-- Tobacco Packaging Market will be chiefly driven by increasing worldwide cigarette sales. Tobacco and paper are hygroscopic materials and are affected by the ambient humidity. If ambient humidity is high, they will tend to absorb moisture whereas if humidity is low, moisture will be drawn from the materials, drying them out and degrading their properties. Thus, the packing of these products is important to retain its properties and quality.
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.
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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.
According to type, the tobacco packaging market has been segmented into primary, secondary, and tertiary. Primary packing refers to the first layer of packing in which the product is contained. This segment is likely to register strong growth rates and will occupy a significant share of the industry as they are integral to any tobacco product packaging. Secondary packing is done not only to protect the product but also the primary packing. This segment will also occupy a considerable share of the market as they are extremely necessary while transportation, storage, and wholesale.
The Tobacco Packaging Market reports basic table of content consists of,
1. Methodology and Scope
2. Executive Summary
3. Tobacco Packaging Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 – 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter’s analysis
3.10. Company market share, 2018
3.11. PESTEL analysis
3.14. Regional price trends
4. Tobacco Packaging Product Insights
5. Tobacco Packaging Application Insights
6 Tobacco Packaging Regional Insights
7. Competitor Profiles
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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.
Reasons to Buy This Report:
1. Tobacco Packaging Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Tobacco Packaging Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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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 Info:
Name: Arun Hedge
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/tobacco-packaging-market
Release ID: 526321
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