“Fiber lids” refer to lids or coverings made from fiber materials, often used in packaging to seal containers or provide protection for various products. These lids are designed to be environmentally friendly, as they are typically made from natural fibers or recycled materials.
Bagasse, a fibrous byproduct of sugarcane processing, is a valuable resource widely harnessed by food packaging manufacturers. Notably, bagasse boasts complete biodegradability and compostability, posing no harm to the environment. Bagasse products without any coatings can be readily composted at home, undergoing complete degradation within a mere sixty days.
As per research conducted by Future Market Insights, the global fiber lids market is poised for substantial growth. In 2022, it is expected to be valued at US$ 41.8 million, with the outlook indicating a continuous expansion at a Compound Annual Growth Rate (CAGR) of 5.6%. By the year 2032, the fiber lids market is projected to attain a valuation of US$ 72.0 million. These estimates underscore the positive growth trajectory of the fiber lids market.
The sales of fiber lids are anticipated to experience a significant boost, with the top five providers holding a considerable 25-30% share of the global fiber lids market in 2021. This market composition further illustrates the market’s competitive landscape and the prominence of key players in driving its growth.
Get an Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15700
Key points related to fiber lids:
- Eco-Friendly Material:
- Fiber lids are commonly made from renewable and sustainable materials such as paperboard or molded pulp. These materials are biodegradable and contribute to reducing the environmental impact of packaging.
- Applications:
- Fiber lids are used in a variety of applications, including food and beverage packaging, takeout containers, disposable cups, and other containers where a lid is required for sealing or protecting the contents.
- Hot and Cold Beverage Lids:
- Fiber lids are suitable for use with both hot and cold beverages. They are often designed with features like heat resistance and liquid resistance to ensure they maintain their integrity when exposed to different temperatures and liquids.
- Customization and Branding:
- Fiber lids can be customized and branded to align with a company’s logo, color scheme, or overall branding strategy. This customization allows businesses to enhance their brand visibility and create a cohesive packaging experience.
- Biodegradability and Compostability:
- One of the key advantages of fiber lids is their biodegradability. They can break down naturally over time, and some are even compostable, contributing to reduced environmental impact compared to traditional plastic lids.
Market Trend
The growing global concern surrounding plastic waste accumulation in landfills has prompted governments, organizations, and consumers to shift their focus towards eco-friendly alternatives to plastic products that are less harmful to the environment. Disturbing statistics from Pulpac, a pioneer in dry-molded fiber technology, reveal that a staggering 300 billion plastic lids are manufactured annually, many of which unfortunately find their way into the world’s oceans, exacerbating the issue of plastic waste on a global scale.
In response to this ecological challenge, numerous countries have instituted bans on the use of single-use plastic products. These regulatory measures have driven end-use industries and consumers alike to embrace compostable and sustainable packaging solutions. This shift in preference has significantly bolstered the demand for fiber lids within the food service industry. Fiber lids, crafted from natural fibers, are inherently 100% biodegradable and compostable, making them an environmentally responsible choice. The rising awareness surrounding the adoption of eco-friendly packaging practices further fuels the sales of fiber lids, reflecting a broader commitment to sustainability and responsible environmental stewardship.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15700
Major Players
- Huhtamaki Oyj
- Stora Enso Oyj
- Zume Inc.
- Liplid AB
- Scandicore AB
- Pactiv LLC
- Green Olive Environmental Technology (Dongguan) Co. Ltd.
- Be Green Packaging
- Eurasia United Equipment Group Co., Ltd.
- Transcend Packaging Ltd.
- Pacqueen Industrial (Shanghai) Co., Ltd.
- Tridas, s.r.o.
- WorldCentric
Market Segmentation
By Source, Fiber Lids are Segmented as:
- Natural Fiber
- Synthetic Fiber
By Diameter, Fiber Lids Market is Segmented as:
- Less than 60 mm
- 60-80 mm
- Above 60 mm
By End-user, Fiber Lids are Segmented as:
- Foodservice Outlets
- Online Food Delivery
- Institutional
By Region, Fiber Lids Market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa (MEA)
- Oceania
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
