Cups and Lids US industry forecasts to 2010 and 2015
Released on = April 20, 2007, 11:40 pm
Press Release Author = Bharat Book Bureau
Industry = Marketing
Press Release Summary = US cup and lid demand to reach $6.3 billion in 2010 Demand for cups and lids is projected to exceed $6 billion in 2010. Gains will be driven by continued growth in disposable personal income levels and a favorable outlook for foodservice revenues, especially in high-volume cup and lid consuming segments like quick service restaurants, coffee and snack shops, and convenience stores.
Press Release Body = Cups & Lids US industry forecasts to 2010 & 2015
US cup and lid demand to reach $6.3 billion in 2010 Demand for cups and lids is projected to exceed $6 billion in 2010. Gains will be driven by continued growth in disposable personal income levels and a favorable outlook for foodservice revenues, especially in high-volume cup and lid consuming segments like quick service restaurants, coffee and snack shops, and convenience stores. Drinking cup and lid prospects will benefit from heightened demand for larger cups and specialty lids.
Packaging cups to lead gains While drinking cups will continue to dominate the market, the packaging cup segment will post the fastest gains, fueled by expanding applications for singleserving packaging offering convenience and portability in a variety of foods. Yogurt, one of the largest single packaging cup applications, will continue to benefit from trends toward healthier eating, which will drive product manufacturers to continue to expand their yogurt offerings via a steady stream of items in new flavors and textures, or the introduction of products with additional health benefits or products targeting specific demographic cohorts, such as children.
Lids to outpace cups Lid demand will outpace cup demand, attributable to an expanding market for takeout beverages and food, along with growing demand for higher-value specialty lids. Best advances are anticipated for flexible and rigid lids for packaging applications based on continued strong growth for single-serving cup packaging. A favorable outlook for foodservice revenues will also boost demand for portionsized cups for packaging items such as creamers, butter and sauces, which will in turn support heightened lid demand.
Foodservice market to remain dominant The foodservice market, which accounted for nearly 70 percent of demand in 2005, will remain the dominant cup and lid market. A number of trends will fuel growth, including a shift to larger cups, the importance of custom printing on cups and the expanded availability of premium coffee in quick service restaurants and convenience stores. Continued favorable revenue expansion in the coffee and snack shop segment will also stimulate strong opportunities for cups and lids, as many of these establishments use higher-value paper hot cups and specialty lids. Moderating gains to some extent will be intensified competition resulting from heavy marketing of premium coffee beverages by other foodservice outlets. Cup prospects in the retail market will be aided by continued demand for at-home casual entertaining, where disposable cups are valued for their convenience in terms of cleanup as well as sanitary advantages. Cross-merchandising with related seasonal goods will also support demand. Medical and dental markets will remain a niche area of the cup and lid market, with moderate advances tied to population gains and aging demographics.
Study coverage This new Freedonia industry study, Cups & Lids, is priced at $4300. It presents historical demand data for 2005 as well as forecasts to 2010 and 2015 by type, material and market. The study also considers market environment factors, evaluates company market shares and profiles 40 US industry competitors.
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