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
Coffee Packaging Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
4.6% |
|
Base Year Market Size (2025) |
USD 1.87 Billion |
|
Forecast Year Market Size (2035) |
USD 2.93 Billion |
|
Regional Scope |
|
