Published: Jul-2021 | Format: PDF | Market Research Store | Number of pages: 165 | Code: MRS - 828597
Paper Cigarette Packaging Market: Overview
Paper cigarette packaging can be described as the different varieties or ways of packaging cigarette products that are designed to make a roll of cigarette as well as help the same from having any negative impact through external environment. These packaging products protect the sustainability and freshness of the product during transportations through harsh conditions and also help in burning of cigarette as and when required.
Paper Cigarette Packaging Market: Growth Factors
The paper cigarette packaging market is likely to be driven by expanding cigarette output and increased demand for flavoured cigars with high-quality tobaccos in the coming years. In addition, the growing relevance of packaging for advertising, as well as an increase in celebratory events such as events, parties, and others, is expected to boost the industry in the next years.
COVID-19's spread has had a detrimental impact on the paper cigarette package business, as the disease damages the lungs, and people are limiting the use of items and activities that weaken the lungs and put people at danger of developing the disease. Since the virus spread, sales of tobacco products have fallen due to decreased demand, the closure of retail establishments selling these goods, and supply chain disruptions. In the short term, this lower demand is expected to have a direct impact on paper cigarette packing.
|REPORT SNAPSHOT & REPORTING DATA TIMEFRAME|
|Historical Date ( Actual Data)||2016 - 2020|
|Base Year Data||2020|
|Current Year Data||2021|
|Projected Data||2021 - 2026|
Paper Cigarette Packaging Market: Segmentation
On the basis of type of paper cigarette packaging, the paper cigarette packaging market can be segmented into: flexible packaging and hard packaging. On the basis of application of paper cigarette packaging, the paper cigarette packaging market is further categorized into smoking tobacco, smokeless tobacco, and raw tobacco.
Paper Cigarette Packaging Market: Regional Analysis
Asia Pacific is likely to be the most significant paper cigarette packaging market owing to shifting consumption trends, increasing production volumes for raw product as well as increasing cigarette production in the region. Europe will also be a key paper cigarette packaging market which will occupy a significant share. Middle East & Africa region is likely to witness fast growth rates during the forecast timeframe owing to the rising trend of cigarette smoking in the region.
Paper Cigarette Packaging Market: Competitive Players
Some of the major market players in paper cigarette packaging market are Japan Tobacco International, Sonoco Product Company, Bihlmaier Gmbh, Innovia Films, Philip Morris International, Mondi Group, Novelis, British American Tobacco, The International Paper Company, Reynolds American Corporation, WestRock, Smurfit Kappa Group PLC, Mayr-Melnhof Packaging International, ITC, and Amcor. To increase their market position, these organizations used a variety of techniques such as mergers and acquisitions, expansions, new product launches, partnerships, divestitures, and joint ventures. Mergers and acquisitions were a popular tactic among significant players.
Frequently Asked Questions
What are the key factors driving paper cigarette packaging Market?
In emerging countries, rising population and per capita wealth have resulted in lifestyle changes, increasing effort, and stress, particularly in urban areas. People are increasingly turning to stimulants and anti-depressants, including cigarettes, to help them cope with stress and weight problems. Furthermore, cigarettes have become a significant draw for the youth population, resulting in an increase in their use. Thereby, certain factors are driving the market growth in recent years.
What will be the value of the paper cigarette packaging market during 2020- 2026?
According to a Market Research Store market research report, the global demand for paper cigarette packaging was estimated to be USD 9.7 Billion in 2020; and the revenue is expected to reach around USD 10.8 Billion by the end of 2026, increasing at a CAGR of around 1.8% from 2021 to 2026.
Which region will make substantial contributions to global revenues from paper cigarette packaging market?
Asia Pacific has been estimated to hold the largest market share in 2020 owing to the rise in population, which represents a significant client base for tobacco product. Moreover, growing demand for cigarettes among women, and rising workplace stress is also catering to the market growth.
What are the key players leveraging paper cigarette packaging market?
Some of the major market players in paper cigarette packaging market are Japan Tobacco International, Sonoco Product Company, Bihlmaier Gmbh, Innovia Films, Philip Morris International, Mondi Group, Novelis, British American Tobacco, The International Paper Company, Reynolds American Corporation, WestRock, Smurfit Kappa Group PLC, Mayr-Melnhof Packaging International, ITC, and Amcor among Others.
Paper Cigarette Packaging
Paper Cigarette Packaging