Freedonia In The News
Article Title: Cup and lid market growing 5 percent annually
Publication: Plastics News, 3/17/2011
Freedonia Study: World Cups & Lids (2741)
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CLEVELAND (March 17, 11:45 a.m. ET) -- Demand is rising fast for cups and lids made from biodegradable, recyclable or recycled materials, according to a new market study from Freedonia Group Inc.
According to the study, “World Cups & Lids,” demand for all cups and lids will rise 5 percent annually through 2014, reaching $23.4 billion in 2014. Factors contributing to the rising demand include trends toward convenience-oriented food and increasing personal income levels.
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