About Cups and Lids-
Cups and Lids play a vital role in the food and beverages industry, enabling the safe and hygienic consumption of hot and cold beverages, including coffee, tea, soft drinks and more. They are available in various materials such as plastic, paperboard, catering to different preferences and industry requirement. Lids provide spill-proof and leak-proof features, ensuring convenience and portability for consumers. The rise in tea, coffee, and soft drinks consumption on account of a considerable increase in the population is one of the key factors catalyzing the demand for cups and lids globally.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Cups and Lids market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Cups and Lids market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Cups and Lids- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Solo Cup Operating Corporation (United States), WinCup Inc. (United States), Paper Cup Company (United Kingdom), Clondalkin Group Holdings (Netherland), Huhtamaki Oyj (Finland), Medac (Germany), Dart Container (United States), Reynolds Consumer Products (United States), Greiner Holding AG (Austria), International Paper Company (United States), Bemis Company Inc. (United States) and Airlite Plastics (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Stanpac Inc. (Canada), Simply Lids (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Cups and Lids- market by Type (-Cup Type (Disposable Cups, Reusable Cups, Insulated Cups, Non-Insulated Cups, Others) and -Lid Type (Disposable Lids, Reusable Lids, Insulated Bottle Lids, Others)), Application (Food & Beverages Industry, Healthcare, Retail, Hospitality and Others) and Region.
On the basis of geography, the market of Cups and Lids- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. -Online will boost the Cups and Lids- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Plastic will boost the Cups and Lids- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasingly offering customizable options for branding and customer experience.
Market Growth Drivers:
Increased demand for portable packaging solutions. and Increased demand for specialty drinks such as coffee and milkshakes.
Challenges:
The environmental impact of single use cups and lids.
Restraints:
Increasing consumer preference for reusable and sustainable alternative. and Fluctuating raw material prices.
Opportunities:
Development of new material with improved functionality such as temperature resistance.
Market Leaders and their expansionary development strategies
In October 2021, Pactiv Evergreen Inc., announced that its wholly-owned subsidiary, has completed its acquisition of Fabri-Kal, a leading manufacturer of foodservice and consumer brand packaging solutions. Fabri-Kal’s products include portion cups, lids, clamshells, drink cups and yogurt containers for the consumer packaged goods and industrial food markets. Approximately half of Fabri-Kal’s sales are generated from fully compostable packaging products or fully recyclable packaging products.
In October 2023, Berry Global has launched a new range of upmarket reusable plastic cups for the food service industry to meet increasing demand for alternative solutions to single-use packaging. The new drinking cups are exceptionally durable and have a reusable feel. All are dishwasher safe and have an inside stacking rim and ribs for with smooth curves for improved cleaning.
Key Target Audience
Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.