The global tea packaging market is likely to capture a CAGR of 4.6% during the forecast period. The market is anticipated to reach US$ 6.69 billion in 2023 and is expected to cross US$ 10.5 billion by 2033.
Customers' demand for convenient packaging options is driving growth in the global food and beverage packaging market. The tea packaging industry is one of the most competitive and arduous markets in terms of both product and packaging.
Attribute | Details |
---|---|
Tea Packaging Market Size (2023) | US$ 6.69 billion |
Tea Packaging Market Size (2033) | US$ 10.5 billion |
Tea Packaging Market CAGR | 4.6% |
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According to Future Market Insights (FMI), the market for tea packaging recorded a CAGR of nearly 3.0% from 2018 to 2022 due to increased tea consumption. Moreover, market expansion, product differentiation, and the demand for convenient and functional packaging solutions.
Looking ahead, the forecast from 2023 to 2033 indicates a more promising growth trajectory with a CAGR of 4.6%.
The higher CAGR of 4.6% projected for the tea packaging industry from 2023 to 2033 indicates a significant growth opportunity for the industry.
This upsurge can be attributed to various factors that are driving the demand for tea packaging. One prominent trend contributing to this growth is the increasing consumer preference for sustainable and eco-friendly packaging solutions.
As environmental consciousness continues to rise, consumers are actively seeking tea products that come in recyclable or biodegradable packaging.
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Countries | Value Share (2022) |
---|---|
The United States of America | 14.1% |
Germany | 5.5% |
Japan | 10.1% |
South Korea | 1.0% |
The European tea packaging market captured a 24.1% tea packaging market share for 2022, owing to increased disposable income and economic growth in this region.
The market for tea packaging in the United Kingdom is expected to move ahead at a growth rate of 3.2% from 2023 to 2033.
The supremacy of the Europe tea packaging industry is expected to be influenced by two key factors. Firstly, the increasing tea consumption in Europe plays a pivotal role. With rising awareness of the health benefits and cultural significance of tea, European consumers are embracing tea as a favored beverage. This growing demand for tea products creates a favorable market environment for the tea packaging industry to thrive.
Secondly, the emphasis on sustainability in Europe contributes to the industry's dominance. European consumers are increasingly conscious of environmental issues and actively seek eco-friendly packaging options. This has driven tea packaging companies in Europe to adopt sustainable practices and materials, such as biodegradable packaging solutions.
The North America market has grasped a market share of 16.9% in 2022. North America is expected to grow steadily due to rising consumer demand for ready-to-drink tea. Innovative tea packaging is also expected to boost the market in North America.
As per the FMI study, the tea packaging industry in the United States amassed a value share of 14.1% in 2022, influenced by ready-to-drink (RTD) tea beverages.
The popularity of RTD teas, including bottled iced teas and tea-based beverages, has soared in the United States market. This trend creates a distinct opportunity for tea packaging companies to develop specialized packaging solutions tailored to the specific requirements of RTD tea products, such as convenience features, branding elements, and sustainable packaging options for on-the-go consumption.
In accordance with the FMI analysis, the paper sub-segment is poised to emerge as a prominent sub-segment on the basis of material type, with a 32.3% value share in 2022.
Increasing environmental concerns and the shift towards sustainability have propelled the demand for eco-friendly packaging materials. Paper, being biodegradable, renewable, and recyclable, aligns well with these preferences.
Advancements in paper manufacturing technologies have led to the development of robust and versatile paper packaging solutions that can meet the requirements of diverse industries.
Bags and sacks offer versatile and flexible packaging solutions that can accommodate various product sizes and shapes. This adaptability makes them suitable for a wide range of industries, including food, agriculture, chemicals, and construction.
As per the FMI study, this sub-segment captured a value share of about 22.4% in 2022 as they provide efficient and convenient packaging options, allowing for easy filling, transportation, and storage. Their lightweight nature and stackability enable cost-effective logistics and distribution, catering to a wide range of customers.
Start-ups in the market have paved the way for new companies to enter the industry. Start-ups are aware of this and are driving positive change in the tea packaging market key trends and opportunities. The infusion of new energy generates new ideas, which can lead to more disruption and innovation in the industry.
To spike the sales of tea packaging, leading players in the tea packaging industry are investing in promotional strategies. To gain a competitive advantage in the market for tea packaging, they are launching lightweight and cost-effective products.
Key Players
Recent Developments:
The plant-based raw material holds high revenue potential.
China, Japan, Germany and India is estimated to dominate the global market.
The market is forecast to register a CAGR of 8.7% through 2033.
During 2018 to 2022, the market registered a CAGR of 8.7%.
