The global rolling papers market, also known as the cigarette paper market, is expected to witness significant growth over the next decade, with market size estimated to reach USD 714.1 million in 2023. According to a recent report by Future Market Insights (FMI), the market is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2033, pushing the market valuation to USD 1,185.5 million by 2033.
Key Growth Drivers:
- Surging Demand for Hemp-Based Rolling Papers: Hemp-based rolling papers are gaining popularity due to their natural composition and perceived health benefits. This trend is expected to steer the market’s growth, providing significant opportunities for manufacturers to innovate and capture market share.
- Shift in Consumer Preferences: Traditionally, pre-rolled cigarettes, pipes, and water pipes were the dominant methods for smoking tobacco. However, there has been a notable shift towards the roll-your-own (RYO) format, as consumers increasingly prefer to customize their smoking experience by choosing the type and amount of tobacco they use. This shift is anticipated to bolster sales of rolling papers during the assessment period.
- Legalization of Recreational Cannabis: The growing number of states and countries legalizing recreational cannabis is another key factor driving demand for rolling papers. As more consumers roll their cannabis, the market for rolling papers is expected to expand.
- Increasing Establishment of Smoking Zones: The rise in the number of pubs, restaurants, and commercial points that permit smoking is expected to boost sales. Additionally, the establishment of dedicated smoking zones in public places and commercial buildings is likely to further strengthen demand for rolling papers.
Impact of Legal Cannabis and Social Trends
The rising popularity of rolled cigarettes, coupled with the increasing legalization of recreational cannabis in various states, is a key driver for the market. More smokers are visiting pubs and restaurants where smoking is permitted, enhancing the demand for rolling papers. Furthermore, the establishment of dedicated smoking zones in public and commercial spaces is expected to strengthen market growth.
Challenges and Competitive Landscape
Despite the optimistic outlook, the market faces challenges from the introduction of alternative smoking equipment such as smoking pots, bongs, and e-cigarettes. Additionally, growing governmental efforts to curb smoking rates may pose limitations. However, the escalating influence of social media and cross-cultural trends are anticipated to drive up the popularity and demand for rolling papers, creating new opportunities for manufacturers.
Expansion into Emerging Markets
Emerging economies present significant growth opportunities for the rolling papers market. With over 80% of the world’s 1.3 billion tobacco users residing in low and middle-income countries, manufacturers are keen to expand their footprint in these regions. Companies like Schweitzer-Mauduit International, Inc. are actively investing in partnerships with regional players in Latin America and Asia Pacific to capitalize on the growing trend of rolled tobacco consumption.
United States Market Outlook
In the United States, the rolling papers market is expected to flourish, with an increasing number of states legalizing recreational cannabis use. In 2022, the U.S. market saw a year-over-year growth of 2.1%, reaching a valuation of US$ 165 million. FMI projects that the market will continue to grow at a CAGR of 3.7%, hitting US$ 170 million by 2033. Data from the Centers for Disease Control and Prevention (CDC) highlights that around 13% of the adult population, or roughly 30.5 million adults, smoked cigarettes in 2020, underscoring a significant consumer base for rolling paper manufacturers.
Key Takeaways:
- By material type, hemp segment is estimated to account for around 60% of the total market share in 2022.
- In terms of basis weight, demand in the 10 gsm to 25 gsm segment will increase at a 4.6% CAGR through 2032.
- Sales in the U.S. rolling papers market will grow at a 3.7% CAGR, reaching a valuation of US$ 164.8 Mn by 2032.
- China will account for a dominant share in the East Asia rolling papers market, with total sales reaching US$ 136 Mn by 2032.
Rolling Papers Market Landscape
Schweitzer-Mauduit International, Inc., Delfort Group AG and Republic Technologies are the top players operating in the rolling papers market. Furthermore, Richer Paper Co., Ltd., Snail Custom Rolling Papers, Nippon Paper Papylia, Pura Group, Mudanjiang Hengfeng Paper Co., Ltd. JOB de Jean Bardou, Devambez, Moondust Paper Private Limited and Miquel y Costas are the key players operating in the global rolling papers market. The Tier 3 players in the market are expected to hold 55-65% of the global rolling papers market share.
Access Full Report: https://www.futuremarketinsights.com/reports/rolling-papers-market
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
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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