NEW YORK, Aug. 31 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
US demand to increase 4.4% annually through 2014
Demand for cups and lids is expected to increase 4.4 percent per year to $8.2 billion in 2014. Gains will be driven by expanding foodservice revenues and favorable prospects for foodservice packaging cups. In addition, cup and lid demand will be supported by heightened emphasis on premium coffee by quick service restaurants and continued introductions of alternative beverages in foodservice establishments to offset the maturity of the soft drink segment. Moreover, value gains will be bolstered by increasing demand for environmentally friendly cups, such as cups made from higher-value biodegradable resins or recycled content. Demand for cups and lids in value terms will be restrained to some extent by moderating raw material prices. In unit terms, cup and lid demand will advance 2.8 percent per year to 453 billion units in 2014.
Growth in packaging cups to outpace drinking cups
While drinking cups will remain the dominant cup type, packaging cups will register faster gains due to continued expansion in key applications such as yogurt, ice cream novelties and dry coffee as well as further development of newer uses where cups provide convenience, portability and portion control. In addition, innovations such as lidded single-serving ketchup cups that allow either dipping or squeezing will boost packaging cup demand at the expense of conventional flexible packets. Among drinking cups, plastic cups will have the fastest growth as they continue to make inroads into paper cup applications for cold drinks in both the foodservice and retail markets. Foodservice paper hot cups will also log rapid increases, driven by expanding sales of premium coffee in quick service restaurants and other foodservice locations.
Gains in lids to outpace cups
Growth in lid demand will outpace cup demand, bolstered by an increasing percentage of drinking cups using lids, heightened demand for more costly specialty lids and continued solid gains for single-serving packaging cups. Faster growth is expected for flexible and rigid lids in packaging applications due to continued popularity of single-serving sizes, further development of new applications and extensions of existing product lines with cup packaging.
Foodservice to remain dominant market
The foodservice market, which represented 68 percent of demand in 2009, will remain the dominant cup and lid market. Although market maturity of the large soft drink segment will moderate gains, advances will be bolstered by fountain dispenser innovations that enable users to customize beverage flavors. Other growth factors include expanded beverage menus in quick service and other restaurants; trends toward larger and more expensive drinking cup sizes; and heightened demand for more costly but more environmentally friendly products, such as cups made from biodegradable resins or incorporating significant amounts of recycled content. Cup and lid demand in the food packaging market will post faster gains, aided by continued healthy growth in yogurt and continued popularity of single-serving microwaveable cups for soups, entrees and other foods. Retail and other markets will advance at a slower pace, although gains will be supported by convenience advantages and increased demand for higher-value environmentally friendly cups.
This new industry study presents historical demand data (1999, 2004 and 2009) plus forecasts for 2014 and 2019 by product and market. In addition, key strategic and competitive variables are discussed and profiles of 37 cup and lid manufacturers, including Solo Cup, Dart Container and Georgia-Pacific, are given.
To order this report: US Cups & Lids Market
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