Press release
Hot Drinks Packaging Market Rising with 3.3% CAGR with Associated British Foods, Jacobs Douwe Egberts, Nestle S.A, Strauss Group Ltd., Tata Global Beverages Ltd and Other Key Companies
MarketResearchFuture.com added New Report Named “Hot Drinks Packaging Market 2018: Global Industry Analysis, Market Growth and Opportunity Assessment, Segmentation by Material (Plastic, Glass and others), by Product (Tea, Coffee and others), and by Region | Outlook to 2023” to its Database.Market Synopsis of Hot Drinks Packaging Market
The key drivers contributing to the growth of the global hot drinks packaging market are high efficiency of packaging machines, energy and cost savings due to flexible packaging and increased concern of waste disposal & sustainability. Manufacturers are introducing several innovative packaging methods to preserve the quality of hot drinks like coffee, tea and others. Coffee producers are looking for sustainable packaging materials that aim at reducing recyclability expenses and transportation costs. Companies are investing in materials that are light and cause less environmental impact.
Hot drinks packaging is widely used in coffee, tea and other hot drink products. Roasted and ground coffee contributes highest to the overall growth. The restraining factor towards the growth of the market is the increased concern of coffee staling. Materials such as glass and plastic are used for packaging hot drinks. US contributes largely to the global hot drinks packaging market, majorly due to rising annual foodservice consumption of premium tea & coffee and the increasing number of health-conscious consumers.
The global hot beverage packaging market is forecasted to grow at a CAGR of 3.3% by the end of the forecasted period.
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Key Players
Associated British Foods, Jacobs Douwe Egberts, Nestle S.A, Strauss Group Ltd., Tata Global Beverages Ltd., Unilever, Apeejay Surrendra Group, Bettys & Taylors Group Ltd., Barry’s Tea, Cantarella Bros Pty Ltd and Eight O'Clock Coffee Company are some of the prominent players at the forefront of competition in the global hot drink packaging market and are profiled in MRFR Analysis.
Global Hot Drink Packaging Market - Competitive Analysis
Hot drink packaging industry has seen significant growth in last few years due to its demand from all income groups, and supportive government policies on food safety. The market is expected to show similar growth in coming time due to various technological advancement along with increased awareness about packaging and its harmful effects.
Amcor receives gold for Vento coffee packaging at DuPont Awards 2017. The global packaging company received a gold award in the Technological Advancement and Responsible Packaging categories for its Vento coffee packaging; silver for the 20-ounce Vitaminwater bottle in the Responsible Packaging category; and – in partnership with Crown Holdings Inc. – a gold award for Peelfit in the Technological Advancement and Responsible Packaging categories.
In Jan 2018, created through a partnership between Gosport Borough Council and paper cup manufacturer Huhtamaki, the scheme will pilot a collection and recycling service for used coffee cups for residents and businesses. It will provide dedicated cup recycling bins at sites across Gosport including the ferry port (used by commuters as well as tourists) and council-owned premises such as the town hall and the leisure centre, with plans to extend collection points to main high street locations, local offices and transport providers in the future.
In July 2017, following the successful launch of the Draft Latte, a distinctive crafted coffee drink using Crown’s InnoValve technology, La Colombe Coffee Roasters and CROWN Beverage Packaging North America, a business unit of Crown Holdings Inc., have partnered again to bring another unique experience to coffee lovers everywhere. The MiniVault, a pre-portioned single-use can, delivers café quality ground coffee to consumers in a vessel that is both convenient for at-home use and extends the shelf life up to five times.
Global Hot Drink Packaging Market - Segments
Global Hot Drink Packaging Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Material : Comprises – Plastic, Glass and others
Segmentation By Product : Comprises – Tea, Coffee and others
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World
Global Hot Drink Packaging Market - Regional Analysis
APAC accounts for the largest market share in the hot drink packaging market. It is expected to experience the fastest growth during the forecasted period due to the economic growth of China and India. The region offers flourishing market for such technological advanced packaging solutions. The increasing dependency on store bought hot drinks, and the changing consumption patter along with the increasing demand of packaged food and beverages in countries like China and India has spiked the market growth.
Furthermore the growing awareness towards food safety and harmful effects of the packaging material used for food & beverages has induced the growth in aseptic type of packaging in Asia Pacific region. The governments have also seen promoting the food safety regulations.
North America has witnessed increased investment in the R&D and product innovation as far as packaging is concerned. Furthermore, the stringent food safety policies in the countries of the U.S. and Canada drives the demand of Hot Drink Packaging in the beverage sector.
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Product Analysis
• Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information
• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators
Geographic Analysis
• Geographical analysis across 15 countries
Company Information
• Profiling of 10 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies
Brief TOC :
1. Executive Summary
2. Research Methodology
3. Market Dynamics
4. Global Market, By Packaging Type
5. Global Market, By Technology
6. Global Market, By Application
7. Global Market, By End-user
8. Regional Market Analysis
9. Competitive Analysis
10. Conclusion
11. List Of Tables
12. List Of Figures
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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