World demand for cups and lids still strong


World demand for cups and lids is projected to rise 5% per year to $23.4 billion in 2014, according to the latest study from The Freedonia Group Inc., a Cleveland-based industry market research firm. Factors contributing to rising demand will include growth in foodservice revenues and trends toward convenience-oriented food options as a result of fast-paced lifestyles and increasing personal income levels.

Biodegradable, recyclable and recycled materials will be in big demand for cups and lids, and will post “robust advances” as consumers increasingly want eco-friendliness. This will put pressure on foodservice establishments and packaging producers to reduce their environmental footprint, especially in developed countries with more established environmental regulations....
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