Press release
Emerging Trends to Reshape the Cups And Lids Market: Sofi Introduces Eco-Friendly Cup Carrier Redefining Sustainable Packaging In The Cups And Lids Market as a Key Influencer
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Cups And Lids Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Recent years have seen robust growth in the cups and lids market size. It is projected to increase from $11.63 billion in 2024 to $12.69 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.1%. Factors contributing to this growth during the historical period include the move towards more mobile lifestyles, the surge in quick-service restaurants (QSRS), hygiene and convenience considerations, an intensified emphasis on branding and customization, and the enforcement of environmental regulations and recycling programs.
Cups And Lids Market Size Forecast: What's the Projected Valuation by 2029?
The market size for cups and lids is anticipated to witness substantial growth in the forthcoming years. It is projected to reach "$18.57 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 10.0%. Factors contributing to this growth during the forecast period are the increase in e-commerce and food delivery services, focus on environmentally friendly packaging solutions, personalization and branding opportunities, improvements in design and functionality, and regulatory initiatives to replace single-use plastics. Key trends projected for the forecast period include the use of sustainable materials, eco-friendly packaging, focus on maintaining safety and hygiene, designing packaging with convenience in mind, and technological advancements in printing and labeling.
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What Are the Drivers Transforming the Cups And Lids Market?
The escalating consumer preference for packaged food is likely to drive the expansion of the cups and lids market in the future. Enclosed food products, such as snacks and pre-packaged food items, and preserved, canned, frozen meats and vegetables are examples of packaged food. This form of packaging safeguards them from physical, chemical, and biological contamination. Cups and lids offer a sanitary packaging solution for food, ensuring freshness, minimizing waste, and improving the consumer experience, especially for single-serving sizes and consumption while on the move. For example, in October 2023, Agriculture and Agri-Food Canada (AAFC), confirmed that in 2022, exports of processed food and beverage products peaked at a record $54.3 billion, showing a hike of 14.1% from 2021. Hence, the surging demand for packaged food is a key factor pushing the growth of the cups and lids market.
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What Long-Term Trends Will Define the Future of the Cups And Lids Market?
The rising trend of product innovation is making significant strides in the cups and lids market. Major players in the market are focusing on creating groundbreaking products that incorporate top-notch materials, customizable appearances, enhanced functionality, and intelligent packaging. For example, SOFi, a US-based manufacturer of compostable paper SOFi Straws, introduced a fully biodegradable cup in July 2022 that eliminates the requirement for a plastic lid. The newly launched SOFi Cup Carrier comprises spunlace cotton- the same material used in flushable wipes. It's a recyclable, devoid of plastic and bioplastic cup that will naturally biodegrade in landfills, soil or marine environments within 180 days. Furthermore, it comes with four flaps that interlock to create a spill-proof lid, making it compatible with any of SOFi's paper straws, thus eradicating the need for a separate lid and helping businesses save resources.
Which Segments in the Cups And Lids Market Offer the Most Profit Potential?
The cups and lids market covered in this report is segmented -
1) By Product: Cups, Lids
2) By Raw Material: Plastic, Paperboard, Foam, Other Raw Materials
3) By Application: Food And Beverage, Food Services, Retail, Other Applications
Subsegments:
1) By Cups: Disposable Cups, Reusable Cups, Specialty Cups
2) By Lids: Disposable Lids, Reusable Lids, Specialty Lids
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Which Firms Dominate the Cups And Lids Market by Market Share and Revenue in 2025?
Major companies operating in the cups and lids market include Berry Global Inc., Greiner AG, Huhtamäki Inc., WinCup Inc., Graphic Packaging International Inc., Reynolds Consumer Products, Eco-Products Europe, Dart Container Corporation, Chengdu Anbao Paper Products Co. Ltd., Printpack Inc., CEE Schisler Packaging Solutions, Grupo Phoenix Capital Limited, Far East Cup Product (SZ) Co. Ltd., Guangzhou Kangbao Co. Limited, Konie Cups International Inc., Changzhou Huixin Industrial Co. Ltd., Kap Cones Private Limited, Genpak LLC, Solo Cup Operating Corporation, Mondi Group, Airlite Plastics Company, Michael Procos SA, BioPak, Paper Cup Company, Clondalkin Group Holdings BV, Pactiv LLC, Sabert Corporation, Anchor Packaging Inc., D&W Fine Pack LLC, Fabri-Kal Corporation, Inline Plastics Corp., LBP Manufacturing LLC, Novolex Holdings Inc., Placon Corporation, Sonoco Products Company, WNA Inc., Amhil Enterprises Ltd., Detpak Pty. Ltd.
Which Regions Offer the Highest Growth Potential in the Cups And Lids Market?
North America was the largest region in the cups and lids market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global cups and lids market report during the forecast period. The regions covered in the cups and lids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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