According to a recent report by Future Market Insights (FMI), the disposable lids market size is estimated to stand at USD 5 billion by 2033. Over the forecast period, the market is assessed to trail at a CAGR of 4.5%. In 2023, the market is expected to reach USD 3.2 billion.
Factors Nurturing Market Growth:
New Opportunities for Disposable Lids Market:
Manufacturers are striving to develop beverage lids for functions outperforming basic on-the-go consumption and spill prevention. Conventionally, aesthetics and ergonomics have been core elements in the cup lid design. Nevertheless, the market is currently seeing a strong emphasis on sustainability and hygiene.
Sustainability is a hot topic within the packaging industry and the related specialty coffee industry. Coffee lids alone contribute to a huge amount of single-use plastic pollution. Thereby, garnering condemnation from asurging number of environmentally conscious consumers.
To navigate the given scenario of global warming and plastic pollution, manufacturers are creating innovative solutions. For instance, Huhtamaki has developed a 100% plastic-free Future Smart Duo fiber lid.
This invention is an amalgamation of wood fibers and natural bagasse that are essentially fully renewable resources. These fiber coffee cup lids are compostable and recyclable.
Another invention that is reshaping coffee on the go includes LipLid. The product uses 25% fewer materials in comparison to the conventional coffee lid. Not only this, the lids are 100% biodegradable in marine and soil environments.
Sustainability is expected to continue dictating future trends and developments in the market.
Apart from sustainability, the emerging concern of consumers includes hygiene. Since prioritization is given to sanitation and food safety, the beverage sector is developing cup lid designs that minimize the risk of contamination.
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Prominent disposable lid manufacturers are constantly focusing on manufacturing recyclable lids. These manufacturers are taking various initiatives to maintain the environmental sustainability. Increasing plastic pollution and its harmful effects are serious concerns across the globe.
To mitigate this, leading manufacturers are using recyclable plastics such as polyethylene terephthalate, polystyrene, and polypropylene to manufacture disposable lids. Increasing adoption of recyclable disposable lids by various end users in the market is boosting the disposable lids market growth significantly.
Prominent disposable lids manufacturers nowadays are conscious of environmental sustainability. Furthermore, a significant portion of end-use customers are preferring disposable and recyclable food packaging solutions.
This shifting focus by end-users is ultimately creating a massive opportunity for disposable lids manufacturers to capture a significant market share.
Attribute | Details |
---|---|
Market Size 2023 | USD 3.2 billion |
Market Size 2033 | USD 5 billion |
Value CAGR (2023E to 2033F) | 4.5% |
The global disposable lids market constitutes around 4.5 to 5.0% of the food service packaging market.
Annual market analysis conducted by Future Market Insights revealed the latest data and insights for the disposable lids market. As per the latest estimates, trays and container application segments collectively generated a revenue of US$ 1,246 million in 2022. The India disposable lids market is expected to expand by 7% CAGR during the forecast period.
Attribute | Details |
---|---|
Market Size (2018) | USD 2.6 billion |
Market Size (2022) | USD 3.0 billion |
CAGR for 2018 to 2022 | 3.8% |
The global disposable lids market is estimated to witness a significant rise during the forecast period. This can be attributed to the increasing demand for disposable and recyclable lids in recent years to maintain the environmental sustainability. The disposable lids market is projected to rise at 4.5% CAGR during the forecast period in comparison to the 3.8% CAGR during the historical period.
Demand for fermented dairy products like yogurt, cheese, and sour cream has increased dynamically across the globe. The rate of consumption of these dairy products is highly influenced by demographic diversity.
Consumption patterns differ hugely across different regions. Packaging is slowly becoming an essential part of delivering dairy products as well as a core element of promotion. Earlier, dairy products were marketed in primary packaging with disappointing results, especially in hot or humid regions.
Manufacturers later moved toward safe and attractive die-cut lids packaging. This solution helped promote as well as increase the shelf life of dairy products.
Attribute | Details |
---|---|
Market Size (2023) | USD 3.2 billion |
Market Size (2033) | USD 5.0 billion |
CAGR for 2023 to 2033 | 4.5% |
Disposable lids are a key packaging solution. They provide a complete barrier against light, oxygen, and moisture transmission. As a result, they play a crucial role in the packaging of fermented dairy products. Along with this, they help maintain the freshness and aroma of the product.
The rapid expansion of prominent food service outlets across the globe is fueling the frequent requirement for disposable lids in these outlets.
Data Bank for Different Geographies
Region/Countries | Value Share |
---|---|
North America | 23.8% |
Europe | 21.1% |
The United States | 15.1% |
Germany | 2.4% |
Japan | 3.5% |
Australia | 5.8% |
Countries | Forecast CAGR |
---|---|
China | 6.5% |
India | 7% |
The United Kingdom | 4.6% |
The United Kingdom market for disposable lids is expected to secure a CAGR of 4.6% during the forecast period. According to The Food and Drink Federation, the food and drink industry is the United Kingdom's large manufacturing sector. The food and drink industry contributes USD 33 billion to the economy annually and is a key part of the nation’s USD 135.4 billion ‘farm-to-fork food chain.
The FDF's economic reporting is a key avenue for ensuring that the economic importance of the United Kingdom's food and drink industry is widely recognized. Along with this, economic reporting also unveils potential for growth and productivity improvements.
India is expected to register a significant CAGR of 7% over the forecast period. The country also held a considerable share in South Asia disposable lids market in 2022. Demand for caps and closures in India is mainly generated from the beverage sector. Additionally, the booming dairy sector and high demand for dairy and milk products in India are propelling sales of caps and closures.
According to the FAO, the total milk production in India in 2020 totaled 195 million tones. Consistently rising milk production in India, along with high demand for dairy and milk products are bolstering sales of disposable lids in the country.
