United States Cups & Lids Markets Report 2012, 2017, and 2022, with Forecasts through 2032 Featuring Dart Container, International Paper, Graphic Packaging, Pactiv Evergreen, and Berry Global
Dublin, April 03, 2024 (GLOBE NEWSWIRE) -- The "US Cups & Lids Market Report" report has been added to ResearchAndMarkets.com's offering.
Demand for cups and lids is forecast to grow 3.4% per year to $15.5 billion in 2027, with real growth of 1.8% annually to 479 billion units. Advances will be fueled by continued growth in foodservice revenues and solid prospects for food and beverage packaging cups.
Foodservice will remain the dominant cup and lid market in value terms, accounting for 66% market value in 2027. While the large established base and maturity of some applications will hold back gains, several trends will drive cup and lid demand, especially an increased focus on specialty beverage offerings in quick service and other restaurants along with general trends toward snacking in place of traditional meals.
This study examines the US market for disposable cups and lids. Historical data are provided for 2012, 2017, and 2022, with forecasts through 2032. Annual data is provided for 2018-2026. Data are provided in current dollar value and units. The study also evaluates company market share and competitive analysis on key industry competitors including Dart Container, International Paper, Graphic Packaging, Pactiv Evergreen, and Berry Global.
Unit growth will be supported by healthy gains in foodservice revenues and the increasing popularity of single-serve, convenient food packaging. In addition to real demand gains, market value will be supported by the proliferation of higher value, sustainable cup materials such as molded fiber and aluminum.
Sustainability Has Growing Impacts on Material Mix & Product Development
Over the past decade, sustainability has become a leading factor in determining cup and lid choices. This has resulted in a strong push toward using higher priced materials such as aluminum and bioplastics, which supports market value increases. This also extends to products such as rigid plastic cups, with an emphasis placed on more environmentally friendly plastics or the greater incorporation of recycled content, which also boosts prices.
Concerns over sustainability are also creating a shift in the product mix. For instance, a general phaseout of foam cups, especially among major foodservice chains, is supporting demand for a variety of alternative materials such as paper. However, growing efforts to encourage reusable cup usage, especially among coffee shops and other limited-service restaurants, will offer a potential restraint on cup demand.
Continued Growth in Foodservice to Further Propel Cup Demand
Foodservice will continue to be an important market for disposable cups and lids due to their widespread use with hot and cold beverages, various food items, and condiments. Foodservice cup and lid demand will be supported by continued growth in foodservice orders and a return to normal consumer dining out habits.
The increasing number of takeout and delivery orders at full-service restaurants, which almost exclusively used reusable glassware until recently, will also bolster gains. However, a shift at some limited-service restaurants toward bottled beverage options instead of those offered in cups will restrain greater gains.
Convenience Will Support Packaging Cup Demand Despite Maturity in Key Food Segments
Demand for packaging cups and lids will primarily benefit from the convenience they offer across various food packaging applications. In addition to widespread trends toward individual-sized food products, cups allow for on-the-go snacking as well as use with multi-pack products. However, a slowdown in key food segments, most notably flattening yogurt consumption after periods of exceptional growth, will restrain further demand going forward.
Historical Sales Trends
Demand for disposable cups and lids is directly related to trends in consumer food and beverage expenditures, particularly spending for food and beverages consumed away from home, and overall food and beverage consumption patterns.
Other important determinants of demand levels and growth include:
Demographic factors such as the overall size and growth rate of the resident population, the age distribution of the population, the average household size, and the number of family members in the workforce
Macroeconomic variables, such as levels of personal consumption expenditures and disposable income, and overall economic growth and inflation
Shifts in consumer food and beverage tastes and preferences, including dietary trends
Changes in food distribution channels and the retail environment
Cup and lid demand is also influenced by less predictable factors, such as raw material prices and availability, technological developments, government regulations, and foreign trade.
