Customized Tea Packaging Market

Customized Tea Packaging Market - Size, Share, Outlook,
and Opportunity Analysis, 2018-2026
Packaging of food items play an important role in increasing the shelf life of
packaged food products by preserving the food items from external environment
such as changes in climatic conditions or microbial contaminations. Various novel
packaging solutions are used to attract consumer base as well as to provide
sustainable packaging solutions such as active, smart, interactive, and intelligent
packaging technologies. Customized packaging is a type of packaging where overall
packaging or printing on the packet is personalized as per the requirements of the
customer.
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Among packaging types, flexible packaging segment in customized tea packaging
market is expected to possess significant market share during the forecast period,
owing to ease of packaging tea powder in pouches and bags with custom
requirements. According to ‘Flexible Packaging Industry Overview’ published by
Flexible Packaging Association, the flexible packaging industry had US$ 31.1 billion
of sales in the U.S. in 2015. Moreover, flexible packaging uses fewer natural
resources, less energy in manufacturing, and creates fewer greenhouse gas
emissions. Therefore, such advantages offered by flexible packaging are expected to
boost demand of the segment during the forecast period.
Among packaging materials, polymers & plastics are preferred packaging materials
globally, for various fast-moving consumer goods (FMCG) products. According to
report of ‘Plastic Packaging –the sustainable and smarter choice’, published in 2015,
by Federation of Indian Chambers of Commerce & Industry (FICCI), around 83% of
packaged food items were sold with plastic packaging in India, (69% in China), and
(62% in the U.S.) in 2014. Various properties of plastic, enable it to deliver superior
performance compared with alternative packaging materials such as glass, paper,
and metals. Plastics are easily molded into any desirable shapes and sizes that
resulted in packaging innovation and creation of consumer friendly packaging, which
is expected to increase its demand in the customized tea packaging market.
However, owing to problems associated with disposal of plastic, various government
authorities are focusing to ban plastic use. The National Green Tribunal (NGT) is
considering to impose a ban in order to restrict the use of plastics for packaging of all
non-essential items in FMCG sector.
Therefore, as conventional plastic are non-biodegradable, other sustainable
packaging options such as bio-degradable plastics are expected to drive demand
during the forecast period.
The global customized tea packaging market was valued at US$ 1.96 billion in 2017,
and is expected to register a CAGR of 3.1% in terms of revenue, over the forecast
period (2018 – 2026), to reach US$ 2.52 billion by 2026.
Asia Pacific is expected to be the fastest growing region in customized tea
packaging market, owing to increasing consumer preference towards packaged food
items. According to India Brand Equity Foundation Report on Agriculture and Allied
Industries, published in June 2018, packaged food industry in India is expected to
cross US$ 65 billion by 2020.
Players operating in the global customized tea packaging market are adopting
various growth strategies such as mergers and acquisitions to cater to increasing
demand for customized tea packaging. For instance, in November 2018, Montagu
Private Equity firm, announced its plans to acquire the Flexographic packaging
division of the Eastman Kodak Company, which is a leading provider of graphics
solutions for global packaging printing. Kodak’s Flexo business unit is one of the
world’s leading providers of imaging technologies for the graphics customization of
printed packaging materials.
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.
For More Information:http://tinyurl.com/y2kzrqf5
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar opportunity.
Packaging of food items play an important role in increasing the shelf life of
packaged food products by preserving the food items from external environment
such as changes in climatic conditions or microbial contaminations. Various novel
packaging solutions are used to attract consumer base as well as to provide
sustainable packaging solutions such as active, smart, interactive, and intelligent
packaging technologies. Customized packaging is a type of packaging where overall
packaging or printing on the packet is personalized as per the requirements of the
customer.
Request
For
Sample
Copy
of
this
Research
:https://www.coherentmarketinsights.com/insight/request-sample/2531
Report
Among packaging types, flexible packaging segment in customized tea packaging
market is expected to possess significant market share during the forecast period,
owing to ease of packaging tea powder in pouches and bags with custom
requirements. According to ‘Flexible Packaging Industry Overview’ published by
Flexible Packaging Association, the flexible packaging industry had US$ 31.1 billion
of sales in the U.S. in 2015. Moreover, flexible packaging uses fewer natural
resources, less energy in manufacturing, and creates fewer greenhouse gas
emissions. Therefore, such advantages offered by flexible packaging are expected to
boost demand of the segment during the forecast period.
Among packaging materials, polymers & plastics are preferred packaging materials
globally, for various fast-moving consumer goods (FMCG) products. According to
report of ‘Plastic Packaging –the sustainable and smarter choice’, published in 2015,
by Federation of Indian Chambers of Commerce & Industry (FICCI), around 83% of
packaged food items were sold with plastic packaging in India, (69% in China), and
(62% in the U.S.) in 2014. Various properties of plastic, enable it to deliver superior
performance compared with alternative packaging materials such as glass, paper,
and metals. Plastics are easily molded into any desirable shapes and sizes that
resulted in packaging innovation and creation of consumer friendly packaging, which
is expected to increase its demand in the customized tea packaging market.
However, owing to problems associated with disposal of plastic, various government
authorities are focusing to ban plastic use. The National Green Tribunal (NGT) is
considering to impose a ban in order to restrict the use of plastics for packaging of all
non-essential items in FMCG sector.
Therefore, as conventional plastic are non-biodegradable, other sustainable
packaging options such as bio-degradable plastics are expected to drive demand
during the forecast period.
The global customized tea packaging market was valued at US$ 1.96 billion in 2017,
and is expected to register a CAGR of 3.1% in terms of revenue, over the forecast
period (2018 – 2026), to reach US$ 2.52 billion by 2026.
Asia Pacific is expected to be the fastest growing region in customized tea
packaging market, owing to increasing consumer preference towards packaged food
items. According to India Brand Equity Foundation Report on Agriculture and Allied
Industries, published in June 2018, packaged food industry in India is expected to
cross US$ 65 billion by 2020.
Players operating in the global customized tea packaging market are adopting
various growth strategies such as mergers and acquisitions to cater to increasing
demand for customized tea packaging. For instance, in November 2018, Montagu
Private Equity firm, announced its plans to acquire the Flexographic packaging
division of the Eastman Kodak Company, which is a leading provider of graphics
solutions for global packaging printing. Kodak’s Flexo business unit is one of the
world’s leading providers of imaging technologies for the graphics customization of
printed packaging materials.
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.
For More Information:http://tinyurl.com/y2kzrqf5
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

The global customized tea packaging market was valued at US$ 1.96 billion in 2017, and is expected to register a CAGR of 3.1%

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