Strawless Lids Market Analysis - Global Industry Size, Share, Trends and Forecast 2020 - 2027

Flourishing beverage industry across the globe, increasing government regulations related to beverage selling and manufactures approach towards adoption of cost-effective and easy operational solution are major factors expected to drive the growth of global strawless lids market.

There is gradual increase in number of beverage manufacturers in developed countries. In 2016, the EU food & beverage industry generated a turnover of €1,118 billion and a value added of €236 billion. In 2016, Spain had the largest number of beverage companies with a total of 4,474, followed by France with 3,504. Manufacturers are spending high on development of innovative drinks according to customer need. Consumer’s preference for tea and coffee is increasing with the rise in busy schedule demand for ready to drink beverage products is gaining importance. Coffee consumption in the US amounted to 27.16 million 60-kilogram bags in the 2018/2019 fiscal year. This is an increase from the total U.S. coffee consumption in the previous fiscal year, at 25.56 million 60-kilogram bags.

Government is imposing various rules in order to lower the adoption of plastic due to rising concern for environment this is lowering the use of straws for beverage consumption. In the U.S. 500 million straws are used every single day which is increasing the damaging the environment drastically. In the beginning of July 2018, Seattle became the largest U.S. city to ban plastic straws. This is encouraging players for product development they are focused on development of product that increases the functional and operational efficiencies.  Business development activities by major players in order to enhance the customer base and increase the revenue through introduction of innovative products is important factor expected to segment the growth of strawless lids market.

In 2020, Starbuck multinational coffeehouse giant introduced strawless lids as standard for iced beverages in the US and Canada. This is expected to help the company to enhance the business and increase the customer base.

In 2019, Lollicup Coffee & Tea manufactures & distributes of paper & plastic disposable foodservice products introduced their new product Strawless™ Sipper Lids this is expected to help the company to increase the product portfolio and enhance the customer base.

Government of developing countries is providing better business opportunities which are attracting players across the globe. Their approach towards enhancing the business in emerging economies in order to increase the business presence is reasonable factor impacting the growth of strawless lids market. Factors such as stringent government regulations related to use of plastic and high cost of production are expected to hamper the growth of global strawless lids market. In addition, availability of other alternatives is expected to challenge the growth of strawless lids market.

However, factors such as high investment by players for product development and focus on development of product with eco-friendly material are factors expected to create new opportunities for players operating in the strawless lids market. In addition, increasing focus on partnership to enhance the distribution channel is expected to support the revenue transaction of the target market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share in the global strawless lids market due to stringent government regulation related to use of plastic straw. In addition, presence of large number of players operating in the country and introduction of innovative solutions are factors expected to support the growth of target market. Major players approach towards enhancing the business through strategic acquisition is expected to boost the growth of target market.

Competitive Landscape      

The global smart wallet market is high highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Report coverage

Market	Global Strawless Lids Market
Analysis Period	2016 – 2027
Base Year	2019
Forecast Data	2020 – 2027
Market Stratification	Material, Product, End Use, and Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

Strawless Lids Market Segment Analysis, 2019

The global strawless lids market is segmented into material, product, and end use. The material segment is bifurcated into polypropylene and polyethylene terephthalate. Among the material the polyethylene terephthalate segment is expected to account for significant revenue share in the target segment.  The product segment is divided into hot cup lid and cold cup lid. Among the product the hot cup lid segment is expected to account for major revenue share in the global market.

The players profiled in the report Berry Global, Dart Container Corporation, Bordex Packaging, Karat, and Pactiv.  

Market Segmentation

Market By Material Type

Polypropylene

Polyethylene Terephthalate

Market By Product Type

Hot cup lid

Cold cup lid

Market By End-Use

Food Service

Household

Market By Region

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa