The restaurant industry is still the dominant demand of PET plastic cup market in promoting the development of the catering industry with PET and PET cup lid.
According to the Cleveland market research company Freedonia group, PET plastic products such as cup lid need to 4.
The annual growth rate of rise, from 4% in 2018 to market capitalisation of $10 billion.
Soft drinks is an important source of income of the restaurant and foodservice operators is becoming more and more soft drinks and pay attention to the introduction of the.
Analysts Esther Palevsky said.
These factors will drive the high value of the cup and the demand of the lid, such as paper hot cups lid, PET cups and characteristics.
In addition, with more and more cities ban ban or restrict the use of disposable expanded polystyrene products, restaurant for the demand of sustainable development, gradually stop using foamed plastic food tray
cups, price higher demand outlook and enhance cup.
In 2013, the food industry demand for cup and lid accounts for two-thirds of the total demand, the future demand for the industry is still the main market.
In different types of glass, because consumer trends and convenience, portability, PET cup demand growth speed is the fastest.
With the change of the competitive landscape, paper cups, PET cups will become the largest drinking cup in demand.
As for foamed plastic cup, on the one hand, environmental factors will limit its demand, on the other hand, the commercial production of recycled plastic cup will threaten its demand, because of heat preservation and heat insulation performance of recycled plastic food tray cup is similar to the foam plastic food tray cup.
PET lid demand growth will be more than the cup, with 4.
The annual growth rate of rise, from 7% in 2018 to market capitalisation of $1. 3 billion.
Factors include: to promote the growth of the restaurant and the development of the retail store food and beverage to go service using the lid, drinking cup, add features, raise prices, the integrity of the packaging cup gradually increase, will form a complete set of different types of lid.
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