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Disposable Lids Market is Projected to Reach a Worth of US$ 5 Billion at a Moderate CAGR of 4.5% over the Forecast Period Ending 2033 | Data by Future Market Insights, Inc.

Tuesday, 18 April 2023 08:00 AM

Future Market Insights, Inc.

NEWARK, DE / ACCESSWIRE / April 18, 2023 / The global disposable lids market is forecasted to expand at 4.5% CAGR over the forecast period, as per FMI's analysis. The industry's size is predicted to surge from US$ 3.2 billion in 2023 to US$ 5.0 billion by 2033.

Future Market Insights, Inc., Tuesday, April 18, 2023, Press release picture

The disposable lids industry is anticipated to augur well over the assessment period. Prime factors augmenting the sales of disposable lids include the booming commercial food services industry. Companies are Striving to Reshape the Future of Takeaway Beverage Cup Lids by Introducing Sustainable and Functional Disposable Lids Solutions.

For insights on global, regional, and country-level parameters with growth opportunities from 2023 to 2033 - Download a sample report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-10336

Numerous manufacturers are experimenting to bring up cost-efficient and eco-friendly variants of disposable lids. This is expected to ensure business aligns with the evolving consumer demands. Additionally, the emergence of quick-service restaurants is also the result of shifting consumer preferences in light of hectic lifestyles and dual-income households.

Presently, the rising buzz surrounding aluminum foil products due to their recyclability is expected to positively influence the market going forward. Growing perception regarding global warming and climate change among people is projected to catalyze demand for lids composed of aluminum foil. With the help of social media platforms and new channels, knowledge regarding disposable lids and the availability of sustainable materials is forecasted to rapidly increase.

Top Highlights from the FMI's Analysis of the Disposable Lids Market:

  • The North American disposable lids industry is expected to hold 23.8% of the overall market share.
  • From 2023 to 2033, Asia Pacific market is anticipated to notably grow owing to the thriving food service sector and the strong purchasing power of the inhabitants.
  • Plastic material is expected to occupy 73.2% of the disposable lids industry in the years to come. The high prevalence of plastic lids is one of the primary factors propelling segment growth.
  • Disposable lids find extensive application in cups and are expected to continue with the trend over the upcoming years.
  • The offline segment is projected to seize a large share of the market over the forecast period. End users prefer to buy disposable lids in abundant quantities from the offline route for their business. As a result, the segment is expected to thrive in the upcoming years.

Expand operations in the future - To get requisite details, ask for a custom report @ https://www.futuremarketinsights.com/customization-available/rep-gb-10336

Market News to Keep Up-to-date with Present Developments:

  • In October 2021, Metsä Board and The Paper Lid Company, a Finnish startup, came into a long-term collaboration. This collaboration led to the introduction of a 100% recyclable paperboard lid. This is a remarkable feat by both of these companies, who have transformed the future of takeaway beverage cups in its true sense. The resulting beverage cup lids are sustainable and functional. The lid also has a great potential for branding as the paperboard is easy to emboss with lettering and logos, as opposed to the expensive route plastic lids take.

In February 2023, Liplid, a Stockholm-based firm that develops sustainable and unique cup lids for beverages on the go, announced a new drinking experience. The company aims to provide a safe, best, and most pleasant way to drink on the go. The lid is a functional solution catering to the rising demand for alternatives in light of the widespread ban being implemented on single-use plastics

Future Market Insights, Inc., Tuesday, April 18, 2023, Press release picture

Enlisted below are the Disposable Lids Manufacturers in the Market

  • Berry Global Inc.
  • Huhtamaki Oyj
  • Greiner Packaging International GmbH
  • Dart Container Corporation
  • Pactiv LLC
  • Genpak, LLC
  • Cambro
  • Carlisle FoodService Products Inc.
  • Airlite Plastics Co.
  • Cosmoplast
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Polyethylene terephthalate (PET)
    • Polystyrene (PS)
    • Poly Lactic Acid (PLA)
    • Others (PHA, Starch blends)

Grow your profit margin with Future Market Insights - Buy the report! @ https://www.futuremarketinsights.com/checkout/10336

Disposable Lids Market by Category

By Material:

  • Paper
  • Plastic

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
  • Quick Service Restaurant
  • Cafes
  • Ice cream Parlor
  • Foodservice Outlets

By Distribution Channel:

  • Online
  • Offline
  • Hypermarket
  • Supermarket
  • Convenience Stores

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia

View full Report @ https://www.futuremarketinsights.com/reports/disposable-lids-market

Table of Content

1. Executive Summary | Disposable Lids Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033

4.2.1. Y-o-Y Growth Trend Analysis

5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material, 2018 to 2022

5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material, 2023 to 2033

Click Here for Disposable Lids Market 306 pages TOC Report

About the Packaging Division at Future Market Insights

The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.

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About Us :

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.  
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Suite 401, Newark, Delaware - 19713, USA  
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SOURCE: Future Market Insights, Inc.

Topic:
Company Update
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