The global consumption of Eco-Friendly Tea Packaging products stood at around USD 820.1 million in 2024. The overall market is slated to witness a CAGR of 4% to reach a valuation of USD 1,213.8 million by 2034. The top 5 companies are anticipated to hold 15 to 20% of the overall eco-friendly tea packaging industry in 2024.
Report Attribute | Details |
---|---|
Eco-friendly Tea Packaging Market Size (2024) | USD 820.1 million |
Market Anticipated Forecast Value (2034) | USD 1,213.8 million |
Market Projected Growth Rate (2024 to 2034) | 4% CAGR |
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The global eco-friendly tea packaging market was valued at USD 651.2 million in 2019. During the historic period between 2019 and 2023, eco-friendly tea packaging sales increased at a CAGR of 3.6%. The overall market value was about USD 778.7 million by 2023.
Attributes | Details |
---|---|
Eco-friendly Tea Packaging Market Value (2019) | USD 651.2 million |
Market Revenue (2023) | USD 778.7 million |
Market Historical Growth Rate (CAGR 2019 to 2023) | 3.6% CAGR |
Tea has several medicinal benefits and is becoming increasingly popular around the world. Several local initiatives to increase tea production beyond Asian countries are expected to improve the eco-conscious tea packaging market overview during the forecast period.
In comparison to many other materials like plastic or glass, which are more expensive than paper packaging, paper packaging is preferred due to its low cost and environmental sustainability.
The density, gloss-coating, and opacity of paper are some aspects that are used to assess its quality. Tea is packaged in paper because it has a lower impact on the environment than any type of packaging. It contains no chemicals or undergoes chlorine treatment.
The table below lists the countries where ecofriendly material manufacturers are anticipated to witness greater growth opportunities in the tea packaging sector.
Regional Market Comparison | CAGR (2024 to 2034) |
---|---|
United States | 1.6% |
Germany | 1% |
United Kingdom | 1.3% |
India | 5.5% |
China | 4.4% |
The United States eco-friendly tea packaging market sales are likely to witness a CAGR of 1.6% through 2034.
The USA is expected to dominate the North American biodegradable tea packaging market over the assessment period. Innovation in material technologies in the USA, along with the emergence of numerous organic tea start-ups are anticipated to create new growth opportunities in the coming days.
Sales of eco-friendly tea packaging products are anticipated to grow at a rate of 1% per year during the forecast period.
Stricter laws governing the usage of plastic and other polymer packaging have surged the demand for eco-friendly tea packaging options in Germany. Moreover, the growing popularity of tea leaves sold loose in Germany and other European countries has increased the use of eco-friendly packaging bags to retain the flavor and freshness of the product.
Demand for eco-friendly tea packaging options in the United Kingdom is projected to rise at a higher rate of 1.3% till 2034.
The need for sustainable choices has heightened in the country due to consumers' preference for goods that minimize their environmental impact and reduce plastic waste. In addition, emerging trends in biodegradable tea packaging fit perfectly with the increasing preference for organic tea and herbal tea trends in the United Kingdom.
The eco-friendly tea packaging industry of China is forecasted to thrive with a CAGR of 4.4% between 2024 and 2034.
Biodegradable materials like paper, cardboard, or compostable plastics production have increased substantially in China in the last few years. Tea exporters have also witnessed eco-friendly packaging attracting more customers and propelling sales abroad.
Also, because single-use plastics are becoming illegal or subject to regulations around the globe, tea companies are shifting toward an environmentally friendly tea packaging market more and more.
As per the study, sales in the Indian market are likely to grow at a rate of 5.5% per year over the assessment period.
Several industries, including food products & agriculture, e-commerce, and logistics, have experienced substantial industrialization and expansion as a result of increased international commerce and favorable measures by the Indian government.
The demand for eco-friendly tea packaging for effective storage and transportation of tea is being driven by the high consumption of tea among individuals in the country.
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In terms of packaging format, demand for boxes and cartons is expected to contribute to 46.8% of the total sales in 2024.
Attributes | Details |
---|---|
Top Packaging Format or Segment | Boxes & Cartons |
Total Market Share in 2024 to 2034 | 46.8% |
Increasing demand for sustainable packaging solutions for transport and delivery through e-commerce is observed to augment the market share of this segment. However, due to high durability, and strength the industrial demand for bags and sacks is likely to grow at a faster rate over the forecast years.
Based on material, the paper and paperboard tea packaging segment is expected to account for over 37.9% of the total market share in 2024.
Attributes | Details |
---|---|
Top Material Type or Segment | Paper & Paperboard |
Total Market Share in 2024 | 37.9% |
Demand for paper and paperboard packaging is high as it is sustainable and recyclable. Moreover, paper and paper-board materials are popular in the retail sector and are preferred more for packing tea in small amounts.
The overall market has turned highly competitive after the entry of many start-ups with eco-friendly material innovations and packaging solutions.
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.
Recent Developments in the Global Eco-friendly Tea Packaging Market
Attribute | Details |
---|---|
Estimated Market Size (2024) | USD 820.1 million |
Projected Market Size (2034) | USD 1,213.8 million |
Anticipated Growth Rate (2024 to 2034) | 4% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | USD million or billion for Value and Units for Volume |
Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
Key Segments Covered | By Material Type, By Format, By Distribution Channel, By End User Verticals, and By Region |
Key Companies Profiled | 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 |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The global eco-friendly tea packaging market is estimated to be around USD 820.1 million in 2024.
The global eco-friendly tea packaging market is to grow at 4% during the forecast period.
The global eco-friendly tea packaging market is predicted to be valued at USD 1,213.8 million by 2034.
The global eco-friendly tea packaging market was valued at USD USD 651.2 million in 2019.
Paper and paperboard materials contribute for 37.9% revenue share of the global eco-friendly tea packaging market.
India is predicted to witness a CAGR of 5.5% in sales of eco-friendly tea packaging through 2034.
Market Value, 2024 | USD 184.7 million |
---|---|
Projected Market Value, 2034 | USD 370.2 million |
Value-based CAGR (2024 to 2034) | 7.2% |
Market CAGR (2023 to 2033) | 4.50% |
---|---|
Market Valuation (2023) | USD 1.17 billion |
Market Valuation (2033) | USD 1.82 billion |
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