Market Analysis: Global Tobacco Packaging Market
Global tobacco packaging market is expected to rise to an estimated value of USD 19.70 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rising levels of women population engaging in the consumption of tobacco along with the various innovations of technology for packaging materials and products.
Key Market Competitors:
Few of the major competitors currently working 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 among others.
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Market Definition: Global Tobacco Packaging Market
Tobacco packaging is described as the different varieties of packaging products designed to protect the tobacco products from having any negative environmental impact from the environment. These packaging products protect the freshness and sustainability of the product during transportations through harsh conditions. Recently, various authorities of regions have implemented the usage of plain packaging which restricts them from applying any kind of marketing or branding on the packaging of tobacco and just includes the warning sign required as a mandate.
- Availability of smokeless tobacco as well as e-cigarettes in the industry is expected to boost the market growth
- Increasing stressful lifestyle is enhancing the adoption rate for tobacco products due to their features of reducing the stress levels
- Significant impacts associated with the advertising on product; this factor is expected to drive the market growth
- Enhanced levels of focus of manufacturers to distinguish their products from other competitors resulting in high demand for tobacco packaging in different shapes and sizes; this factor is expected to propel the market growth
- Growing awareness amongst the consumers regarding the significant negative impacts of smoking; this factor is expected to act as a restraint for the market growth
- Increasing prevalence of various cancerous diseases and different forms of cancer caused by smoking is expected to hamper the market growth
Segmentation: Global Tobacco Packaging Market
- Paper & Paperboard
- Paper Boxes
- White Board
- Solid Board
- Fiber Board
- Low-Density Polyethylene (LDPE)
- Linear Low-Density Polyethylene (LLDPE)
- High-Density Polyethylene (HDPE)
- Biaxially Oriented Polypropylene (BOPP)
- Cast Propylene (CPP)
- Polyvinyl Chloride (PVC)
- Smoking Tobacco
- Smokeless Tobacco
- Chewing Tobacco
- Dissolvable Tobacco
- Raw Tobacco
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
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Key Developments in the Market:
- In May 2019, Karelia Tobacco Company exhibited their latest “Eye-Catching Packaging” during the TFWA Asia-Pacific Exhibition held in Singapore. The company announced the availability of “Roll Your Own” mode for their “George Karelias and Sons” product range. This innovation in packaging will create valuable opportunities for their expansion in the Asia-Pacific market helping them create a significant presence in the region
- In December 2018, Turkey announced the implementation of packaging rules for tobacco products with the Law Number of 7151 for “Public Health” The new law implementation restricts the packaging of the product to have any kind of advertising or promotional branding on the packaging product. This will result in the availability of plain packaging for this particular regions
Global tobacco packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tobacco packaging market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Research Methodology: Global Tobacco Packaging Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete market analysis and forecasting
- Market definition, understanding the concept of tobacco packaging
- Market drivers and restraints of the industry
- Market segmentations and market share divided amongst them
- Key players in the market and their analysis
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