Technology growth

Coffee Filter Paper Market Innovations, Technology Growth

The coffee filter paper market report by certified consulting firm ESOMAR Future Market Insights predicts a significantly positive outlook through 2022, which is expected to exceed nearly US$877.3 million. The growing demand for integrating sustainable packaging solutions is mainly supporting the prospects for expansion. Furthermore, IMF forecasts a CAGR of nearly 4.9% through 2030.

Global coffee consumption grew by 1.3% in the 2020-22 financial year as social distancing measures were enforced, reports the International Coffee Organization. While analysts predict a significant recovery, apprehensions abound as to the possible appearance of a deficit. According to the Brazilian forecasting agency CONAB, less than 50 million bags are expected to be harvested in April 2021, compared to 63 million bags the previous year. Therefore, sales of coffee filters are expected to decline in the short term.

Fortunately, markets like India are expected to show credible gains, with production likely to increase to 5.3 million bags, boosted by favorable weather conditions as yields of Arabica and Robusta varieties improve. Despite the inconsistencies in coffee production, the demand for filter coffee will continue to increase amid an adequate supply of coffee in the organized retail sectors.

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“Leading manufacturers are increasingly targeting emerging economies in Asia-Pacific and South America, given their increased global coffee production volumes, generating highly lucrative revenue pools for the forecast period. to come,” noted an IMF analyst.

Key Segments Covered in the Coffee Filter Paper Industry Research:
type of product
cone filter
Basket Filter
V-cone filter
Disc filter
Drip Bag Coffee Filter
Others

type of material
Bleached paper
Unbleached paper

Thickness
Up to 20 GSM
20 to 40 GSM
Above 40 GSM

End use
commercial use
Institutional use
Domestic use

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Key Takeaways from IMF Coffee Filter Paper Market Research:

By product type, cone and basket coffee filters to generate half of total revenue
20 to 40 GSM coffee filter papers will almost double throughout the forecast period
Strong adoption is expected across institutional frameworks, generating over $100 million in incremental opportunities
Preference for unbleached coffee filters should register a significant slope
The United States accounts for more than four out of five coffee filter paper sales in North America
Growing number of specialty coffees to fuel sales across UK
Brazil will remain the world’s powerhouse in coffee filter paper, given its lucrative share in global coffee production

Coffee Filter Paper Market – Key Drivers

Growing demand for paper-based packaging to promote sustainability drives sales
The easy availability attributed to the growing development of organized retail is increasing the penetration of coffee filter paper
Emerging markets such as Brazil and India are expected to become key coffee filter paper manufacturing hubs, due to increased coffee production

Coffee Filter Paper Market – Key Constraints

Preference for low-calorie beverages limits global coffee consumption, driving down sales of coffee filter paper
The availability of substitutes such as automatic and semi-automatic filtering machine poses a significant challenge

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Competitive landscape

Key coffee filter paper manufacturers in IMF 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 BV, 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, USA to expand its high performance filtration materials business, in response to growing demand for high performance materials for engines and industrial applications. The investment also proved beneficial for the development of the company’s packaging activities, including the manufacture of coffee filter paper.

Additionally, in terms of sustainable product offerings, Riensch & Held manufactures the Finium® line of biodegradable paper tea and coffee filters. These unbleached paper filters are made of cellulose, manufactured without the addition of adhesives or other binders.

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Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

This press release was published on openPR.