Global Paper Cup Lids Market: Overview
Paper cups are used by the retailers and brand owners for beverage packaging which mainly includes coffee, cold drinks, tea, and ice cream among other packaging. As the name suggests paper cup lids are used to cover paper-based cups. The paper based packages requires specific lids which are lighter in weight. Paper cup lids are made up of either paper or plastic material. The paper cup lids market is estimated to have significant growth during the forecast period, as the demand for paper cups is increasing worldwide. Paper cup lids are also used for branding and marketing purposes, as it is consumer appealing. The change in perception of the consumers towards paper based packaging solutions is growing the demand for paper cup lids. The paper cup lids are customizable according to the consumer requirement. The paper cup lids are used according to the end use, for instance, dome lids are mainly used by the restaurants and cafes. In recent years, significant change in beverage industry due to introduction of different cold drinks and flavored dairy products have increased the paper cup lids market growth.
Global Paper Cup Lids Market: Dynamics
Manufacturers & brand owners in the beverage industry are focusing towards paper-based products, boosting the demand for paper cup lids. A popular example of differentiation of the brand owner’s strategy is a foodservice outlet named Starbucks, which has created a benchmark in annual consumption of paper cups. Followed by similar instances, paper cup manufacturers are getting a boost in the market growth, eventually creating demand for paper cup lids. The paper cup lids are used for applications in the beverage industry which includes tea, coffee, cold drink among others.
Global Paper Cup Lids Market: Segmentation
On the basis of material type, the global paper cup lids market has been segmented as
On the basis of product type, the global paper cup lids market has been segmented as
- Steam hole Lids
- Straw Slot Lids
- Dome Lids
On the basis of end use application, the global paper cup lids market has been segmented as
- Tea & Coffee
- Cold Drinks
- Ice cream
- Flavored Milk
Global Paper Cup Lids Market: Key Players
- Dart Container Corporation
- Huhtamaki Oyj.
- Medac S.r.l.
- International Paper Company
- CEE R.Schisler company
- Michael Procos S.A.
- Modi Sp. z o.o.
- Pola Paperindo Jayatama
- Damati Plastics
- Lollicup USA
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