Taxonomy | Material |
---|---|
Top Segments | Plastic |
Market Share | 73.2% |
Taxonomy | Application |
---|---|
Top Segments | Cups |
Market Share | 34.8% |
As per the analysis, in terms of distribution channels, the offline segment is expected to dominate over the forecast period, exhibiting a CAGR of 4.5%. A significant number of the end users of disposable lids prefer offline distribution channels such as hypermarkets, supermarkets, and convenience stores. As compared to the online segment, a huge market share is captured by the offline segment.
In terms of application, the cups segment accounted for around 34.8% of the market share in 2022. Increasing usage of disposable lids across the globe to cover various packaging products is creating a massive demand for disposable lids in the market. Moreover, the containers and trays segment is also dominating the disposable lids market.
A notable portion of the market is captured by these segments. Frequent demand for disposable lids to cover these food packaging products is boosting the market growth.
Application | Cups |
---|---|
Segment Share | 34.8% |
By end-use, food service outlets held 50% of the global market share in 2022. The rapid expansion of prominent food service outlets and increasing demand for disposable lids in these service outlets are driving the market growth. Furthermore, the rapid penetration of the online food retail industry is also expected to boost the disposable lids market growth.
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Company Name | Berry Global Inc. |
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Development | In May 2022, Berry Global Group, Inc. partnered with Taco Bell. The partnership aims to introduce an all-plastic cup with manually-recycled post-consumer resin (PCR). The launch is in sync with growing concerns over sustainability. Additionally, it represents the advancement toward sustainability commitments made by these companies. The launched cup and lid set is anticipated to help divert waste from incineration and landfill. The product is also expected to have less carbon footprint as it used recycled plastic. |
Strategy | The companies are striving to convert consumer-facing packaging to be compostable, recyclable, or reusable by 2025. These sustainable packaging solutions can be used industry-wise. With the growing number of eco-conscious consumers, manufacturers are developing sustainable solutions to capture discerning consumers. |
Company Name | Greiner Packaging International GmbH |
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Development | In November 2020, SalzburgMilch introduced reusable lids to substitute single-use plastic ones. This is all thanks to Greiner Packaging, a global packaging company, with 60+ years of experience. The later company developed dishwasher-safe, high-quality, and eco-friendly reusable lids. These promotional lids seem appealing thanks to in-mold labeling (IML). |
Strategy | Greiner Packaging is providing resealable packaging options to prolong the shelf life of food, while making these solutions safe and secure for use. With the help of reusable lids, waste generation can be controlled, leading to a green planet. |
Company Name | Genpak, LLC |
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Development | In November 2019, Genpak and Danimer introduced sustainable food service packaging, named GenZero. The new line of eco-friendly packaging is a result of growing consumer demand for sustainable food packaging. GenZero is a bio-based material and is 100% biodegradable in freshwater, anaerobic soil, and saltwater environments. |
Strategy | Plastic finds applications in countless everyday products, specifically in the F&B industry. Therefore, it is imperative to consider the type of items that can be composed of biodegradable materials. With comprehensive bans being enacted on single-use plastic, manufacturers are venturing out to make sustainable practice a custom. For this, they are developing eco-friendly food packaging options to maintain their relevancy in the market. |
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. For instance,
In March 2021, Nestlé adopted renewable-resource lids and scoops for certain early-year nutrition products. For this, sugarcane was used to compose 66% of the lids and 95% of the scoops.
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD billion for Value |
Key Regions Covered | North America; Latin America; Europe; South Asia; East Asia; the Middle East & Africa; and Oceania |
Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, Italy, France, the United Kingdom, Spain, Russia, Poland, GCC Countries, China, India, and Australia & New Zealand. |
Key Segments Covered | Material, Product, Application, End Use, Distribution Channel, and Region |
Key Companies Profiled | Berry Global Inc.; Huhtamaki Oyj; Greiner Packaging International GmbH; Dart Container Corporation; Pactiv LLC; Genpak, LLC; Cambro; Carlisle FoodService Products Inc.; Airlite Plastics Co.; Cosmoplast; Michael Procos S.A.; Medac S.r.l.; Amhil Europa; ConverPack Inc.; Plus Paper Foodpac Ltd.; G.E.T. Enterprises, LLC; Be Green Packaging LLC; Manohar International; Pt Pola Paperindo Jayatama |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The projected CAGR of the disposable lids market by 2033 is 4.5%.
The projected market value for 2033 is USD 5 billion.
The market is estimated to secure a valuation of USD 3.2 billion in 2023.
North America holds a significant share of the Disposable Lids market.
India, Japan, and China dominate the Asian market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 5.1. Paper 5.2. Plastic 5.2.1. Polyethylene(PE) 5.2.2. Polypropylene(PP) 5.2.3. Polyethylene terephthalate (PET) 5.2.4. Polystyrene(PS) 5.2.5. Poly Lactic Acid(PLA) 5.2.6. Other Plastics 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Cups 6.2. Trays 6.3. Containers 6.4. Tumblers 6.5. Buckets & Tubs 6.6. Bowls 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Online Food Retail 7.2. Household 7.3. Institutional 7.4. Foodservice Outlets 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 8.1. Hypermarket 8.2. Supermarket 8.3. Convenience Stores 8.4. Online Retail 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Berry Global Inc. 17.2. Huhtamaki Oyj 17.3. Greiner Packaging International GmbH 17.4. Dart Container Corporation 17.5. Pactiv LLC 17.6. Genpak, LLC 17.7. Cambro 17.8. Carlisle FoodService Products Inc. 17.9. Airlite Plastics Co. 17.10. Cosmoplast 17.11. Michael Procos S.A. 17.12. Medac S.r.l. 18. Assumptions & Acronyms Used 19. Research Methodology
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