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Dec 21, 2023

Coffee Filter Paper Market is reaching US$ 877.8 Million by the year 2030, at a CAGR of 4.9%

Between 2022 and 2030, the market for coffee filter paper is expected to expand

Between 2022 and 2030, the market for coffee filter paper is expected to expand rapidly, growing at a CAGR of 4.9% to reach US$ 877.8 Mn by that year.

In the past few years, there has been a substantial increase in the demand for coffee filter paper due to the growing popularity of coffee as a daily beverage. Coffee filter paper demand is steady, which is good news for producers because coffee consumption is rising not only in developed areas like North America and Europe but also in emerging markets like South and East Asia.

ESOMAR-certified consulting firm Future Market Insights’ coffee filter paper market report expects a significantly positive outlook through 2022, expected to surpass nearly US$ 877.3 Mn. Rising demand for incorporating sustainable packaging solutions is primarily underpinning expansion prospects. Furthermore, FMI projects a CAGR of nearly 4.9% through 2030.

Global coffee consumption increased by 1.3% in FY 2020-22, as social distancing measures were enforced, reports the International Coffee Organization. While analysts project a significant upswing, apprehensions abound regarding a possible deficit onset. According to Brazilian forecasting agency CONAB, less than 50 million bags are likely to be harvested in April 2021, compared to 63 million bags the previous year. Hence, sales of coffee filters are likely to take a dip for the short term.

Fortunately, markets such as India are expected to post credible gains, with production likely to increase to 5.3 million bags, stimulated by favorable weather as yields of Arabica and Robusta varieties improve. In spite of the inconsistencies in coffee production, demand for coffee filter will continue rising amid adequate supply of coffee across organized retail sectors.

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"Prominent manufacturers are increasingly targeting emerging economies across the Asia-Pacific and South America, given their heightened global coffee production volumes, generating highly lucrative revenue pools for the upcoming forecast period," remarks an FMI analyst.

Key Segments Covered in Coffee Filter Paper Industry Research

Product Type

Material Type

Thickness

End-Use

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Key Takeaways from FMI's Coffee Filter Paper Market Study

Coffee Filter Paper Market- Prominent Drivers

Coffee Filter Paper Market- Key Restraints

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Competitive Landscape

Prominent coffee filter paper manufacturers in FMI's analysis include Ahlstrom-Munskjö Oyj., Riensch & Held GmbH & Co. KG, BV Filtropa, TERRANOVA PAPERS SA, Neu Kaliss Spezialpaper GmbH, Melitta, Glatfelter Corporation, Purico Group Limited, KONOS GmbH, Animo B.V., Rockline Industries, Twin Rivers Paper Company and Thomas & Green. Offering sustainable packaging solutions remains the core marketing strategy of a majority of these manufacturers.

In 2018, Ahlstrom- Munskjö Oyj inaugurated a new plant in Madisonville, US, for furthering its high performance filtration material business, in growing response to demand for high performance material across engine and industrial applications. The investment has also proven beneficial for furthering the company's packaging business, including coffee filter paper manufacturing.

Also, with regard to sustainable product offering, Riensch & Held manufactures the Finium® range of biodegradable paper tea and coffee filters. These unbleached paper filters are made of cellulose, manufactured without addition of adhesives or other binding agents.

What to Expect in Our Report?(1) A complete section of the Global Coffee Filter Paper market report is dedicated for market dynamics, which include influence factors, market drivers, challenges, opportunities, and trends.

(2) Another broad section of the research study is reserved for regional analysis of the Global Coffee Filter Paper market where important regions and countries are assessed for their growth potential, consumption, market share, and other vital factors indicating their market growth.

(3) Players can use the competitive analysis provided in the report to build new strategies or fine-tune their existing ones to rise above market challenges and increase their share of the Global Coffee Filter Paper market.

(4) The report also discusses competitive situation and trends and sheds light on company expansions and merger and acquisition taking place in the Global Coffee Filter Paper market. Moreover, it brings to light the market concentration rate and market shares of top three and five players.

(5) Readers are provided with findings and conclusion of the research study provided in the Global Coffee Filter Paper Market report.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact:Future Market Insights, Inc.Christiana Corporate, 200 Continental Drive,Suite 401, Newark, Delaware – 19713, USAT: +1-845-579-5705For Sales Enquiries: [email protected]Browse latest Market Reports: https://www.futuremarketinsights.com/reports