Global Coffee Packaging Market Size, Forecast, and Trend Highlights Over 2023 - 2033
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~5% |
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Base Year Market Size (2022) |
~USD 1000 Million |
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Forecast Year Market Size (2033) |
~USD 7000 Million |
The global coffee packaging market is estimated to garner a revenue of ~USD 7000 million by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 1000 million in the year 2022. The growth of the market can be accounted to the increasing consumption of coffee across the globe. For instance, approximately 40% of the global population were anticipated to consume coffee per day.
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Global coffee packaging market trends such as, an up-surged export and import volume of coffee and the growing number of coffee-based cosmetics products are projected to influence the growth of the market positively over the forecast period. For instance, in 2021, nearly 4000 thousand 60 kilogram bags of coffee were exported from India alone. Moreover, the demand for recyclable coffee packaging and the rising inclination of people toward coffee on the back of its health properties are further anticipated to hike the growth of the market over the forecast period. Based on the data released by the UN Environment Programme, it was noticed that 400 million tons of plastic waste are produced every year. Hence, such factors are anticipated to hike the growth of the market over the forecast period.
Global Coffee Packaging Market: Growth Drivers and Challenges
Growth Drivers
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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.
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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.
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Significant Increment in the Number of Tourists Worldwide - As of 2022, nearly 150 million tourist arrivals were observed and further forecasted to grow exponentially.
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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%.
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Skyrocketing Utilization of Coffee in Skincare Products - It is estimated that in 2022, the global skin care segment reached approximately USD 8 billion.
Challenges
- Higher Prices associated with the Raw Material
- A Decline in Supply-Chain due to COVID-19
- Requirement for Higher Initial Investment
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.
Global Coffee Packaging Market Regional Synopsis
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:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Market Segmentation
Our in-depth analysis of the global coffee packaging market includes the following segments:
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By Packaging Type |
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By Material |
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By Distribution Channel |
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By Application |
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Top Featured Companies Dominating the Global Coffee Packaging Market
- YETI COOLERS, LLC.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Thermos L.L.C.
- Keurig Dr Pepper Inc.
- KeepCup
- Crown Holdings, Inc.
- Syntegon Technology GmbH
- DS Smith plc
- ProAmpac LLC
- Mondi plc
- Winpack Ltd.
