Cups and Lids Market: Ban Over Plastics in Some Countries Poses Opportunity as well as Challenge for Growth
Albany, NewYork (PRWEB) February 23, 2015 -- ResearchMoz has announced the addition of the “Global Cups and Lids Market 2015-2019” report to its offering. Based on in-depth market analysis and inputs from industry experts, the report indicates that the global cups and lids market is estimated to expand at a compound annual growth rate (CAGR) of 5.75% during the forecast period of 2014 to 2019.
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Cups and lids are used for different purposes to provide support, tamper resistance for beverages, and protection from an external environment. Plastic, metal, paper and paperboard, foil and others are the different types of materials that are used to manufacture cups and lids.
By type of products, the cups and lids market is categorized into drinking cups, packaging cups, and lids. By end users, the market is segmented into food and beverage packaging cups and lids, foodservices cups and lids, and retail and others, and these sectors use cups and lids to serve a variety of beverages such as drinking water, hot drinks, coffee, beer, milk and dairy products, sports and energy drinks, alcoholic drinks, and ready-to-drink (RTD) iced tea.
Geographically segmenting the global cups and lids market into North America, APAC, Europe, and Rest of the World, with special focus on Japan and the U.S., the research report discusses the market growth drivers, buying criteria, market trends and their impact, and industry challenges. The report also provides statistics of the market size and forecast of the regional cups and lids market for the period 2014 to 2019.
The growing focus on specialty beverages is a force that is propelling the demand for cups and lids. With rising concern regarding minimizing the use of plastics all over the world, governments and almost every industry has been attempting to reduce the consumption of plastic and plastic products. While on one hand, this has impacted the cups and lids market in a negative manner, it has inadvertently presented an opportunity for manufacturers of cups and lids. The segment of biodegradable plastics poses ample number of opportunities for growth. However, shortage of skilled labor is still a matter of concern for the cups and lids market.
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The global cups and lids market is largely dominated by Huhtamaki, WinCup, Georgia Pacific, and Solo Cup. Apart from these four players, there are many other companies dealing in cups and lids. These include Benders, Sweetheart Holdings, Fabri-Kal, Reynolds Group, Letica, Detmold Group, Magnum Packaging, BioPak, Ekobal-Roznov, Constantia Flexibles, Consolidated Container, Bawoo Print & Paper Cups, Eco-Products, Clondalkin Group, Pactiv, VaioPak, Zichen, Wipak Group, Plastipak Industries, Sonoco Products, and KeepCup. While discussing the competitive scenario and vendor landscape of the cups and lids market, the research report highlights key news items and the notable mergers and acquisitions that have taken place in the cups and lids market over the years.
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