DUBLIN, June 13, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Tobacco Packaging Market by Material (Paper, Paper Boxes, Plastic, Jute), Type (Primary, Secondary, Bulk), End Use (Smoking Tobacco, Smokeless Tobacco, Raw Tobacco), and Region - Global Forecast to 2022" report to their offering.
The tobacco packaging market size is estimated to grow from USD 14.27 Billion in 2017 to USD 16.65 Billion by 2022, at a CAGR of 3.1%. The tobacco packaging market is witnessing considerable growth due to the rise in per capita income and stressful lifestyles. Equality laws for women have developed a new market for female smokers, which is another key factor fueling the growth. Tobacco packaging has come across new opportunities due to the growth in population and the technological advancements
On the basis of material, the tobacco packaging market is segmented into paper boxes, paper, plastic, jute, and others. The paper box packaging segment is expected to have a high growth rate during the forecast period. Paper box packaging is a developing trend in the packaging industry. It is environment-friendly and cost-effective, and is hence gaining popularity in many regions. Due to the rising issues regarding the non-biodegradable nature of plastic and metal packaging, paper box packaging is highly preferred by manufacturers.
On the basis of type, the tobacco packaging market is segmented into primary, secondary, and bulk. The secondary segment accounted for the largest share in 2016 and is also projected to grow at the highest CAGR over the next five years. Increase in consumption of cigarettes in social gatherings and rise in demand for innovative cigarette boxes have boosted the market for secondary packaging.
In 2016, the Asia-Pacific market accounted for the largest share of the global tobacco packaging market, followed by Europe and North America. Factors such as the growing stress in work life and rising demand for cigarettes among women have contributed to the growth in demand for tobacco packaging. In addition to this, the growing population in these countries presents a large customer base for tobacco products, which in turn is expected to drive the tobacco packaging market The rising trade of tobacco in the region drives the demand for tobacco products, subsequently driving the tobacco packaging market.
- API Group PLC
- Altria Group
- Amcor Limited
- Amvig Holdings Limited
- Ardagh Group
- British American Tobacco P.L.C.
- Bulgartabac-Holding Ad
- Carreras Limited
- Ceylon Tobacco Company
- Godfrey Phillips India Ltd
- ITC Limited.
- Innovia Films Ltd
- Karelia Tobacco Co. Inc.
- Marden Edwards
- Mondi Group
- NTC Industries Limited
- Oracle Packaging
- PGP Precision
- PT Hanjaya Mandala Sampoerna Tbk.
- Philip Morris International Inc.
- Reynolds American Inc.
- Sonoco Consumer Products Europe GmbH
- Vector Tobacco Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Tobacco Packaging Market, By Material
7 Tobacco Packaging Market, By Type
8 Tobacco Packaging Market, By End Use
9 Tobacco Packaging Market, By Region
10 Competitive Landscape
11 Company Profile
For more information about this report visit http://www.researchandmarkets.com/research/949cvw/tobacco_packaging
Research and Markets
Laura Wood, Senior Manager
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/tobacco-packaging-market-by-material-paper-paper-boxes-plastic-jute-type-primary-secondary-bulk-end-use-smoking-tobacco-smokeless-tobacco-raw-tobacco--region---global-forecast-to-2022---research-and-markets-300473000.html
SOURCE Research and Markets