Plastic Lid Market to Reach US$ 125.6 Billion by 2034, Increasing Demand for Beverages Boosting Sales of Plastic Lids| Future Market Insights Inc. [Yahoo! Finance]
Berry Global Group, Inc. (BERY)
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Source: Yahoo! Finance
The market in China is expected to progress at a CAGR of 6.0% through 2034 NEWARK, Del, April 09, 2024 (GLOBE NEWSWIRE) -- With a market value of US$ 75.6 billion in 2024, the plastic lid market is outgrown to reach US$ 125.6 billion in 2034, registering a CAGR of 5.20% through 2034. The popularity of plastic lids is mainly due to their convenience, durability, and versatility. They are lightweight, stackable, and easy to handle, making them ideal for packaging and storage. Plastic lids can be produced in various shapes, sizes, and colors, allowing manufacturers to customize their packaging solutions according to branding requirements. One of the most significant challenges is the environmental impact of plastic waste. With rising global awareness of sustainability, consumers are increasingly looking for eco-friendly options. Manufacturers are responding to this demand by developing biodegradable plastic lids. However, the lack of recycling infrastructure poses a risk to the eco
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