Global Tobacco Packaging Industry Report 2023-2028 - Adaptability and Consumer Preferences Shaping the Market Landscape

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Sep 27, 2023, 18:45 ET

DUBLIN, Sept. 27, 2023 /PRNewswire/ -- The "Tobacco Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global tobacco packaging market size reached US$ 17.5 Billion in 2022. Looking forward, the market is set to reach US$ 20.9 Billion by 2028, exhibiting a growth rate (CAGR) of 2.95% during 2023-2028.

Tobacco, a prominent member of the Solanaceae or nightshade plant family, is primarily consumed for its nicotine content. The essence of the tobacco packaging industry is preserving the dried tobacco leaves' quality, flavor, and aroma, catering to products like cigarettes, cigars, and raw tobacco.

Various materials dominate the tobacco packaging landscape, including paperboards, foils, laminates, metal cans, and more modern plastic-based films. The market also witnesses diverse commercial packaging styles, such as hinge-lid containers, stand-up pouches, and bundle wraps, reflecting the industry's adaptability and consumer preferences.

In essence, as the industry undergoes transformations and accommodates evolving consumer preferences, the global tobacco packaging market anticipates sustained growth and diversification.

A few driving forces behind the growing demand in this market include:

Urbanization & Youth Appeal: The rising urban settings and cigarettes' allure among young adults spur market growth.
Modern Lifestyle Factors: Stressful routines, mounting workloads, and the hectic pace of life amplify tobacco consumption, especially among professionals.
Nicotine as a Coping Mechanism: Acting as both a stimulant and anti-depressant, nicotine offers a temporary escape from daily challenges for many.
Innovative Product Variants: The market has seen the introduction of unique tobacco products, such as super-slim cigarettes and Roll-Your-Own-Cigarettes (RYOC), targeting diverse demographics.
Packaging Innovations: To captivate consumer attention, brands are exploring limited-edition packs, slide opening packs, and other design novelties.
Flexible Packaging Trend: Recognized for its barrier properties and cost-effectiveness, flexible packaging emerges as a preferred choice for tobacco products.

Key Questions Answered in This Report

How big is the global tobacco packaging market?
What is the expected growth rate of the global tobacco packaging market during 2023-2028?
What are the key factors driving the global tobacco packaging market?
What has been the impact of COVID-19 on the global tobacco packaging market?
What is the breakup of the global tobacco packaging market based on the material type?
What is the breakup of the global tobacco packaging market based on the packaging type?
What is the breakup of the global tobacco packaging market based on the end use?
What are the key regions in the global tobacco packaging market?
Who are the key players/companies in the global tobacco packaging market?

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being

Amcor plc
China National Tobacco Corporation
Innovia Films
Philip Morris International Inc.
ITC Limited
International Paper Company
Japan Tobacco International
Siegwerk Druckfarben AG & Co. KGaA
WestRock Company
Sonoco Products Company
Smurfit Kappa Group plc
Mondi Group
Reynolds Group Holdings Limited
Oracle Packaging

Key Market Segmentation:

Breakup by Material Type:

Paperboards
Paper Boxes
Plastic
Jute
Metal
Others

Breakup by Packaging Type:

Primary Packaging
Secondary Packaging
Bulk Packaging

Breakup by End Use:

Smoking Tobacco
Cigarettes
Cigars
Smokeless Tobacco
Chewing Tobacco
Snuff
Dissolvable Tobacco
Others
Raw Tobacco

Breakup by Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

For more information about this report visit https://www.researchandmarkets.com/r/zfwwkg

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SOURCE Research and Markets