Demand for plastic cups and lids to rise 5 percent annually

EUROPEAN PLASTICS NEWS

Published: July 15, 2013 2:53 pm ET
Updated: July 15, 2013 2:55 pm ET

Related to this story

Topics Food service Packaging
Companies & Associations

Global demand for plastic cups and lids will increase 5.9 percent per year through 2017, outstripping overall market growth of 5 percent, according to a new report.

While the market for all cups and lids will grow 5 percent to $25.9 billion in 2017, the market for plastic cups and lids will increase 5.9 percent to $13.9 billion over the same period, according to the report, "World Cups & Lids," from Cleveland-based Freedonia Group Inc.

Demand in plastic materials will be driven by growth in drinking cups, especially larger sized drinking cups, as well as growth in specialty lids, such as those used to prevent coffee spillages.

In terms of material, polypropylene and PET will make advances at the expense of polystyrene. And the countries that will experience the highest growth rates are India and China, followed by Indonesia, Russia, Brazil and Mexico.


Comments

Demand for plastic cups and lids to rise 5 percent annually

EUROPEAN PLASTICS NEWS

Published: July 15, 2013 2:53 pm ET
Updated: July 15, 2013 2:55 pm ET

Post Your Comments


Back to story

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events