The rising demand for nutritional value food are the current market trends.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Materials Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Materials Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Materials Type, 2023 to 2033 5.3.1. Tea Bags 5.3.2. Pouches 5.3.3. Tea Pots 5.4. Y-o-Y Growth Trend Analysis By Materials Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Materials Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Packaging Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Packaging Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Packaging Type, 2023 to 2033 6.3.1. Flexible 6.3.2. Rigid 6.4. Y-o-Y Growth Trend Analysis By Packaging Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Packaging Type, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. The USA 8.2.1.2. Canada 8.2.2. By Materials Type 8.2.3. By Packaging Type 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Materials Type 8.3.3. By Packaging Type 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Materials Type 9.2.3. By Packaging Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Materials Type 9.3.3. By Packaging Type 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. United Kingdom 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Materials Type 10.2.3. By Packaging Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Materials Type 10.3.3. By Packaging Type 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Materials Type 11.2.3. By Packaging Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Materials Type 11.3.3. By Packaging Type 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Materials Type 12.2.3. By Packaging Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Materials Type 12.3.3. By Packaging Type 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Materials Type 13.2.3. By Packaging Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Materials Type 13.3.3. By Packaging Type 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Materials Type 14.2.3. By Packaging Type 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Materials Type 14.3.3. By Packaging Type 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Materials Type 15.1.2.2. By Packaging Type 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Materials Type 15.2.2.2. By Packaging Type 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Materials Type 15.3.2.2. By Packaging Type 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Materials Type 15.4.2.2. By Packaging Type 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Materials Type 15.5.2.2. By Packaging Type 15.6. United Kingdom 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Materials Type 15.6.2.2. By Packaging Type 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Materials Type 15.7.2.2. By Packaging Type 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Materials Type 15.8.2.2. By Packaging Type 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Materials Type 15.9.2.2. By Packaging Type 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Materials Type 15.10.2.2. By Packaging Type 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Materials Type 15.11.2.2. By Packaging Type 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Materials Type 15.12.2.2. By Packaging Type 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Materials Type 15.13.2.2. By Packaging Type 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Materials Type 15.14.2.2. By Packaging Type 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Materials Type 15.15.2.2. By Packaging Type 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Materials Type 15.16.2.2. By Packaging Type 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Materials Type 15.17.2.2. By Packaging Type 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Materials Type 15.18.2.2. By Packaging Type 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Materials Type 15.19.2.2. By Packaging Type 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Materials Type 15.20.2.2. By Packaging Type 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Materials Type 15.21.2.2. By Packaging Type 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Materials Type 15.22.2.2. By Packaging Type 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Materials Type 15.23.2.2. By Packaging Type 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Materials Type 16.3.3. By Packaging Type 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Fpc Flexible Packaging Corporation 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.1.5.2. Product Strategy 17.1.1.5.3. Channel Strategy 17.1.2. Cascades Inc. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.2.5.2. Product Strategy 17.1.2.5.3. Channel Strategy 17.1.3. Hankuk Package Co Ltd. 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.3.5.2. Product Strategy 17.1.3.5.3. Channel Strategy 17.1.4. Aero-pack Industries Inc. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.4.5.2. Product Strategy 17.1.4.5.3. Channel Strategy 17.1.5. Detmold Group 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.5.5.2. Product Strategy 17.1.5.5.3. Channel Strategy 17.1.6. Oji Fibre Solutions Food Service Packaging 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.6.5.2. Product Strategy 17.1.6.5.3. Channel Strategy 17.1.7. Bericap Sarl, Can-Pack SA 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.7.5.2. Product Strategy 17.1.7.5.3. Channel Strategy 17.1.8. Hood Packaging Corporation 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.8.5.2. Product Strategy 17.1.8.5.3. Channel Strategy 17.1.9. Hanil Can Co Ltd 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.9.5.2. Product Strategy 17.1.9.5.3. Channel Strategy 17.1.10. Amcor Plc 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.10.5.2. Product Strategy 17.1.10.5.3. Channel Strategy 17.1.11. DS Smith PLC 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 17.1.11.5.2. Product Strategy 17.1.11.5.3. Channel Strategy 17.1.12. ProAmpac LLC 17.1.12.1. Overview 17.1.12.2. Product Portfolio 17.1.12.3. Profitability by Market Segments 17.1.12.4. Sales Footprint 17.1.12.5. Strategy Overview 17.1.12.5.1. Marketing Strategy 17.1.12.5.2. Product Strategy 17.1.12.5.3. Channel Strategy 17.1.13. WestRock Company 17.1.13.1. Overview 17.1.13.2. Product Portfolio 17.1.13.3. Profitability by Market Segments 17.1.13.4. Sales Footprint 17.1.13.5. Strategy Overview 17.1.13.5.1. Marketing Strategy 17.1.13.5.2. Product Strategy 17.1.13.5.3. Channel Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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