Coffee Packaging Market Trends

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

• Higher Prices associated with the Raw Material
• A Decline in Supply-Chain due to COVID-19
• Requirement for Higher Initial Investment