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Packaging Market to Expand with
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CAGR during 2027
November 20, 2021
The global market for coffee packaging is likely to showcase a fragmented nature
with the existence of a high number of players in the market, states a new study by TMR. The players in the market are giving emphasis to novelties in the packaging techniques, which is likely to support the development of the market in the next few years. The development of new products and the growing investments by companies for research activities are predicted to accelerate the market growth in the near
future. The prominent players engaged in the coffee packaging market across the globe are Sonoco Products Company, Sixto Packaging, Amcor Limited, ProAmpac LLC, WestRock Company, Co Pack, Inc., Crown Holdings Inc., Mondi PLC, Goglio S.p.A., Pacific Bag, Inc., Bemis Co Inc., Shenzhen Packmate Packaging Co., Ltd.Novolex Holdings, Inc., DS Smith PLC, and PBFY Flexible Packaging.
The global market for coffee packaging is emerging at a rapid rate. As per the research study, the market is predicted to register a potential growth rate over the next few years. Geographically, Europe is expected to account for a substantial share of the global coffee packaging market over the next few years. The remarkable rise in the number of people drinking coffee on a daily basis is considered to be the main factor accelerating the growth of the market in the next few years. The strict regulations for packaging is further predicted to ensure the development of the market in the near future. The coffee packaging market across Asia Pacific is anticipated to witness a positive growth over the coming few years.
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