Category

Spoon-In Lid Packaging Market - Forecast From 2019 To 2024

108 pages
Published on : Jun 2019
Report Code : KSI061612689

Description

Global spoon-in lid packaging market is expected to grow at a compound annual growth rate of 7.22% over the period 2019 to 2024 to reach a market size of US$460.779 million by 2024 from US$303.256 million in 2018. The growing innovation in packaging of products by manufacturers is a key factor responsible for the advent of spoon in lid packaging. The consumption of packed food and beverage is on a rise resulting in increased demand for packed products which is further expected to fuel the demand for spoon in lid packaging. The growing preference for ready to eat products and easy to use packaging is also anticipated to boost the market for spoon in lid packaging during the forecast period. Moreover, the easy to use property of this packaging is projected to augment to demand for spoon in lid packaging market during the forecast period. Additionally, the use of eco-friendly and biodegradable materials is anticipated to widen-up the growth opportunities for the market during the forecast period. However, the growing regulations and environment concerns regarding the use of plastics is expected to hinder the market growth. Asia-Pacific is anticipated to hold a significant market share due to the rising consumption of packed foods and increasing food and beverage industry in the region. North America is also expected to be a prominent region.

DRIVERS

Rising demand for packed foods.

Growing dairy industry.

RESTRAINTS

Government rules and regulations regarding use of plastic.

The major players profiled in the spoon-in lid packaging market include Fourmark Manufacturing, Parkers Packaging, RPC Group Plc, Fairpoint Plastic, Greiner AG, Double H Plastics Inc., ITC Packaging, Constantia Flexibles, SP Containers, Polyoak.

Segmentation

The spoon-in lid packaging market has been analyzed through the following segments:

By Material

Polyethylene 

Polypropylene

Paper

PET

Others

 

By Application

Food

Dairy

Bakery

Others

 

By Packaging

Tubs

Cups

 

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Spain

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others

OUR CLIENTS