Triangle Tea Bag Packaging Machinery Market will Surge at 4.43% CAGR from 2016 to 2023 | Triangle Tea Bag Packaging Machinery Industry Forecast by Capacity, Type, Application and Region
31 July 2019
Pune, India, July 31, 2019 (GLOBE NEWSWIRE) -- Market Research Future’s (MRFR’s) take on the triangle tea bag packaging machinery industry reveals a possibility of exceeding the anticipated valuation by the end of 2023. The triangle tea bag machinery market is gaining favors from manufacturers as the notion of having specialty tea and organic tea is picking up momentum. Globally, the preference for these kinds of teas have increased as campaigns and marketing strategies are playing strong to ensure easy expansion of the market and it can provide tailwinds to take it over the 4.43% CAGR mark during the forecast period (2016-2023).
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Boosters and Barriers:
One of the major factors that can play significant role in shaping the coming years for the triangle tea bag machinery market is the strong marketing strategies. Marketing departments have successfully given the tea an image change, from being an addiction for many it has now emerged as one of the health drinks that can help in weight reduction and detoxification. Europe is expected to emerge as the major destination owing to its increasing number of tea-lovers, especially amidst the millennials, Increase in the number of tea shops and exclusive tea joints are also expected to hike the regional intake of tea bags which is definitely going to inspire triangle tea bag machinery market. This trend, along with importing factor, is bound to move the market ahead. Strong campaigns regarding tea’s health benefits are also expected to inspire growth for the global triangle tea bag packaging machinery market.
The segmentation of the global Triangle Tea Bag Packaging Machinery Market has been done in the report by MRFR to get a close look at the market which could help in predictive analysis. Based on that segmentation, the triangle tea bag packaging machinery market includes capacity, type, and application.
Based on the capacity, the global triangle tea bag packaging machinery market comprises less than 1,800 bags/hour, 1,800 to 3,000 bags/hour, 3,000 to 4,800 bags/hour, and more than 4,800 bags/hour. The less than 1,800 bags/hour segment has the more suitable ambience to rule the global market as most of the brands are looking for this type for packaging purposes.
Based on the type, the global triangle tea bag packaging machinery market consists horizontal and vertical. The vertical segment is riding on benefits provided by high packaging speeds and flexibility which could help in ensuring their dominance during the forecast period.
Based on the application, the global triangle tea bag packaging machinery market includes green tea, black tea, coffee, and others. The green tea segment has greater percolation as the awareness regarding health is on the rise. Manufacturers are banking mostly on the shift in lifestyle preferences which are expected to increase triggering growth over the review period.
North America, Europe, Asia-Pacific (APAC), and the Rest-of-the-World (RoW) are the four major regions that have been included in the triangle tea bag packaging machinery market analysis report. MRFR, in this report, puts the spotlights on growth pockets that can turn impactful during the forecast period.
Europe is one of the biggest consumers of tea. The region does not grow it commercially which has increased the focus on import. As per the European Coffee Federation (ECF), Europe imported almost 238,224.30 tons in 2016. Importing impacts the triangle tea bag packaging machinery market as lightweight and transportable packaging are in demand for smooth logistic operations. Germany is one of the major consumers, apart from the U.K.
The APAC market has India, Japan, and China where a large section of the population is driving the market ahead by consuming tea as a part of their regular routine. Consumers are also showing a shift in their consumption pattern which now prefers organic and specialty teas more than ever. This is spurring the growth in the regional triangle tea bag packaging machinery market.
CAMA (LuoYang) Electromechanic Co., Ltd. (China), Grace Food Processing & Packaging Machinery (India), dph International GmbH (Germany), Vista Technopack Machines (India), E.C. Packtech Machines Pvt. Ltd (India), SELO (The Netherlands), Fuso International (Japan), Tecpacking Group (Tianjin) Co., Ltd (China), Xiamen Sengong Packing Equipment Co., Ltd (China), and Sidsam Group (India) are companies to make lasting impacts on the global triangle tea bag packaging machinery market. Their impacts are on strategic level which includes merger, acquisition, product launch, and other methods.
Industry Related News
Avocado Leaf Tea LLC recently announced their intention to launch five new flavors like Chamomile, Black, Lemon, and Peach, along with pure natural Avocado Leaf. The first four products are expected to be available with a blend of avocado flavor. Their packaging style has taken the triangle form to a 3D level. Boxes of flavors come with 15 pyramid-shaped tea bags that can be used twice.
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