PACKAGING, DISPOSABLES & RECYCLING That’s a full lid


Considered one of the most vibrant and dynamic industries in the world, the growing food service market is contributing to the demand for biodegradable lids


T


he market is expected to grow from 241 million US dollars in 2022 to 416 million US dollars by the end of 2032


according to Future Markets Insight.


The growth of the food processing industry and on-the-go meals is thought to have boosted the food service industry while rising demographic dynamics and surging internet penetration among generation Z is further fuelling the packaging market, including the biodegradable lids market. Moreover, high-quality, safe food consumption for youth, coupled with hygienic packaging, is believed to be generating high revenues in the global foodservice packaging market. Other factors adding to this growth


are the consumption of caffeinated and carbonated beverages outdoors, which is giving rise to the use of biodegradable cups, lids, and straws.


KEY TAKEAWAYS FROM THE RESEARCH • By material, the paper segment is projected to account for around 62% of the biodegradable lids market value share by the end of 2022.


• Europe biodegradable lids market currently accounts for 28% of the total market share across the globe.


20 | vendinginternational-online.com


• Germany is estimated to hold around 22% of the Europe biodegradable lids market share by the end of 2022.


DEMAND FOR SPILL-PROOF CUPS WITH BIODEGRADABLE LIDS Biodegradable lids are made to ensure a tight fit to the cup, reducing the likelihood of leakage. In order for the consumer to enjoy the product without worrying about leaks or spills, biodegradable lids are carefully crafted and snap-locks are put within the cup. For instance, fiber lids from Zume Inc.


are made to perfectly snap-lock onto coffee cups. Their ability to prevent spills is becoming more and more popular in the online food delivery industry as a large number of restaurants and cafes look for packing materials that enable leak-free product delivery. This increases sales of fiber lids in the online food delivery sector. Overall, spill prevention benefits provided by biodegradable lids would create a new growth opportunity for numerous market players during the assessment period.


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