USD 13.7 billion
Report ID: SQSG30J2001 | Region: Global | Published Date: August, 2022 | Pages: 165 | Tables: 63 | Figures: 75
Global Tobacco Packaging Market size was valued at USD 13.7 billion in 2021 and is poised to grow from USD 14.14 billion in 2022 to USD 18.77 billion by 2030, growing at a CAGR of 3.2% in the forecast period (2023-2030).
The term "tobacco packaging" refers to the various types of packaging materials designed to shield tobacco products from having any unfavourable environmental effects. An agricultural commodity called tobacco is made by curing tobacco leaves. It is used to make a variety of goods, including cigarettes, cigars, and chewing tobacco, and includes the highly addictive stimulant nicotine. The packing is a crucial element because it protects the tobacco from odour and acts as a barrier against moisture microorganisms, degradation, and transmission.
The idea of simple packaging is used by several nations to control tobacco use in each nation separately. As a result, manufacturers of tobacco packaging have very little room to innovate and create new items to be packaged. Nevertheless, the packaging goods are the only means of promotion for tobacco items. As a result, packaging businesses look at every chance to create appealing packaging for goods that complies with all legal requirements.
US Tobacco Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 13.7 billion
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The global tobacco packaging market has been segmented based on material, packaging, and region. By material, the market is segmented into paper, boxes, plastic and others. Based on the Packaging is classified as primary and secondary. Based on region the tobacco packaging market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Tobacco Packaging Market Analysis by Material
Paper packaging has a significant market share of 63.8% in 2021 and is anticipated to increase at the highest rate during the projected period. Paper boxes are used to make almost all tobacco packs, which has helped the industry thrive. Most tobacco products are discovered to be packaged in paper boxes. Over the projected period, it is expected that this will in turn increase demand for paper boxes.
In the tobacco packing sector, paper boxes are frequently used. It is becoming more and more popular because it is economical and environmentally beneficial. Paper box packaging includes a barrier of plastic or foil to prevent damage to cigarettes or tobacco, which may spur market expansion in the years to come. One of the things that may be driving the industry is the paper boxes' extremely low weight and ease of portability. The growing problems brought on by non-biodegradable or non-recyclable packaging, such as plastic packaging, could spur market expansion. People prefer to use things made of paper since plastic causes many health conditions, such as skin cancer. It can be one of the factors driving the expansion of the market on a global scale. Many nations have outlawed the use of plastic due to strict governmental laws, thus producers are producing biodegradable packaging like jute boxes. Over the projected period, this is anticipated to increase demand for secondary packaging.
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Asia Pacific is the most dominating region capturing the fastest-growing region in the global tobacco market. The top three nations for tobacco product production are China, India, and Japan. The increase is linked to the expanding cigarette demand, which also presents the market in this area with lucrative growth potential. Russia, Germany, and the UK are the three major donors to Europe, which is the second-largest area. Due to the strict restrictions placed on the use of tobacco, this region's expansion is, however, slowing down. Additionally, the region's market for tobacco products is dropping as e-cigarette use increases. Due to the growing popularity of tobacco products including cigars, cigarettes, and chewing tobacco in nations like Egypt, South Africa, and Turkey, the Middle East & Africa is the third-largest region in the world. The demand for the market in this area has increased as a result.
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Tobacco Packaging Market Driver
Tobacco Packaging Market Restraint
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The top 15 companies account for the majority of the market share at the moment, with the competitive landscape of the market showing a semi-fragmented structure. Important players have made significant investments in the development of various tobacco packing products and manufacturing methods. The market leaders' main advantages include a broad range of products, innovative and safe technological development, outstanding operational effectiveness, and a robust end-user distribution network. In addition, players have used tactics including territorial expansion, the creation of new products, mergers and acquisitions, and others to broaden their regional reach and product offering.
Tobacco Packaging Market Top Player's Company Profiles
Tobacco Packaging Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by material type, the paper box dominated the global Tobacco Packaging market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, Asia Pacific dominated the globe due to the Tobacco Packaging market owing to the region's high population along with people buying behaviour.
|Market size value in 2021||USD 13.7 billion|
|Market size value in 2030||USD 14.14 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Tobacco Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Tobacco Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Tobacco Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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