Pune, India -- (SBWire) -- 02/09/2018 --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 are some of the prominent players at the forefront of competition in the global Hot Drinks packaging market and are profiled in MRFR Analysis.
Global Hot Drinks Packaging Market - Overview
Hot Drinkss packaging is widely used in coffee, tea and other Hot Drinks 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 Drinkss. US contributes largely to the global Hot Drinkss packaging market, majorly due to rising annual foodservice consumption of premium tea & coffee and the increasing number of health-conscious consumers.
The Hot Drinks packaging market is a very dynamic market and is expected to witness high growth over the forecast period. The growth of such packaging is influenced by increased dependency on packaged and processed drinks. Furthermore the expansion of e-commerce and mortar & brick retail outlets have spiked the overall growth of the market.
The global hot beverage packaging market is forecasted to grow at a CAGR of 3.3% by the end of the forecasted period.
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Manufacturers are seen introducing several innovative packaging methods to preserve the quality of Hot Drinkss 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. The key drivers contributing to the growth of the global Hot Drinkss packaging market are high efficiency of packaging machines, energy and cost savings due to flexible packaging and increased concern of waste disposal & sustainability.
The growing need to preserve the quality of Hot Drinkss such as coffee, extend shelf life and aesthetic appeal, the manufacturers are introducing several innovative packaging methods. Coffee manufacturers in the U.S. are shifting towards sustainable packaging materials that reduce transportation and recyclability expenses. Several packaging companies are investing in light materials that cause comparatively less environmental impact.
Global Hot Drinks Packaging Market - Competitive Analysis
Hot Drinks packaging industry has seen significant growth in last few years due to its demand from all income groups, and supportive government policies on food safety. The market is expected to show similar growth in coming time due to various technological advancement along with increased awareness about packaging and its harmful effects.
Amcor receives gold for Vento coffee packaging at DuPont Awards 2017. The global packaging company received a gold award in the Technological Advancement and Responsible Packaging categories for its Vento coffee packaging; silver for the 20-ounce Vitaminwater bottle in the Responsible Packaging category; and – in partnership with Crown Holdings Inc. – a gold award for Peelfit in the Technological Advancement and Responsible Packaging categories.
In Jan 2018, created through a partnership between Gosport Borough Council and paper cup manufacturer Huhtamaki, the scheme will pilot a collection and recycling service for used coffee cups for residents and businesses. It will provide dedicated cup recycling bins at sites across Gosport including the ferry port (used by commuters as well as tourists) and council-owned premises such as the town hall and the leisure centre, with plans to extend collection points to main high street locations, local offices and transport providers in the future.
In July 2017, following the successful launch of the Draft Latte, a distinctive crafted coffee drink using Crown's InnoValve technology, La Colombe Coffee Roasters and CROWN Beverage Packaging North America, a business unit of Crown Holdings Inc., have partnered again to bring another unique experience to coffee lovers everywhere. The MiniVault, a pre-portioned single-use can, delivers café quality ground coffee to consumers in a vessel that is both convenient for at-home use and extends the shelf life up to five times.
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Global Hot Drinks Packaging Market - Segments
Global Hot Drinks Packaging Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation By Material : Comprises – Plastic, Glass and others
Segmentation By Product : Comprises – Tea, Coffee and others
Segmentation By Regions : Comprises Geographical regions - North America, Europe, APAC and Rest of the World
Global Hot Drinks Packaging Market - Regional Analysis
APAC accounts for the largest market share in the Hot Drinks packaging market. It is expected to experience the fastest growth during the forecasted period due to the economic growth of China and India. The region offers flourishing market for such technological advanced packaging solutions. The increasing dependency on store bought Hot Drinkss, and the changing consumption patter along with the increasing demand of packaged food and beverages in countries like China and India has spiked the market growth.
Furthermore the growing awareness towards food safety and harmful effects of the packaging material used for food & beverages has induced the growth in aseptic type of packaging in Asia Pacific region. The governments have also seen promoting the food safety regulations.
North America has witnessed increased investment in the R&D and product innovation as far as packaging is concerned. Furthermore, the stringent food safety policies in the countries of the U.S. and Canada drives the demand of Hot Drinks Packaging in the beverage sector.
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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Hot Drinks Packaging Market to Strengthen Its Position at 3.3% CAGR Through 2022: MRFR Analysis
Global Hot Drinks Packaging Market Information by Material (Plastic, Glass and others), by Product (Tea, Coffee and others), and by Region – Forecast to 2022