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Tea and Coffee Packaging Market: Industry Outlook, Growth Prospects and Key Opportunities
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Global food and beverage packaging market is growing gradually due to the rising demand for convenient packaging solutions. Tea and coffee market is one of the most competitive and demanding markets in terms of product as well as packaging. Tea and coffee market is gaining massive popularity across the globe. Tea and coffee manufacturers are focusing on innovative packaging of the product to attract more consumers. Tea and coffee packaging manufacturers are continuing to provide various sustainable packaging material to reduce the recycling cost as well as the cost involved in logistics.
Tea and Coffee Packaging Market – Dynamics:
Extensive consumption of tea and coffee across the globe has led tea and coffee packaging manufacturers to develop innovative packaging solutions. The tea and coffee packaging market is anticipated to grow at significant rate during the forecast period. Rapid urbanization and industrialization are some of the major aspects responsible for active growth of tea and coffee packaging market. Tea and coffee packaging is measured to be a sustainable packaging solution which can fulfill the consumers demand across the globe. The rising number of weight related diseases has led to a growing demand for tea and coffee attributed to its antioxidant properties and are likely to increase the global tea and coffee packaging demand over the forecast period.
Demand for tea and coffee packaging supplied for single use is a key factor driving the growth of the global tea and coffee packaging market. Tea and coffee can be packaged in various packaging solutions such as stand-up pouches, side gusseted bags, flat bottom bags, bag in box, restraining factors for global tea and coffee packaging market.
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Tea and Coffee Packaging Market – Regional Outlook:
On the basis of geography, global tea and coffee packaging market region is divided into Latin America, North America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Middle East & Africa (MEA), and Japan. Among all the above region, the market for tea and coffee packaging is largely dominated in by North America, and is expected to grow during the forecast period. Along with North America, APEJ region is anticipated to witness highest growth. The Middle East and Africa and Latin America region are anticipated to witness above average growth during the forecast period 2017-2027.
Tea and Coffee Packaging Market – Major Players:
Some of the prominent players operating in the global tea and coffee packaging market include Amcor Ltd, Mondi PLC, Graham Packaging Company, DS Smith PLC, Bemis Co Inc, ProAmpac LLC, L.P., Cascades Inc., Pacific Bag, Inc., Fpc Flexible Packaging Corporation, Hankuk Package Co Ltd., and Aero-pack Industries Inc.
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