Coffee Filter Paper Market to Surpass Revenue of US$ 877.8 Mn by 2030 Owing to Changing Consumer Lifestyles and Increasing Per-Capita Disposable Incomes
The global coffee filter paper market has emerged as a lucrative market that is projected to expand at a CAGR of 4.9% between 2022 and 2030, reaching a value of US$ 877.8 Mn by the end of the assessment period.
Coffee has become an integral part of everyone’s daily routine, resulting in a significant increase in demand for coffee filter paper over the past few years. Consumers of coffee filter papers are increasing at a phenomenal rate, creating a persistent demand for coffee filter papers.
Globally, coffee consumption has increased significantly over the past few years, and this increase is not limited to the markets of Europe and North America, which are expected to lead the global revenue, but also includes the rapidly expanding and developing markets of South and East Asia.
There is a noticeable increase in product innovation and product optimization. These are among the prominent factors that are anticipated to boost the growth of the global coffee filter paper market.
Numerous advantages of coffee filters, such as biodegradability, recyclable appearance, and compatibility, are anticipated to attract a significant portion of the market. In addition, Europe and North America are anticipated to have a greater demand for coffee filters than other regions.
During the period between 2022 and 2030, the demand for coffee filter paper is projected to increase significantly due to a combination of changing lifestyles and drinking habits.
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Source: Coffee Talk