Cups and Lids Global Market Report 2024

The cups and lids market has grown strongly in recent years. It will grow from $10.78 billion in 2023 to $11.7 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The expansion observed during the historic period can be attributed to several factors, including a shift towards on-the-go lifestyles, the proliferation of quick-service restaurants (QSRs), considerations of convenience and hygiene, an increased focus on branding and customization, as well as the influence of environmental regulations and recycling initiatives.

The cups and lids market is expected to see strong growth in the next few years. It will grow to $16.57 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The anticipated growth in the forecast period can be attributed to the increasing trends in e-commerce and food delivery, a heightened emphasis on sustainable packaging solutions, greater opportunities for customization and branding, advancements in design and functionality, and regulatory initiatives pushing for alternatives to single-use plastics. Key trends expected during this period encompass the adoption of sustainable materials and eco-friendly packaging, continued focus on customization and branding opportunities, an increased emphasis on safety and hygiene in packaging design, the pursuit of convenience-oriented packaging design, and ongoing technological innovations in printing and labeling.

The anticipated growth in the cups and lids market is driven by the increasing demand for packaged food. Packaged food involves enclosing food products to safeguard them from tampering or contamination, encompassing various items such as snacks, pre-packaged food, preserved meats, and frozen vegetables. Cups and lids play a crucial role in providing hygienic packaging solutions for food items, contributing to the preservation of freshness, waste reduction, and an enhanced customer experience, particularly in single-serve sizes and for on-the-go consumption. As an illustration, the projected retail sales of packaged foods in Japan are expected to reach $235.9 billion by 2026, reflecting a 9.1% increase or $19.6 billion from 2022. This underscores the significant impact of the rising demand for packaged food on driving the growth of the cups and lids market.

The growth in the cups and lids market is further fueled by the increasing demand in the broader food and beverages sector. Food and beverages collectively encompass consumable items that offer nourishment and refreshment. Cups and lids contribute significantly to various aspects of functionality, safety, spill prevention, temperature retention, hygiene, and convenience, particularly in drive-through and takeout services, while also serving as a branding tool for food and beverage products. For instance, a report from Common Thread Collective, a US-based e-commerce growth agency, highlights that global food and beverage sales were $435.3 billion in 2021 and increased to $506 billion in 2022. The market is expected to further grow to $857 billion by 2025. This emphasizes how the increasing demand in the food and beverages sector is a key driver for the growth of the cups and lids market.

Product innovation stands out as a prominent trend gaining popularity in the cups and lids market, with major players directing efforts toward creating innovative products characterized by high-quality materials, customizable designs, improved functionality, and smart packaging solutions. A noteworthy example is the initiative by SOFi, a US-based creator of compostable paper SOFi Straws, which introduced a 100% biodegradable cup in July 2022. This innovative SOFi Cup Carrier eliminates the need for a plastic lid and is composed of spunlace cotton, the same material as flushable wipes. This recyclable, plastic-free, and bioplastic-free cup is designed to naturally biodegrade in landfills, soil, or marine habitats within 180 days. Equipped with four flaps that fold together to create a spill-proof lid, the cup can be used with any of SOFi's paper straws, eliminating the necessity for a separate lid and providing cost savings for businesses.

Major players in the cups and lids market are also focusing on introducing innovative products, such as reusable plastic cups, to drive revenues and meet the demand for sustainable alternatives. In October 2023, Berry Global Inc., a US-based manufacturer of plastic packaging products, launched a range of reusable plastic cups for the food service sector. These cups, designed for repeated use, feature an inside stacking rim and ribs with smooth curves for enhanced cleaning. Available in various sizes suitable for hot beverages, soups, and cold drinks, the cups are composed of premium polypropylene (PP), making them easy to recycle and safe for contact with food. With dishwasher-safe properties, lightweight construction, and robust design, these reusable plastic cups address the growing need for alternatives to single-use packaging.

In October 2021, Pactiv Evergreen Group Holdings, a US-based manufacturer of fresh food and beverage packaging, made a strategic move by acquiring Fabri-Kal for $380 million. This acquisition strengthened Pactiv Evergreen's position in the food service and consumer packaged goods sectors. Fabri-Kal, a US-based plastic food service and custom thermoformed packaging company, specializes in manufacturing yogurt containers, portion cups, lids, clamshells, and drink cups for consumer-packaged goods and industrial food markets. This acquisition underscores the importance of strategic moves and industry consolidation in the cups and lids market.

Major companies operating in the cups and lids market report are Berry Global Inc., Greiner AG, Huhtamäki Inc., WinCup Inc., Graphic Packaging International Inc., Reynolds Consumer Products, Eco-Products Europe, Dart Container Corporation, Chengdu Anbao Paper Products Co. Ltd., Printpack Inc., Tomy Company Ltd., CEE Schisler Packaging Solutions, Grupo Phoenix Capital Limited, Far East Cup Product (SZ) Co. Ltd., Guangzhou Kangbao Co. Limited, Konie Cups International Inc., Changzhou Huixin Industrial Co. Ltd., Kap Cones Private Limited, Genpak LLC, Solo Cup Operating Corporation, Mondi Group, Airlite Plastics Company, Michael Procos SA, BioPak, Paper Cup Company, Clondalkin Group Holdings BV, Pactiv LLC, Sabert Corporation, Anchor Packaging Inc., D&W Fine Pack LLC, Fabri-Kal Corporation, Inline Plastics Corp., LBP Manufacturing LLC, Novolex Holdings Inc., Placon Corporation, Sonoco Products Company, WNA Inc., Amhil Enterprises Ltd., Detpak Pty. Ltd.

North America was the largest region in the cups and lids market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global cups and lids market report during the forecast period. The regions covered in the cups and lids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cups and lids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary product categories within this domain include cups and lids. Cups are specialized containers tailored for liquid containment, typically characterized by a compact size, handle, and open top, reminiscent of a bowl. They are predominantly utilized for transporting and storing various liquids, including but not limited to, coffee, juices, and soups. The manufacturing of these items predominantly relies on materials such as plastic, paperboard, foam, among others. These cups find applications across diverse sectors, encompassing food and beverage, food services, retail, and other related industries.

The cups and lids market research report provides cups and lids market statistics, including cups and lids industry global market size, regional shares, competitors with a cups and lids market share, detailed cups and lids market segments, market trends, and opportunities, and any further data you may need to thrive in the cups and lids industry. This cups and lids market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cups and lids market consists of sales of versatile cups, compostable cups, hard layer cups, thin wall cups, paper cups, foam cups, disposable cups, and lids, reusable cups and lids, hot cups, cold cups, and specialty cups. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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