Global Tobacco Packaging Market Growth 2023-2029

Global Tobacco Packaging Market Growth 2023-2029

Tobacco packaging demands premium quality with flavor barrier properties, easy printing, and handling. To prevent tobacco from deterioration, aroma transmission, and bacteria by sustaining a microclimate is choice of the right quality of packaging is paramount. Tobacco flexible packaging is available in a variety of forms to cater for various packaging needs. Some examples of these forms include, shrink sleeves, stand-up pouches, and three sided seal bags. By far and away the most significant is the flip top pack. This kind of packaging protects the cigarettes from damage and is most popular in western markets. The next most significant is soft pack, which is essentially a pack of paper construction, which offers minimal to the cigarette, but is less expensive to produce. Laminate structures of compostable films are used to produce pouches widely used by the Roll Your Own (RYO) tobacco. For primary packaging laminating materials, including bi-axially oriented polypropylene (BOPP), PE, PVDC lacquer, metalized films, polyester and nylon are employed. Flexible packaging has witnessed an increased adoption, owing to the flexibility in production, improved barrier properties, and cost effectiveness in nature.

LPI (LP Information)' newest research report, the “Tobacco Packaging Industry Forecast” looks at past sales and reviews total world Tobacco Packaging sales in 2022, providing a comprehensive analysis by region and market sector of projected Tobacco Packaging sales for 2023 through 2029. With Tobacco Packaging sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tobacco Packaging industry.

This Insight Report provides a comprehensive analysis of the global Tobacco Packaging landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tobacco Packaging portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tobacco Packaging market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tobacco Packaging and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tobacco Packaging.

The global Tobacco Packaging market size is projected to grow from US$ 11690 million in 2022 to US$ 14800 million in 2029; it is expected to grow at a CAGR of 14800 from 2023 to 2029.

Global core tobacco packaging manufacturers include Amcor, WestRock, Jinjia Group etc.The top 5 companies hold a share about 30%. Asia-Pacific is the largest market, with a share about 55%, followed by Europe with the share about 21%.

This report presents a comprehensive overview, market shares, and growth opportunities of Tobacco Packaging market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Paper Material

Film Material

Segmentation by application

Low-grade Cigarettes

Mid-grade Cigarettes

High-grade Cigarettes

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Amcor

International Paper

ITC

Phillip Morris International

Amcor

British American Tobacco

Mondi

Novelis

Packaging Corporation of America

Reynolds Group

Siegwerk

Sonoco

WestRock

Jinjia Group

DFP

Mayr-Melnhof Packaging

Brilliant Circle Holdings International Limited

Jinshi

Jinye Group

Yunnan Energy New Material Co., LTD.

Innovia Films(CCL)

Shenzhen YUTO Packaging Technology Co., Ltd.

Treofan Group

Yongji Co., Ltd

Taghleef Industries Group

SIBUR (Biaxplen)

Anhui Genuine Paper Packing Co., Ltd.

Guangdong New Grand Long Packing Co.,Ltd.

TCPL Packaging Ltd

Egem Ambalaj

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tobacco Packaging market?

What factors are driving Tobacco Packaging market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Tobacco Packaging market opportunities vary by end market size?

How does Tobacco Packaging break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.