Cups and lids packaging refers to a system comprising containers and their corresponding covers, primarily used for storing and serving beverages and food items. This packaging solution is engineered to offer convenience, hygiene, and portability for both hot and cold drinks, as well as various types of foods.
The primary product categories in cups and lids packaging include cups and lids themselves. Cups are containers made from materials such as foam or polymer, designed primarily for holding beverages or food items, serving both single-use and reusable purposes. These containers are crafted from materials such as paper, plastic, and other substances, suitable for a variety of applications in both food and non-food sectors.
The cups and lids packaging market research report is one of a series of new reports that provides cups and lids packaging market statistics, including cups and lids packaging industry global market size, regional shares, competitors with a cups and lids packaging market share, detailed cups and lids packaging market segments, market trends, and opportunities, and any further data you may need to thrive in the cups and lids packaging industry. This cups and lids packaging research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cups and lids packaging market size has grown strongly in recent years. It will grow from $29.76 billion in 2023 to $32.19 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth observed in the historical period can be attributed to several factors, increased consumption of beverages, expansion of quick-service restaurants, the rise of single-serve and takeaway culture, growth in food delivery services, and increasing urbanization trends.
The cups and lids packaging market size is expected to see strong growth in the next few years. It will grow to $45.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The projected growth in the forecast period can be attributed to several factors, rising demand for personalized and tailored packaging solutions, increasing popularity of specialty beverages, growing emphasis on sustainability in packaging, expanding market for fast food, and heightened demand for eco-friendly cups and lids. Key trends expected in this period include advancements in technology, adoption of digital printing technologies, development of smart packaging solutions, utilization of biobased plastics, and innovation in lid designs.
The cups and lids packaging market is poised for growth driven by increasing demand in the food and beverage industry. Food and beverages encompass essential consumables, including both solid and liquid nourishment, sought after for sustenance and enjoyment. This industry's expansion is fueled by shifting consumer preferences, globalization, technological advancements, the rise of e-commerce, health and wellness trends, sustainability initiatives, and regulatory influences. Cups and lids packaging plays a crucial role within the food and beverage sector, enhancing convenience, safety, and customer satisfaction, while also providing opportunities for branding and promoting sustainability. For example, the Australian Bureau of Statistics reported in May 2021 that sales of food and non-alcoholic beverages reached 15.1 million tons in the fiscal year 2021-2022, marking a significant increase from 14.8 million tons in the previous fiscal year of 2020-2021. This underscores how the growing demand within the food and beverage industry is stimulating the cups and lids packaging market.
Key companies in the cups and lids packaging sector are focused on innovation, particularly in developing recyclable packaging solutions to maintain competitiveness. Recyclable packaging products are crafted from materials that can be efficiently collected, processed, and re-manufactured into new products, thus supporting environmental sustainability efforts and reducing waste. For instance, Novolex Holdings Inc., a leading US-based packaging company, introduced food packaging recyclable containers in August 2023. These containers are made from eco-friendly materials such as biodegradable plastics, recycled paper, and plant-based fibers, ensuring they can be easily recycled through standard systems. They are designed to preserve the freshness and quality of desserts and baked goods, offering moisture-resistant and airtight properties.
In October 2021, Pactiv Evergreen Inc., also based in the US, acquired Fabri-Kal Corporation for $380 million in cash to bolster its presence in the food packaging market. This strategic acquisition enhances Pactiv Evergreen's product portfolio and manufacturing capabilities within the disposable food service materials sector. Fabri-Kal Corporation specializes in innovative plastic cups, containers, and lids, aligning well with Pactiv Evergreen's expansion strategy.
Major companies operating in the cups and lids packaging market are International Paper Company, Berry Global Inc., Graphic Packaging International LLC, Georgia-Pacific Consumer Products LP, Pactiv LLC, Huhtamäki Oyj, Reynolds Consumer Products Inc., Dart Container Corporation, Novolex Holdings Inc., The Brakes Group Limited, Solo Cup Company, Fabri-Kal Corporation, Airlite Plastics Co., WinCup Holdings Inc., Printpack Inc., Lollicup USA Inc., Koch Industries Inc., Seda International Packaging Group S.p.A., Eco-Products Inc., Polar Plastics Corporation, Dopla S.p.A., Kent Paper Inc., R+R Packaging Ltd.
North America was the largest region in the cups and lids packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cups and lids packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cups and lids packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cups and lids Packaging market consists of sales of disposable cups, reusable cups, straws, insulated cups, and customized packaging. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The primary product categories in cups and lids packaging include cups and lids themselves. Cups are containers made from materials such as foam or polymer, designed primarily for holding beverages or food items, serving both single-use and reusable purposes. These containers are crafted from materials such as paper, plastic, and other substances, suitable for a variety of applications in both food and non-food sectors.
The cups and lids packaging market research report is one of a series of new reports that provides cups and lids packaging market statistics, including cups and lids packaging industry global market size, regional shares, competitors with a cups and lids packaging market share, detailed cups and lids packaging market segments, market trends, and opportunities, and any further data you may need to thrive in the cups and lids packaging industry. This cups and lids packaging research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cups and lids packaging market size has grown strongly in recent years. It will grow from $29.76 billion in 2023 to $32.19 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth observed in the historical period can be attributed to several factors, increased consumption of beverages, expansion of quick-service restaurants, the rise of single-serve and takeaway culture, growth in food delivery services, and increasing urbanization trends.
