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Hot Drinks Packaging Market To Reach $17.10Bn By 2030

Hot Drinks Packaging Market To Reach $17.10 Billion By 2030

January 2025 | Report Format: Electronic (PDF)

Hot Drinks Packaging Market Growth & Trends

The global hot drinks packaging market size is expected to reach USD 17.10 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.6% from 2024 to 2030. Growing consumption of coffee and tea across the globe and innovative packaging methods to prevent loss of product are expected to remain key driving factors. Furthermore, increasing consumption of coffee and tea among the working class population of developing economies including China and India is expected to open opportunities for manufactures over next few years.

North America hot drinks packaging market held substantial market share in 2023. This region has been witnessing significant rise in consumption of coffee and other hot drinks, especially in U.S. This scenario is expected to increase the demand and introduction of innovative packaging solutions for hot drinks. Furthermore, strong brand goodwill and foothold of key industry participants including Sonoco Products Company and Bemis Company, Inc. through their well-established distributor networks in U.S. are projected to remain favorable for the market growth over the next few years.

Asia Pacific hot drinks packaging market dominated the global hot drinks packaging market with a market share of 36.5% in 2023. This growth is attributed to increasing consumption of tea and coffee as a staple drink in the countries such as China and India, which is thereby driving the need for more production and their packaging solutions.

Coffee is expected to register significant growth with a CAGR of 4.0% during the forecast period. In 2017, consumption of coffee was 62% i.e. 5% increase over the prior year, which makes it the largest shareholder. The segment is also expected to witness the fastest growth owing to increasing coffee consumption in countries such as China, Japan, and India. This scenario is expected to drive the demand for innovative and attractive packaging solutions for hot drinks. Companies are coming up with flexible packaging solutions for this drink, such as use of recyclable materials like cardboards to help consumers in convenient takeaway process.

Glass packaging is expected to register the second-fastest CAGR of 4.3% during the forecast period due to its advantages such as recyclability and aesthetic appeal over other materials used for hot drink packaging. It is anticipated to witness significant growth over the forecast period owing to cost effectiveness and convenient transportation. For instance, Roaster, an American company specializing in manufacturing shelf bags, has different coffee packaging categories such as Gusseted Bag, Stand-up Pouch, Flat Pouch, and Flat-bottom Pouch.

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Hot Drinks Packaging Market Report Highlights

The tea segment held the largest market share of 55.6% in 2023, comprising several varieties such as black tea, green tea, herbal teas, and specialty blends.
Paper packaging dominated the market with a revenue share of 31.8% in 2023 and glass packaging is expected to register the second-fastest CAGR of 4.3% during the forecast period.
Asia Pacific hot drinks packaging market dominated the global hot drinks packaging market with a market share of 36.5% in 2023.