Strategies & Opportunities 2023-2032: Cups and Lids Market Potential Revealed


Posted November 9, 2023 by Jay_TBRC

The global cups and lids market size is expected to reach $15.08 billion in 2027 at a CAGR of 8.75%.

 
The Cups And Lids Global Market Report 2023, provides comprehensive information on the cups and lids market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

Learn More On The Cups And Lids Market’s Growth:
https://www.thebusinessresearchcompany.com/report/cups-and-lids-global-market-report

The global cups and lids market size is expected to grow from $9.86 billion in 2022 to $10.78 billion in 2023 at a compound annual growth rate (CAGR) of 9.39%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cups and lids market size is expected to reach $15.08 billion in 2027 at a CAGR of 8.75%.

Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample_request?id=10055&type=smp

Product innovation is a key trend gaining popularity in the cups and lids market. Major market players are concentrating their efforts on creating innovative products that include high-quality materials, customizable designs, improved functionality, and smart packaging. For instance, in July 2022, SOFi, a US-based creator of compostable paper SOFi Straws, launched a 100% biodegradable cup that eliminates the need for a plastic lid. The new SOFi Cup Carrier is composed of spunlace cotton, which is the same material as flushable wipes, and it is a recyclable, plastic-free, and bioplastic-free cup that will biodegrade naturally in landfills, soil, or marine habitats in 180 days. Additionally, it has four flaps that fold together to form a spill-proof lid and may be used with any of SOFi's paper straws which eliminates the need for a separate lid, saving businesses money.

The cups and lids market is segmented:
1) By Product: Cups, Lids

2) By Raw Material: Plastic, Paperboard, Foam, Other Raw Materials

3) By Application: Food And Beverage, Food Services, Retail, Other Applications

North America was the largest region in the cups and lids market in 2022.

The table of contents in TBRC’s cups and lids market report includes:
1. Executive Summary
2. Cups And Lids Market Characteristics
3. Cups And Lids Market Trends And Strategies
4. Cups And Lids Market - Macro Economic Scenario.
……...
28. Key Mergers And Acquisitions In The Cups And Lids Market
29. Cups And Lids Market Future Outlook and Potential Analysis
30. Appendix

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Issued By The Business Research Company
Country United States
Categories Business
Tags global cups and lids market
Last Updated November 9, 2023