Customized Tea Packaging Market to Surpass US$ 2.52 Billion by 2026 - Coherent Market Insights

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).

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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https://www.coherentmarketinsights.com/market-insight/customized-tea-packaging-market-2531

Browse 24 market data tables* and 12 figures* on "Customized Tea Packaging Market” - Global forecast to 2026.

Key Trends and Analysis of the Customized Tea Packaging Market:

• Among packaging materials, paper and paperboard packaging options are expected to gain traction during the forecast period. Though plastic is the most preferred choice for any type of packaging, but its disposal issues has led to rise demand for alternative packaging materials such as paper. Paper-based packaging are easy to degrade therefore, is considered as favorable packaging options by majority of the companies. For instance, Metsä Board, a leading European producer of premium fresh fiber paperboards, launched a new innovative eco-barrier paperboard in 2018. The paperboard was provided with special barrier treatment, which is bio-based, recyclable, biodegradable, and is developed especially for food service use. Moreover, this new product also offers efficiencies in printing and converting along with sustainability benefits. Therefore, increasing demand for environmentally safe packaging materials are expected to propel growth of paper-based customized tea packaging products.

Key Takeaways of the Market:

• Packaging acts as a strategic tool through which companies attract consumer base. Customized packaging offers their customers enhanced experience of the product. Asia Pacific is expected to gain significant traction during the forecast period, owing to growing packaging industry in emerging countries such as India. According to Wisconsin Economic Development Corporation, India packaging industry accounted US$ 32 billion in 2015, and is expected to continue growing at a CAGR of 13-15% in the near future.
• Among applications, commercial segment is expected to possess significant market share during the forecast period. Customized tea bags or tins are preferred choice of hotels or restaurants to present tea or coffee products, which are color coded with decorative packaging options and printed with name and logo of that particular restaurant. For hotel/restaurants, manufactures design custom-printed wooden chest of teas or paper based decorative color-coded packets, which are used by wait staff to display loose-leaf artisan teas to their guests.
• Major players operating in the global customized tea packaging market include Solaris Tea, Blue Ridge Tea & Herb Company Ltd., Clipper Tea Co., THE CUSTOM PACKAGING, Roastar, SWISS PACK PVT LTD, Salazar Packaging, Inc., Pacific Bag, Custom Co-Pak, LYNNPAK PACKAGING LTD., and Scholle IPN.