The global tobacco packaging market size was estimated to be US$ 15.7 billion in 2020 and is expected to reach US$ 21.7 billion by 2031 at a CAGR of 3% through 2031.
On July 8th,2019, R.J. Reynolds Vapor Company reported that it is growing its inventive Modern Oral Portfolio associated with VELO, a line of tobacco sans(without) leaf and sans(without) spit nicotine. VELO addresses an enthusiasm for the present adult tobacco buyers altering preferences and their cravings for an assortment of alternate options to suit their new ways of life. VELO is a nicotine derivative acquired from cigarettes that comes as nicotine pockets.
Tobacco packaging industry includes packaging of dried tobacco leaves utilized for making, cigarettes, smokeless tobacco, cigars, dissolvable tobacco. Packaging improves and shields tobacco items from outer effects and damage caused during transportation. Exponential rise in populace and per capita pay in developing nations has brought about rise in unhealthy lifestyle choices, lucubrated responsibilities, along with stress, particularly in metropolitan regions. To manage work pressure and related weight issues, individuals are opting for the utilization of stimulants and antidepressants, cigarettes being one of them. Besides, cigarettes have become a massive fascination among the young populace which has likewise propelled its utilization.
Ease in accessibility of smokeless tobacco namely, e-cigarettes in the marketplace is expected to support the market development along with fast-paced busy lifestyle seen rising worldwide is upgrading the consumption rate for tobacco items because of their properties of decreasing the feelings of anxiety. However, Government and NGOs of different countries are proactively coming up with anti-tobacco drives to heighten the attentiveness about the devouring impacts of tobacco, bringing about a decrease in its utilization. Likewise, WHO has effectively started a few missions like mAwareness and mSmoke-free to check cigarette utilization. Furthermore, presence of various small scale, medium scale and large-scale players functioning in the market in this province is likewise expected to drive the market development during the forecast time period of 2022-2032.
The rising concern expressed regarding the environmental issues worldwide because of non-biodegradable or non-recyclable packaging like plastic packaging may lead the market to develop at a considerable pace.
Global Tobacco Packaging Market Value Share Analysis, by Geography (2022)
The report titled “Global Tobacco Packaging Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is the historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Tobacco Packaging Market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global tobacco packaging market is segmented based on product type, application type, and region. Based on Product type, the Tobacco Packaging market is segmented into primary, secondary, bulk. Based on material type, the Tobacco Packaging market is segmented into Paper & Paperboard, Paperboards (Paper Boxes, White Board, Solid Board, Chipboard, Fiber Board), Metal, Jute, Plastics, (Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE), High-Density Polyethylene (HDPE), Biaxially Oriented Polypropylene (BOPP), Cast Propylene (CPP), Polyvinyl Chloride (PVC), Others). Based on End user type, the Tobacco Packaging market is segmented into Smoking Tobacco (Cigarettes, Cigars), Smokeless Tobacco (Chewing Tobacco, Snuff, Dissolvable Tobacco, Others).
Based on geography, the Global Tobacco Packaging Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada, and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Tobacco Packaging Market. Further, market share of prominent companies in the global tobacco packaging market would also be estimated.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Tobacco Packaging companies. The global tobacco packaging market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Tobacco Packaging business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Tobacco Packaging Market.
The key players in the Global Tobacco Packaging Market are WestRock Company, Amcor plc, ITC Limited, British American Tobacco, Mondi, International Paper, Smurfit Kappa, Innovia Films, Sonoco Products Company, Siegwerk Druckfarben AG & Co. KGaA, Japan Tobacco International, Altria Group, Inc., Tekni-Plex Inc., AMVIG Holdings Limited, Marden Edwards Ltd, PGP and others.
Global Tobacco Packaging Market Key Segments:
Based on Product Type
Based on material Type
Based on End user Type
By Region
The global Tobacco Packaging market was worth US$ 15.7 billion in 2020.
The global Tobacco Packaging market is expected to register a CAGR of 3% between 2022 and 2032.
Some key players operating in the Tobacco Packaging market include WestRock Company, Amcor plc, ITC Limited, British American Tobacco, Mondi, International Paper, Smurfit Kappa.
The end-use segments in Tobacco Packaging market are Smoking Tobacco and Smokeless Tobacco.
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