Tea Packaging Market forecasted to register 4.5% CAGR during the forecast period 2022-2032

Press Release from Future Market Insights

By 2022, the market for tea packaging is projected to develop at a CAGR of 4.5 percent and reach US$6,402.8 million in sales. By 2032, the market for tea packaging is anticipated to reach US$ 9967.4 million.

Tea manufacturers are aiming at sustainable packaging material to reduce the cost involved in recycling as well as logistics. There has been an up surging demand for tea packaging that maintains the freshness and aroma of the tea leaves over a period. The rising number of cardiovascular diseases and other weight related diseases has led to a growing demand for tea attributed to its antioxidant properties and is likely to increase the global tea packaging demand over the forecast period.

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Global food and beverage packaging market is growing steadily owing to an augmenting demand for convenience packaging options by customers. Tea market is one of the most competitive and grueling markets regarding both the product as well as packaging. Tea provides numerous health benefits and is gaining immense popularity across the globe. Manufacturers along with tea production are more focused on the packaging of the product to attract more customers.

What Are The Tea Packaging Market Dynamics?

  • Preference for Buying Packaged Goods : The rise in disposable income among middle-class individuals is driving the tea packaging market. The consumers prefer to purchase packaged products from retail shopkeepers, which are propelling the tea packaging market key trends and opportunities.
  • Rise of Single-Use Packaging : Demand for single-use tea packaging is a major driver of the tea packaging market’s expansion. Individuals’ growing concern about the health benefits of tea is driving both the tea and tea packaging markets.
  • Raw Material Prices : The fluctuating cost of raw materials used in tea packaging is a barrier to the tea packaging market future trends.
  • High Prices : The more innovative the packaging becomes, the higher the price of the product becomes, which is an inhibitory factor for the tea packaging market.
  • Biodegradable and Reusable : A tea packaging market trend is the use of recyclable and reusable packaging.

How Competition Influences The Tea Packaging Market?

To increase sales of tea packaging, leading players in the tea packaging market are investing in promotional strategies. To gain a competitive advantage in the tea packaging market, they are launching lightweight and cost-effective products.

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Recent Development:

  • Amcor Plc is working to improve its manufacturing processes in order to reduce its carbon footprint and develop environmentally friendly tea packaging.
  • WestRock Company intends to expand its paper-based product line in order to replace plastic packaging in e-commerce with a recyclable solution made from socially sourced renewable materials.

Key Players

  • Fpc Flexible Packaging Corporation
  • Cascades Inc.
  • Hankuk Package Co Ltd.
  • Aero-pack Industries Inc.
  • Detmold Group
  • Oji Fibre Solutions Food Service Packaging
  • Bericap Sarl, Can-Pack SA
  • Hood Packaging Corporation
  • Hanil Can Co Ltd
  • Amcor Plc
  • DS Smith PLC
  • ProAmpac LLC
  • WestRock Company

Tea Packaging Market Segmentation

By Materials Type:

  • Tea Bags
  • Pouches
  • Tea Pots

By Packaging Type:

  • Flexible Tea Packaging
  • Rigid Tea Packaging

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • Middle East and Africa
  • Europe

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Companies Mentioned in this Press Release: