Dublin, June 30, 2015 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/q725p7/cups_and_lids) has announced the addition of the "Cups and Lids Market in US 2015-2019" report to their offering.
The cups and lids market in the US to grow at a CAGR of 4.88% percent over the period 2014-2019
Cups and lids provide support, protection, and resistance to tampering. Cups and lids aid in the reliable distribution of beverages in the value chain and reduce post-production damage to F&B products. The different types of material used in the manufacture of cups and lids are plastic, paper and paperboard, metal, foil, and other materials. Vendors in the cups and lids market in the US are continually working toward inventing technologies and developing materials that can prevent contamination of dairy products in cups. The demand for cup and lid packaging is growing because of the increasing popularity of smaller multipacks.
Biodegradable plastics are easily decomposed by microorganisms and are less toxic to the environment than conventional plastics. Biodegradable plastics are made from petrochemicals with biodegradable additives. The adoption of biodegradable materials such as polyvinyl alcohol, polyanhydrides, and polylactic acid by the manufacturers of cups and lids will reduce the market share of conventional plastics over the next few years. In addition, vendors are increasingly adopting biodegradable plastics as a substitute to avoid hefty penalties because of stringent environmental regulations.
According to the report, demand for specialty beverages is increasing and is expected to become a stand-alone product in the market. Many restaurants and food stalls offer beer. For instance, in the US, restaurants such as Starbucks, Burger King, and Sonic serve beer. Growing health consciousness is expected to increase the consumption of beverages with fruits and vegetables during the forecast period. Hence, these factors have increased the demand for cups and lids in the US market.
Further, the report states that shortage of skilled labor hinders the growth of the cups and lids market in the US.
Key Vendors
- Georgia Pacific
- Huhtamaki
- Solo Cup
- Sonoco
- WinCup
Other Prominent Vendors
- Consolidated Container
- Eco-Products
- Fabri-Kal
- Genpak
- International Paper
- Letica
- LidWorks
- Lollicup
- Pactiv
- Plastipak Industries
- Reynolds Group
- Sweetheart Holdings
- Total Packaging Solutions
- Viora Lid
- Wholepack
- Wipak Group
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- US: Country Overview
- Market Landscape
- Market Segmentation by Material
- Market Segmentation by Product
- Market Segmentation by End-user
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/q725p7/cups_and_lids