— Tobacco is manufactured from the leaves of tobacco plants. It comes from genus nightshade and Nicotiana plant family. In order to prevent tobacco from aroma transmission, external bacteria, an accurate quality of packing is needed. The packaging plays a crucial role in keeping the products in a safe and perfect condition and also offers information about product content, ingredient. There are numerous types of tobacco products available in the market like hookah-cigarettes, pipe, dissolvable tobacco, E-Cigarette & Smokeless tobacco for chewing or dipping, cigars, cigarettes, etc. The tobacco consumption across the globe has increased exponentially over the years.
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The global Tobacco Packaging Market has been experiencing a major raise in the growth rate in past few years. The major aspect responsible for this upsurge in the growth of the industry is the continuous growing demand for cigarettes due to the increased consumption across the globe. In addition to that, due to the increasing research and development activities in the field which caused the introduction of innovative tobacco products like e-cigarettes or tobacco that is smokeless for chewing and dipping in past decade has also been adding fuel to the Tobacco Packaging market growth process in future years.
The rising globalization has given rise to the increase in stress and workload especially in urban regions. People are preferring anti-depressants like cigarettes in order to get rid of this stress, which in turn is boosting the growth of the Tobacco Packaging Market. Furthermore, the factors like rise in population, growing demand for cigarettes among female smokers, rise in per capita income are some of the major reasons propelling the industry growth. Moreover, the increasing craze of cigarette smoking among young generation is also providing boost to the market growth. However, the rising health concerns and government initiatives might hamper the growth of the Tobacco Packaging in future years.
Major players operating across the tobacco packaging market comprise of Amcor Ltd., Innovia Films, ITC, WestRock, Mondi Group, British American Tobacco, Sonoco, Novelis, Philip Morris International Inc., and Reynolds American Corporation. These industry players are adopting inorganic growth strategies including mergers & acquisitions, joint ventures along with organic strategies such as regional expansion and product launches to strengthen their market presence.
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Some Major Points from TOC:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Tobacco Packaging Market by Product
Chapter 6 Tobacco Packaging Market by Material
Chapter 7 Tobacco Packaging Market By Region
Chapter 8 Competitive Landscape
Chapter 9 Company Profiles
9.1.1 Innovia Films
9.3 Amcor Ltd.
9.5 Mondi Group
9.6 British American Tobacco
9.8 Philip Morris International Inc.
9.9 Reynolds American Corporation
Chapter 10 Appendix
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