According to analysis by FMI (Future Market Insights), the global disposable lids market is projected to grow at a compound annual growth rate (CAGR) of 4.5% over the forecast period. The market size is expected to increase from US$3.2 billion in 2023 to US$5.0 billion by 2033.
The disposable lids industry is poised for favorable growth throughout the assessment period. One of the key drivers behind the sales of disposable lids is the thriving commercial food services industry.
Manufacturers are actively exploring cost-efficient and environmentally friendly alternatives for disposable lids to meet evolving consumer demands. The focus on sustainability is expected to align businesses with changing market preferences. The rise of quick-service restaurants is also a response to shifting consumer lifestyles and the increase in dual-income households.
Currently, there is growing attention on aluminum foil products due to their recyclability, which is expected to have a positive impact on the market. The increasing awareness of global warming and climate change among individuals is projected to drive the demand for lids made of aluminum foil. The dissemination of information about disposable lids and the availability of sustainable materials through social media platforms and other channels are expected to contribute to rapid market growth.
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Top Highlights from the FMI’s Analysis of the Disposable Lids Market:
- North America disposable lids industry is expected to hold 23.8% of the overall market share.
- From 2023 to 2033, Asia Pacific market is anticipated to notably grow owing to the thriving food service sector and the strong purchasing power of the inhabitants.
- Plastic material is expected to occupy 73.2% of the disposable lids industry in the years to come. The high prevalence of plastic lids is one of the primary factors propelling segment growth.
- Disposable lids find extensive application in cups and are expected to continue with the trend over the upcoming years.
- The offline segment is projected to seize a large share of the market over the forecast period. End users prefer to buy disposable lids in abundant quantities from the offline route for their business. As a result, the segment is expected to thrive in the upcoming years.
Competitive Landscape
The key manufacturers operating in the 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 to 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% sugarcane, and the scoops are 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 revolutionize the future of takeout beverage cups.
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Key Players:
- Berry Global Inc.
- Huhtamaki Oyj
- Greiner Packaging International GmbH
- Dart Container Corporation
- Pactiv LLC
- Genpak, LLC
- Cambro
- Carlisle FoodService Products Inc.
United Kingdom Food Service and Fast-Food Industry Drive Disposable Lids Sales; India’s Dairy Sector Boosts Market Growth:
Summary: The United Kingdom’s food and drink industry, being the country’s largest manufacturing sector, plays a crucial role in boosting sales of disposable lids. With a CAGR of 4.6%, the market is supported by the economic importance of the industry, contributing $33 billion annually to the UK economy. In India, the disposable lids market is expected to witness a significant CAGR of 7%, driven by the booming dairy sector and high demand for dairy and milk products. The country’s substantial milk production and growing consumer demand contribute to the increased sales of disposable lids in India
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Disposable Lids Market by Category
By Material :
- Paper
- Plastic
- Polyethylene(PE)
- Polypropylene(PP)
- Polyethylene terephthalate (PET)
- Polystyrene(PS)
- Poly Lactic Acid(PLA)
- Others(PHA, Starch blends)
By Application :
- Cups
- Trays
- Containers
- Tumblers
- Buckets & Tubs
- Bowls
By Product :
- Fully Closed
- Directly Drinkable
- Indirectly Drinkable
By End Use :
- Online Food Retail
- Household
- Institutional
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