Cups And Lids Global Market Report 2024

Description

“Cups And Lids Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on cups and lids 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.

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Measure the impact of high global inflation on market growth.
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Where is the largest and fastest growing market for cups and lids? 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 market global report ” from The Business Research Company 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.

Scope

Markets Covered:

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
Companies Mentioned: Berry Global Inc.; Greiner AG; Huhtamaki Inc.; WinCup Inc.; Graphic Packaging International Inc.
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 segmentations: 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.

Executive Summary

Cups serve as cylindrical containers with open tops and sealed bottoms, specifically designed to contain liquids, whereas lids function as protective covers placed over cups to mitigate spills and leaks.

The primary product categories within this domain include cups and lids. Cups are specialized containers tailored for liquid containment, typically characterized by a compact size, handle, and open top, reminiscent of a bowl. They are predominantly utilized for transporting and storing various liquids, including but not limited to, coffee, juices, and soups. The manufacturing of these items predominantly relies on materials such as plastic, paperboard, foam, among others. These cups find applications across diverse sectors, encompassing food and beverage, food services, retail, and other related industries.

The cups and lids market research report is one of a series of new reports from The Business Research Company that provides cups and lids market statistics, including cups and lids industry global market size, regional shares, competitors with a cups and lids market share, detailed cups and lids market segments, market trends, and opportunities, and any further data you may need to thrive in the cups and lids industry. This cups and lids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cups and lids market size has grown strongly in recent years. It will grow from $10.78 billion in 2023 to $11.7 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The expansion observed during the historic period can be attributed to several factors, including a shift towards on-the-go lifestyles, the proliferation of quick-service restaurants (QSRs), considerations of convenience and hygiene, an increased focus on branding and customization, as well as the influence of environmental regulations and recycling initiatives.

The cups and lids market size is expected to see strong growth in the next few years. It will grow to $16.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The anticipated growth in the forecast period can be attributed to the increasing trends in e-commerce and food delivery, a heightened emphasis on sustainable packaging solutions, greater opportunities for customization and branding, advancements in design and functionality, and regulatory initiatives pushing for alternatives to single-use plastics. Key trends expected during this period encompass the adoption of sustainable materials and eco-friendly packaging, continued focus on customization and branding opportunities, an increased emphasis on safety and hygiene in packaging design, the pursuit of convenience-oriented packaging design, and ongoing technological innovations in printing and labeling.

The anticipated growth in the cups and lids market is driven by the increasing demand for packaged food. Packaged food involves enclosing food products to safeguard them from tampering or contamination, encompassing various items such as snacks, pre-packaged food, preserved meats, and frozen vegetables. Cups and lids play a crucial role in providing hygienic packaging solutions for food items, contributing to the preservation of freshness, waste reduction, and an enhanced customer experience, particularly in single-serve sizes and for on-the-go consumption. As an illustration, the projected retail sales of packaged foods in Japan are expected to reach $235.9 billion by 2026, reflecting a 9.1% increase or $19.6 billion from 2022. This underscores the significant impact of the rising demand for packaged food on driving the growth of the cups and lids market.

The growth in the cups and lids market is further fueled by the increasing demand in the broader food and beverages sector. Food and beverages collectively encompass consumable items that offer nourishment and refreshment. Cups and lids contribute significantly to various aspects of functionality, safety, spill prevention, temperature retention, hygiene, and convenience, particularly in drive-through and takeout services, while also serving as a branding tool for food and beverage products. For instance, a report from Common Thread Collective, a US-based e-commerce growth agency, highlights that global food and beverage sales were $435.3 billion in 2021 and increased to $506 billion in 2022. The market is expected to further grow to $857 billion by 2025. This emphasizes how the increasing demand in the food and beverages sector is a key driver for the growth of the cups and lids market.

Product innovation stands out as a prominent trend gaining popularity in the cups and lids market, with major players directing efforts toward creating innovative products characterized by high-quality materials, customizable designs, improved functionality, and smart packaging solutions. A noteworthy example is the initiative by SOFi, a US-based creator of compostable paper SOFi Straws, which introduced a 100% biodegradable cup in July 2022. This innovative SOFi Cup Carrier eliminates the need for a plastic lid and is composed of spunlace cotton, the same material as flushable wipes. This recyclable, plastic-free, and bioplastic-free cup is designed to naturally biodegrade in landfills, soil, or marine habitats within 180 days. Equipped with four flaps that fold together to create a spill-proof lid, the cup can be used with any of SOFi's paper straws, eliminating the necessity for a separate lid and providing cost savings for businesses.

