14-Jul-2021 | Market Research Store
According to a Market Research Store market research study, global demand for paper cigarette packaging market was USD 9.7 billion in 2020, with revenue expected to reach about USD 10.8 billion by the end of 2026, growing at a CAGR of roughly 1.8 percent from 2021 to 2026.
Tobacco and paper are hygroscopic materials that are impacted by humidity levels in the environment. They will absorb moisture if the ambient humidity is high, but moisture will be extracted from the materials if the humidity is low, drying them out and destroying their qualities. As a result, the packaging of these products is critical in preserving their qualities and quality.
Paper cigarette packaging can be defined as the various types or methods of packaging cigarette goods that are designed to create a roll of cigarettes while also preventing any harmful impacts from the external environment. These packaging products safeguard the product's freshness and sustainability during transit under difficult conditions, as well as assisting in the burning of cigarettes as and when required. Expanding cigarette output and growing demand for flavoured cigars with high-quality tobaccos are expected to drive the paper cigarette packaging market in the approaching years. In addition, the business is predicted to rise in the next years as the importance of packaging for advertising grows, as well as an increase in celebratory events such as events, parties, and other gatherings.
The paper cigarette packaging market may be divided into two categories based on the type of paper cigarette packaging used: flexible packaging and hard packaging. The paper cigarette packaging market may be divided into three categories based on the application of paper cigarette packaging: smoking tobacco, smokeless tobacco, and raw tobacco. Since this packaging of smoking products like as cigarettes, cigars, and bidis need extra moisture protection, the smoking segment is projected to account for a significant portion of the industry.
The COVID-19 pandemic has had a significant detrimental impact on the tobacco business. It's a fatal viral infection that targets the lungs and makes breathing difficult. People who smoke heavily or have a tobacco addiction have been identified as the most prone to illnesses such as Severe Acute Respiratory Syndrome (SARS), the Middle East Respiratory Syndrome Coronavirus (MERS-CoV), cardiovascular disease, and other pulmonary ailments. As a result of the health dangers linked with smokeless and smoking products, they are garnering unwanted attention.
Some of the major market players in Paper Cigarette Packaging Market are The International Paper Company, Japan Tobacco International, Innovia Films, Philip Morris International, Mondi Group, Novelis, ITC, British American Tobacco, Sonoco Product Company, Bihlmaier Gmbh, Reynolds American Corporation, WestRock, Smurfit Kappa Group PLC, Mayr-Melnhof Packaging International, Amcor. These companies used a range of strategies to improve their market position, including mergers and acquisitions, expansions, new product launches, partnerships, divestitures, and joint ventures. Mergers and acquisitions were a common strategy among these major players.
Increasing Consumption of Tobacco Products Drives The Market Growth
The market has been driven by rising per capita income and rising cigarette consumption in many emerging countries. Furthermore, cigarettes are one of the most appealing products to the youngest generation, which may contribute to an increase in their use. Tobacco packaging is now produced using a variety of methods, including offset printing, hot-foil rotogravure, and stamping. Thereby, certain factors boost the paper cigarette packaging market in recent years.
Asia Pacific Region Dominates the Global Paper Cigarette Packaging Market
The paper cigarette packaging market is divided into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific will lead the industry due the growing stress in work life, which provides a substantial client base for tobacco products, rising demand for cigarettes among women, and rising job stress. In addition to this, the growing population in India China presents a large customer base for tobacco products, which in turn is expected to drive the paper cigarette packaging market
Browse the full “Paper Cigarette Packaging Market by Type (Flexible Packaging and Hard Packaging), by Application (Smoking Tobacco, Smokeless Tobacco, and Raw Tobacco): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021– 2026 (Based on 2020 COVID-19 Worldwide Spread & Opportunities Assessment Beyond Covid-19 Crisis).” Report at https://www.marketresearchstore.com/market-insights/paper-cigarette-packaging-market-market-828597
This report segments the paper cigarette packaging market as follows:
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