Cup and lid market growing 5% annually

摘要

Demand is rising fast for cups and lids made from biodegradable, recyclable or recycled materials, according to a new market study from Freedonia. According to the study, 'World Cups & Lids', demand for all cups and lids will rise 5% annually until 2014, reaching $23.4bn (?16.3bn) in 2014. Factors contributing to the rising demand include the trend for convenience-oriented food and increasing personal income levels.