Plastic Cups Industry
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December 8, 2009 Table of Contents INTRODUCTION 2 Industry/Product Category Overview 2 Market Size 2 Growth of Product Category 3 Recent Product Innovations 3 Market Sub-Segments 4 MARKET SECTOR RESEARCH 4 Differentiation 5 Value to Consumers 5 Fit in the Market 5 Pricing Strategies within Market 6 NEW PRODUCT INFORMATION 7 PRICING STRATEGY, TACTICS, AND THEORY 8 CONCLUSIONS 9 BIBLIOGRAPHY 11 Introduction Industry/Product Category Overview The Foodservice Packaging industry deals with plastic products such as plastic bowls, cups, plates and cutlery. The industry encompasses packaging for the home, commercial use and government institutions, such as schools and correctional facilities. Specifically, the product being developed belongs to the reusable cup category, in which the primary national competitor is Solo Cup Company. Although the Foodservice Packaging Industry was impacted by the economic situation, the challenges proved beneficial for the industry as they led to increase in product innovation. More notable, the "greening" of products, making them less harmful to the environment, has become a signal of the changing times. Additionally, the reason for the resiliency in some product categories in the industry, is the result of consumers downgrading their, spending on dining out and increasing their spending on home cooked meals. As consumers continue to downscale they will be looking for more disposable items to use in their homes. The foodservices packaging industry contains already established firms, such as Solo Cup Company, however, our product will service a niche in the market not effectively reached by other vendors. Market Size Recycled, reusable plastic wear finds its place in the disposable sector of the industry under the segment, "Cups and Lids." This market accounts for several segments of plastic ware: Cups and Lids, Containers, Dinnerware and others.
December 8, 2009 Table of Contents INTRODUCTION 2 Industry/Product Category Overview 2 Market Size 2 Growth of Product Category 3 Recent Product Innovations 3 Market Sub-Segments 4 MARKET SECTOR RESEARCH 4 Differentiation 5 Value to Consumers 5 Fit in the Market 5 Pricing Strategies within Market 6 NEW PRODUCT INFORMATION 7 PRICING STRATEGY, TACTICS, AND THEORY 8 CONCLUSIONS 9 BIBLIOGRAPHY 11 Introduction Industry/Product Category Overview The Foodservice Packaging industry deals with plastic products such as plastic bowls, cups, plates and cutlery. The industry encompasses packaging for the home, commercial use and government institutions, such as schools and correctional facilities. Specifically, the product being developed belongs to the reusable cup category, in which the primary national competitor is Solo Cup Company. Although the Foodservice Packaging Industry was impacted by the economic situation, the challenges proved beneficial for the industry as they led to increase in product innovation. More notable, the "greening" of products, making them less harmful to the environment, has become a signal of the changing times. Additionally, the reason for the resiliency in some product categories in the industry, is the result of consumers downgrading their, spending on dining out and increasing their spending on home cooked meals. As consumers continue to downscale they will be looking for more disposable items to use in their homes. The foodservices packaging industry contains already established firms, such as Solo Cup Company, however, our product will service a niche in the market not effectively reached by other vendors. Market Size Recycled, reusable plastic wear finds its place in the disposable sector of the industry under the segment, "Cups and Lids." This market accounts for several segments of plastic ware: Cups and Lids, Containers, Dinnerware and others.
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