Major players in the cups and lids market are also focusing on introducing innovative products, such as reusable plastic cups, to drive revenues and meet the demand for sustainable alternatives. In October 2023, Berry Global Inc., a US-based manufacturer of plastic packaging products, launched a range of reusable plastic cups for the food service sector. These cups, designed for repeated use, feature an inside stacking rim and ribs with smooth curves for enhanced cleaning. Available in various sizes suitable for hot beverages, soups, and cold drinks, the cups are composed of premium polypropylene (PP), making them easy to recycle and safe for contact with food. With dishwasher-safe properties, lightweight construction, and robust design, these reusable plastic cups address the growing need for alternatives to single-use packaging.

In October 2021, Pactiv Evergreen Group Holdings, a US-based manufacturer of fresh food and beverage packaging, made a strategic move by acquiring Fabri-Kal for $380 million. This acquisition strengthened Pactiv Evergreen's position in the food service and consumer packaged goods sectors. Fabri-Kal, a US-based plastic food service and custom thermoformed packaging company, specializes in manufacturing yogurt containers, portion cups, lids, clamshells, and drink cups for consumer-packaged goods and industrial food markets. This acquisition underscores the importance of strategic moves and industry consolidation in the cups and lids market.

Major companies operating in the cups and lids market report are Berry Global Inc., Greiner AG, Huhtamaki Inc., WinCup Inc., Graphic Packaging International Inc., Reynolds Consumer Products, Eco-Products Europe, Dart Container Corporation, Chengdu Anbao Paper Products Co. Ltd., Printpack Inc., Tomy Company Ltd., 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.

North America was the largest region in the cups and lids market in 2023. 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

The countries covered in the cups and lids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The cups and lids market consists of sales of versatile cups, compostable cups, hard layer cups, thin wall cups, paper cups, foam cups, disposable cups, and lids, reusable cups and lids, hot cups, cold cups, and specialty cups. 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.

Product Code: r11661

1. Executive Summary

2. Cups And Lids Market Characteristics

3. Cups And Lids Market Trends And Strategies

4. Cups And Lids Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Cups And Lids Market Size and Growth

5.1. Global Cups And Lids Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Cups And Lids Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Cups And Lids Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Cups And Lids Market Segmentation

6.1. Global Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cups
Lids
6.2. Global Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Plastic
Paperboard
Foam
Other Raw Materials
6.3. Global Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Food And Beverage
Food Services
Retail
Other Applications

7. Cups And Lids Market Regional And Country Analysis

7.1. Global Cups And Lids Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Cups And Lids Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Cups And Lids Market

8.1. Asia-Pacific Cups And Lids Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Cups And Lids Market

9.1. China Cups And Lids Market Overview
9.2. China Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Cups And Lids Market

10.1. India Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Cups And Lids Market

11.1. Japan Cups And Lids Market Overview
11.2. Japan Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Cups And Lids Market

12.1. Australia Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Cups And Lids Market

13.1. Indonesia Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Cups And Lids Market

14.1. South Korea Cups And Lids Market Overview
14.2. South Korea Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Cups And Lids Market

15.1. Western Europe Cups And Lids Market Overview
15.2. Western Europe Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Cups And Lids Market

16.1. UK Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Cups And Lids Market

17.1. Germany Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Cups And Lids Market

18.1. France Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Cups And Lids Market

19.1. Italy Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Cups And Lids Market

20.1. Spain Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Cups And Lids Market

21.1. Eastern Europe Cups And Lids Market Overview
21.2. Eastern Europe Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Cups And Lids Market

22.1. Russia Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Cups And Lids Market

23.1. North America Cups And Lids Market Overview
23.2. North America Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Cups And Lids Market

24.1. USA Cups And Lids Market Overview
24.2. USA Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Cups And Lids Market

25.1. Canada Cups And Lids Market Overview
25.2. Canada Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Cups And Lids Market

26.1. South America Cups And Lids Market Overview
26.2. South America Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Cups And Lids Market

27.1. Brazil Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Cups And Lids Market

28.1. Middle East Cups And Lids Market Overview
28.2. Middle East Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Cups And Lids Market

29.1. Africa Cups And Lids Market Overview
29.2. Africa Cups And Lids Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Cups And Lids Market, Segmentation By Raw Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Cups And Lids Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Cups And Lids Market Competitive Landscape And Company Profiles

30.1. Cups And Lids Market Competitive Landscape
30.2. Cups And Lids Market Company Profiles
- 30.2.1. Berry Global Inc.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Greiner AG
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Huhtamaki Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. WinCup Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Graphic Packaging International Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Cups And Lids Market Competitive Benchmarking

32. Global Cups And Lids Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Cups And Lids Market

34. Cups And Lids Market Future Outlook and Potential Analysis

34.1 Cups And Lids Market In 2028 - Countries Offering Most New Opportunities
34.2 Cups And Lids Market In 2028 - Segments Offering Most New Opportunities
34.3 Cups And Lids Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer