.

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