The global coffee filter paper market is estimated to develop at a 5.3% CAGR between 2023 and 2033, reaching US$ 1,006.0 million by the year 2033. By 2023, the coffee filter paper industry is expected to be worth US$ 600.2 million. As coffee consumption grows in popularity, the coffee filter paper industry is steadily expanding.
In the last couple of years, the consumption of coffee at the global level has witnessed a significant spike. A few prominent regions such as Europe and North America are leading the chart among the other regions.
A massive range of customers are using a variety of coffee filter papers for coffee making, which is amplifying coffee filter paper sales to a significant extent.
Rising investment in product innovation along with product maximization are among a few factors that bolster the coffee filter paper market growth. Additional key benefits of coffee filter paper such as high compatibility, biodegradability and recyclable outlook, and end-user-friendly usage attract a substantial portion of customers in the market.
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Manufacturers are putting their efforts into creating effective filter sheets that retain aromas and are biodegradable. The coffee filter papers demand is driven by improvements in coffee brewing methods including pour-over and drip. The coffee filter paper business is anticipated to continue growing.
Environmental Awareness
With increased knowledge of environmental challenges, there is a shift toward environment-friendly and sustainable options. Coffee filter sheets manufactured from biodegradable and compostable materials are gaining popularity as an environmental-friendly alternative to coffee brewing.
Innovation and Progress
Coffee filter paper manufacturers are always investing in research and development to improve the performance and quality of their products. This includes creating papers with superior filtration qualities, aroma and flavor retention, and sustainability aspects.
Preferences for Quality and Taste
Coffee lovers and customers have become picky about the quality and flavor of their coffee. Coffee filter papers help to provide a smooth and tasty cup of coffee by eliminating pollutants and oils, so improving the overall coffee experience.
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The cost of raw materials rising
The coffee filter paper market is greatly reliant on raw material costs such as cellulose and paper. Prices for these materials have steadily risen in recent years, threatening the viability of coffee filter paper manufacturers.
Substitutes Compete Fiercely
Coffee filter paper is being challenged by replacements such as reusable coffee filters and tea bags. These substitutes are less expensive and provide comparable functionality, posing a challenge to the expansion of the coffee filter paper business.
Regional Analysis:
North America may account for the market’s leading revenue share. Factors accelerating market expansion for coffee filter paper include the presence of a significant number of coffee drinkers and rising demand for coffee filter paper due to its advantages over metal filters.
Europe may contribute significantly to market growth for coffee filter paper due to increased coffee filter paper sales in countries such as France and Germany. Asia Pacific is expected to grow significantly and present ample potential for coffee filter paper market expansion due to the factors including:
- Changing lifestyles
- Increased spending power
- The growing trend of drinking coffee at food outlets and offices to socialize
Key Takeaways
- Cone and basket coffee filters segment may hold 28.7% of the coffee filter paper business by product type in 2033.
- Through 2033, the household use sector is expected to gain 43.7% of the market share.
- India’s coffee filter paper industry may grow between 2023 and 2033 at a CAGR of 7.1%.
- From 2023 to 2033, China’s coffee filter paper business is projected to expand at a 6.0% CAGR.
- Market growth for coffee filter paper in the United Kingdom may average 3.4% between 2023 and 2033.
- North America might hold a 20.6% market share throughout the forecasted timeframe.
- From 2023 to 2033, Europe may hold a 38% share of the coffee filter paper industry.
Competitive Landscape
The coffee filter paper industry is very competitive due to the presence of numerous small and large competitors. To obtain a competitive edge in the market, the key players are concentrating on growing their coffee filter paper market share and product line. Because of the prevalence of numerous small and medium-sized coffee filter paper manufacturers, the coffee filter paper industry is highly fragmented.
Latest Market Strategy
· Expansion
A new facility was opened by Ahlstrom-Munskjö Oyj in Madisonville, the United States, in 2018 to support the company’s high-performance filtering material business and meet the increasing demand for high-performance materials in industrial and engine applications.
The money invested has also helped the company’s packaging division, which produces coffee filter paper grow.
Key Segments
By Product Type:
- Cone Filter
- Basket Filter
- V Cone Filter
- Disc Filter
- Drip Bag Coffee Filter
- Others
By Material Type:
- Bleached Paper
- Unbleached Paper
By Thickness:
- Up to 20 GSM
- 20 to 40 GSM
- Above 40 GSM
By End-Use:
- Commercial Use
- Institutional Use
- Household Use
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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