Albany, NY -- (SBWIRE) -- 07/18/2018 -- With increasing population, global consumption of tea is also increasing and developments in packaging have enabled its consumption at any instant. Recently, a fresh study titled "Global Tea Bag Market by Manufacturers, Regions, Type and Application, Forecast to 2023" has been added to the vast database of Market Research Hub (MRH), which is an in-depth, professional analysis of the major regional tea bag market conditions with a particular focus on North America, APAC, Europe, South America, Middle East and Africa.
Moving further, the study evaluates industry from a ground-up mode by evaluating the driving forces, restraints, opportunities, trends, and growth prospects of this market. Moreover, it offers analysis of the global tea bag industry provides valuable insights into its current performance trends and how it will fare in the future. To appropriately estimate the growth of the global tea bag market, the market research analysts follow a meticulous approach to primary and secondary research and analyze the data gathered from various sources including industry experts.
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Major Highlights from the Study
The consumption of tea bags is experiencing rise due to the busy life schedule of an average person and ease provided by tea bags in making tea. Tea bags are commonly made of filter paper or food-grade plastic, or occasionally of silk. The bag contains the tea leaves while the tea is steeped, making it easier to dispose of the leaves, and performs the same function as a tea infuser. As per the study key findings, the worldwide market for Tea Bag is expected to grow at an significant CAGR over the next five years, and will reach substantial value in million US$ by 2023 End.
In order to provide a comprehensive view of the market, this report categorizes the market based on manufacturers, regions, type and application. The classification of Tea Bag includes Black Tea, Green Tea, Flavor Tea, Herbal Tea and Others. Of these, the proportion of Black Tea in 2016 is about 66%. Moreover, on the basis of application the study covers commercial and individual. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per these segments.
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In the end, the research includes vital information for market players to sustain and enhance their market footprint. At present, key player active in this market include Twinings, Luzianne, Yogi Tea, Harney & Sons, The Republic of Tea, Celestial Seasonings, Yorkshire Tea, Tetley, Tazo, Red Rose, Dilmah, Lipton, Bigelow, Mighty Leaf Tea, Numi Tea, Stash Tea and Teavana. The company profiles are mentioned along with business strategy, recent developments, and financial overview.
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