Disposable Lids Market
Disposable Lids Market By Material (Paper, Plastic), Product (Fully Closed, Directly Drinkable, Indirectly Drinkable), Application (Cups, Trays, Containers, Tumblers) & Region - Forecast 2022 - 2029
- January 2022
- 292 pages
Disposable Lids Market Snapshot
[292 pages Report] The global disposable lids market is estimated to value at US$ 3.0 billion in 2022 and is projected to reach US$ 4.1 billion by 2029, at a CAGR of 4.6%.
Market Size 2022
US$ 3.0 Bn
Market Size 2029
US$ 4.1 Bn
Value CAGR (2022E-2029F)
Collective Market Share : Top 3 Countries
The global disposable lids market constitutes around 4.5-5.0% of the food service packaging market worth US$ 53 Bn in 2021.
In the disposable lids market, trays and containers application segments are collectively generating revenue of US$ 1,246 million in 2022, according to the annual market analysis conducted by Future Market Insights.
The India disposable lids market is expected to grow by 6.6% CAGR during the forecast period. Bucking initial skepticism about how the market would perform during a global pandemic. Across the whole of South Asia, total sales of disposable lids reached US$ 155 million.
Historic And Forecast Market Outlook For Disposable Lids
The global disposable lids market is estimated to witness significant rise during the forecasted period due to increasing demand for disposable and recyclable lids in recent years to maintain the environmental sustainability is another factor that accelerates the disposable lids market growth. The disposable lids market is projected to rise at 3.2% CAGR during the forecast period in comparison to the 4.6% CAGR during historical period.
Demand for fermented dairy products such as yoghurt, cheese, and sour cream has risen dynamically in the developed as well as in emerging economies over the last 25 years. The rate of consumption of these dairy products is highly influenced by the demographic diversity.
Consumption patterns differ heavily across different regions. Packaging is slowly becoming an essential part of delivering dairy products as well as a core element of promotion. Earlier, dairy products were marketed in primary packaging with disappointing results, especially in hot or humid regions.
As a result, manufacturers eventually moved toward safe and attractive die-cut lids packaging to promote as well as increase the shelf life of their dairy products.
Disposable lids are a key packaging solution. They play a crucial role in the packaging of fermented dairy products and provide a complete barrier against light, oxygen, and moisture transmission, along with maintaining the freshness and aroma of the product.
Rapid expansion of prominent food service outlets across the globe and frequent requirement of disposable lids in these outlets ultimately fuels the demand for disposable lids in the market.
How The Increasing Focus On Reducing Environment Hazards Boosting The Demand For Recyclable Lids?
Prominent disposable lid manufacturers are constantly focusing on manufacturing recyclable lids. These manufacturers are taking various initiatives to maintain environmental sustainability. Increasing plastic pollution and its harmful effects are serious concerns across the globe.
To mitigate this, leading manufacturers are using recyclable plastics such as polyethylene terephthalate, polystyrene, and polypropylene to manufacture disposable lids. Increasing adoption of recyclable disposable lids by various end users in the market is boosting the disposable lids market growth significantly.
Prominent disposable lids manufacturer are now a days are more conscious about the environmental sustainability. Furthermore, the major portion of the end use customers are preferring the food packaging solutions which are disposable and recyclable.
These Shifting focus from conventional food packaging solutions to disposable & recyclable food packaging solutions by the end users is ultimately creating the massive opportunity for the disposable lids manufacturers to capture the significant market share.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
What Is The Aftermath Of COVID-19 On Disposable Lids Market?
During the COVID-19 pandemic, it has affected the markets from all end use sectors, and due to the restriction over factory closure, transportation and distribution affected the value chain. Due to disruption in the supply chain and lack of labor, the lockdown has restricted the production capabilities of the manufacturing companies.
This has resulted in low sales and demand for disposable lids products. Furthermore, Asia pacific is a leading player in the market, with regulations on the export of plastic products from and to country has severely affected Europe, North America and other market.
