Coffee filter papers are used on a daily basis for coffee preparation and filtration. These papers are used to trap the coffee powder/ground and filter outs the oils and granular sediment, allowing the liquid coffee to flow through a drip method. In a study Future Market Insights (FMI) has projected the market for coffee filter paper to surpass US$ 549 Mn by 2021.
Coffee filter papers have brought about a significant change in the art of coffee making and are expected to gain significant traction in the coming years. A variety of coffee filter papers such as cone, basket, V-cone, disc, and other made from either bleached or unbleached paper are available in the market.
Currently, basket filters are highly sought-after, accounting for over 30% of sales. The rising demand from both commercial and institutional use segments will continue supporting growth in the market.
Key Takeaways from Coffee Filter Paper Market
- Driven by rising coffee drinking population, the U.S. is expected to account for over 80% of sales North America registers in 2021
- Post sluggish returns in 2020, the U.K. market is set to register a little below 1% y-o-y growth in 2021
- Germany and France to remain key sales pockets within Europe
- South Korea and Japan are forecast to offer attractive sales opportunities within East Asia
“Some of the leading enterprises are focusing on gaining competitive advantage by increasing their production capacities and market presence in the highly lucrative Asian countries. Steadily growing consumer inclination towards coffee drink in Asian countries is creating ample opportunities for new entrants and established manufacturers alike” says FMI analyst.
Increasing Demand for Coffee Millennial
Increasing coffee-drinking population as millennial cope with hectic schedule has emerged as a chief growth driver. They are especially fond of beverages that can offer quick relief from fatigue, which has been a key factor increasing coffee consumption. Especially, European and American countries such as Germany, the U.K., France, U.S. and Canada represent a dominant geographic segment in the coffee filter paper market. Sale of coffee filter paper is mainly driven by strong millennial sentiments, aided by well-directed fiscal perspectives. Drinking coffee at offices, schools, and food outlets is becoming the symbol of fashion and opportunity to socialize. This has been creating attractive opportunities for growth.
For Information On The Research Approach Used In The Report, Request TOC@ https://www.futuremarketinsights.com/toc/rep-gb-8082
Coffee Filter Paper Market Competition Landscape
Ahlstrom-Munksjö Oyj, Melitta, and Glatfelter Corporation are the top players operating in the coffee filter paper market. Furthermore, BV Filtropa, Rockline Industries, TERRANOVA PAPERS SA, Riensch & Held GmbH & Co.KG, are also the noticeable players in the coffee filter paper market. The Tier 3 players in the market hold 60-65% in the global coffee filter paper market. In conclusion, key players contribute almost 35-40% of the global market.
Key Questions Answered in the Report
- Which is the Most Lucrative Market for Coffee Filter Paper?
Europe currently leads the global market for coffee filter paper. Sales in Europe will account for over ~35 % of total demand registered in the global market between 2020 and 2030. Within Europe, sales in Germany is expected to remain the highest.
- Which is the Top-Selling Type of Coffee Filter Paper?
Basket coffee filter papers are top-selling in the market. The demand for basket coffee filter paper is expected to increase during forecast period owing to its affordable pricing and convenient use.
- Which is the Preferred Material for Coffee Filter Paper?
Unbleached paper is highly preferred by manufacturers of coffee filter papers.
- Which are some of the Leading Companies Manufacturing Coffee Filter Paper?
Some of the leading companies offering coffee filter paper are Ahlstrom-Munksjö Oyj, Riensch & Held GmbH & Co.KG, Glatfelter Corporation, Rockline Industries, Neu Kaliss Spezialpapier GmbH, BV Filtropa, Melitta among others.
- Who is the Key End User of Coffee Filter Paper?
As per FMI, the household use segment is exhibiting considerably high demand. It is projected to dominate the market and account for more than 40% of the overall market by 2030.
Coffee Filter Paper Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global coffee filter paper market, analyzing historical demand from 2015-2019 and forecast statistics for 2020-2030. The study reveals growth projections on the coffee filter paper market on the basis of product type (cone filter, basket filter, V cone filter, disc filter, drip bag coffee filter and others), material type (bleached paper and unbleached paper), thickness (up to 20 GSM, 20 to 40 GSM and above 40 GSM) and end use (commercial use, household use and institutional use) across seven regions.