Tea Bag Packaging Market by 2028 | Demand, Size, Trends, Opportunities, Challenges & Forecast | Douglas Insights
The prominent players in the global tea bag packaging market are R.Twining and Company Limited (UK), Harney & Sons Fine Teas, Celestial Seasonings, Inc etc.
DOUGLAS, ISLE OF MAN, November 8, 2022 /EINPresswire.com/ -- Tea Bag Packaging Market Size Analysis:
During the assessment period, the global tea bag packaging market is anticipated to expand at a CAGR of 4.85%, reaching a value of USD 9,205.7 million. Tea, especially green tea, which originated in China, is widely perceived as healthy. Tea contains substances that can reduce the risk of coronary disease, cancer, and diabetes. According to the FAO Intergovernmental Group (IGG), tea consumption has become part of a healthy diet because the beverage has calming and cell-reinforcing properties and aids in weight loss. The increasing awareness and benefits of tea over carbonated beverages has become one of the most influential factors influencing consumers to choose tea over carbonated and protected beverages.
The growth of the global tea bag packaging market is anticipated to be driven by factors such as rising awareness of the health benefits of tea consumption and rising per capita disposable income in developing nations. In addition, the shifting trend away from plastic tea bags is anticipated to create opportunities for market participants in the global tea bag packaging market during the forecast period. However, expensive equipment could hinder the expansion of the global market.
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Some of the key findings from the report include:
1. The tea bag packaging market is forecast to grow at a CAGR of XX% from 2019 to 2028.
2. The market is driven by the increasing demand for tea bags from the food & beverage industry.
3. North America holds the third position in the global tea bag packaging market.
4. Some of the key players in the market include Huhtamaki, Amcor, Mondi, Smurfit Kappa, and WestRock.
COVID-19 Scenario:
The outbreak of COVID-19 has created a significant impact on the global tea bag packaging market. The market is expected to grow at a CAGR of XX% during the forecast period (2018-2028).
The COVID-19 pandemic has affected all aspects of life globally. The food & beverage industry is one of the most affected industries due to the lockdown and restrictions imposed by governments across the globe. The Tea Bag Packaging Market Research Report provides an in-depth analysis of the present scenario of the market and its potential growth prospects during the forecast period (2018-2028).
The report offers a detailed market segmentation based on type, material, end-user, and region. In addition, it provides an overview of the key players operating in the market and their key strategies such as mergers & acquisitions, expansion, partnerships, and new product launches.
The report also offers insight into the impact of COVID-19 on the tea bag packaging market and how it is likely to shape up in the coming years.
Segmentations covered into report:
By Tea Bag Type
Single Chamber
Double Chamber
By Outer Paper Envelop
Naked Bag
Crimped
Heat-Sealed
By Application
Green Tea
Black Tea
By Filter Type
Paper with PLA Fiber
Paper with Plastic Fiber Paper
Non-Woven Fabric Made of Plastic
Non-Woven Fabric
Pure Paper
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Tea Bag Packaging Market Drivers:
It is commonly believed that tea, particularly green tea originated in China, is beneficial to one's health. Tea contains compounds that reduce the risk of cardiovascular disease, cancer, and diabetes. According to the FAO Intergovernmental Group (IGG), tea consumption has become part of a healthy diet due to the beverage's anti-inflammatory, antioxidant, and weight loss-promoting properties. Increasing awareness of the advantages of tea over carbonated beverages has also become a significant factor in consumers' preference for tea over carbonated and preserved beverages.
Regional Analysis:
North America
North America ranks third on the global market for tea bag packaging. According to Teresa, tea is one of the most consumed beverages in the region. The region's population consumed over 84 billion servings of tea in 2018. Additionally, over 84% of black tea was consumed in the region in 2018, followed by 15% of green tea and 1% of other teas. One of the primary factors driving the market in the region is the rising demand for teas with various flavors. In addition, growing awareness of the benefits that help manage heart disease, cancer, and weight also contributes to expanding the market. In addition, the portability of tea bags is a factor that attracts consumers to their use.