How is U.K.’s Growing Food Service and Fast-Food Supply Chain Boosting Disposable Lids Sales?
The U.K. market for disposable lids shall grow at a CAGR of 3.6% during the forecast period. According to The Food and Drink Federation, the food and drink industry is the U.K.’s largest manufacturing sector. The food and drink industry contributing USD 33 billion to the economy annually and are a key part of the nation’s USD 135.4 billion ‘farm to fork’ food chain.
The FDF's economic reporting is a key avenue for ensuring that the economic importance of the UK food and drink industry is widely recognized, as well as its potential for growth and productivity improvements.
What is Regional Outlook can be Seen for India based Disposable Lids Market?
India will hold market share of more than 40% for the South Asia disposable lids market in the year 2022. Demand for caps and closures in India is majorly generated from the beverage sector. Along with this, developments in the Indian dairy sector and high demand for dairy and milk products in India is propelling sales of caps and closures.
According to the Food and Agriculture Organization of the United Nations (FAO), the total milk production in India in 2020 totaled 195 Mn tones. Consistently rising milk production in India, along with high demand for dairy and milk products are bolstering sales of disposable lids in the country.
Which is the Preferred Application for Disposable Lids?
In terms of application, the cups segment accounts for around 35% of market share in the market in 2022, increasing usage of disposable lids across the globe to cover various packaging products is creating the massive demand for disposable lids in the market. Moreover, containers and trays segment is also dominating the disposable lids market.
Major portion of the market is captured by these segment. Frequent demand for disposable lids to cover these food packaging products is boosting the market growth.
Which Foremost Distribution Channel is Fuelling the Growth of Disposable Lids Market?
As per the analysis, in terms of distribution channel, offline segment is expected to dominate over the forecast period, exhibiting CAGR of 4.5%. Major portion of the end users of the disposable lids prefers offline distribution channel such as hypermarkets, supermarket and convenience stores. As compared to the online segment, the more market share is captured by the offline segment.
How will Foodservice Outlets Support Disposable Lids Market Growth?
By end-use, foodservice outlets is projected to hold 50% of the global market share in 2022. Rapid expansion of prominent foodservice outlets and increasing demand for disposable lids in these service outlets is driving the market growth. Furthermore, the rapid penetration of the online food retail industry is also expected to boost the disposable lids market growth.
The key manufacturers operating in disposable lids market are focusing on increasing their production capacity to meet the increasing demand for disposable lids. Moreover, the key players are increasing their product portfolio to cater for the growing disposable lids market.
- In March 2021, Nestlé, a Switzerland food and beverage company, is adopting renewable-resource lids and scoops for certain of its early-year nutrition products. Sugar cane is used to make lids made from 66% of the sugarcane, the scoops made from 95% of sugar cane.
- In October 2021, with the development of a 100% recyclable paperboard lid, a collaboration between the Paper Lid Company and Metsä Board is intended to revolutionise the future of takeout beverage cups.
Scope Of Report
Historical Data Available for
US$ Million for Value and Mn Units for Volume
Key Regions Covered
North America, Latin America, Europe, South Asia, East Asia, the Middle East & Africa, and Oceania
Key Countries Covered
US, Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, Russia, Poland, GCC Countries, China, India, and Australia & New Zealand.
Key Segments Covered
Material, Product, Application, End Use, Distribution Channel and Region
Key Companies Profiled
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Disposable Lids Market by Category
By Material :
- Polyethylene terephthalate (PET)
- Poly Lactic Acid(PLA)
- Others(PHA, Starch blends)
By Application :
- Buckets & Tubs
By Product :
- Fully Closed
- Directly Drinkable
- Indirectly Drinkable
By End Use :
- Online Food Retail
- Theaters & Malls
- Foodservice Outlets
- Quick Service Restaurant
- Ice cream Parlor
By Distribution Channel :
- Convenience Stores
By Region :
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa (MEA)