Hot Drinks Packaging Market 2020 - Overview and Analysis
Overview
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.
Key Players
The key players of global hot drinks packaging market report include 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.
Regional Analysis
North America is the fastest growing region, majorly due to rising annual foodservice consumption of premium tea & coffee and the increasing number of health-conscious consumers. Asian countries, especially India, Japan, and China consume tea on a regular basis with China accounting for the largest market share in the overall tea market.
The report for Global Hot Drinks Packaging Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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