Global Disposable Hot Cups & Lids Market: An Overview
Disposable hot cups & lids are a highly economical solution for serving customers at a food or beverage outlet, or serving a large number of guests in a gathering. Consumer preference is shifting towards disposable hot cups & lids due to the integrity of a single use food service product. Disposable hot cups & lids are highly preferred for serving tea and coffee due to the thermal insulating property of the disposable hot cups & lids. Usage of bio-degradable material for disposable hot cups & lids has made them nature-friendly, propelling the disposable hot cups & lids market globally.
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Global Disposable Hot Cups & Lids Market: Dynamics
The printing technology has advanced to print highly aesthetic graphics on the disposable hot cups & lids at economical prices. This has attracted various food and beverage outlets to opt for disposable hot cups & lids. The engineered design of hot cups & lids provides an additional advantage of supporting straws. The rising intolerance towards the usage of plastics has propelled the demand for biodegradable disposable hot cups & lids. On the other hand, a large amount of plastic waste collected due to the usage of disposable hot cups & lids has restrained the market for the disposable hot cups & lids. Although, the increasing economic availability of compostable disposable hot cups & lids has driven over the drawback of large waste collected. The highly aesthetic appearance and product integrity of disposable hot cups & lids have attracted a large number of consumers, resulting into rising demand of paper and other biodegradable disposable hot cups & lids globally by the food & beverage outlets. Several globally known food and beverage outlets such as Starbucks and McDonalds prefer disposable hot cups & lids made up of paper for serving beverages due to high printability and wide economic availability.
Global Disposable Hot Cups & Lids Market: Segmentation
The global disposable hot cups & lids market can be segmented on the basis of material as
Plastic
Polyester (PET)
Polypropylene (PP)
Polyethylene (PE)
PLA and others
Paper
Foam
Aluminum coated paper and others
The global disposable hot cups & lids market can be segmented on the basis of printability as
Printable
Non-printable
The global disposable hot cups & lids market can be segmented on the basis of capacity as
Below 200ml
200ml to 350ml
350ml to 500ml
500ml or above
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Global Disposable Hot Cups & Lids Market: Regional Outlook
The developed countries of North America and Western Europe are estimated to account for the high demand for bio-degradable disposable hot cups & lids which includes paper and bio-based plastics. On the other hand, the large population of the Asia Pacific and the highest demand for foodservice disposables in the region have created a large market size for disposable hot cups & lids in the Asia Pacific region. Disposable hot cups & lids of conventional plastics and paper are majorly preferred in the MEA region over bio-degradable plastic disposable hot cups & lids due to the dependency of the region on the imports from the Asia Pacific, Latin America and Western Europe regions. The Asia Pacific region is extremely rich in raw materials for manufacturing disposable hot cups & lids which are paper, plastics, foam, and aluminum, which has attributed to the economical availability of disposable hot cups & lids in the Asia Pacific region, and is the largest exporter of disposable hot cups & lids in the global market.
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Global Disposable Hot Cups & Lids Market: Key Players
Some of the key players of the disposable hot cups & lids market are
Plus Paper Foodpac Limited
Huhtamaki Inc.
Moducup, LLC
Zhejiang Pando EP Technology Co., Ltd.
Damati Plastics
PT Pola Paperindo Jayatama
Simply Lids
LBP Manufacturing LLC
F Bender Limited
Leetha Group of Industries
The research report presents a comprehensive assessment of the market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, material, capacity, material type and printability.
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