Tobacco Packaging Market 2024: Key Players Amcor, ITC, International Paper, Bemis, Phillip Morris International, British American Tobacco
The tobacco packaging market has been segmented, based on material, into paper, paper box, plastic, jute, and others. Paper box will be a key material segment that is likely to occupy a substantial share of the market during the forecast period.
(EMAILWIRE.COM, August 10, 2018 ) Developments in the global cigarette industry will augment the tobacco packaging market during the forecast period. The cigarette industry is one of the most profitable industry in the world generating retail sales worth more than USD 680 billion in 2016. In the same year more than 5.5 trillion cigarettes were sold worldwide with global volumes sales increasing by 1.3% from 2002 to 2016.
The industry is also witnessing shifting of sales from traditional developed markets such as North America and Western Europe to emerging markets such as Asia Pacific and Africa. This shift can be attributed to restrictions given by respective governments of developed countries towards cigarette smoking and sales. The high volume of worldwide cigarette sales coupled with the shifting consumption patterns in the industry will drive demand for tobacco packaging market during the forecast period.
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Government restrictions relating to smoking of cigarettes as well as for product sales will be a major restraining factor for the tobacco packaging market growth. Most governments have formulated regulations restricting the use of attractive packing of these products. Governments have been promoting the use of plain packaging for tobacco products, that is the removal of all branding such as colors, logos, imagery, etc.
Various governments have also been raising the price of these products as that reduces consumption and promotes community health. Factors such as these will have a considerable impact on the tobacco packaging market and will hinder the industry growth during the forecast period.
The tobacco packaging market has been segmented, based on material, into paper, paper box, plastic, jute, and others. Paper box will be a key material segment that is likely to occupy a substantial share of the market during the forecast period. Almost all cigarette packets are made of paper box materials and the high volume of cigarette sales will be the major contributor for the paper box material segment’s growth in coming years. Plastic material segment is likely to register a fast growth rate as they are extensively used for wrapping cigarette packets for protection against the adverse effects of moisture.
Based on end-use, tobacco packaging market is segmented into smoking, smokeless, and raw tobacco. Smoking segment is likely to account for a considerable share of the industry as packing of smoking product types such as cigarettes, cigars and bidis require extra protection against moisture. Smokeless end-user segment will also account for a considerable share of the global tobacco packaging market during the forecast timeframe.
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Asia Pacific is likely to be the most significant tobacco packaging market owing to shifting consumption trends, increasing production volumes for raw product as well as increasing cigarette production in the region. Europe will also be a key tobacco packing market which will occupy a significant share. Middle East & Africa region is likely to witness fast growth rates during the forecast timeframe owing to the rising trend of cigarette smoking in the region.
Some of the key market participants in the global tobacco packaging market includes Amcor, ITC, International Paper, Bemis, Phillip Morris International, British American Tobacco, Novelis, Mondi, Packaging Corporation of America, Siegwerk, Reynolds Group, WestRock, Sonoco, etc.
The industry is also witnessing shifting of sales from traditional developed markets such as North America and Western Europe to emerging markets such as Asia Pacific and Africa. This shift can be attributed to restrictions given by respective governments of developed countries towards cigarette smoking and sales. The high volume of worldwide cigarette sales coupled with the shifting consumption patterns in the industry will drive demand for tobacco packaging market during the forecast period.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2630
Government restrictions relating to smoking of cigarettes as well as for product sales will be a major restraining factor for the tobacco packaging market growth. Most governments have formulated regulations restricting the use of attractive packing of these products. Governments have been promoting the use of plain packaging for tobacco products, that is the removal of all branding such as colors, logos, imagery, etc.
Various governments have also been raising the price of these products as that reduces consumption and promotes community health. Factors such as these will have a considerable impact on the tobacco packaging market and will hinder the industry growth during the forecast period.
The tobacco packaging market has been segmented, based on material, into paper, paper box, plastic, jute, and others. Paper box will be a key material segment that is likely to occupy a substantial share of the market during the forecast period. Almost all cigarette packets are made of paper box materials and the high volume of cigarette sales will be the major contributor for the paper box material segment’s growth in coming years. Plastic material segment is likely to register a fast growth rate as they are extensively used for wrapping cigarette packets for protection against the adverse effects of moisture.
Based on end-use, tobacco packaging market is segmented into smoking, smokeless, and raw tobacco. Smoking segment is likely to account for a considerable share of the industry as packing of smoking product types such as cigarettes, cigars and bidis require extra protection against moisture. Smokeless end-user segment will also account for a considerable share of the global tobacco packaging market during the forecast timeframe.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2630
Asia Pacific is likely to be the most significant tobacco packaging market owing to shifting consumption trends, increasing production volumes for raw product as well as increasing cigarette production in the region. Europe will also be a key tobacco packing market which will occupy a significant share. Middle East & Africa region is likely to witness fast growth rates during the forecast timeframe owing to the rising trend of cigarette smoking in the region.
Some of the key market participants in the global tobacco packaging market includes Amcor, ITC, International Paper, Bemis, Phillip Morris International, British American Tobacco, Novelis, Mondi, Packaging Corporation of America, Siegwerk, Reynolds Group, WestRock, Sonoco, etc.
Contact Information:
Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results