Global Tobacco Packaging Market 2017-2021

The infographic below contains key findings from our tobacco packaging market research report

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Overview of the global tobacco packaging market

The tobacco packaging market will register a CAGR of nearly 3% during the forecast period. Innovation in tobacco packaging is one of the primary drivers of market growth. To stay competitive, tobacco packaging companies have employed several technologies and printing strategies and are providing innovative complex graphic design and exclusive structural designs. Moreover, technology implementation and innovation are one-time investments with steady revenue returns, thus emphasizing the need for tobacco packaging companies to be unique in their product offerings.  For Instance, the launch of Skruf Moist Snuff tobacco packaging designed by Neumeister, a smokeless tobacco product with a white packaging giving a brand sense of uniqueness and luxury.

One of the latest trends that will gain traction in the global tobacco packaging market is the emergence of sustainable packaging. Packaging solutions providers are now concentrating on staying creative with stability to attain energy efficiency, lower emissions, and transition to move renewable resources. Moreover, the investments on R&D and recycle of the packaging products are also rising, and numerous companies are working closely with the clients to evaluate the complete environmental effects of packaging.

Competitive analysis and key vendors

The global tobacco packaging market is mainly driven by the rising disposable incomes, innovations in the packaging technology, and rising tobacco consumption among women. Moreover, tobacco manufacturers are using packaging as a medium to target the women segment. Factors such as stringent regulations, government actions for tobacco control, and rising health awareness among people is anticipated to affect the market’s growth.

Some of the companies covered in this report are:

• Amcor
• International Paper
• ITC
• Philip Morris International

Segmentation based on the material used and analysis of the tobacco packaging market

• Paper box packaging
• Film packaging

During 2016, the paper box packaging segment led the tobacco packaging market and is expected to continue its dominance over the next four years as well. Factors such as environment-friendliness, cost-effectiveness, and light-weight feature contribute to the segment’s growth globally.

Geographical segmentation and analysis of the tobacco packaging market

• Americas
• APAC
• Europe
• MEA

In terms of geography, APAC dominated the global tobacco packaging market during 2016 and is foreseen to dominate the market during the forecast period. The presence of numerous low-income countries with liberal taxation will be a major factor fueling the growth of the market in this region in the next few years.

Key questions answered in the report include

• What will the tobacco packaging market size and the growth rate be in 2021?
• What are the key factors driving the global tobacco packaging market?
• What are the key market trends impacting the global tobacco packaging market?
• What are the challenges to market growth?
• Who are the key vendors in the global tobacco packaging market?
• What are the market opportunities and threats faced by the vendors in the global tobacco packaging market?
• What are the trending factors influencing the market shares of the Americas, APAC, Europe, and MEA?
• What are the key outcomes of the five forces analysis of the global tobacco packaging market?

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