The global disposable tea flask market is anticipated to witness a market value of US$ 920 million in 2023 and is expected to harness a market value of US$ 2150 million by reflecting a CAGR of 8.8% in the forecast period 2023 to 2033. The market for Disposable tea flask market registered a CAGR of 3.2% in the historical period 2018 to 2022.
The ability of disposable tea flasks to deliver food and beverages from online food and beverage delivery platforms with leak-proof and spill-proof features is expected to drive the growth of the market. These disposable tea flasks allow people to carry hot beverages while keeping it warm for up to 30 - 40 minutes which is increasing its popularity for online shopping. Also, the rising consumption of coffee and other hot beverages is further propelling the growth of this market.
500 ml disposable tea flask is the most prevalent type of flask for carrying hot and cold beverages as it is convenient for safe and secure handling, transportation, and storage. Disposable tea flasks with handle offer customers a handy solution to carry and access beverages at institutes, offices, and at home also.
On the other hand, Attractive logos and labels printed on the top of disposable tea flasks can easily attract millennials which is expected to boost the market growth. Besides this, the rising trend of online beverage ordering in the Asia Pacific and North America region is projected to create demand for the disposable tea flask market in the forthcoming period.
Also, global organizations and initiatives by local governments of paper-based packaging is expected to boost the disposable tea flask demand across the globe. However, the fluctuating and rising prices of paper and paperboard due to increasing paper-based packaging can hamper the market growth during the projected period.
The rapid advancements in packaging and wrapping applications is also anticipated to drive market growth. Moreover, the disposable tea flask market is likely to create significant incremental opportunity during the forecast period, due to skyrocketing trends of online beverage ordering in various developing countries.
Region wise, the markets of Europe and North America to become the early adopter and are anticipated to dominate the disposable tea flask market due to increasing ordering and consumption trends of hot and cold beverages. The disposable tea flask industry in North America is projected to account for 33% market share by end of the forecast period. Furthermore, increasing coffee and other hot beverages consumption in the Latin America is expected to create demand for disposable tea flask market. In Oceania region, Australia and New Zealand are among the top tea consumption countries expected to create good prospects. Besides this, the future growth of the disposable tea flask market seems to be moderate in Middle East and Africa region.
Likewise, with highest tea consumption rate in India and China there is vast opportunity for disposable tea flask market to expand rapidly in the Asia Pacific region. The market in Asia-Pacific is expected to be fastest growing region with CAGR of 7.9%. Chai Point is the first company in India to develop and launch this exceptional heat retaining use and throw flask. The team at Chai Point saw the need to invent this flask based on consumer demand for tea delivery at their offices and the scalability and hygiene that is missing in conventional thermos-based chai deliverables.
This new entrant will also be launching a 350 ml heat-retaining flask unit and intends to call it the 'Uni'. The driving factor behind the 'Uni' is to give individual customers the incentive to order Chai in this flask format. 'Uni' is most likely to accompany food as a combo unit only. These developments are expected to bolster the market growth of disposable tea flask in the forecast period.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 920 million |
| Projected Market Value in 2033 | US$ 2150 million |
| Growth Rate (2023 to 2033) | 8.8% CAGR |
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Latest developments in technology, mergers, acquisitions, tie-ups and partnerships within the companies involved in manufacturing Disposable tea flask are expected to create lucrative opportunities for market growth during the forecast period.
Disposable tea flask is combination of aluminum pouch and outer covering of corrugated box which is leak-proof and spill-proof. Disposable tea flask is used to serve hot and cold beverages such as soup, tea, coffee. Disposable tea flask is an emerging packaging products which is a replacement of pouches, bottles, and cups which are used to serve beverages.
Disposable tea flask ensures the safe and secure delivery of hot beverages without getting worries of any burnt or the flask getting moist. The disposable tea flask can keep the tea warm for about 30 to 40 minutes and can disposed of easily after consumption.
Disposable tea flask is a popular option to carry tea or other beverages for group of people. In the developed countries of North America and Europe, almost all the tea and coffee joints are using disposable tea flask to pack and deliver hot and cold beverages to the customers. The outer corrugated boxes of disposable tea flask can be custom printed and designed as per our need.
And nowadays bulk printing and designing is budget friendly too. On the top of disposable tea flask we can have company brand tagline, social media handles, message to customer and variety of beverages available of delivery.
Disposable tea flask market majorly driven by the online food and beverage delivery platforms due to the leak-proof and spill proof transportation of hot beverages. The ability of disposable tea flask to carry hot beverages warm for up to 30 - 40 minutes is increasing its popularity for online shopping.
500 ml disposable tea flask is the most commonly used type of flask for carrying hot and cold beverages as it is accessible for safe and secure handling, transportation and storage. Disposable tea flask with handle provide customers a handy solution to carry and access beverages at office, institutes and at home also.
Attractive logo and labels printed on the top of disposable tea flask can easily attract millennial towards it. Besides this, skyrocketing trends of online beverage ordering in the Asia Pacific and North America region are expected to fuel demands for disposable tea flask market in the upcoming years.
Moreover global organizations and local government initiatives of paper-based packaging is projected to boost the disposable tea flask market demand all over the globe. But the global fluctuating and increasing prices of paper and paperboard due rising paper-based packaging can hamper the market growth up to certain extent.
Principal Consultant
On the basis of regions, the global disposable tea flask market can be segmented into North America, Latin America, Europe, South Asia, East Asia, Middle East and Africa (MEA) and Oceania. Mature markets of Europe and North America to become the early adopter and are expected to dominate the disposable tea flask market due to significant ordering and consumption of hot and cold beverages.
Due to highest tea consumption counties like India and China there are huge opportunity for disposable tea flask market to grow rapidly in the Asia Pacific region. Rising coffee and other hot beverages consumption in the Latin America anticipated to rise demands for disposable tea flask market it the region.
Australia and New Zealand are among the top tea consumption countries expected to create good future prospects for Oceania region. Besides this, the future growth of the disposable tea flask market seems to be good in Middle East and Africa region.
Disposable tea flask is the new and innovative packaging solution which is in its early stage of development. Currently a few packaging companies are manufacturing or investing in this packaging format. There are only few manufacturer and distributors for disposable tea flask.
Besides this many local and unorganized players are expected to contribute to the disposable tea flask market in the upcoming years.
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Disposable Tea Flask Market
