2021Global and China Cup and Lid Packaging Industry Development Status Research and Investment Prospect Analysis Report

2021Global and China Cup and Lid Packaging Industry Development Status Research and Investment Prospect Analysis Report

Cup lid packaging is mainly classified into paper type, plastic type and others. Paper-based cup lid packaging is the most widely used, accounting for approximately 68.45% of the market share in 2019.

Among the applications of cup lid packaging, beverage packaging accounts for a relatively high share, accounting for about 55.95% of global consumption in 2019.

Asia Pacific has been the largest region in the world for cup lid packaging in the past few years and will continue to grow in the coming years. the Asia Pacific market accounted for about 34.91% of the global market consumption in 2019, while the European and North American markets accounted for about 33.06% and 22.91%.

Huhtamaki, Graphic Packaging (International Paper), Koch Industries, Berry Global, and Dart Container are the major suppliers in the global cup lid packaging market.In 2019, these top five suppliers accounted for more than 19% of the global market share in 2019.

The global cup lid packaging market size reached $165.4 billion in 2020 and is expected to reach $237.1 billion in 2026, at a compound annual growth rate (CAGR) of 5.3%.

EUROPEAN COMMISSION PUBLISHED GUIDELINES ON SINGLE-USE PLASTIC PRODUCTS

On 31st May 2021, the European commission has published its most awaited guideline on single-use plastic products in accordance with Directive (EU) 2019/904 of the European Parliament and of the Council of 5 June 2019 on the reduction of the impact of certain plastic products on the environment.

The focus of this guidelines will be on, Balloons; Balloon sticks; Beverage containers with a capacity of up to three litres, including their caps and lids; Beverage stirrers; Cotton bud sticks; Cups for beverages; Cutlery (forks, knives, spoons, chopsticks); Food containers; Lightweight plastic carrier bags; Packets and wrappers; Plates; Sanitary towels; Straws; Tobacco products with filters and filters marketed for use in combination with tobacco products and Wet wipes. On 3 July 2021, ban on certain single-use plastic products will enter into force.

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