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Source：plas.vogel.com.cn

The recent “Global Cups and Lids Market Survey”shows that from now to 2017, the global demand for plastic cups and lids will grow at a rate of 5.9% per annum,reaching $13.9 billion. This rate outgrows the 5.0% annual growth of the all materials cups and lids global market. The all materials cups and lids market will reach $25.9 billion in 2017. The report was released by Freedonia Group Inc. based in Cleveland. U.S.A. The higher demand growth of plastics cups and lids is driven by the growth in drinking cup market, especially larger cup sizes. Some other driving factors also include thepopularity of special lids; for example,spill-proof lids for coffee mugs. As far as materials are concerned, polypropylene and PET will rise more than polystyrene. The fastest growing countries are India and China, followed by Indonesia, Russia, Brazil and Mexico.