By 2022, the global fiber lids market is projected to reach a valuation of US$ 41.8 Million, and it is anticipated to witness substantial growth at a CAGR of 5.6% throughout the forecast period, eventually reaching US$ 72.0 Million by 2032.
Fiber lids are lightweight and versatile packaging solutions that are primarily used for sealing various food and beverage containers. These lids are typically made from paperboard, which is a type of cardboard composed of thick paper fibers. The paperboard used in fiber lids is sturdy and durable, providing excellent protection for the contents inside the container.
Fiber lids come in various shapes and sizes to fit different containers, such as cups, bowls, and trays. They are designed to be easily applied and securely sealed, keeping the contents fresh and preventing leaks. The lids can be customized with branding and designs, making them an ideal choice for food service establishments looking to enhance their brand image.
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Key Takeaways from Fiber Lids Market
- Based on the source, the natural fiber segment is estimated to remain the leading segment in the global fiber lids market during the forecast period as natural fiber is more sustainable than synthetic fiber. The natural fiber segment is projected to account for around 75% of the market share by the end of 2032.
- The food service outlets segment by end-user is expected to generate hefty demand for the fiber lids market. The same segment is projected to register a CAGR of 5.1% during 2022-2032 due to the rapidly increasing number of food service outlets across the globe which fuels the demand for fiber lids.
- South Asia region is projected to create a growth opportunity for the global fiber lids market. The major factor propelling the growth of fiber lids in the South Asia market is the availability of raw materials such as sugarcane which gains traction among the fiber lids manufacturers.
“The end-user brands focusing towards gaining sustainability goals create a growth opportunity for the fiber lids due to its composability & biodegradability feature. Also, the fiber lids are suitable for hot as well as cold beverages which gains momentum in the market. Thus, the growing number of food service outlets along with the adoption of sustainable packaging products augment the sales of fiber lids” – says an FMI analyst
The Major Key Players Are:
- Liplid AB
- Scandicore AB
- Pactiv LLC
- Green Olive Environmental Technology (Dongguan) Co. Ltd.
- Be Green Packaging
- Eurasia United Equipment Group Co., Ltd.
- Transcend Packaging Ltd.
- Pacqueen Industrial (Shanghai) Co., Ltd.
- Tridas, s.r.o.
- WorldCentric
- others
Fiber Lids Market Trends
- Growing Demand for Sustainable Packaging: With increasing environmental awareness, consumers are actively seeking sustainable packaging solutions. The Fiber Lids Market has witnessed a surge in demand as businesses and individuals alike prioritize eco-friendly options. This trend is expected to continue as sustainability remains a key focus in the packaging industry.
- Shift from Plastic to Fiber Lids: The adverse effects of plastic pollution have led to a global movement against single-use plastics. As a result, many businesses are transitioning from plastic lids to fiber lids to align with sustainability goals and meet consumer expectations. This shift is driving the growth of the Fiber Lids Market.
- Rising Popularity of Takeout and Delivery Services: The recent surge in online food delivery services and takeout orders has created a significant demand for reliable and secure packaging solutions. Fiber lids, with their excellent sealing properties, have become a preferred choice for restaurants and food delivery platforms to ensure spill-proof transportation and maintain food quality.
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Fiber Lids Market Landscape
The key players operating in the global fiber lids market are
- Huhtamaki Oyj,
- Stora Enso Oyj,
- Zume Inc.,
- Liplid AB,
- Scandicore AB, and
- Pactiv LLC.
Also, some of the other noticeable players in the market include
- Be Green Packaging,
- Transcend Packaging Ltd.,
- Tridas, s.r.o.,
- WorldCentric,
- Green Olive Environmental Technology (dongguan) Co. Ltd., and
- others.
Fiber Lids Market Report
Future market insights, in its new report, offers an unbiased analysis of the global fiber lids market, analysing historical demand from 2015-2021 and forecast statistics for 2022-2032. The study reveals market growth projections on the fiber lids based on the source (natural fiber and synthetic fiber), diameter (less than 60 mm, 60-80 mm, more than 80 mm), end-user (foodservice outlets, online food delivery, and institutional) across seven regions.
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Fiber Lids by Category
By Source, Fiber Lids is Segmented as:
- Natural Fiber
- Synthetic Fiber
By Diameter, Fiber Lids Market is Segmented as:
- Less than 60 mm
- 60-80 mm
- Above 60 mm
By End-user, Fiber Lids is Segmented as:
- Foodservice Outlets
- Online Food Delivery
- Institutional
By Region, Fiber Lids Market is Segmented as:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa (MEA)
- Oceania
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