CLEVELAND (Aug. 30, 1 p.m. ET) – U.S. demand for cups and lids will increase about 4.1 percent annually to reach $8.9 billion in 2016, according to a new report. Growth drivers include specialty beverages like premium coffee, specialty coffee drinks, iced coffee and smoothies sold by quick-service restaurants.
In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.
Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.