WhatTheyThink

Coffee Packaging Global Market to Grow at CAGR of 6.4% and is Forecast to Reach by 2026 by TMR Study

Press release from the issuing company

According to TMR, the Global Coffee Packaging Market is expected to grow at a CAGR of 6.4% during the forecast period. Factors such as rapid rise in the consumption of coffee globally followed by existing brands, rapid growth for coffee in hotels, restaurants, and office cafeterias are fueling the market growth. However, improper packaging of coffee among the manufacturers is hindrance for the growth of the market. Moreover, as coffee have anti cancer properties acts as the future opportunities for the growth of the market.

Coffee packaging keeps coffee fresh for longer time and has a direct impact on the taste of the beans. In addition, every coffee producing company needs to distinguish itself from its competitors and packaging is one of the easiest ways to achieve it.

Based on Material Type, Polyethylene Terephthalate segment propels the market share during the forecast period. PET provides a much better packaging solution for the various types of coffee available on the shop shelves such as whole or pre-ground beans as well as soluble coffee powder and granules. By geography, Asia Pacific region is driven by the RTD coffee is one of the major soft drinks category in Japan, and over half of global sales still occur there. This is expected to fuel the demand for coffee packaging market in this region.

Some of the key players in Coffee Packaging market include Bemis Co., Inc, Pacific Bag, Inc, Crown Holdings Inc, Min Lee Packaging Materials Co., Ltd , Jmei Packaging Company Limited, Poly Pak Plastics, DS Smith PLC, Amcor Ltd, Mondi PLC , ProAmpac LLC, Packmate Packaging Co., Ltd, Graham Packaging Company, L.P, Novolex Holdings, Inc., Dejili Packing Material Co., Ltd., and Color Hoyo Paper & Plastic Products Co., Ltd.

Visit More Information: https://www.trendsmarketresearch.com/report/sample/11437 

Discussion

Join the discussion Sign In or Become a Member, doing so is simple and free