Coffee Filter Paper Market Innovations, Technology Growth and Research 2022-2030

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
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

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Key Takeaways from FMI's Coffee Filter Paper Market Study :

By product type, cone and basket coffee filters to generate half of the total revenue
20 to 40 GSM coffee filter papers to expand nearly twofold throughout the forecast period
High uptake is expected across institutional frameworks, generating over US$ 100 Mn incremental opportunity
Preference for unbleached coffee filters is expected to register a significant incline
US to account for over four out of five coffee filter paper sales across North America
Growing number of specialty coffee shops to fuel sales across the UK
Brazil to remain the global coffee filter paper powerhouse, given its lucrative share in global coffee production

Coffee Filter Paper Market- Prominent Drivers

Increasing demand for paper based packaging to promote sustainability is heightening sales
Easy availability attributed to the widening development organized retail is increasing coffee filter paper penetration
Emerging markets such as Brazil & India are expected to emerge as key coffee filter paper manufacturing hubs, attributed to increased coffee production

Coffee Filter Paper Market- Key Restraints

Preference for low-calorie beverage is limiting global coffee consumption, leading to dwindling coffee filter paper sales
Availability of substitutes such as automatic and semi-automatic filter machine to pose a significant challenge

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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.

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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 10-years.

This release was published on openPR.