Global Tobacco Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Tobacco Packaging Market: Overview
“The global Tobacco Packaging Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Tobacco is used for chewing and smoking as it acts as a stimulant owing to its high nicotine content. The tobacco packaging sector includes packaging of dried tobacco leaves used for making cigarettes, bidis, smokeless tobacco, dissolvable tobacco, shishas or water pipes, and cigars.
Tobacco packaging plays an important role by providing information related to product content, and ingredients, and prevent from bacteria and aroma transmission.
Global Tobacco Packaging Market: Dynamics
Increasing cigarette production, and growing demand for flavored cigars with high-quality tobaccos are some major factors expected to fuel the growth of the target market. Moreover, increasing R&D activities related to taste and flavors are expected to boost the growth of the global cigar market in the near future.
In addition, increasing importance of packaging for advertising along with increasing celebratory events such as events, parties, etc., are some other factors expected to drive the growth of the global tobacco packaging market.
Also, rising prices of cigarettes and other tobacco products, a large number of consumers are looking for low-cost options. Roll-your-own tobacco products are seen as a cost-effective option as compared to normal cigarettes.
A recent trend observed in the target market is major players operating in the target market are continuously experimenting with innovative e-cigarette (vape) flavors, device shapes, and technology. In January 2016, US-based Vaporcade Jupiter is offering a smartphone that allows making calls, and texting as well as smoking favorite e-cigarette flavors.
In addition, increasing new flavors in hookah tobacco and the rapid emergence of online retail of hookah tobacco, give a new way for the growth of the target market. Moreover, cost-effective options such as smokeless tobacco products, heat-not-burn tobacco devices, and capsules are expected to drive demand for tobacco packaging.
However, harmful effects such as heart diseases, cancer, teeth loss, addiction, and exposure to other toxic chemicals are some of the major factors that may hamper the growth of the global tobacco packaging market. According to the document released by the World Health Organization (WHO), tobacco kills more than seven mn people each year while more than six mn of deaths are the result of direct tobacco use.
Global Tobacco Packaging Market: Segment Analysis
Among the material segments, the paper segment is expected to witness high growth in terms of revenue over the forecast period.
Among the type segments, the primary segment is expected to register lucrative growth in terms of revenue.
Among the end-use segments, the smokeless tobacco segment is expected to witness significant growth in terms of revenue over the forecast period.
Global Tobacco Packaging Market: Regional Analysis
The market in the Asia Pacific is expected to witness a major share in terms of revenue over the forecast period. This is attributed to growing stress in work life and rising demand for cigarettes among women are some factors expected to support the growth of the target market in this region.
In addition, increasing expenditure on developing recycling technologies to reduce tobacco wastage and paper waste is expected to boost the growth of the target market in the region.
Global Tobacco Packaging Market Segmentation:
Segmentation by Material:
- Paper Boxes
- Others (Jute)
Segmentation by Type:
Segmentation by End Use:
- Smoking tobacco
- Smokeless tobacco
- Raw tobacco
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Amcor Limited
- Innovia Films Ltd
- ITC Limited.
- Mondi Group
- Altria Group
- Ardagh Group
- British American Tobacco P.L.C.
- Reynolds American Inc.
- Philip Morris International Inc.
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