Cups and Lids Market Synopsis and Highlights, Key Findings, Major Companies Analysis and Forecast to 2021
Synopsis of the Global Cups and Lids Market
The market for cups and lids has been growing due to a rapid growth in the food & beverage packaging industry and food service industry. There has been a change in the preferences of the common people from regular to western food & beverage joints focusing on specialty beverages. This is backed by the increased investment in new technologies in global cups & lids market and increased awareness for health and fitness which has led to the growth of the global cups and lids market. The global cups and lids Market expected to grow at high CAGR from 2016 to 2021.
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Global cups and lids market is segmented on the basis of product type, material type, application and Region. On the basis of product type it is segmented as cups, lids and others. On the basis of Material type it is segmented as paper & paperboard, plastic, metal and others. On the basis of application it is segmented as food & beverage, foodservice, retail and others. Additionally on the basis of region, it is segmented as North America, Europe, APAC and Rest of the World.
Regional Analysis of Global cups and Lids Market
APAC dominates the global cups and lids market with its fast growing market worldwide. The reason is attributed to the expanding food & beverage industries in the region and the shift of consumer preferences to healthier and western food products. It will expand at moderate CAGR over the forecast period. North America, followed by APAC, is expected to grow rapidly and is projected to reach high value by 2021. Europe and Rest of the World are also expected to grow at high CAGR from 2016 to 2021.
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The key players of global cups and lids market report include- Georgia-Pacific, Clondalkin Group Holdings, Greiner Holding AG, Huhtamäki Oyj, Reynolds Group Holdings Limited, PrintPack Inc., Solo Cup Operating Corporation, Bemis Company, Inc., WinCup, International Paper Company, Airlite Plastics Company, Berry Plastics Group Incorporated, Chengdu Anbao Paper Group Company Limited, Constantia Flexibles Group GmbH, and Dart Container Corporation.
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