Rising demand for coffee as a daily routine drink has resulted in increasing sales of coffee filter paper. Manufactures are enjoying the consistent demand for coffee filter papers in response to the expanding pool of coffee drinkers, it is becoming increasingly prevalent in developing markets across South and East Asia as well.
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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.
In last couple of years, the global coffee consumption has witnessed significant spike especially in regions such as Europe and North America. An increasing number of customers across the globe are using a variety of coffee filter papers for coffee making, which is amplifying sales to a significant extent.
Moreover, the rising investment in product innovation is expected to create lucrative growth opportunities. Coffee filter paper has several other advantages such as high compatibility, biodegradability and recyclability. These factors have been helping coffee filter paper gain traction.
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.
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Coffee Filter Paper Market by Category:
V Cone Filter
Drip Bag Coffee Filter
Up to 20 GSM
20 to 40 GSM
Above 40 GSM
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.
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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.