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PET Dome Lids Market

PET Dome Lids Market By Material (PET, PS, PP), Design (Without Cavity, With Cavity), End Use (Ready-to-drink Beverages, Cupcakes and Cakes, Fruits, Salads), Sales Channel (E-commerce, Retailer, Hypermarket, Supermarket) & Region - Forecast 2022-2032

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

Global PET Dome Lids Market Overview

The global PET dome lids market size is slated to grow at a CAGR of 7.5% and reach US$ 18.2 Billion in the forecast period from 2022 to 2032. It is expected to be valued at US$ 13.4 Billion in 2022. The ability to maintain the integrity of food and beverages, as well as prevent spillage is set to push the demand for PET dome lids in the near future.

Report Attribute

Details

PET Dome Lids Market Estimated Base Year Value (2021)

US$ 12.1 Billion

PET Dome Lids Market Expected Value (2022)

US$ 13.4 Billion

PET Dome Lids Market Anticipated Forecast Value (2032)

US$ 18.2 Billion

PET Dome Lids Market Projected Growth Rate (2022-2032)

7.5% CAGR

PET dome lids are considered to be an integral part of the food and beverage industry to keep the content fresh or to prevent leakage. These were mainly introduced in the market to give an attractive look to the packaging.

As these are odorless, PET dome lids cannot in any way alter the taste of the food or beverage covered with them. Several manufacturers are designing new lids to provide some extra space for whipped cream in coffee or to prevent cakes from smearing during shipment.

These are manufactured with the help of the thermoforming process and thus are cost-effective. Manufacturers are set to develop unique packaging solutions to enhance the appearance of their products and attract the attention of consumers.

In January 2020, for instance, Placon, a leading designer and manufacturer of plastic thermoforming packaging headquartered in the U.S., unveiled its new range of parfait packaging named Crystal Seal reFresh Parfait Line. It contains cups with a pedestal or dome lid option to offer merchandising flexibility. Thus, the launch of similar other products by key players is anticipated to expand the PET dome lids market size in the future years.

Which are Some Prominent Drivers Spearheading PET Dome Lids Market Growth?

The rising consumption of ready-to-eat food and on-the-door meals owing to the surging disposable income and busy lifestyles of people is set to propel the sales of PET dome lids in the upcoming years. The increasing usage of sophisticated lids and caps in the packaging of cold beverages is another major factor that is anticipated to spur the market.

Besides, the high demand for PET dome lids from quick service restaurants globally is set to drive the market. Increasing awareness among people regarding the benefits and availability of organic and healthy beverages, such as green tea is estimated to aid the growth. The surging consumption of energy drinks, fruit juices, teas, and coffee would also bode well for the market.

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What are the Challenges Faced by the PET Dome Lids Industry?

Dome lids can often cause injuries to animals and this factor may hamper the market. In April 2021, for instance, officials at the Guelph Humane Society based in Canada stated that the team encountered nearly four to five cases of Iced Capp or McFlurry lids around the heads of skunks in one season. These animals try to eat the contents of the cup and stick their heads through the holes of dome lids. But, whenever they try to pull out, these lids get stuck onto their heads, thereby leading to severe injuries and even deaths. Thus, the increasing awareness about animal welfare and conservation in various parts of the globe may hinder the global PET dome lids market growth.

Why is North America emerging as an Opportunistic PET Dome Lids Market?

The high demand for PET dome lids in the beverage industry, especially in Canada and the U.S. is set to bode well for the North America market. The increasing usage of these lids to close bottles for storing juices, soda, and beer is anticipated to fuel the growth.

The easy availability of relatively low cost personalized lids backed by the presence of many new entrants in this region is another crucial factor that is projected to accelerate the market. The growing number of restaurants providing home delivery and takeaway services across the U.S. is estimated to augment the growth.

Ismail Sutaria
Principal Consultant
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How is Asia Pacific Contributing to Growth of the PET Dome Lids Market?

The increasing number of fast food chain outlets in emerging economies, such as India and China is anticipated to augur well for the Asia Pacific PET dome lids market share in the assessment period. The ever-increasing population in these countries and their busy lifestyles are also set to influence the growth in this region.

The high demand for dairy products in India owing to their numerous health benefits is expected to push the market across Asia Pacific. As PET dome lids provide a complete barrier against moisture, light, and oxygen transmission, these can surge the shelf life of products. This factor is likely to affect the market positively in this region.

Market Competition

Some of the renowned companies present in the PET dome lids market are MPM Marketing Services, Berry Global Inc., EcoPack Limited, Sam's Club, Inc., Georgia-Pacific LLC, Sabert Corporation, and Dart Container Corporation among others.

The market is highly fragmented with the presence of several small- and large-scale manufacturers across the globe. They are striving to invest huge sums in the expansion of their manufacturing facilities to increase sales. Meanwhile, some of the other key players are engaging in the development of unique products, such as transparent lids to help consumers see the content present inside the packaging.

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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 7.5% 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

  • Material
  • Design
  • End Use
  • Sales Channel
  • 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

  • MPM Marketing Services
  • Berry Global Inc.
  • EcoPack Limited
  • Sam's Club, Inc.
  • Georgia-Pacific LLC
  • Sabert Corporation
  • Dart Container Corporation

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Key Segments Profiled in the PET Dome Lids Industry Survey

By Material:

  • Polyethylene terephthalate (PET)
  • Polystyrene (PS)
  • Polypropylene (PP)
  • Others

By Design:

  • Without Cavity
  • With Cavity

By End Use:

  • Ready-to-drink Beverages
  • Cupcakes and Cakes
  • Fruits
  • Salads

By Sales Channel:

  • E-commerce
  • Retailer
  • Hypermarket
  • Supermarket
  • Others

By Region:

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

Frequently Asked Questions

The global PET dome lids market is estimated to exhibit growth at a remarkable CAGR of 7.5% by 2032.

North America is expected to lead the PET dome lids market in terms of share.

MPM Marketing Services, Berry Global Inc., EcoPack Limited, Sam's Club, Inc., Georgia-Pacific LLC, Sabert Corporation, and Dart Container Corporation are some of the renowned producers of PET dome lids.

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Ismail Sutaria
Principal Consultant
LinkedIn
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