Global Spoon in Lid Packaging Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028.
Spoon in lid packaging is a type of packaging that includes a spoon that is part of the lid and is used in the packing of food items. Rising number of consumption of food items from restaurants, hotels, motels, and fast-food establishments, the unique notion of spoon in lid packaging is gaining traction. These packing items are usually made from recyclable materials. For instance, according to Statista, rise in number of quick service restaurant franchise in the United States. For instance, according to Statista, in 2009, there were 1,50,316 number of QSRs which increased up to 1,96,794 in 2019. Along with this, rise in consumption of ready meal is driving the demand for the market. According to Statista, frequency of ready meal consumption is increasing year-over-year in United Kingdom. Such as, in 2019 3,410 thousand people were consuming ready meals more than once a week, which surged to 5,328 thousand in 2020. Furthermore, the rise in online shopping, increased acceptability of these channels, and rising desire for simple-to-use packaging all benefit the spoon in lid packaging industry. Along with this, in the projection period of 2022 to 2028, the rise in internet penetration, particularly in emerging economies, provides profitable prospects for market players. On the other side, a lack of technological understanding, particularly in developing nations, is projected to restrict market expansion.
The key regions considered for the global Spoon in Lid Packaging Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe dominates the spoon in Lid Packaging Market. Asd the growing number of food manufacturers in the region, North America is predicted to experience rapid expansion from 2022 to 2028. Whereas, North America is also anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as growing number of food businesses in the region are embracing the concept of a spoon in the lid packaging to enhance sales of their product offerings in retail locations.
Major market players included in this report are:
Dart Container Corporation
Georgia-Pacific
Huhtamaki Oyj
Greiner Packaging International GmbH
Frugalpac Limited
James Cropper plc
Berry Global Inc.
Pactiv LLC
Genpak, LLC
ConverPack, Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed inPackaging Formatation about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Material Type
Polyethylene (PE)
Polypropylene (PP)
Paper
Polyethylene Terephthalate (PET)
Others
By Packaging Format
Cups
Tubs
By Application
Dairy Products
Bakery Products
Food Products
Other Products
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019, 2020
Base year - 2021
Forecast period - 2022 to 2028
Target Audience of the Global Spoon in Lid Packaging Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
