Global demand for plastic cups and lids to rise 5% annually to 2014: study

World demand for plastic cups and lids is projected to rise 5.0 per cent per year to US$23.4 billion in 2014, according to a new study by market research firm The Freedonia Group.

According to the report, called “World Cups & Lids”, the U.S. will remain the largest consumer of plastic cups and lids in the world to 2014 by a wide margin due to the country’s large foodservice, and food and beverage packaging industries; greater use of more expensive cups and lids; trends favoring single-serving food cups; and the expanded specialty beverage offerings in quick service restaurants. 

The study also forecast that demand for cups and lids in Asia, Central and South America, Eastern Europe and the Africa/Mideast region will be boosted by rising living standards and the rapidly growing number of limited service restaurants serving on-the-go food and beverages packaged in cups and using lids. “Some of the best growth rates are expected in China, India and Indonesia, with Brazil and Russia also expected to see healthy gains,” the study said.   

The study analyses historical data (1999, 2004 and 2009) and forecasts for 2014 and 2019. For more information, click on this link.