According to research and consulting firm Future Market Insights (FMI), the worldwide utilization of eco-friendly tea packaging remained at around US$6.2 billion in 2021 and is scheduled to increase at a CAGR of 4.5 percent to arrive at a valuation of US$10 billion by 2032.
The new data is based on the recently published FMI report, Eco-friendly Tea Packaging Market Outlook (2022-2032).
“Growing preference for biodegradable packaging solutions across the globe, along with growing consumption of organic teas in emerging economies, will fuel sales in the market over the forecast period,” said an FMI analyst in a statement.
Eco-friendly tea packaging solutions that keep freshness and odor of the product over time are in high demand, noted the firm. In fact, a range of more durable tea packaging is consistently being launched to maintain the aromatic smell of the product, moisture and temperature. Antibacterial tea packaging also protects packaged items from direct contact, which can lead to bacterial contamination and infections.
FMI added that the paper segment, compared to other materials, will develop faster due to its low cost and environmental sustainability.
“The density, gloss-coating and opacity of the paper can all be used to assess its quality,” said FMI. “Tea is packaged in paper because it has a lower impact on the environment than any type of packaging, because it contains no chemicals or undergoes chlorine treatment. As a result, the paper industry will expand at a faster rate [in this market].”
Key Takeaways from the New FMI Research:
- Based on material, the paper segment, in relation to the tea industry, is expected to account for 33 percent of the total market share in 2022.
- In terms of packaging format, sales of bags and sacks for tea will increase at a 3.9 percent CAGR over the assessment period.
- The U.S. eco-friendly tea packaging market will reach a valuation of US$900 million in 2022.
- During the forecast period, India’s eco-friendly tea packaging market is expected to grow at a CAGR of 6.1 percent
Competitive Landscape
Leading players in the global eco-friendly tea packaging market are investing in promotional strategies to improve sales. They are launching lightweight and cost-effective products to gain a competitive edge in the market, noted FMI.
Some of the key players in the market, according to FMI, include:
- Amcor Plc
- DS Smith PLC
- ProAmpac LLC
- WestRock Company
- Mondi PLC
- Crown Holdings, Inc.
- Sonoco Products Company
- Graham Packaging Company
- Novolex Holdings, Inc.
- Pacific Bag, Inc.
- Goglio SpA
- Co-Pack Inc.
- Dongguan Min Lee Packaging Materials Co, Ltd.
- Shenzhen Color Hoyo Paper & Plastic Products Co, Ltd.
- Dongguan Jmei Packaging Company Limited
- Shenzhen Packmate Packaging Co., Ltd.
- PBFY Flexible Packaging
- Sixto Packaging
- Qingdao Dejili Packing Material Co. Ltd.
- Color Hoyo Paper & Plastic Products Co., Ltd
Of note, Amcor Plc is attempting to improve its manufacturing processes to lower its carbon footprint and develop sustainable eco-friendly tea packaging. Also, WestRock Company is planning to expand its paper-based line to replace plastic packaging in e-commerce with a recyclable solution created from socially sourced renewable materials.
FMI’s new report offers an unbiased analysis of the global market for eco-friendly tea packaging market by material (plastic, metal, paper, glass, others (wood, fabric, etc.), by distribution channel (online and offline), by packaging format (pouches, bags and sacks, stick pack and sachets, bottles, cans and containers and boxes) and region.
FMI is an ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce. The company provides in-depth insights into governing factors elevating the demand in various markets.
To learn more about the company, visit FutureMarketInsights.com.
To learn more about the new report, Eco-friendly Tea Packaging Market Outlook (2022-2032), click here.
Plan to Attend or Participate in the
World Tea Conference + Expo, March 27-29, 2023
To learn about other key developments, trends, issues, hot topics and products within the global tea community, plan to attend the World Tea Conference + Expo, March 27-29, 2023 in Las Vegas, co-located with Bar & Restaurant Expo. Visit WorldTeaExpo.com.
To book your sponsorship or exhibit space at the World Tea Conference + Expo, or to enquire about advertising and sponsorship opportunities at World Tea News, contact:
Ellainy Karaboitis-Christopoulos
Business Development Manager, Questex
Phone: +1-212-895-8493
Email: [email protected]
Also, be sure to stay connected with the World Tea Conference + Expo on social media for details and insights about the event. Follow us on Twitter, Facebook, Instagram and LinkedIn.