Tobacco Packaging Market : Growth Analysis & Forecast Till 2030

Tobacco refers to any of various plants of the genus Nicotiana, which are widely cultivated for their leaves, which are dried, and processed chiefly for smoking cigarettes, cigar, and pipes. Since 1964, when conclusive evidence regarding deadly effects of tobacco consumption has been found, a sharp decline in government support for producing and manufacturing of tobacco has been witnessed. There are many countries and nations which has imposed restrictions on tobacco consumption, still the growth of tobacco production and consumption is witnessing steady growth. China accounts for more than 40% of world tobacco production.

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Tobacco products are often heavily taxed as an incentive for people not to smoke and to gain revenues for governments. The global tobacco market was valued at $646 billion in 2019 and is expected to grow with CAGR of 1.8% during 2020-2030 to reach value of $786.1 billion in 2030. Latin America, Africa, and Asia-Pacific are the regions which are expected to witness above industry average growth during the forecast period. Economic development in the emerging economies, growing disposable income of consumers, huge consumer base, and increasing work life stress are the major factors which will drive the demand for tobacco products in region such as Latin America, Africa, and Asia-Pacific. Growing penetration of online sales along with growing demand for premium packaged products will further lift the tobacco industry across the globe.

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The report will answer questions such as:
• How is the tobacco packaging market evolving?
• What is driving and restraining the tobacco packaging market?
• How will each tobacco packaging submarket segment grow over the forecast period and how much revenue will these submarkets account for in 2030?
• How will the market shares for each tobacco packaging submarket develop from 2020 to 2030?
• What will be the main driver for the overall market from 2020 to 2030?
• Will leading tobacco packaging markets broadly follow the macroeconomic dynamics, or will individual national markets outperform others?
• How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
• Who are the leading players and what are their prospects over the forecast period?
• What are the tobacco packaging projects for these leading companies?
• How will the industry evolve during the period between 2019 and 2030?

The report also includes profiles and for some of the leading companies in the global tobacco packaging market.

Notes for Editors
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