Anticipated to reach a sum of US$ 14.1 billion in the year 2022, the worldwide tobacco packaging market is set to experience a demand surge, projecting a compound annual growth rate (CAGR) of 3.2%. This trajectory would result in the market’s value scaling up to US$ 19.3 billion by 2032.
China’s dominance in the global tobacco landscape is undeniable, as it stands as the largest producer and consumer of tobacco products. Alarming statistics from the World Health Organization (WHO) reveal that over 300 million smokers reside in China, representing a third of the world’s total consumption, with more than half of its adult male population being smokers. This staggering figure is projected to rise further, with FMI’s forecast indicating that China’s market will capture a commanding 42% share of the East Asia tobacco packaging market by 2032, solidifying its pivotal role in the industry’s regional dynamics.
In the United States, controlled tobacco production and stringent government regulations are poised to influence tobacco packaging sales. Despite a significant decline in tobacco production, the U.S. remains a prominent global producer of tobacco leaves, ranking fourth in the world after China, India, and Brazil. States like North Carolina and Kentucky, which collectively contribute to over 70% of total tobacco cultivation, have witnessed increased sales of tobacco products. With U.S. farms harvesting more than 533 million pounds of tobacco in 2018, the data indicates a steady growth trend, with tobacco packaging sales projected to achieve a 2.2% Compound Annual Growth Rate (CAGR) throughout the forecast period.
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Furthermore, key players in the industry are expected to explore opportunities in packaging Heated Tobacco Units (HTU). The shift in consumer preference from smoking tobacco to smokeless alternatives is driving market growth. Companies like British American Tobacco (BAT) and Tobacco International are planning to invest in HTU products, further stimulating the growth of the global tobacco packaging market.
“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.
Market Drivers-
- Regulatory Compliance: Stringent regulations related to health warnings, graphic packaging, and safety measures drive the need for compliant and innovative packaging solutions in the tobacco industry.
- Brand Identity: Packaging serves as a critical element for brand differentiation and attracting consumers in a competitive market. Unique, eye-catching designs are essential for brand identity.
- Consumer Convenience: Easy-to-open and resealable packaging options enhance the convenience of tobacco products for consumers.
- Product Freshness: Packaging plays a crucial role in preserving the freshness and quality of tobacco products, ensuring they meet consumer expectations.
- Security Features: Anti-counterfeiting measures are imperative in tobacco packaging to prevent illegal trade and protect the integrity of the product.
- Environmental Sustainability: The demand for eco-friendly packaging materials is growing, reflecting the global shift towards sustainable and biodegradable options.
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.
Recent Developments-
- 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.
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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 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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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