How big is the cups and lids packaging market today, and what are its future growth expectations?
The cups and lids packaging market size has grown strongly in recent years. It will grow from $32.19 billion in 2024 to $35.04 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increasing consumption of beverages, expansion of quick service restaurants, rise in single-serve and takeaway culture, expansion of food delivery services, and increasing urbanization.
The cups and lids packaging market size is expected to see strong growth in the next few years. It will grow to $48.96 billion in 2029 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to the growing need for individualized and customized packaging solutions, growing demand for specialty beverages, increasing emphasis on specialty beverages, increasing popularity of fast food, growing use of environmentally friendly and sustainable materials, and increase in demand for eco-friendly cups and lids. Major trends in the forecast period include technological advances, digital printing technologies, smart packaging, biobased plastics, and innovative lid designs.
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What key drivers have fueled the cups and lids packaging market’s development over the years?
The rising demand for the food and beverage industry is expected to propel the growth of the cups and lids packaging market going forward. Foods and beverages encompass consumable items, including solid and liquid nourishment, typically consumed for sustenance and enjoyment. The food and beverage industry is increasing due to changing consumer preferences, globalization, technological advancements, e-commerce, health and wellness trends, sustainability initiatives, and regulatory factors. Cups and lids packaging is a fundamental component of the food and beverage industry, enhancing convenience, safety, and customer satisfaction while offering branding and sustainability opportunities. For instance, in September 2022, according to a report published by Statistics Sweden, a Sweden-based government agency, the revenue generated from food and beverage sales reached $29.85 billion (SEK 334 billion), marking a 2.9 percent growth. This growth can be attributed to a 2.5 percent rise in sales volume and a 0.4 percent uptick in the prices of food and beverages. Therefore, the rising demand for the food and beverage industry is driving the growth of the cups and lids packaging market.
What is the segmentation for the cups and lids packaging market?
The cups and lids packaging market covered in this report is segmented –
1) By Product Type: Cups, Lids
2) By Material: Paper, Plastic, Other Materials
3) By Application: Food, Non-Food
Subsegments:
1) By Cups: Paper Cups, Plastic Cups, Foam Cups, Plant-Based Or Biodegradable Cups, Other Specialty Cups (Aluminum, Glass)
2) By Lids: Plastic Lids, Paper Lids, Foam Lids, Aluminum Lids, Plant-Based Or Biodegradable Lids, Other Specialty Lids
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Who are the most influential companies in the cups and lids packaging market?
Major companies operating in the cups and lids packaging market are International Paper Company, Berry Global Inc., Graphic Packaging International LLC, Georgia-Pacific Consumer Products LP, Pactiv LLC, Huhtamäki Oyj, Reynolds Consumer Products Inc., Dart Container Corporation, Novolex Holdings Inc., The Brakes Group Limited, Solo Cup Company, Fabri-Kal Corporation, Airlite Plastics Co., WinCup Holdings Inc., Printpack Inc., Lollicup USA Inc., Koch Industries Inc., Seda International Packaging Group S.p.A., Eco-Products Inc., Polar Plastics Corporation, Dopla S.p.A., Kent Paper Inc., R+R Packaging Ltd.
What are the top industry trends projected to impact the cups and lids packaging market?
Major companies operating in the cups and lids packaging market focus on developing innovative products, such as recyclable packaging products, to sustain their position in the market. Recyclable packaging products are materials designed to be processed and reused through recycling systems, reducing waste and conserving resources. These products are made from materials that can be collected, processed, and re-manufactured into new products, thus contributing to environmental sustainability. For instance, in August 2023, Novolex Holdings Inc., a US-based packaging company, launched food packaging recyclable containers. These packaging solutions are crafted from eco-friendly materials such as biodegradable plastics, recycled paper, and plant-based fibers, ensuring they can be quickly processed and reused through standard recycling systems. They are designed to maintain the freshness and quality of desserts and baked goods, with moisture-resistant and airtight properties.
What are the major regional insights for the cups and lids packaging market, and which region holds the top position?
North America was the largest region in the cups and lids packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cups and lids packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Cups And Lids Packaging Market Report 2025 Offer?
The cups and lids packaging market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Cups and lids packaging refers to the combination of containers and corresponding covers used primarily for storing and serving beverages and food items. This packaging solution is designed to provide convenience, hygiene, and portability for both hot and cold beverages and various types of foods.
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