NEWARK, Del, Aug. 23, 2022 (GLOBE NEWSWIRE) -- The global coffee filter paper market emerged as a lucrative market that is bound to surge on a reverberating note exhibiting a CAGR of 4.9% throughout the assessment period 2022 and 2030, reaching a valuation of US$ 877.8 Mn by the year 2030.
The surging demand for coffee has become a part of everyone’s routine resulting in creating a significant demand for coffee filter paper in the last couple of years. Manufacturers are facing a persistent demand for coffee filter papers as their consumers are increasing at a phenomenal rate.
In comparison with the last couple of years, the consumption of coffee has seen a significant spike at a global level and this surge is not just witnessed in markets of Europe and North America which are anticipated to lead the global revenue but also in rapidly growing and developing markets in South and East Asia.
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Key Takeaways
- A reasonable surge is witnessed in product innovation combined with product maximization. These are among the prominent factors that are expected to bolster the coffee filter paper market growth across the continents.
- Backed by numerous benefits of coffee filters such as biodegradability, recyclable outlook, and compatibility are expected to attract a substantial portion of customers in the market. Furthermore, Europe and North America are expected to have a higher demand for the coffee filter market as compared to other regions.
- During the estimation period from 2022 to 2030, the demand for coffee filter paper is projected to experience an impressive boost on the back of varying lifestyles coupled with changing drinking patterns.
- A significant rise in the modern retail formats including hypermarkets, supermarkets, convenience stores, and specialty stores has been witnessed in the last couple of years. On this account, it has led to several positive changes in the coffee filter paper market.
- Changing consumer lifestyles and an increase in per-capita disposable incomes of consumers have boosted the growth of the organized retail sector, especially in Asia and MEA regions.
- The rising ease of availability of coffee filter paper with the help of retail outlets resulted in uplifting its sales and raising its popularity among the end users. The future growth outlook for the global retail sector is progressive and anticipated to induce a positive impact on the sales of coffee filter paper.
Competitive Landscape
Ahlstrom-Munksjö Oyj, Riensch & Held GmbH & Co.KG, BV Filtropa, TERRANOVA PAPERS SA, Neu Kaliss Spezialpapier GmbH, Melitta, Glatfelter Corporation, Purico Group Limited, KONOS GmbH, Animo B.V, Rockline Industries, Thomas & Green, Twin Rivers Paper Company are some of the key companies profiled in the full version of the report.
The key manufacturers in the coffee filter paper market all over the globe are continuously emphasizing product innovation and putting customers’ convenience at the epicenter. Several leading manufacturers in the market are coming up with innovative ideas by incorporating measuring markings on filter papers, each paper is equivalent to two tablespoons for easy, consistent filling.
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Similarly, several European-based manufacturers in the coffee filter paper industry offer different sizes of coffee filter paper, which is compatible with all types of domestic coffee drip machines and ultimately facilitates the coffee brewing process.
In addition to that, packing manufacturers all over the world are making themselves match the green trends. Such manufacturers are designing and manufacturing coffee filter paper with a lesser binding agent.
More Insights into the Coffee Filter Paper Market
According to the National Dairy Development Board, India has become one of the leading milk producers and the sixth largest producer of coffee all over the world. There is a significant rise of coffee drinkers among millennials in India which has resulted in making it a lucrative market in the global sphere.
According to the FMI analysis, the United States is expected to create a significant demand for coffee filter paper throughout the assessment period. This rising demand in the U.S. market is mainly driven by the daily drinking habit of coffee drink among the youth as well as adults.
The surge in consumption of coffee in commercial and institutional places is yet another primary reason for the boost in the coffee filter paper market within the United States. As per the International Coffee Organization, the United States has imported 1620 thousand tons of coffee on the back of massive demand.
According to the European Union countries like Germany consume 3,260 thousand tons of coffee in 2020, which was far from any other countries across the globe. This factor is estimated to create a substantial demand for coffee filter paper in the German market.
Key Segments Covered in Coffee Filter Paper Industry Research
Product Type
- Cone Filter
- Basket Filter
- V Cone Filter
- Disc Filter
- Drip Bag Coffee Filter
- Others
Material Type
- Bleached Paper
- Unbleached Paper
Thickness
- Up to 20 GSM
- 20 to 40 GSM
- Above 40 GSM
End-Use
- Commercial Use
- Institutional Use
- Household Use
Region
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Product USPs / Features
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Future Market Insights (ESOMAR certified 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 8-years.
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