Medium compression ratio, fast speed.
apt install pigz
tar -I pigz -cvf archive.tar.gz folder-or-document
Medium compression ratio, medium speed.
apt install lbzip2
tar -I lbzip2 -cvf archive.tar.bz2 folder-or-document
High compression ratio, slow speed.
apt install pxz
tar -I pxz -cvf archive.tar.xz folder-or-document