Europe
Europe ranks second on the global market for tea bag packaging. Europe is one of the regions where tea consumption is second only to water. According to the European Coffee Federation (ECF), the region imported 228,869.10 tonnes of tea in 2018. In addition, the increasing demand for lightweight and transportable packaging increases market demand. The region is divided into the United Kingdom, Germany, France, Poland, Russia, and the rest of Europe.
Major Players Profiled in the Market Report:
The prominent players in the global tea bag packaging market are R. Twining and Company Limited (UK), Harney & Sons Fine Teas (US), Celestial Seasonings, Inc (US), Unilever PLC (UK), Tetley (UK), Dilmah Ceylon Tea Company Plc (Sri Lanka), Bigelow Tea (US), F.T. Short Limited (UK), Yorkshire Tea (UK), and Fate House Pte Ltd (Singapore) among others.
Key Questions Answered In This Report:
Covid 19 impact analysis on global Tea Bag Packaging industry.
What are the current market trends and dynamics in the Tea Bag Packaging market and valuable opportunities for emerging players?
What is driving Tea Bag Packaging market?
What are the key challenges to market growth?
Which segment accounts for the fastest CAGR during the forecast period?
Which product type segment holds a larger market share and why?
Are low and middle-income economies investing in the Tea Bag Packaging market?
Key growth pockets on the basis of regions, types, applications, and end-users
What is the market trend and dynamics in emerging markets such as Asia pacific, Latin America, and Middle East & Africa?
Unique data points of this report:
Statistics on Tea Bag Packaging and spending worldwide
Recent trends across different regions in terms of adoption of Tea Bag Packaging across industries
Notable developments going on in the industry
Attractive investment proposition for segments as well as geography
Comparative scenario for all the segments for years 2018 (actual) and 2028 (forecast)
Table of Content:
1 EXECUTIVE SUMMARY
1.1 MARKET ATTRACTIVENESS ANALYSIS
1.1.1 GLOBAL TEA BAG PACKAGING MARKET, BY TEA BAG TYPE
1.1.2 GLOBAL TEA BAG PACKAGING MARKET, BY OUTER PAPER ENVELOPE
1.1.3 GLOBAL TEA BAG PACKAGING MARKET, BY APPLICATION
1.1.4 GLOBAL TEA BAG PACKAGING MARKET, BY FILTER TYPE
2 MARKET INTRODUCTION
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 MARKET STRUCTURE
2.4 KEY BUYING CRITERIA
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.2.1 PRIMARY RESEARCH BREAKDOWN
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 TOP DOWN & BOTTOM-UP APPROACH
3.6 FORECAST MODEL
3.7 LIST OF ASSUMPTIONS
4 MARKET INSIGHTS
5 MARKET DYNAMICS
5.1 INTRODUCTION
5.2 DRIVERS
5.2.1 AWARENESS REGARDING THE HEALTH BENEFITS OF TEA CONSUMPTION
5.2.1 RISING PER CAPITA DISPOSABLE INCOME IN DEVELOPING COUNTRIES
5.2.2 DRIVER IMPACT ANALYSIS
5.3 RESTRAINT
5.3.1 HIGH MACHINERY COSTS
5.3.2 RESTRAINT IMPACT ANALYSIS
5.4 OPPORTUNITY
5.4.1 SHIFTING PREFERENCE TOWARDS PLASTIC-FREE TEA BAGS
6 GLOBAL TEA BAG PACKAGING MARKET, BY TEA BAG TYPE
6.1 OVEVIEW
6.2 SINGLE CHAMBER
6.3 DOUBLE CHAMBER
7 GLOBAL TEA BAG PACKAGING TYPE MARKET, BY FILTER TYPE
8 GLOBAL TEA BAG PACKAGING MARKET, BY OUTER PAPER ENVELOPE
8.1 OVERVIEW
8.2 NAKED BAGS
8.3 CRIMPED
8.4 HEAT-SEALED
9 GLOBAL TEA BAG PACKAGING MARKET, BY APPLICATION
9.1 OVERVIEW
9.2 GREEN TEA
9.3 BLACK TEA
9.4 OTHERS
…………..Continued
*More companies can be added in Detailed Report.
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