Global market for spoon in lid packaging is set to grow from US$ 309.7 Mn in 2017 to US$ 1,558.8 Mn in 2026.
Albany, NY -- (SBWIRE) -- 01/30/2018 -- In the present time, the spoon-in-lid packaging is being widely used in ice-cream packaging enabling consumers to eat the product in a hygienic manner. Over the years, spoon in lid packaging has developed as an advanced and compact packaging solution. In the coming years, such packaging solutions are likely to become even more popular owing to their user-friendly properties. Recently, Market Research Hub (MRH) has broadcasted a study titled "Spoon In Lid Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026" to its wide repository, which presents a complete perspective on global spoon in lid packaging market's evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn). The readers will gain access to vital information regarding current trends and future propositions of the market.
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Report Inclusions & Key Insights
The geographical segmentation is also included in the report which analyzes the scope of the market in different regions including North America, Europe, Asia Pacific excluding Japan, Latin America, and the Middle East and Africa. According to the research key findings, the global market for spoon in lid packaging is set to rise from US$ 309.7 Mn in 2017 to US$ 1,558.8 Mn in 2026, replicating a CAGR of 19.7%.
Spoon in lid packaging solution is becoming popular among various dairy products including desserts, yogurt, ice-cream, etc. In order to gain a competitive edge in the market, manufacturers are offering small size spoon two-piece spoon as per the convenience, type of the product and size of the container. As such, the product often attracts more consumers when kept on a display shelf. The spoons that are attached in the lid is sturdy, lightweight and remains intact. The aforementioned factors are expected to drive the adoption of spoon in lid packaging in the years to come. Moreover, the research finds that due to the growing popularity of packaged food item in Europe, market is expected to spearhead the global spoon in lid packaging market in 2017 and beyond.
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Furthermore, the market has been segmented on the basis of material type, packaging format, and application. Based on the material type, the market is segmented into Polyethylene (PE), Paper, Polypropylene (PP), Polyethylene Terephthalate (PET), and others. Of these, Polyethylene (PE) is expected to be the largest used material in the production of spoon in the lid. On the basis of application, dairy products segments hold the maximum share in global market for spoon in lid packaging market.
Another vital section of the report is competitive landscape featuring some of the top companies, their products and business strategies, and their standing in the global market. Key market participants in the global market for spoon in lid packaging include SP Containers, Plasticos Regina, Greiner, Polyoak, ITC Packaging, Coveris, Fairpoint Plastic, Fourmark Manufacturing, RPC Group, and Parkers Packaging.
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