The global customized tea packaging market was valued at US$ 1.96 Billion in 2017, according to Customized Tea Packaging Market Report, by Packaging Material (Polymer & Plastic, Paper & Paperboard, Glass, and Metal), by Packaging Type (Flexible (Pouches, Sachet, and Bags) and Rigid (Box, Bottles, Tin packaging and Others)), by Application (Commercial and Personal), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) published by Coherent Market Insights.
The global customized tea packaging market is projected to reach US$ 2.52 Billion by 2026, exhibiting a CAGR of 3.1% during the forecast period. Companies are focusing on enriching experience of their customers by offering various sustainable packaging solutions. Food packaging is generally designed for one time use and then discarded after relatively short period. Therefore, in order to control waste generation, companies are focusing on environmentally friendly packaging solutions. Among packaging types, flexible packaging is expected to gain traction in customized tea packaging market during the forecast period, owing to the benefits it offers. For instance, according to fact book released by interpack alliance, flexible packaging registered 29% share of total packaging sales in 2014. Moreover, global flexible packaging sale was 1300 billion units in 2014, and is expected to reach 1500 billion units by the end of 2019. Flexible packaging offers sustainable packaging solution as it uses less material, less energy, and creates less greenhouse gas (GHG) emissions and waste.
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Browse 24 market data tables* and 12 figures* on "Customized Tea Packaging Market” - Global forecast to 2026.
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