Plastic cups and lids market set for growth in U.S.: report
Canadian PlasticsEconomy Packaging Packaging: Design Plastics Industry Economic Changes/Forecast
U.S. demand for plastic cups and lids is expected to increase 4.4 per cent per year to US$8.2 billion in 2014,...
U.S. demand for plastic cups and lids is expected to increase 4.4 per cent per year to US$8.2 billion in 2014, according to a new study by market research firm The Freedonia Group.
The rise in demand will be supported by heightened emphasis on premium coffee by quick service restaurants and continued introductions of alternative beverages in foodservice establishments, the study said. Additionally, value gains will be bolstered by increasing demand for environmentally friendly cups, such as cups made from higher-value biodegradable resins or recycled content.
“Cup and lid demand in the food and beverage packaging market will be helped by manufacturers’ growing need to reinvigorate mature product lines, through the relative novelty of the cup format,” the study concluded,
For more on The Freedonia Group’s “Cups & Lids” report, visit this link.