Freedonia In The News

Article Title: Cups and lids market boosted by food packaging
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Publication: PlasticsToday, 8/31/2012
Freedonia Study: Cups & Lids (2935)

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U.S. demand for cups and lids is forecast to increase 4.1% per year to $8.9 billion in 2016, with growth driven by above average gains for food packaging cups and a favorable outlook for foodservice revenues. Industry market research firm, The Freedonia Group Inc., lays out the market forecast in a new report entitled Cups & Lids. The report states that the growing importance of specialty beverages among foodservice operators will be a key factor, with many quick-service restaurants placing greater emphasis on products like premium coffee, specialty coffee drinks, iced coffee, and smoothies, among others.
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Article Title: US raises a cup (and a lid) to plastic
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Publication: Plastics & Rubber Weekly, 8/30/2012
Freedonia Study: Cups & Lids (2935)

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Demand in the US for quick-service food and drink products is expected to push the value of the country's plastic cups and lids sector to $9bn (£5.7bn) by 2016. A new forecast by research group Freedonia said the value of the plastic cups and lids market was expected to grow 4.1% a year over the next four years, driven by factors such as the growing importance of specialty drinks among foodservice operators.
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Article Title: US Demand for Cups and Lids to Approach $9 Billion in 2016
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Publication: Tooling, 9/14/2012
Freedonia Study: Cups & Lids (2935)

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Although drinking cups will continue to dominate, the fastest gains are anticipated in the packaging cup segment due to solid outlooks for demand in key packaging cup-using markets such as yogurt, coffee and tea, and fresh fruits and vegetables. Additionally, advances will be driven by expanding applications where cups satisfy consumer demand for portable, convenient, single-serving packaging, or can help reinvigorate sales of mature products. Above average growth for food cups will stem from trends such as the increased presence of oatmeal in quick service restaurants and coffee and snack shops, and the exponential growth of self-service frozen yogurt shops.
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