The global rolling papers market, also known as the cigarette paper market, is expected to reach a value of US$ 1.2 billion by 2033, driven by a surge in demand for hemp-based papers and the growing popularity of roll-your-own tobacco. This promising outlook is predicted on a 5.2% Compound Annual Growth Rate (CAGR) from 2023, according to a new report by Future Market Insights (FMI).
Hemp Papers Light Up the Market
Traditionally, pre-rolled cigarettes dominated the tobacco consumption landscape. However, a shift towards roll-your-own tobacco is driving demand for rolling papers. Consumers are increasingly opting for the control and customization offered by rolling their own, and hemp-based papers are leading the charge. The report highlights the significant growth potential of hemp papers, which cater to the rising preference for sustainable alternatives.
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Roll-Your-Own Trend Takes Hold
The growing popularity of rolled cigarettes, coupled with the legalization of recreational cannabis in an increasing number of regions, is expected to significantly boost rolling paper sales. Smokers seeking social spaces to indulge are also driving market growth. The rise of establishments permitting tobacco smoking and designated smoking zones in public areas offers a convenient environment for roll-your-own enthusiasts.
Challenges and Counterpoints
The introduction of alternative smoking equipment like bongs and e-cigarettes poses a challenge to the rolling paper market. Additionally, government efforts to curb smoking rates could dampen demand. However, the report finds opportunities in developing nations.
Emerging Markets Offer Untapped Potential
The increasing preference for rolling tobacco in developing economies presents a lucrative opportunity for manufacturers. As per the World Health Organization, over 80% of global tobacco users reside in low and middle-income countries. Manufacturers are strategically expanding their reach into these untapped markets, often through partnerships with regional players. Leading players from established markets are also entering fast-growing regions like Latin America and Asia Pacific to capitalize on the trend.
Key Takeaways:
- The global rolling papers market is expected to reach US$ 1.2 billion by 2033, driven by a 5.2% CAGR.
- Hemp-based rolling papers are leading growth due to rising sustainability concerns.
- The roll-your-own tobacco trend and cannabis legalization are key demand drivers.
- Expansion into developing markets offers significant opportunities for manufacturers.
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Key Companies Profiled
- Schweitzer-Mauduit International, Inc.
- Delfort Group AG
- Republic Technologies
- Richer Paper Co., Ltd.
- Snail Custom Rolling Papers
- Moondust Paper Private Limited
- Miquel y Costas
- JOB de Jean Bardou
- Devambez
- Recon Inc.
- Nippon Paper Papylia
- Pura Group
- Mudanjiang Hengfeng Paper Co., Ltd.
Market Segments Covered in Rolling Papers Industry Survey Report
By Material Type:
- Flax
- Sisal
- Hemp
- Rice Straw
- Other Material Types (Esparto, etc.)
By Basis Weight:
- Up to 10 gsm
- 10 gsm to 25 gsm
- 25 gsm & Above
By Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia Market
- Oceania Market
- The Middle East and Africa (MEA) Market
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Author:
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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