The cups and lids packaging market size is expected to see strong growth in the next few years. It will grow to $45.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The projected growth in the forecast period can be attributed to several factors, rising demand for personalized and tailored packaging solutions, increasing popularity of specialty beverages, growing emphasis on sustainability in packaging, expanding market for fast food, and heightened demand for eco-friendly cups and lids. Key trends expected in this period include advancements in technology, adoption of digital printing technologies, development of smart packaging solutions, utilization of biobased plastics, and innovation in lid designs.
The cups and lids packaging market is poised for growth driven by increasing demand in the food and beverage industry. Food and beverages encompass essential consumables, including both solid and liquid nourishment, sought after for sustenance and enjoyment. This industry's expansion is fueled by shifting consumer preferences, globalization, technological advancements, the rise of e-commerce, health and wellness trends, sustainability initiatives, and regulatory influences. Cups and lids packaging plays a crucial role within the food and beverage sector, enhancing convenience, safety, and customer satisfaction, while also providing opportunities for branding and promoting sustainability. For example, the Australian Bureau of Statistics reported in May 2021 that sales of food and non-alcoholic beverages reached 15.1 million tons in the fiscal year 2021-2022, marking a significant increase from 14.8 million tons in the previous fiscal year of 2020-2021. This underscores how the growing demand within the food and beverage industry is stimulating the cups and lids packaging market.
Key companies in the cups and lids packaging sector are focused on innovation, particularly in developing recyclable packaging solutions to maintain competitiveness. Recyclable packaging products are crafted from materials that can be efficiently collected, processed, and re-manufactured into new products, thus supporting environmental sustainability efforts and reducing waste. For instance, Novolex Holdings Inc., a leading US-based packaging company, introduced food packaging recyclable containers in August 2023. These containers are made from eco-friendly materials such as biodegradable plastics, recycled paper, and plant-based fibers, ensuring they can be easily recycled through standard systems. They are designed to preserve the freshness and quality of desserts and baked goods, offering moisture-resistant and airtight properties.
In October 2021, Pactiv Evergreen Inc., also based in the US, acquired Fabri-Kal Corporation for $380 million in cash to bolster its presence in the food packaging market. This strategic acquisition enhances Pactiv Evergreen's product portfolio and manufacturing capabilities within the disposable food service materials sector. Fabri-Kal Corporation specializes in innovative plastic cups, containers, and lids, aligning well with Pactiv Evergreen's expansion strategy.
Major companies operating in the cups and lids packaging market are International Paper Company, Berry Global Inc., Graphic Packaging International LLC, Georgia-Pacific Consumer Products LP, Pactiv LLC, Huhtamäki Oyj, Reynolds Consumer Products Inc., Dart Container Corporation, Novolex Holdings Inc., The Brakes Group Limited, Solo Cup Company, Fabri-Kal Corporation, Airlite Plastics Co., WinCup Holdings Inc., Printpack Inc., Lollicup USA Inc., Koch Industries Inc., Seda International Packaging Group S.p.A., Eco-Products Inc., Polar Plastics Corporation, Dopla S.p.A., Kent Paper Inc., R+R Packaging Ltd.
North America was the largest region in the cups and lids packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cups and lids packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the cups and lids packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The cups and lids Packaging market consists of sales of disposable cups, reusable cups, straws, insulated cups, and customized packaging. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Cups And Lids Packaging Market Characteristics3. Cups And Lids Packaging Market Trends And Strategies32. Global Cups And Lids Packaging Market Competitive Benchmarking33. Global Cups And Lids Packaging Market Competitive Dashboard34. Key Mergers And Acquisitions In The Cups And Lids Packaging Market
4. Cups And Lids Packaging Market - Macro Economic Scenario
5. Global Cups And Lids Packaging Market Size and Growth
6. Cups And Lids Packaging Market Segmentation
7. Cups And Lids Packaging Market Regional And Country Analysis
8. Asia-Pacific Cups And Lids Packaging Market
9. China Cups And Lids Packaging Market
10. India Cups And Lids Packaging Market
11. Japan Cups And Lids Packaging Market
12. Australia Cups And Lids Packaging Market
13. Indonesia Cups And Lids Packaging Market
14. South Korea Cups And Lids Packaging Market
15. Western Europe Cups And Lids Packaging Market
16. UK Cups And Lids Packaging Market
17. Germany Cups And Lids Packaging Market
18. France Cups And Lids Packaging Market
19. Italy Cups And Lids Packaging Market
20. Spain Cups And Lids Packaging Market
21. Eastern Europe Cups And Lids Packaging Market
22. Russia Cups And Lids Packaging Market
23. North America Cups And Lids Packaging Market
24. USA Cups And Lids Packaging Market
25. Canada Cups And Lids Packaging Market
26. South America Cups And Lids Packaging Market
27. Brazil Cups And Lids Packaging Market
28. Middle East Cups And Lids Packaging Market
29. Africa Cups And Lids Packaging Market
30. Cups And Lids Packaging Market Competitive Landscape And Company Profiles
31. Cups And Lids Packaging Market Other Major And Innovative Companies
35. Cups And Lids Packaging Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Cups And Lids Packaging Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on cups and lids packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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Description
Where is the largest and fastest growing market for cups and lids packaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cups and lids packaging market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Product Type: Cups; Lids2) By Material: Paper; Plastic; Other Materials
3) By Application: Food; Non-Food
Key Companies Mentioned: International Paper Company; Berry Global Inc.; Graphic Packaging International LLC; Georgia-Pacific Consumer Products LP; Pactiv LLC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.