Global Tobacco Packaging Industry Overview:
The latest report by IMARC Group, titled,“Tobacco Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022- 2027”, offers a comprehensive analysis of the industry, which comprises insights on the tobacco packaging market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global tobacco packaging market size reached US$ 16.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2027, exhibiting a growth rate (CAGR) of 3.1% during 2022-2027. Tobacco is a plant that belongs to the nightshade or Solanaceae plant family and is rich in nicotine content. The leaves of the plant are dried and fermented to be used in various tobacco products, such as cigars, cigarettes, snuff, bidis, and dissolvable tobacco. Efficient packaging solutions, such as foils, films, cartons, paper, boards, laminates, are utilized to protect the flavor and quality of these products from deterioration and aroma transmission during transportation and storage. They also ensure proper protection of the packaged products from bacterial contamination, moisture and other external impacts. These packaging solutions also function as an essential marketing tool as they provide consumers with important product information.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Global Tobacco Packaging Market Demand:
The global market is primarily driven by the increasing number of smokers, which has facilitated the uptake of cigarettes across the globe. This can be attributed to the hectic schedules, long working hours and a considerable increase in workload among the working professionals, which, in turn, have resulted in stress and related mental health concerns among the majority. Since nicotine acts as an effective stimulant that assists individuals in combating daily stress, this is boosting tobacco consumption across the globe, thereby providing a thrust to the market growth. Moreover, the rising trend of product premiumization has led to the escalating demand for premium quality tobacco products. Supported by the inflating per capita income levels of the masses and easy product availability through online and offline retail channels, this is acting as another major growth-inducing factor. The market is further driven by the launch of various innovative and attractive packaging in the market. Packaging solutions with effect and spot finishing, ultraviolet (UV) colors and coatings, and blind and hot foil embossing and window films are gaining widespread prominence among the masses. This, coupled with the emergence of advanced printing technologies, including rotogravure, UV sheetfed offset and flexographic printing, is anticipated to create a positive outlook for the market.
Global Tobacco Packaging Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Players:
- Amcor plc
- China National Tobacco Corporation
- Innovia Films
- Philip Morris International Inc.
- ITC Limited, International Paper Company Japan Tobacco International
- Siegwerk Druckfarben AG & Co. KGaA
- WestRock Company, Sonoco Products Company
- Smurfit Kappa Group plc
- Mondi Group
- Reynolds Group Holdings Limited
- Oracle Packaging
Breakup by Material Type:
- Paper Boxes
By Packaging Type:
- Primary Packaging
- Secondary Packaging
- Bulk Packaging
By End Use:
- Smoking Tobacco
- Smokeless Tobacco
- Raw Tobacco
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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