The outlook for cups and lids is also linked to overall packaging demand and various packaging industry trends, including:
Competition from alternative packaging formats, such as other plastic or paper containers, and flexible packaging (e.g., pouches)
Consumer preferences and purchasing trends (e.g., single serving formats, portability, reusability)
The importance of environmental friendliness and sustainability (e.g., recyclability and compostability)
Demand for cups and lids in the foodservice market is largely influenced by foodservice industry variables. These factors include:
The characteristics of various beverage products
Shifts in consumer beverage preferences
Portion size trends
Menu changes by restaurants
design and convenience factors
Companies Featured
Berry Global
Dart Container
Graphic Packaging
International Paper
Pactiv Evergreen
Key Topics Covered:
1. Executive Summary
2. Short Term Analysis
Economic Forecast
Short-Term Cups & Lids Industry Trends
3. Overview
Study Scope
Historical Sales Trends
Markets Overview
Applications Overview (Beverage, Food, Portion, & Packaging)
Products Overview (Cups, Lids & Lidding)
Materials Trends (Plastic, Paper, Molded Fiber, Metal)
Pricing & Inflation
Foreign Trade
4. Factors Impacting Cup & Lid Demand
Foodservice Industry Outlook
Food Packaging Trends
Beverage Packaging Trends
Raw Materials Use & Availability
Regulations
Overview
Bans on Foam & Plastic Products
Sustainability Initiatives
Recycling & Recycled Content
Source Reduction Efforts
Development of Sustainable Materials
Competitive Products
5. Rigid Plastic Cups
Scope & Product Description
Outlook & Applications
Markets
Product Innovation
Leading Suppliers
6. Foam Cups
Scope & Product Description
Outlook & Applications
Markets
Product Innovation
Leading Suppliers
7. Paper Cups
Scope & Product Description
Outlook & Applications
Markets
Product Innovation
Leading Suppliers
8. Molded Fiber Cups
Scope & Product Description
Outlook & Applications
Markets
Product Innovation
Leading Suppliers
9. Metal Cups
Scope & Product Description
Outlook & Applications
Markets
Product Innovation
Leading Suppliers
10. Lids & Lidding
Scope & Product Description
Outlook, Products & Applications
Demand by Product
Demand by Application
Rigid Lids
Lidding (Flexible Lids)
Materials
Markets
Product Innovation
Leading Suppliers
11. Beverage Cups & Lids
Scope & Product Description
Demand Outlook
Beverage Cups
Demand by Type
Cold Cups
Hot Cups
Lids for Beverage Cups
Demand by Type
Standard Lids
Specialty Lids
Materials
Markets
Leading Suppliers
12. Food Cups & Lids
Scope & Product Description
Demand Outlook
Materials
Markets
Leading Suppliers
13. Portion Cups & Lids
Scope & Product Description
Demand Outlook
Materials
Markets
Leading Suppliers
14. Packaging Cups & Lids
Scope & Product Description
Demand Outlook
Materials
Markets
Leading Suppliers
15. Foodservice Markets
Market Scope
Markets Overview
Demand by Market
Fast Food & Fast Casual
Other Limited Service Restaurants (Coffee Shops, Snack Shops, Street Vendors)
Full-Service
Non-Commercial Foodservice
Products & Applications
Materials
16. Food & Beverage Packaging Markets
Market Scope
Markets Overview
Demand by Market
Dairy Products
Prepared Foods
Sauces, Condiments, & Dressings
Fruits & Vegetables
Coffee & Tea
Dry Food (Dry Soups, Side Dishes, & Breakfast Cereals)
Candy & Snacks
Baby Food
Other Foods
Beverages
Product Trends
Materials
17. Retail, Medical, & Nonfood Packaging Markets
Markets Overview
Demand by Market
Retail Sale/Home Use
Medical & Dental Markets
Pet Food & Treats
Nonfood Packaging
Product Trends
Materials
18. Industry Structure
Key Findings & Industry Composition
Market Share
Mergers & Acquisitions
List of Industry Participants
For more information about this report visit https://www.researchandmarkets.com/r/xhm6ab
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