Hot Drinks Packaging Market Is Set To Be A Billion Dollar Industry By 2025 According To Market Forecasts | Grand View Research, Inc.

April 23 08:36 2021
Hot Drinks Packaging Market Is Set To Be A Billion Dollar Industry By 2025 According To Market Forecasts | Grand View Research, Inc.

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According to recent report published by Grand View Research Inc., the COVID-19 pandemic has severely hit the retail, advertising and travel. The impact of coronavirus is widely seen on the leisure and hospitality industry too, wherein safety protocols incorporates social distancing practices in common public.

The global hot drinks packaging market size is expected to value at USD 13.7 billion by 2025 to expand at CAGR of 4.2%. Growing consumption of coffee and tea as a staple drink in day to day life is expected to remain a favorable factor for market growth. The need for convenient carrying of hot drinks is benefiting the packaging industry and is thereby expected to drive the market. Asia Pacific is the fastest growing market for hot drinks and is projected to register a CAGR of 5.1% during the forecast period. 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.

Amid the pandemic and stringent measures to curb the coronavirus pandemic, government authorities have enforced social distancing policies and limited hours of operations for hotel and restaurants. This is likely to impact the beverage business in the long term but encourages public safety. Moreover, the decline in disposable income has also affected the leisure time as the threat of new infection is still prevalent. 

Hot Drinks Packaging Market Report Suggest:

 On the basis of product, the tea segment is expected to generate a revenue of USD 4.8 billion by 2025

By material, the plastic segment accounted for a revenue share of 36.0% for the year 2018

Europe is expected to account for 20.8% share of the global revenue by 2025

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Hot Drinks Packaging Market Segmentation

Grand View Research has segmented the global hot drinks packaging market on the basis of product, material, and region:

Hot Drinks Packaging Product Outlook (Revenue, USD Billion, 2015 – 2025)

     Coffee
     Tea
     Others

Hot Drinks Packaging Material Outlook (Revenue, USD Billion, 2015 – 2025)

     Glass
     Plastic
     Others

Hot Drinks Packaging Regional Outlook (Revenue, USD Billion, 2015 – 2025)

     North America
        • U.S.
     Europe
        • Germany
        • U.K.
     Asia Pacific
        • China
        • India
    • Central & South America
        • China
        • India
     Middle East & Africa
        • South Africa

List of Key Players of Hot Drinks Packaging Market

    • Alcoa Corporation
    • Reynolds Group Holdings Inc.
    • Sonoco Products Company
    • Stora Enso
    • Saint Gobain S.A.
    • Mondi Plc
    • Crown Holdings Inc.

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About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

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