U.S. demand for cups and lids projected to reach $10 billion

07/09/2014

The growing foodservice industry is driving demand for cups and lids, with demand estimated to expand 4.4 percent per year to $10.0 billion in 2018, according to The Freedonia Group, a Cleveland-based industry market research firm.

"Demand will be propelled by the important role of beverages as revenue generators for restaurants and a growing focus on specialty beverages among foodservice operators," said analyst Esther Palevsky. These factors will drive growth for higher value cup and lid products, such as paper hot cups, polyethylene terephthalate (PET) cups,and specialty lids.
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