Global demand for plastic cups and lids will increase 5.9% per annum, outstripping overall market growth of 5%, according to a new report.
While the market for all cups and lids will grow 5% to £17.2bn in 2017, the market for plastic cups and lids will increase 5.9% to £9.2bn over the same period, says the Freedonia report.
Demand in plastic materials will be driven by growth in drinking cups, especially larger sized drinking cups, as well as growth in speciality lids, such as those used to prevent coffee spillages.
In terms of material, PP and PET will make advances at the expense of PS. And the countries that will experience the highest growth rates are India
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