Market Size of Cups And Lids Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 17.16 Billion |
Market Size (2029) | USD 20.29 Billion |
CAGR (2024 - 2029) | 3.40 % |
Fastest Growing Market | Asia |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Cups and Lids Market Analysis
The Cups And Lids Market size is estimated at USD 17.16 billion in 2024, and is expected to reach USD 20.29 billion by 2029, growing at a CAGR of 3.40% during the forecast period (2024-2029).
- The rise in tea, coffee, and soft drinks consumption on account of a considerable increase in the population is one of the key factors catalyzing the demand for cups and lids globally. The burgeoning food and beverage (F&B) industry and the escalating order for disposable packaging in quick service restaurants (QSRs) to minimize the risk of leakage and spillage of different food products and beverages are influencing the market studied positively. The emerging trend of social gatherings on special occasions also drives the worldwide need for disposable plates, cups, lids, and other containers.
- Due to the increased demand for specialty drinks, e.g. coffee and milkshakes, there has been a sharp increase in demand for cups and lids within the packaging sector over these past years. Significant forces to market growth include the characteristics of cup and lid products such as lightweight, smooth rolled rims that are comfortable and secure for use on a pleasant and safe surface, snap fit, easy removal, leak-resistant applications, and cost-effectiveness.
- Consumers frequently grab convenient and functional drinks, such as RTD coffee and tea, energy drinks, and other beverages that can be consumed whenever and wherever they need a boost. As such, non-alcoholic drinks that offer functional and practical benefits that are relatively healthy and natural can appeal to busy consumers. Leveraging the natural, energy-boosting characteristics of electrolytes, vitamins, minerals, and other natural ingredients in new product formulations can help brands target tired consumers.
- The rise in urbanisation has led to an increasing number of consumers spending considerable time away from their homes, visiting and travelling into social venues, enjoying the weather or attending sporting events. As a result, when consumers are on the move, they drink more.Recently, in November 2022, more than 1.4 Million fans from across the globe visited Qatar for the FIFA World Cup 2022. Qatar rolled out the red carpet for a total of one million plus visitors for the FIFA World Cup and aims to attract up to 6 million a year by 2030.
- Moreover, the ban on plastic in various nations somehow hinders the growth of the market but the recyclability of paper is one of the key factors driving the growth of the paper cup and lids market. These cups can be recycled indefinitely because they are made of paper. Manufactured per environmental regulations, users benefit from the cost advantages of packaging while eliminating disposal concerns. It helps the vendors contribute to the sustainability goals through their products.
- Additionally, the war between Russia and Ukraine has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many global markets. The war has caused over 300 major Western companies' evacuation, including the widespread closures of packaging and production facilities in Ukraine and Russia. Uncertainty over when it will end has also led to some companies initially being reluctant to suspend activities, either scaling or shutting down operations.
Cups and Lids Industry Segmentation
Cups and lids are tableware and disposable packaging used in the food and beverage, and food service industries. They prevent spillage and maintain the temperature of the product. The products are offered in various materials and multiple sizes.
The cups and lids market is segmented by material (plastic, paper, and foam), by product (drinking cups, packaging cups, and other cups (portion cups, and food cups) and lids), by end-user (food and beverage, food service, and retail), and by geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), the Middle East and Africa (United Arab Emirates, Saudi Arabia, South Africa, Rest of Middle East & Africa). The market sizes and forecasts are provided in terms of value USD for all the above segments.
By Material | |
Plastic | |
Paper | |
Foam | |
Other Materials |
By Product | |
Drinking Cups | |
Packaging Cups and Other Cups (Portion Cups and Food Cups) | |
Lids |
By End-User Vertical | |
Food and Beverage | |
Foodservices | |
Retail and Other End User Verticals |
By Geography | ||||||
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Cups And Lids Market Size Summary
The Cups and Lids Market is poised for steady growth, driven by the increasing consumption of beverages like tea, coffee, and soft drinks, alongside the expanding food and beverage industry. The demand for disposable packaging, particularly in quick service restaurants, is on the rise as businesses seek to minimize leakage and spillage. Social gatherings and events further fuel the need for disposable cups and lids. The market is also benefiting from the growing popularity of specialty drinks, which has led to a surge in demand for packaging solutions that are lightweight, leak-resistant, and cost-effective. Urbanization and the trend of consumers spending more time away from home have contributed to the increased consumption of on-the-go beverages, further boosting market growth.
Despite challenges such as plastic bans in various regions, the recyclability of paper cups and lids presents a significant opportunity for market expansion. The market is also influenced by geopolitical factors, such as the Russia-Ukraine conflict, which has caused supply chain disruptions and economic sanctions affecting global markets. The food service industry, particularly quick-service restaurants, remains a key end-user, with major fast-food chains expanding their presence globally. In North America, the demand for single-serve packaging and specialty beverages is driving market growth, supported by the development of a robust coffee culture. The competitive landscape is marked by the presence of numerous players, with companies focusing on product innovation and strategic partnerships to enhance their market position.
Cups And Lids Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Food and Beverage Segment to Witness Significant Growth
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1.1.2 Growing Number of QSR Aids to Market Growth
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1.2 Market Restraints
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1.2.1 Various Regulations Pertaining to Plastic Usage
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2. MARKET SEGMENTATION
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2.1 By Material
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2.1.1 Plastic
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2.1.2 Paper
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2.1.3 Foam
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2.1.4 Other Materials
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2.2 By Product
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2.2.1 Drinking Cups
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2.2.2 Packaging Cups and Other Cups (Portion Cups and Food Cups)
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2.2.3 Lids
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2.3 By End-User Vertical
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2.3.1 Food and Beverage
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2.3.2 Foodservices
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2.3.3 Retail and Other End User Verticals
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 United kingdom
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2.4.2.2 France
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2.4.2.3 Germany
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2.4.3 Asia
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia and New Zealand
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2.4.4 Latin America
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2.4.4.1 Brazil
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2.4.4.2 Mexico
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2.4.5 Middle East and Africa
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2.4.5.1 United Arab Emirates
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2.4.5.2 South Africa
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2.4.5.3 Saudi Arabia
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Cups And Lids Market Size FAQs
How big is the Cups and Lids Market?
The Cups and Lids Market size is expected to reach USD 17.16 billion in 2024 and grow at a CAGR of 3.40% to reach USD 20.29 billion by 2029.
What is the current Cups and Lids Market size?
In 2024, the Cups and Lids Market size is expected to reach USD 17.16 billion.