The global coffee pouch market is anticipated to accumulate a market value of US$ 822.87 million in 2023 and is expected to garner a valuation of US$ 1,450 million by exhibiting a CAGR of 5.8% in the forecast period 2023 to 2033. The coffee pouch market reflected a growth of 4% CAGR in the historical period 2018 to 2022. Booming coffee sales, driven by rising consumption of coffee among millennials and Gen Z, is a key factor driving the market growth of coffee pouches. Increasing preference for pouch-form packaging among them is shaping the contours of the market evolution.
The rise in demand for pouches in the coffee packaging market is supplemented by many benefits including being lightweight in nature, flexible, and having less space. More importantly, such type of packaging requires significantly less raw material. A push towards the adoption of renewable packaging solutions will help the paper coffee pouches to expand substantially. During the forecast period, the paper segment will grow by 1.3x which will benefit in the expansion of the overall market. Paper coffee packaging with valves and with windows is witnessing high demand from companies in the coffee packaging market.
On the other hand, the surge in demand for on-the-go beverages has led to the need for re-closable stand-up coffee pouches as they offer convenience to consumers. Furthermore, changing lifestyles and food & beverage choices among consumers and changing beverage packaging technology are further fuelling product demand.
Increasing awareness of the environmental impact of plastics and unsustainable business practices has encouraged consumers to demand higher standards of eco-friendly products. This is supplementing the market growth.
North America is projected to dominate the market by withholding more than 38.7% market share by end of the forecast period. Factors such as rising coffee consumption and the powerful presence of companies like Black Rifle Coffee Company and Colectivo Coffee Roasters in the region are primarily responsible for the region’s growth.
Asia Pacific, on the other hand, is projected to advance at the fastest CAGR of 5.6% during the forecast period. India and China have emerged as potentially lucrative with increasing production and export of coffee from these countries. All emerging economies combined are expected to account for more than half of the shares of the Asia Pacific market.
Data Points | Key Statistics |
---|---|
Expected Market Value in 2023 | US$ 822.87 million |
Projected Market Value in 2033 | US$ 1,450 million |
Growth Rate (2023 to 2033) | 5.8% CAGR |
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Recent developments and breakthroughs in technology, mergers, acquisitions, tie-ups, and partnerships within the companies involved in manufacturing coffee pouches are expected to create lucrative opportunities for market growth during the forecast period.
In the recent times, the consumption and popularity of coffee as a hot drink has remarkably increased at a global level. This has reflected into the significant market growth of coffee pouch. Advancements in the technology has given the innovative packaging types for coffee such as custom packaging pouches or sachets which help while transportation and use of biodegradable materials are anticipated to drive the market in the forecast period.
For an instance, an American packaging company, which is offering attractive packaging options with recyclable material, high quality and cost effective, prevented loss of product. Coffee has accounted highest revenue in the last year among all the beverages, which helped coffee pouch to establish better position in the global market. The coffee pouch market is gaining traction due to the growth in the overall coffee market demand.
Growth in demand for coffee pouch is expected to grow strongly for several reasons. Highly efficient coffee packaging machines which preserves the quality and taste is a major factor gaining profit for the coffee pouch market growth. The increasing awareness about the usage of environmental friendly products worldwide, boost the demand of coffee pouch in the forecast period.
The latest trends like technologically advanced packaging pouches with flexible packaging such as ease in opening and closing, pressurised sealed pouches and temperature sensitive, gaining tremendous demand of coffee pouch in the current market. Ground and roasted coffee remarkably contributing to the growth of the overall coffee pouch market.
There are few factors that affect negatively the demand of coffee pouches. The availability of alternative solutions such as plastic containers which are easily usable for further purposes at a domestic level may hamper the demand of the coffee pouch. Additionally, COVID-19 pandemic has impacted on the beverage and packaging industries at a large extent.
The pandemic is anticipated to show a significant impact on the supply chain and product demand in next couple of years. This further will become an major restraining factor of coffee pouch market.
Geographically, North America is seem to be dominating market for coffee pouch among other regions, owing to the rise in consumption of coffee in these regions. And this trend will rise over the next few years because of the powerful market players and well established companies like Black Rifle Coffee Company and Colectivo Coffee Roasters in the region. Europe holds a remarkable market share in the coffee pouch market.
Key countries from this region are Germany, Italy, the United Kingdom and France. Developed regions with high buying power of the high population are motivating regional market players to invest in R&D and cater consumers with best outcomes.
Asian countries are the next fast growing region and which is anticipated to expand with higher CAGR. Elements like increased disposable income are creating more demand coffee pouch, in developing regions like Latin America and the MEA. Additionally, Asian developing economies, China and India are expected to remain leading markets in the region due to the availability raw material supply and large number of skilled labours.
Some prominent players in the global coffee pouch market are as below:
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on coffee pouch market segments and geographies.
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