Analysis by Packaging Type (Bags & Pouches, Stick, Cans, Containers & Boxes, Sacks, and Others); by Material (Glass, Plastic, Metal, Paper & Paperboard, and Others); by Distribution Channel (Retail and Institutional Sales); and by Application (Hospital, Office, Residential, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033
Buy Now
Regionally, the global coffee packaging market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Europe region is projected to hold the largest market share by the end of 2033. The growth of the market in the region can be accounted to the constantly growing number of coffee shops and a rising number of tourists visiting Europe. For instance, nearly 25,000 cafes and coffee shops were estimated to be operating in Europe in 2019. Moreover, escalation in government initiatives is further expected to propel the growth of the market over the forecast period.
The global coffee packaging market is further classified on the basis of region as follows:
Growth Drivers
Increasing Production and utilization of Coffee - For instance, in 2022, about 350 thousand metric tons of coffee were produced solely in India.
A higher number of population across the globe consume coffee owing to its health and energy-boosting properties. Coffee contains caffeine and other significant active substances that can lighten the mood, reduce inflammation, and prevent certain types of disease. Additionally, it can also prevent type 2 diabetes and diseases associated with the heart and liver. Hence, such a higher consumption of coffee is expected to fuel the market growth over the forecast period.
Convenient Recycling of Coffee Cups - In the United Kingdom, more than 3 billion cups are utilized per year, and 1 in every 400 cups is recycled.
Significant Increment in the Number of Tourists Worldwide - As of 2022, nearly 150 million tourist arrivals were observed and further forecasted to grow exponentially.
Spiking Demand for Coffee Owing to Health Benefits- It was noticed in 2018 that consuming 2 to 5 cups of coffee every day can be helpful reduce the cardiovascular diseases risk by 15%.
Skyrocketing Utilization of Coffee in Skincare Products - It is estimated that in 2022, the global skin care segment reached approximately USD 8 billion.
Challenges
The global coffee packaging market is segmented and analyzed for demand and supply by application into hospital, office, residential, and others, out of which, the residential segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the higher consumption of coffee at home by the global population. It was observed that approximately 75% of Indians consume coffee during breakfast and about 150 million bags of coffee weighing 60 kilograms were consumed by the global population in 2021.
Our in-depth analysis of the global coffee packaging market includes the following segments:
|
By Packaging Type |
|
|
By Material |
|
|
By Distribution Channel |
|
|
By Application |
|
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: Significant increment in the number of tourists worldwide is estimated to majorly boost the market growth.
Ans: The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023 – 2033.
Ans: Higher prices associated with the raw material are estimated to challenge the market growth.
Ans: The market in Europe region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are Thermos L.L.C., Keurig Dr Pepper Inc., KeepCup, Crown Holdings, Inc., Syntegon Technology GmbH, DS Smith plc, ProAmpac LLC, Mondi plc, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue-generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by packaging type, material, distribution channel, and by region.
Ans: The residential segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Submit Your Request For Proposal (RFP)
