Tobacco Packaging Market Trends

  • Report ID: 2768
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Tobacco Packaging Market Trends

Growth Drivers

  • Increasing Consumption Of Tobacco Products
    According to World Health Organization (WHO), there are about 1.337 billion smokers in 2018 with 244 million female and 1.093 billion males.
    The increasing smoking habits among end users can be attributed to the chaotic life styles, increased workload and hectic work schedules. Nicotine mimics several neurotransmitters and increases signaling of the brain. It also activates dopamine signals, creating a pleasurable sensation on the brain. Moreover, the trends of hookah bar and pub culture has led to an increase in the consumption of tobacco, thereby raising the need amongst tobacco manufacturers to opt for innovative packaging solutions, which in turn is anticipated to drive the growth of the market.   
  • Increasing Need For Packaging Amongst Manufacturers
    There has been an increasing importance on tobacco packaging by advertisers to distinguish between competing brands in order to gain greater consumer share, to help launch new tobacco products and further gain greater brand loyalty. Moreover, primary packaging helps in conserving the shelf life of the product, and secondary packaging facilitates the distribution channel for optimal transport effectiveness and cost efficiency. Such factors are anticipated to drive the growth of market during the forecast period.

Challenges

  • Raising Awareness For Ill Effects Of Tobacco
    Government and NGO's of various nations are organizing anti-tobacco drives to increase awareness about the ill effects of consuming tobacco, resulting in a reduction in its consumption. In addition, the World Health Organization (WHO) has already initiated several campaigns such as mAwareness & mSmoke-free to monitor cigarette consumption.

Tobacco Packaging Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

3.1%

Base Year Market Size (2023)

USD 15.42 billion

Forecast Year Market Size (2036)

USD 22.93 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, South Korea, Malaysia, Australia, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:


Author Credits:  Abhishek Anil


  • Report ID: 2768
  • Published Date: Oct 18, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of tobacco packaging is estimated at USD 15.8 billion.

Tobacco Packaging Market size was over USD 15.42 billion in 2023 and is anticipated to cross USD 22.93 billion by 2036, witnessing more than 3.1% CAGR during the forecast period i.e., between 2024-2036.

Asia Pacific industry is likely to account for largest revenue share by 2036, on account of growing intake of cigarettes and chewing tobacco in the region

The major players in the market are Amcor plc, R.J. Reynolds Vapor Company, ITC Limited, Innovia Films, WestRock Company, Mondi plc, Novelis, British American Tobacco plc, Sonoco Products Company, Philips Morris Products S.A., and others.
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