The global disposable lids market is forecasted to grow at a significant rate during the forecast period, according to a recent market research report by FMI Research. The increasing demand for convenience and on-the-go products is expected to drive market growth. The latest market research report by Future Market Insights on the disposable lids market Size includes a global industry analysis of 2014–2021 and an opportunity assessment for 2022–2029. The report studies the disposable lids market and provides critical insights for the forecast period 2022–2029.
As per the research findings of the report, the global disposable lids market is projected to experience noteworthy growth over the forecast period, due to various driving factors such as the growing food & beverages industry and increasing demand for disposable and recyclable lids.
Disposable lids are widely used in the food and beverage industry to cover and seal food containers. These lids are made of materials such as plastic, aluminum, and paper and are used to keep food fresh, prevent spills, and maintain the temperature of the food.
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One of the major drivers for the market is the increasing demand for convenience products among consumers. The busy lifestyle of consumers has led to a growing demand for products that are easy to use and can be consumed on the go. This has led to a significant increase in the demand for disposable lids.
Another driver for the market is the increasing demand for food packaging products that are eco-friendly. Consumers are becoming more conscious about the environment and are looking for products that are made of biodegradable materials. This is expected to drive the growth of the disposable lids market as many companies are now producing lids made of biodegradable materials.
The global disposable lids market is segmented on the basis of material, application, and region. Based on material, the market is segmented into plastic, aluminum, and paper. Plastic lids are the most widely used type of lids, and they are expected to dominate the market during the forecast period.
Based on application, the market is segmented into food and beverages, personal care, and others. The food and beverages segment is expected to dominate the market during the forecast period. The personal care segment is also expected to witness significant growth during the forecast period.
Regionally, the global disposable lids market is segmented into North America, Europe, Asia Pacific, and rest of the world. Asia Pacific is expected to dominate the market during the forecast period due to the increasing population and urbanization in the region. North America and Europe are also expected to witness significant growth during the forecast period.
In conclusion, the global disposable lids market is expected to grow at a significant rate during the forecast period. The increasing demand for convenience and on-the-go products is expected to drive the market growth. Additionally, the increasing demand for eco-friendly products is also expected to drive the market growth.
The global disposable lids market was valued at US$ 2.6 Bn in 2022, and is expected to increase at a CAGR of ~4% during the forecast period, 2022–2029. Increasing focus to maintain the environmental sustainability is one of the vital factors that accelerates the market growth of the disposable lids.
Growing Online Food Ordering to Create Noteworthy Opportunities
The online food ordering market is one of the rapidly growing markets across the globe. Frequent requirement of disposable lids in the online food ordering market is contributing to the growth of the market considerably.
Increasing demand for disposable lids in the online food ordering market for covering various packaging products such as cups, containers, trays, and bowls is ultimately creating opportunities for disposable lid manufacturers to capture a significant market share. Countries such as China and India are expected to witness new heights in online food ordering market, which ultimately fuels the demand for disposable lids.
Organized Food Retail Outlets to Create Demand in Emerging Clusters
Rapidly growing food & beverages industry, especially fast food industry in countries such as China and India creates massive demand for the disposable lids. Increasing penetration of prominent foodservice providers in these countries and frequent requirements of disposable lids in foodservice outlets is ultimately boosting the market growth.
On the basis of geography, North America and Europe are anticipated to capture a substantial market share in terms of value in the disposable lids market due to adequate presence of key disposable lids manufacturers in these regions. Furthermore, factors such as growing global population, increasing demand for food products, especially for packaged food products is propelling the demand for disposable lids in the market.
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Brand Owners Spending on Promotional Activities of Food Products is Gaining Momentum.
Leading market players in the food and beverage industries are adopting the promotional strategy to maximize the overall sales of the food products. These prominent players are using promotional strategies such as advertising, branding and publicity to generate the maximum revenue.
Rising sales of food products across the globe, especially for packaged food and beverages products is ultimately fuelling the demand for disposable lids.
Disposable Lids Market: Vendor Insights
The report highlights some of the prominent market players, who have established themselves as leaders in the global disposable lids market. Some of the examples of key players in the global disposable lids market are Berry Global, Huhtamaki Group, Greiner Packaging International GmbH, Dart Container Corporation, Genpak, LLC, Cambro, Carlisle FoodService Products, Airlite Plastics, Cosmoplast (Harwal Group), Be Green Packaging LLC, Michael Procos S.A., Medac S.r.l., “Amhil Europa” LLC, ConverPack Inc., Plus Paper Foodpac Ltd., Pactiv LLC, Manoher International, G.E.T. Enterprises, LLC, and Pt Pola Paperindo Jayatama.
Disposable Lids Market by Category
By Material :
- Paper
- Plastic
- Polyethylene(PE)
- Polypropylene(PP)
- Polyethylene terephthalate (PET)
- Polystyrene(PS)
- Poly Lactic Acid(PLA)
- Others(PHA, Starch blends)
By Application :
- Cups
- Trays
- Containers
- Tumblers
- Buckets & Tubs
- Bowls
By Product :
- Fully Closed
- Directly Drinkable
- Indirectly Drinkable
By End Use :
- Online Food Retail
- Household
- Institutional
- Offices
- Theaters & Malls
- Foodservice Outlets
- Quick Service Restaurant
- Cafes
- Ice cream Parlor
By Distribution Channel :
- Online
- Offline
- Hypermarket
- Supermarket
- Convenience Stores
By Region :
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East and Africa (MEA)
- Oceania
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What to Expect in Our Report?
(1) A complete section of the Global Disposable Lids market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.
(2) Another broad section of the research study is reserved for regional analysis of the Global Disposable Lids market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.
(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Disposable Lids market.
(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Disposable Lids market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.
(5) Readers are provided with findings and conclusion of the research study provided in the Global Disposable Lids Market report.
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