The global demand for Strawless Lids Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Kilo Ton in 2021 and forecast to touch XX Kilo Ton by 2028 with a CAGR of XX% during 2022-2028.
Strawless lids allow sipping on drinks without the aid of a single-use plastic straw. The strawless lids not only allow sipping but protect the contents and seal the cups correctly. It eliminates straw and wrapper waste, reduces SKU count, is cost-effective, has an easy operational solution, and creates a more significant consumer experience. Strawless Lids is available in two versions: sipper, drinking spout, and can, drink can effect. Strawless lids are a vital milestone for eliminating plastic straws.
Market Dynamics
Increasing government regulations related to food & beverage packaging and the manufacturer's approach towards adopting the sustainable solution are factors driving the global strawless lids market. There has been seen a lot more public awareness around sustainability in packaging. Strawless lids are gaining robust popularity due to the brand's efforts to prevent an estimated one billion straws a year from ending up in landfills. Several regions have banned straw due to their potential contribution to waste generation. This has caused a shift towards strawless lids. Companies are innovatively bringing strawless lids with new technologies. However, the presence of stainless steel straw is projected to hamper the growth of the market.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of strawless lids. The growth and trends of Strawless Lids Industry provide a holistic approach to this study.
Market Segmentation
This section of the strawless lids market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Material
- Polypropylene
- Polyethylene Terephthalate
By Product Type
By End User
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Strawless Lids market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Strawless Lids Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the strawless lids market include Berry Global, Dart Container Corporation, Bordex Packaging, Karat, and Pactiv. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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