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Paper Cup Lids Market

Market Insights on Paper Cup Lids covering sales outlook, demand forecast & up-to-date key trends

Paper Cup Lids Market By Material Type (Plastic, Metal, Foam, Paper/Paperboard), Product Type (Specialty Lids, Hot Lids, Cold Lids), Diameter (More than 80 mm, 50 mm - 80 mm, Less than 50 mm) & Region - Forecast 2022-2032

Global Paper Cup Lids Market Overview

The global paper cup lids market size is set to exhibit growth at a CAGR of 3.9% and reach US$ 37.2 Billion in the forecast period from 2022 to 2032. It is anticipated to be valued at US$ 31.5 Billion in 2022. The ever-increasing demand for specialty beverages, such as milkshakes and coffee across the globe is likely to propel the sales of paper cup lids in the upcoming years.

Report Attribute

Details

Paper Cup Lids Market Estimated Base Year Value (2021)

US$ 30.1 Billion

Paper Cup Lids Market Expected Value (2022)

US$ 31.5 Billion

Paper Cup Lids Market Anticipated Forecast Value (2032)

US$ 37.2 Billion

Paper Cup Lids Market Projected Growth Rate (2022-2032)

3.9% CAGR

Paper cup lids are used by brand owners and retailers for the packaging of various beverages, including tea, coffee, milkshakes, carbonated drinks, and fruit juices. These are mainly utilized to cover paper-based cups to avoid spillage.

These lids are made up of either plastic or paper and they are lighter in weight, as compared to the cups. The high demand for paper cups globally owing to the booming foodservice industry is set to propel the need for such lids.

The increasing popularity of dome lids in cafes and restaurants owing to the introduction of numerous flavored dairy products and cold drinks is a major factor that is anticipated to drive the market. The surging population of working-class people and students who don’t have enough time for a home-cooked meal is also a significant factor that is set to aid the growth.

Which are Some Prominent Drivers Spearheading Paper Cup Lids Market Growth?

The rapid expansion of various prominent coffee chains, such as Tim Horton’s, Starbucks, and Costa Coffee worldwide is expected to boost the demand for paper cup lids in the assessment period. Majority of these chains are aiming to increase sustainability by introducing eco-friendly cups and lids.

The higher acceptance of paper cups backed by their numerous significant properties, such as safe, hygienic, and easy-to-use structure is anticipated to augur well for the market. The emergence of biodegradable cups that can be recycled effectively and disposed of easily is another vital factor that is likely to drive the market.

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What are the Challenges Faced by the Paper Cup Lids Industry?

The ongoing implementation of stringent norms by governments to restrict the excessive usage of plastic may obstruct the global paper cup lids market growth in the near future. Even though paper cups are considered to be environmentally friendly, their lids are often made of plastic. It can deteriorate the environment, thereby hampering the growth in this market.

In March 2022, the regulatory body of Santa Cruz stated that the Environmentally Acceptable Packaging and Products ordinance will soon be implemented in the city. Under this ordinance, single-use cups, plates, utensils, and straws that were utilized at city businesses for serving food can no longer be made of plastic. These should be made of fiber-based materials, such as cardboard and newspaper that can break down easily. The introduction of similar other norms may hamper the market.

Why is North America emerging as an Opportunistic Paper Cup Lids Market?

The presence of a well-established food and beverages industry in the U.S. is projected to spur the North America paper cup lids market growth in the evaluation period. Rising disposable income and evolving lifestyles of people are anticipated to accelerate the consumer preference for takeaway food in this region.

The growing popularity of dairy products, fruit juices, and coffee across North America is one of the crucial factors that is set to bode well for the market. In addition to this, increasing concerns associated with convenience and hygienic disposable solutions is estimated to fuel the market in this region.

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How is Asia Pacific Contributing to Growth of the Paper Cup Lids Market?

The presence of multiple quick-service giants, such as McDonald's, KFC, Subway, Domino’s, Pizza Hut, and similar others in emerging economies, especially India and China is projected to push the Asia Pacific paper cup lids market share in the future years. The increasing shift of consumers towards innovative cup lids with exceptional characteristics, such as printable surface for branding, cost-effective nature, smooth rolled rims, lightweight, and leak-resistance properties is also set to fuel the market.

The entry of several new beverage companies and the rising number of cafes in developing countries is likely to spur the market. In February 2022, for instance, Blue Tokai, a specialty coffee producer, opened its fourth outlet in Kolkata. It has more than 50 outlets in India and has recently opened an outlet in Tokyo. Thus, the rising number of such innovative cafes is set to fuel the market in Asia Pacific.

Market Competition

Some of the renowned manufacturers operating in the global paper cup lids market are Lollicup USA, Inc., Huhtamaki Group, Bemis Company, Inc., Modi Sp. z o.o., Mondi Group, LidWorks Co., Paper Cup Company, Amcor Limited, Simply Lids, Stanpac Inc., Fabri-Kal Corporation, and Printed Cup Company among others.

The global market is highly competitive because of the presence of several small and large players. They are mainly supplying their products in the international and domestic markets. The market has a fragmented structure and the majority of the key players are focusing on acquisitions, mergers, and product innovation to surge their sales and gain a competitive edge. Meanwhile, some of the other manufacturers are joining hands with renowned food and beverage companies to offer their in-house products.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 3.9% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Product Type
  • Material Type
  • Diameter
  • End Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Easter Europe
  • APEJ
  • Japan
  • Middle East & Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Argentina
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • Lollicup USA, Inc.
  • Huhtamaki Group
  • Bemis Company, Inc.
  • Modi Sp. z o.o.
  • Mondi Group
  • LidWorks Co.
  • Paper Cup Company
  • Amcor Limited
  • Simply Lids
  • Stanpac Inc.
  • Fabri-Kal Corporation
  • Printed Cup Company

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Key Segments Profiled in the Paper Cup Lids Industry Survey

By Material Type:

  • Plastic
    • Poly lactic acid (PLA)
    • Polyethylene Terephthalate (PET)
    • Polystyrene (PS)
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Others
  • Metal
  • Foam
  • Paper/Paperboard

By Product Type:

  • Specialty Lids
  • Hot Lids
  • Cold Lids

By Diameter:

  • More than 80 mm
  • 50 mm – 80 mm
  • Less than 50 mm

By End Use:

  • Foodservice Industry
    • Coffee Shops
    • Food Delivery Services
    • Quick Service Restaurants
  • Food & Beverage
  • Ice Creams
  • Fruit Juices
  • Alcoholic Drinks
  • Soft Drinks
  • Tea and Coffee
  • Dairy Products
    • Creams
    • Yogurt

By Region:

  • North America
  • Latin America
  • Western Europe
  • Easter Europe
  • APEJ
  • Japan
  • Middle East & Africa

Frequently Asked Questions

The global paper cup lids market is projected to exhibit a steady CAGR of 3.9% by 2032.

North America is expected to dominate the paper cup lids market in terms of share.

Lollicup USA, Inc., Huhtamaki Group, Bemis Company, Inc., Modi Sp. z o.o., Mondi Group, LidWorks Co., Paper Cup Company, and Amcor Limited are some of the reputed manufacturers of paper cup lids.

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Ismail Sutaria
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LinkedIn
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