With sales forecast to increase at a CAGR of 3.2% and surpass US$ 19.3 billion by 2032, the global tobacco packaging market is anticipated to reach US$ 14.1 billion in 2022.
The market’s expansion is attributable to elements including rising urbanisation and young cigarette consumption. In addition, people smoke more due to their high levels of stress, increased workloads, and tight schedules.
Sales of tobacco are increasing as a result of product developments like Roll-Your-Own-Cigarettes (RYOC), additive-free alternatives, and micro cigarette variations. To reduce the harmful effects of tobacco use, the World Health Organisation and government authorities are putting in place a number of programmes.
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Plain packaging is one such project that was originally implemented by the Australian government. For tobacco products, plain packaging entails a set of colours, controlled brand name display, required health warnings, and a lack of logos, brand imagery, or promotional writing. This legislation intends to lessen the allure of tobacco products, improve the efficacy of health warnings, and stop the dissemination of false information.
The UK government and a number of other nations have embraced the idea of plain packaging. The adoption of plain packaging is gaining traction internationally, with 38 nations/territories moving in that direction, 21 having already adopted the policy, 3 having actually put it into practise, and 14 still working on it.
According to a report by the Federal Trade Commission, sales of tobacco packaging in the 1 Oz to less than 2 Oz packaging size sector have surpassed other segments, reaching 1,181 billion units in 2020. Customers favour wet snuff, which is typically sold in boxes. Despite having a sizable market share, the boxes segment is projected to increase by 1.5 times its current value by 2032.
Furthermore, key players in the industry are expected to find opportunities in the packaging of Heated Tobacco Units (HTU). The shifting consumer preference from smoking tobacco to smokeless tobacco is driving the growth of the global tobacco packaging market. Companies like British American Tobacco (BAT) and Tobacco International are planning to invest in HTU products, which is expected to further stimulate market growth.
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“Increasing preference for paper and paperboard packaging, along with growing popularity of smokeless tobacco will create prospects for growth in the market,” says an FMI analyst.
Key Takeaways:
- Based on material type, total demand for paper and paperboard tobacco packaging will increase at a 4.1% CAGR over the forecast period.
- During the assessment period, China is expected to account for 42% of the East Asia market share.
- In terms of packaging format, demand for boxes will grow at a 3.6% CAGR over the forecast period.
- The India tobacco packaging market is expected to grow at a CAGR of 7% during the assessment period.
Competitive Landscape
Key players in the global tobacco packaging market are concentrating on providing lightweight and sustainable tobacco packaging solutions. Some of the leading players operating in the market include WestRock Company, Amcor plc, International Paper Company, Smurfit Kappa Group plc, Mondi plc, Innovia Films Limited, Siegwerk Druckfarben AG & Co. KGaA, Stora Enso Oyj, ITC Limited, Treofan Group.
- Stora Enso Oyj has announced the introduction of Box Inc., a digital B2B marketplace for recyclable carton packaging. Box Inc. is a new platform that aims to make it easier for businesses to buy packaging online while also allowing suppliers to reach new consumers without having to build their own internet presence.
- Amcor has completed its purchase of Bemis. As a result, Amcor bolstered its consumer packaging position, attracting even more talent, worldwide reach, size, and technical skills.
Global Tobacco Packaging Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for global tobacco packaging market by material (plastic, paper & paperboard, others (jute, metal, etc.)), by distribution channel (online, and offline), by packaging type (pouches & sachets, bags & sacks, boxes, others (cans, jars, etc.)) across seven regions.
Key Questions the Report Addresses
• What are the global trends in the tobacco packaging market? Would the market witness an increase or decline in the demand in the coming years?
• Where will the strategic developments take the industry in the mid to long-term?
• What are the upcoming industry applications and trends for tobacco packaging market?
• What is the estimated demand for different types of products?
• Who are the major players in the tobacco packaging market globally?
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Global Tobacco Packaging Market by Category
By Material:
- Plastic
- Paper & Paperboard
- Others (Jute, Metal, etc.)
By Distribution Channel:
- Online
- Offline
By Packaging Type:
- Pouches & Sachets
- Bags & Sacks
- Boxes
- Others (Cans, Jars, etc.)
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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