Tobacco Packaging Market 2023: Industry Size, Share, Growth Rate, Demand, Trends, Forecast by 2028

The latest report published by IMARC Group, titled "Tobacco Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on tobacco packaging market. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global tobacco packaging market size reached US$ 17.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.9 Billion by 2028, exhibiting a growth rate (CAGR) of 2.95% during 2023-2028.

Tobacco packaging refers to the materials and design used to enclose and present tobacco products, primarily cigarettes and smokeless tobacco. The packaging serves several essential functions, from containing and protecting the tobacco to conveying product information and branding. It has evolved significantly over time and is subject to strict regulations in several countries due to health concerns associated with tobacco use. Cigarettes are usually sold in rectangular paperboard boxes or soft packs, while smokeless tobacco products come in various containers, such as cans or pouches. Regulations often require health warnings, such as graphic images or text, to inform consumers about the dangers of tobacco use. Additionally, product and manufacturer information, including brand names and tar or nicotine content, may be present. Some tobacco products feature innovative packaging, such as resealable packs or packs designed to reduce environmental impact through materials or size reduction.

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Market Trends:

The rising health-conscious consumers and the government's efforts to curb tobacco consumption are driving the global market. Furthermore, stringent regulations governing the packaging of tobacco products have influenced the market. Graphic health warnings and plain packaging laws in various countries have standardized the appearance of cigarette packs, limited branding and emphasizing health warnings. This has pushed tobacco companies to focus more on the quality and appeal of the packaging materials themselves, including aspects like texture, durability, and opening mechanisms. Furthermore, sustainability concerns have gained traction in the tobacco packaging industry. There is increasing pressure to reduce the environmental impact of tobacco packaging, which has historically relied on non-recyclable materials. As a result, there is a growing demand for eco-friendly and biodegradable packaging options that align with environmental consciousness.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Amcor plc
• China National Tobacco Corporation
• Innovia Films
• Philip Morris International Inc.
• ITC Limited
• International Paper Company
• Japan Tobacco International
• Siegwerk Druckfarben AG & Co. KGaA
• WestRock Company
• Sonoco Products Company
• Smurfit Kappa Group plc
• Mondi Group
• Reynolds Group Holdings Limited
• Oracle Packaging

Tobacco Packaging Market Segmentation:

Our report has categorized the market based on region, material type, packaging type and end use.

Breakup by Material Type:
• Paperboards
• Paper Boxes
• Plastic
• Jute
• Metal
• Others

Breakup by Packaging Type:
• Primary Packaging
• Secondary Packaging
• Bulk Packaging

Breakup by End Use:
• Smoking Tobacco
o Cigarettes
o Cigars
• Smokeless Tobacco
o Chewing Tobacco
o Dissolvable Tobacco
o Others
• Raw Tobacco

Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.