Global Coffee Frac Pack Market Size To Worth USD 2.15 Billion By 2033 | CAGR of 4.24%
Category: Food & BeveragesGlobal Coffee Frac Pack Market Size To Worth USD 2.15 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Coffee Frac Pack Market Size is to Grow from USD 1.42 Billion in 2023 to USD 2.15 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 4.24% during the projected period.
Get more details on this report -
Browse key industry insights spread across 231 pages with 110 Market data tables and figures & charts from the report on the "Global Coffee Frac Pack Market Size, Share, and COVID-19 Impact Analysis, By Type (Below 1.5 oz, 5 oz to 2 oz, and 2 oz to 5 oz), By Application (Grocery and Retail, Restaurants, Coffee shops, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/coffee-frac-pack-market
Ground coffee beans are preserved in their freshness and flavour due to a novel coffee packaging technique called coffee frac pack. The method uses fresh ground coffee to fill a small, airtight bag, which is then sealed inside a larger plastic bag. By allowing the smaller bag to "float" inside the larger one, this design lessens the chance of oxidation and moisture absorption. Additionally, Coffee Frac Packs can be sealed, extending the freshness of any leftover coffee. The increasing demand for coffee solutions that are portable and easy to use is one of the main driving factors. Because they satisfy the needs of many customers who lead hectic lives, pre-measured, single-serve coffee packets known as frac packs are popular among travellers and busy individuals. However, a number of challenges restrict the growth potential of the coffee frac pack industry. One of the main ones is the potential cost difference between bulk packing and the cost of preparing and packaging individual coffee cups.
The below 1.5 oz segment is expected to hold a significant market share of the coffee frac pack market during the projected timeframe.
Based on the type, the coffee frac pack market is divided into below 1.5 oz, 5 oz to 2 oz, and 2 oz to 5 oz. Among these, the below 1.5 oz segment is expected to hold a significant market share of the coffee frac pack market during the projected timeframe. Due to the increased need for low-weight materials for packaging in a variety of sectors including food and beverage and medicines.
The grocery and retail segment accounted for the largest revenue share in the coffee frac pack market during the projected timeframe.
Based on the application, the coffee frac pack market is categorized into grocery and retail, restaurants, coffee shops, and others. Among these, the grocery and retail segment accounted for the largest revenue share in the coffee frac pack market during the projected timeframe. This is due to reasons such as rising consumer disposable income and rapid urbanisation in developing countries including India and China. This tendency has resulted in an increased demand for packaged nutritious foods such as prepared meals, snacks, and desserts.
North America is expected to hold the largest share of the coffee frac pack market over the forecast period.
Get more details on this report -
North America is expected to hold the largest share of the coffee frac pack market over the forecast period. This dominance is results of the competitive fractional pack coffee industry in North America, which has the highest demand for these convenient, pre-measured volumes. Coffee frac packs allow lodging facilities, dining establishments, and convenience stores to swiftly and simply prepare the perfect cup of coffee. Because of its robust coffee culture and the rising demand for speciality products, which have both raised the need for vast quantities of packs, North America has established itself as a market leader in the coffee industry.
Asia Pacific is predicted to grow at the fastest pace in the coffee frac pack market during the projected timeframe. The Asia Pacific region is rapidly increasing, which can be attributed to factors including rising urbanisation, rising disposable incomes, and a burgeoning coffee culture. As the need for portable and instant coffee products rises, this is particularly prevalent in China and India.
Major vendors in the coffee frac pack market are Pro-line Packaging, Speciality Java, Amcor, Formel Industries Inc., Graham Packaging Co, Baumann Paper Company, Charlotte Express Packaging, PBFY Packaging, Bemis Company Inc., CarePac Company, TedPack Company Limited, Polymerall, TricorBraun Flex, Sixto Packaging Inc., and others.
Recent Developments
- In July 2022, Rage Coffee expanded its product line with the launch of eco-friendly drip bags. The new drip bag is a compact, lightweight ground coffee pouch with foldable paper handles that one can open and set over a cup.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the coffee frac pack market based on the below-mentioned segments:
Global Coffee Frac Pack Market, By Type
- Below 1.5 oz
- 5 oz to 2 oz
- 2 oz to 5 oz
Global Coffee Frac Pack Market, By Application
- Grocery and Retail
- Restaurants
- Coffee shops
- Others
Global Coffee Frac Pack Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?