Tobacco Packaging industry applications to witness the highest CAGR

The report "Tobacco Packaging Market by Material (Paper, Paper Boxes, Plastic, Jute), Type (Primary, Secondary, Bulk), End Use (Smoking Tobacco, Smokeless Tobacco, Raw Tobacco), and Region - Global Forecast to 2022", The tobacco packaging market size is estimated to grow from USD 14.27 Billion in 2017 to USD 16.65 Billion by 2022, at a CAGR of 3.1%.

The key objective of the global tobacco packaging report is to provide companies with a summary of the latest trends and lucrative business expansion opportunities for tobacco packaging manufacturers, suppliers, and distributors. The report also demonstrates the key business strategies and principles adopted by the key players around the world. The segments considered for this report are based on type, end use, material, and region.

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Top Industry players analyzed in this research: The global market for tobacco packaging is dominated by large players such as Amcor Ltd. (Australia), Innovia Films (U.K.), WestRock (U.S.), ITC (India), Mondi Group (South Africa), Altria Group (U.S.), Ardagh Group (U.S.), British American Tobacco (U.K.), Reynolds American Corporation (U.S.), and Philip Morris International Inc. (U.S.).

The tobacco packaging market is witnessing considerable growth due to the rise in per capita income and stressful lifestyles. Equality laws for women have developed a new market for female smokers, which is another key factor fueling the growth. Tobacco packaging has come across new opportunities due to the growing population and the technological advancements.

“The paper boxes segment, by material, held the largest market share in the tobacco packaging market”

The paper box packaging segment is expected to have a high growth rate during the forecast period. Paper box packaging is a developing trend in the packaging industry. It is environment-friendly and cost-effective, and is hence gaining popularity in many regions. Due to rising issues regarding the non-biodegradable nature of plastic and metal packaging, paper box packaging is highly preferred by manufacturers.

“The secondary segment is projected to grow at the highest rate during the forecast period, in terms of type”

The tobacco packaging market is segmented on the basis of type into primary, secondary, and bulk. The secondary segment accounted for the largest share in 2016, and is also projected to grow at the highest CAGR over the next five years. Increase in consumption of cigarettes in social gatherings and rise in demand for innovative cigarette boxes have boosted the market for secondary packaging

“The Asia-Pacific tobacco packaging market held the largest market share in 2016”

Countries such as China and Japan are expected to witness high growth in the tobacco packaging market due to rapid economic expansion. In addition to this, the growing population in these countries presents a huge customer base for tobacco products, which in turn is expected to drive the tobacco packaging market The rising trade of tobacco in the region drives the demand for tobacco products, subsequently driving the tobacco packaging market.

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Premium Insights of this research:
- Developing Economies to Witness High Demand for Tobacco Packaging
- Tobacco Packaging Market, By Material
- Tobacco Packaging Market, By Product Type
- Tobacco Packaging Market, By Packaging Type
- Asia-Pacific: Tobacco Packaging Market
- Tobacco Packaging Market: Regional Snapshot

Table of Contents

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Tobacco Packaging Market, By Material

7 Tobacco Packaging Market, By Type

8 Tobacco Packaging Market, By End Use

9 Tobacco Packaging Market, By Region

10 Competitive Landscape

11 Company Profile

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