Technology Use in Coffee Packaging & Its Market Growth
The recent market research analysis of “Coffee Packaging Market: Global Demand Analysis & Opportunity Outlook 2033” by Research Nester delivers an in-depth competitors analysis and a detailed overview of the global coffee packaging market in terms of market segmentation by packaging type, material, distribution channel, and by region over the forecast period, i.e., 2023-2033.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with a detailed discussion on current and future market trends that are associated with the growth of the global coffee packaging market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market are poised to gain significant momentum in the next few years.
Coffee packaging market to find numerous growth opportunities on the back of increasing demand for recyclable coffee finds, Research Nester
The global coffee packaging market is estimated to grow majorly on account of the higher consumption of coffee and increasing arrivals of tourists across the globe. As of 2022, India was estimated to produce nearly 350 thousand metric tons of coffee. Additionally, the spiking utilization of coffee in cosmetics and skyrocketing demand owing to its health benefits is further expected to fuel the growth of the market over the forecast period. For instance, in 2022, the skin care segment worldwide was valued at about USD 8 billion.
The global coffee packaging market is segmented on the basis of application into hospital, office, residential, and others. The residential segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. The growth of the segment can be ascribed to the increment in coffee consumption in household settings. For instance, nearly 75% of the Indians were estimated to be including coffee in their breakfast.
By region, the Europe coffee packaging market is to generate the highest revenue by the end of 2033. This growth is anticipated by a higher number of cafes and coffee shops in the region. In 2019, the number of cafes and coffee shops selling coffee in Europe was estimated to be nearly 25,000. Moreover, a surge in tourist arrivals and the presence of the population more inclined to drink coffee is further estimated to hike the growth of the market during the forecast period.
The research is global in nature and covers detailed analysis on the coffee packaging market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global coffee packaging market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
This report also provides the existing competitive scenario of some of the key players of the global coffee packaging market which includes company profiling of YETI COOLERS, LLC., Thermos L.L.C., Keurig Dr Pepper Inc., KeepCup, Crown Holdings, Inc., Syntegon Technology GmbH, DS Smith plc, ProAmpac LLC, Mondi plc, Winpack Ltd., The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global coffee packaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.