- The key vendors in the Global Cups and Lids Market 2015-2019 are Huhtamaki Group, Georgia-Pacific LLC, Solo Cup Operating Corp. and WinCup Holdings.
London, 28 January 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Cups and Lids Market 2015-2019. One of the key trends upcoming in the market is the emergence of biodegradable plastics. Since environmental issues are a major concern for customers, cup and lid vendors have developed many sustainable materials such as biodegradable plastic that are environment friendly and more durable. The market is expected to grow at a CAGR of 5.75 percent during the forecast period of 2014-2019.
“Increased consumption of F&B products, alcoholic and non-alcoholic beverages, and other household products is driving the consumption of cups and lids in one form or another,” says Faisal Ghaus, Vice President of TechNavio Research.
“The esthetic appeal of packaging cups has ensured their usage in the packaging of F&B products, especially beverages and snacks.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.