PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1182310
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1182310
According to Stratistics MRC, the Global Tea Bag Packaging Market is accounted for $6402.8 million in 2022 and is expected to reach $9342.59 million by 2028 growing at a CAGR of 6.5% during the forecast period. Tea is one of the most popular beverages in the world, making it one of the most competitive worldwide marketplaces, which has an impact on the tea bag packaging business. The tea has a number of health advantages, which is why it is becoming more and more well-liked worldwide. Due to intense competition on the market, tea producers are concentrating not only on production and quality but also on their product's unique and creative packaging in an effort to draw customers.
According to Flexible Packaging Association, rigid PET containers have a fossil fuel usage that is 504% greater than that of the flexible stand-up pouch with zipper, and the weight of the package is six times heavier.
Market Dynamics:
Driver:
Awareness regarding the health benefits of tea consumption
Tea, green tea in particular is frequently seen as being healthy. Tea includes compounds that help reduce the risk of diabetes, cancer, and heart disease. The FAO Intergovernmental Group (IGG) claims that since tea contains anti-inflammatory and antioxidant effects and promotes weight loss, it has become a staple of a healthy diet. One of the key elements pushing people to select tea over fizzy drinks and preserved beverages is the growing awareness of the advantages of tea over carbonated beverages.
Restraint:
High machinery costs
Due to the high production costs for tea bags, OEMs are required to make sizable upfront investments. Teabag producers and suppliers experience higher operational costs as a result. These firms frequently find that purchasing equipment is no longer the most profitable course of action, which leads them to lease or purchase reconditioned packing equipment from packaging machinery manufacturers. Therefore, over the forecast period, the growth of the worldwide tea bag packaging machinery is anticipated to be constrained by high machinery prices.
Opportunity:
Shifting preference towards plastic-free tea bags
Polypropylene, a plastic polymer, is typically used by teabag makers to seal tea bags. The plastic melts when these tea bags are submerged in hot liquids and brewed, discharging over 11.6 billion micro-plastic particles into the cup. Additionally, the material used to package tea bags is challenging to recycle and frequently ends up in landfills. Consuming such poisonous substances is not advised because doing so frequently might be harmful to one's health. Due to these reasons and shifting consumer preferences for organic and environmentally friendly products, teabag manufacturers have been inspired to create creative, biodegradable tea bags.
Threat:
Harmful for the environment
Teabags are made of plastic, which prevents them from decomposing and causes them to constitute harm to the environment. The Environmental Audit Committee claims that the non-recyclable components of tea bags make them a significant cause of pollution in our water system. Single-use tea bags are detrimental to the environment and, more generally, your afternoon cup. The fact that these tea bags' plastic fibres won't decompose and will instead become micro-plastics in the ecosystem is an environmental hazard. Due to the fact that these tiny plastic particles move up the food chain, this can harm a variety of organisms.
COVID-19 Impact
Over the past few months, the majority of sectors in the world have experienced unfavourable effects. This can be ascribed to the enormous disruptions that various precautionary lockdowns and other limitations that were imposed by governing agencies around the world caused in their respective production and supply-chain operations. The same holds true for the market for tea packaging worldwide. Additionally, consumer demand has now decreased as people have become more motivated to cut non-essential spending from their own budgets as the general economic situation of the majority of people has been badly impacted by this outbreak.
The double chamber segment is expected to be the largest during the forecast period
The double chamber segment is estimated to have a lucrative growth. Two compartments of double chamber tea bags are filled with tea. Tea bags with double chambers are folded in such a way that the sides don't require glue or other fixes. The tea bag is folded and packed using a single sheet of paper or non-woven fabric, and it is sealed at the top by a string. By providing greater space for the tea content to flow inside the bag, the two-compartment shape is intended to permit optimal circulation of water inside tea bags during infusing and dipping. Packaging for double chamber tea bags also preserves the flavour and freshness of the tea more effectively than that of single chamber tea bags. However, creating a double chamber tea bag requires more intricacy than a single chamber tea bag.
The green tea segment is expected to have the highest CAGR during the forecast period
The green tea segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the majority of green tea on the market is sold in two chamber tea bags. Green tea comes in a variety of tastes, including lemon and honey, vanilla, and aloe Vera. Due to its therapeutic qualities, green tea typically comes in extremely appealing packaging that also acts as a vehicle for raising awareness of the beverage. Most green tea is sold in crimped, heat-sealed packaging, which keeps the tea's flavour and freshness. Because more people are becoming aware of the health advantages of green tea, there is a greater demand for green tea bags that are packaged effectively.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increase in demand for packaged foods and drinks. Some significant factors influencing market expansion include the availability of raw materials, cheap manufacturing costs in developing nations like China and India, rising urbanisation, a constantly growing population, increased demand for lifestyle goods, and rising individual disposable income.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. On the global market for tea bag packaging, North America maintains its third-place position firmly. According to Tea USA, tea is one of the local libations that is frequently ingested. One of the main factors influencing the industry in the region is the growing interest in various types of tea. The market is also growing as a result of increased awareness of the benefits associated with controlling diseases, weight, and cardiac problems. Additionally, the convenience of using tea bags due to their portability is a lure for consumers.
Key players in the market
Some of the key players profiled in the Tea Bag Packaging Market include Unilever PLC, Celestial Seasonings, Inc., Bigelow Tea, R. Twining and Company Limited, Harney & Sons Fine Teas, Tetley, Dilmah Ceylon Tea Company PLC, F.t. Short Limited, Fate House PTE LTD., Yorkshire Tea, Cascades Inc., Detmold Group and Hood Packaging Corporation.
Key Developments:
In December 2019, Tetley launched ethnic range of tea bags in UK with Tetley masala, Tetley elaichi (Cardamom) and Tetley ginger flavors. These Indian flavoured tea bags are launched by aiming at the South Asian people living in the UK and Europe.
In October 2019, Dilmah developed Dilmah premium luxury leaf tea bags which are made from bio-based (corn starch) PLA material from high-quality products in Japan.
In May 2019, Lipton opened two new tea packaging factories in Qatar for supplying to growing local markets.
In December 2019, Tilray and Anheuser-Busch InBev SA/NV based joint ventured company named Fluent Beverages launched CBD-infused bio-degradable tea bags which features a blend of lavender chamomile, vanilla rooibos, and peach ginger green flavours.
In October 2018, a teabag major, Koninklijke Wessanen N.V. launched world's first non-GMO, plastic-free teabag that contains a blend of the abaca plant, cellulose fibres, and bio-degradable thermoplastic PLA.
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