Global Pyramid Tea Bag Raw Material Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Pyramid Tea Bag Raw Material Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Pyramid tea bags are a significant improvement over flat square or rectangular tea bags. There are many types of raw materials for pyramid-shaped tea bags. This research report involves PET non-woven fabrics, PLA non-woven fabrics, PET mesh (woven), PLA mesh (woven), nylon mesh (woven), etc.

Market Overview:

The latest research study on the global Pyramid Tea Bag Raw Material market finds that the global Pyramid Tea Bag Raw Material market reached a value of USD 274.63 million in 2022. It’s expected that the market will achieve USD 372.04 million by 2028, exhibiting a CAGR of 5.19% during the forecast period.

At present, the COVID-19 virus is still spreading around the world. Although the global economy is gradually recovering, the uncertainty of the epidemic has brought uncertainty to the development of various industries around the world. The development of the industry depends to a certain extent on the strength of local epidemic prevention and control measures. This also includes this industry.

Currently, the profitability of a company depends on agility and capacity. As a product with ever-changing consumer demand, the proliferation of stock keeping units (SKUs) will eventually increase the number of different products that brands offer to their customers. Coupled with the logistics bottleneck caused by slow sales or obsolete inventory, the proliferation of SKUs has advantages and disadvantages in the entire supply chain. Being able to provide customers with what they want in a more precise way will definitely increase the likelihood of sales, but it will incur additional financial and administrative costs in managing the complexity of the supply chain.

At the same time, e-commerce complicates the problem. Customers are now increasingly expecting express delivery and delivery speed, which means retailers need to maintain more inventory. In many cases, storage capacity has not increased exponentially. For manufacturers, manufacturing equipment needs to be more flexible than before, but to retain the ability to run for a long time, while optimizing for rapid conversion to ensure consistent productivity. An important part of a more malleable and agile production capacity is the ability to introduce new materials and design variants at a faster rate, so as to quickly and effectively meet the needs of consumers. Again, this will lead to an increase in overall delivery costs, but it can be compensated by customer loyalty and long-term sales.

Market Challenges

For the Pyramid Tea Bag Raw Material industry, one of the main challenges currently facing is the challenge brought about by raw material price fluctuations. The main raw material such as PET Nonwoven is polyester fiber. Frequent fluctuations in raw material prices may hinder the growth of the PET Nonwoven market. Polymer is an important raw material for the production of PET Nonwoven. The price of polymers usually follows the price of oil. Therefore, any changes may cause oil prices to fluctuate, which in turn affects polymer prices. Thus, the price fluctuation of raw materials affects the development of the industry. In addition, some countries also have some standards and regulations for bioplastic PLA, such as the United States (ASTM D6400) and Europe (EN13432) 100% compostable packaging standards. Products tested by these standards will be more popular in the market.

Market Opportunities and Drivers

With flavor innovation, leading brands' increasing focus on ethically sourced ingredients, and investment in flexible packaging, tea consumption is growing. Although coffee is by far the most popular beverage, tea has gained attention. The increasing awareness of the various health benefits of tea, especially among millennials and young consumers, has driven the demand for tea. Compared with ordinary tea bags, pyramid tea bags have many advantages and seem to be a better choice for tea lovers. Globally, the tea bag market is rapidly expanding due to its convenience and ease of handling. Innovations in the packaging and shape of the pyramid bag enable consumers to extract the full flavor of tea. Consumers tend to use this convenient packaging because of their busy lifestyles, which will help expand the global pyramid tea bag market, thereby driving the demand for pyramid tea bag raw materials.

Region Overview:

North America is projected to account for a considerable share of the Pyramid Tea Bag Raw Material market and is expected to become the largest region by 2027.

Company Overview:

Ahlstrom-Munksjö is one of the major players operating in the Pyramid Tea Bag Raw Material market, holding a share of 12.73% in 2021.

Ahlstrom-Munksjö

Ahlstrom-Munksjö is one of the world's leading companies in the field of sustainable and innovative fiber solutions. Ahlstrom-MunksjöOyj is a manufacturer of fiber-based products.

Glatfelter

Glatfelter is the world's leading manufacturer of engineered materials. The company's high-quality, innovative and customizable solutions can be used for tea and single-serve coffee filtration, personal hygiene and packaging products as well as home improvement and industrial applications.

Segmentation Overview:

The Nylon Mesh (Woven) segment by type showed a value growth of 4.12% in 2021.

PET Nonwoven

PET non-woven fabric, its raw material is 100% polyester chips. It is formed by spunbonding and hot rolling countless filaments. Also known as PET spunbond non-woven fabric or PES spunbond non-woven fabric, also known as single-component spunbond non-woven fabric.

PLA Nonwoven

PLA non-woven fabric is a 100% biodegradable fabric with durability and excellent functionality. PLA non-woven fabric is made of polylactic acid starch extracted from wheat, corn, cassava and other plants, and it is durable. PLA non-woven fabric is strong and wear-resistant due to its unique tensile strength.

PET Mesh(Woven)

The polyester woven mesh is a calibration mesh, which means that all threads are at a precise, fixed distance in a uniform aperture. Polyester mesh is woven with high-quality monofilament threads, and has a variety of meshes ranging from 10 to 2000 microns.

PLA Mesh(Woven)

PLA (polylactic acid) is a polymer resin made by lactic acid fermentation of glucose derived from corn starch. Pyramid tea bags are made of PLA biodegradable thread, woven into a tiny mesh net. The mesh consists of holes much larger than ordinary paper bags, allowing warm water to interact with more tea leaves.

Nylon Mesh(Woven)

The polyamide (nylon) mesh is woven from high-quality monofilament threads to form a calibrated polyamide mesh with precise pore size.

Application Overview:

By application, the Direct segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Pyramid Tea Bag Raw Material market covered in Chapter 3:

NonWoven Network, LLC.
Ohki co., LTD
Yamanaka Industry Co., Ltd
Zhejiang Tiantai Jierong New Materials Co., Ltd.
Total Corbion PLA
Sichuan HiTec
Zhejiang Elite Packaging Materials Co., Ltd
Glatfelter
Nasa Corporation
Ahlstrom-Munksjö
Kakootea
Shreeji Screen and Filters Private Limited.
Riqi (Hangzhou) Technology Co. Ltd.
CORESHTECH

In Chapter 4 and Chapter 14.2, on the basis of types, the Pyramid Tea Bag Raw Material market from 2018 to 2029 is primarily split into:

PET Nonwoven
PLA Nonwoven
PET Mesh(Woven)
PLA Mesh(Woven)
Nylon Mesh(Woven)
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Pyramid Tea Bag Raw Material market from 2018 to 2029 covers:

Direct
Indirect

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)