Cups and Lids Market in US 2015-2019
About Cups and Lids
Cups and lids provide support, protection, and resistance to tampering. Cups and lids aid in the reliable distribution of beverages in the value chain and reduce post-production damage to F&B products. The different types of material used in the manufacture of cups and lids are plastic, paper and paperboard, metal, foil, and other materials. Vendors in the cups and lids market in the US are continually working toward inventing technologies and developing materials that can prevent contamination of dairy products in cups. The demand for cup and lid packaging is growing because of the increasing popularity of smaller multipacks.
Technavio's analysts forecast the cups and lids market in the US to grow at a CAGR of 4.88% percent over the period 2014-2019.
Covered in this Report
The cups and lids market in the US can be segmented into three based on the type of material, type of product, and end-user.
Technavio's report, Cups and Lids Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the cups and lids market landscape in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Cups and Lids Market in the US 2015-2019
Technavio recognizes the following companies as the key players in Cups and Lids Market in US 2015-2019: Georgia Pacific, Huhtamaki, Solo Cup, Sonoco and WinCup
Other Prominent Vendors in the market are: Consolidated Container, Eco-Products, Fabri-Kal, Genpak, International Paper, Letica, LidWorks, Lollicup, Pactiv, Plastipak Industries, Reynolds Group, Sweetheart Holdings, Total Packaging Solutions, Viora Lid, Wholepac and Wipak Group
Commenting on the report, an analyst from Technavio’s team said: “Biodegradable plastics are easily decomposed by microorganisms and are less toxic to the environment than conventional plastics. Biodegradable plastics are made from petrochemicals with biodegradable additives. The adoption of biodegradable materials such as polyvinyl alcohol, polyanhydrides, and polylactic acid by the manufacturers of cups and lids will reduce the market share of conventional plastics over the next few years. In addition, vendors are increasingly adopting biodegradable plastics as a substitute to avoid hefty penalties because of stringent environmental regulations.”
According to the report, demand for specialty beverages is increasing and is expected to become a stand-alone product in the market. Many restaurants and food stalls offer beer. For instance, in the US, restaurants such as Starbucks, Burger King, and Sonic serve beer. Growing health consciousness is expected to increase the consumption of beverages with fruits and vegetables during the forecast period. Hence, these factors have increased the demand for cups and lids in the US market.
Further, the report states that shortage of skilled labor hinders the growth of the cups and lids market in the US.
Georgia Pacific, Huhtamaki, Solo Cup, Sonoco, WinCup, Consolidated Container, Eco-Products, Fabri-Kal, Genpak, International Paper, Letica, LidWorks, Lollicup, Pactiv, Plastipak Industries, Reynolds Group, Sweetheart Holdings, Total Packaging Solutions, Viora Lid, Wholepac, Wipak Group