Spoon In Lid Packaging Market is set to reach US$ 1,558.8 Mn in 2026 - TMR

Spoon in Lid Packaging Market- Europe to dominate the Market during the Forecast Period 2017-2026

Albany, New York, UNITED STATES

Albany, New York, Jan. 03, 2018 (GLOBE NEWSWIRE) -- Strong competition in packaging market is driving the companies to invest in innovation, in order to ensure success. Companies across the globe are redesigning their product packaging to offer convenience to the end user. Among various packaging trends, spoon-in-lid packaging trend is gaining a lot of traction in the market. Spoon in lid packaging solution is becoming popular among various dairy products including desserts, yogurt, ice-cream, etc. Manufacturers are offering small size spoon two-piece spoon as per the convenience, type of the product and size of the container. Spoon-in-lid packaging is being widely used in ice-cream packaging enabling consumers to consume the product in a hygienic manner. Increasing number of brands are moving towards spoon in lid packaging as it leads to the efficient and safe transportation of the product. Spoons used in spoon in lid packaging are lightweight and are attached in such a way that it stays securely in the place and can be removed easily by consumers.

Increasing consumption of frozen food is also driving the spoon in lid packaging market. However, increasing use of plastic to make spoon to be used in lid packaging is one of the factors hampering the growth as the contact with the plastic may affect the product inside the package. Meanwhile, manufacturers are working on developing spoons with other material that can replace plastic. For instance, the concept of edible cutlery is gaining popularity among the manufacturers.

Some of the prominent players operating in the global spoon in lid packaging market are SP Containers, Polyoak, Plasticos Regina, ITC Packaging, RPC Group, Fourmark Manufacturing, Greiner, Coveris, Parkers Packaging, and Fairpoint Plastic.

Global Spoon in Lid Packaging Market to Witness Strong Growth during the Forecast Period 2017-2026

As per the new report by Transparency Market Research (TMR), the global spoon in lid packaging market is expected to register 19.7% CAGR. By the end of 2026, the global spoon in lid packaging market is estimated to reach US$ 1,558.8 million revenue.

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The global market for spoon-in-lid is segmented on the basis of material type, packaging format, application, and region. Based on the material type, the market is segmented into Polyethylene (PE), Paper, Polypropylene (PP), Polyethylene Terephthalate (PET), and others. Among these, Polyethylene (PE) is expected to be the largest used material in the production of spoon in the lid.

Application segment is further segmented into dairy products, bakery products, food products, and others. Spoon in lid packaging is likely to find the largest application in dairy products between 2017 and 2026.

Based on the packaging format, the market is segmented into cups and tubs. Tubs are expected to witness the highest growth during 2017-2026.

Europe to Dominate the Global Market for Spoon in Lid Packaging

Europe is likely to remain dominant in the global spoon in lid packaging market between 2017 and 2026. Growth in the food and beverages industry, especially dairy sector is driving the market growth in the region. Increasing trend towards handy out-of-home products with packaging that is recyclable and convenient is also resulting in the growth of the spoon in lid packaging. Moreover, increasing number of manufacturers are introducing spoon-in-lid packages for yogurt, desserts, ice-creams, and other dairy products in Europe. Manufacturers are also focusing on developing spoons using eco-friendly material, lightweight spoon and in folded form in lid for yogurt and ice-cream. Biggest drivers in food industry across various regions are on-the-go and single-serve convenience.  

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