Strawless Lids Market Overview
Strawless lids are an alternative to no straw required and this perfect solution to the no straw required situation is gaining traction among the consumers day by day because of its different qualities including recyclability. These lightweight strawless lids are prepared from polypropylene (PP) and have roughly nine percent less plastic than the flat lid and straw used for iced beverages earlier.
The new lids without any straw will now be ideal for both hot and cold beverages available in food sectors. The strawless lids market is expanding continuously as these polypropylene (PP) and made lids go perfectly with various recyclable PP drink cups, such as our clear Bantam drink cups and many famous coffee chains (such as, Starbucks) are shifting their preference towards beverage containers with strawless lids from beverage container with lids with straw as consumers find it more convenient for drinking. It is anticipated that the rising popularity of these products will accelerate the market for the strawless lids market.
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Strawless Lids Market: Dynamics
Drivers:
Strawless lids are designed with features that are accommodable for both hot and cold applications. Moreover these strawless lids help in minimizing the storage space while increasing the functional and operational efficiencies.
Furthermore the product provides cost savings by eliminating the need for a straw and its crack resistance quality ensures the transportation without any worry. These are some of the key factors which are driving the growth for the market of strawless lids.
Restraints:
Many studies have reported that strawless lids use more plastic than the separate plastic straw and lid currently in use. Different government rules against the plastic use might hamper the growth of the strawless lids market.
Opportunities
Product Launch in Beverage Sectors
Now a days many famous coffee chains including Starbucks are innovating and launching lids which require no straws at all and people are loving the new style of strawless lids as the pulps of the lids easily go up and consumers can take a sip of their drinks when they want. Additionally the product combines ergonomics and sustainability together to last in the long run.
Rising Concern about Environment among the Consumers
The growing concern about the environment is forcing our packaging product manufacturers to produce eco-friendly products more and shorten the use of plastic. The strawless lids are made of minimum 25% of post-consumer recycled PET. Moreover, the straw less lids are crystal clear for an enticing drink presentation which is certainly creating new opportunities for the strawless lids market to grow in the industry.
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Strawless Lids Market: COVID19 Impact
The robust outbreak of Covid-19 has affected the financial conditions of various economies. The declined growth rates of these economies are affecting the manufacturers of strawless lids negatively. The widespread health crisis created by the coronavirus is adversely affecting the end-use sectors of strawless lids.
Additionally, price fluctuations of raw materials have impacted the acquirement cost for producers which is hampering the growth of strawless lids market. Moreover, sanction rule implemented for the crude oil import process is likely to affect the oil price overall which is resulting in raw material- price fluctuation.
This is expected to affect the demand for strawless lids negatively. But the sales of the strawless lids is dependent on different factors like global severity of the disease, duration of the situation and numerous rules and regulations implemented by various government authorities around the world.
Strawless Lids Market: Regional Outlook
North America and Europe is expected to show a very good growth rate over the forecast period due to the fast and rapid adoption and innovation of strawless lids in the market. Moreover the presence of more coffee chains in these regions is one of the major player in the growth of these lids without straw.
Asia Pacific and Latin America are also expected to show moderate growth rates over the forecast period owing to the less popularity of strawless lids in these regions and Middle East & Africa strawless market is expected to gradually show its growth due to the slowly and gradually rising number of food & beverage industry in the region.
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Strawless Lids Market: Key Players
- Berry Global
- Dart Container Corporation
- Bordex Packaging
- Karat
- Pactiv
Strawless Lids Market: Segmentation
The global strawless lids market is segmented by material, product type and end user.
By Material :
- Polypropylene
- Polyethylene Terephthalate
By Product Type :
- Hot cup lid
- Cold cup lid
By End User :
- Food Service
- Household
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