"We Envision Growth Strategies Most Suited
to Your Business"

Tobacco Packaging Market Reached USD 17.63 Billion in 2022; Growing Consumption of Smokeless Tobacco Forms to Boost the Market Growth

October 19, 2023 | Chemicals & Materials

The global tobacco packaging market size stood at USD 17.63 billion in 2022. The market value is slated to rise from USD 18.23 billion in 2023 to USD 25.24 billion by 2030 at a CAGR of 4.76% during 2023-2030. Fortune Business Insights™ presents this information in its report, titled “Tobacco Packaging Market Size, Share & COVID-19 Impact Analysis, By Material (Plastic, Paper, Paperboard, and Others), By Product Type (Boxes, Folding Cartons, Films & Wraps, Bags & Pouches, and Others), By Packaging Type (Primary and Secondary), and Regional Forecast, 2023-2030” The expansion can be credited to the growing restrictions by the government over advertising tobacco products via other advertising channels. Due to this factor, packaging serves as the only platform to promote the products.


Halt in Supply Chain Negatively Impacted the Market Growth


The COVID-19 pandemic had a significant influence on the market. A halt in the supply chain led to a delay in the procurement of materials such as inks, cardboard, and paper, which are utilized for tobacco packaging. Moreover, the pandemic highlighted health and safety concerns, which compelled companies and governments to focus on health warnings and anti-smoking labels on the products.


Siegwerk Opened a Warehouse Facility at Tauru to Meet the Growing Demand for Packaging Inks


In April 2022, Siegwerk, a prominent manufacturer of printing coatings and inks for packaging applications, announced the opening of a color matching and warehouse facility at Tauru, Haryana. This move aimed to cater to the rising demand for packaging inks in India.


Market Value to Grow Owing to Rising Consumption of Smokeless Tobacco Forms


Tobacco packaging market growth is driven by increasing consumption of smokeless forms of tobacco. Moreover, this form of tobacco has witnessed high demand owing to the growing harmful implications of smoke emitted during tobacco consumption on smokers and passive smokers, especially in children. Hence, smokeless products such as snus, chewing tobacco, gum, and snuff have gained traction as alternatives to cigarettes.


Despite such growth opportunities, strict guidelines on the consumption and marketing of tobacco may hinder the market growth.


Prominent Market Players Emphasize Mergers and Acquisition Strategies to Maximize their Revenue


Key tobacco packaging manufacturers are implementing various strategic initiatives to boost their market value. Several companies are investing substantial amounts in R&D to launch innovative products in the tobacco packaging space. Market players are also focusing on mergers and acquisition strategies to sustain their industry leadership.


List of Key Players Profiled:



  • Amcor Limited (Australia)

  • WestRock (U.S.)

  • Smurfit Kappa (Ireland)

  • Mondi Group (Austria)

  • Sonoco (U.S.)

  • Stora Enso Oyj (Finland)

  • Innovia Films (UK)

  • ITC Limited (Kolkata)

  • Taghleef Industries (U.S.)

  • International Plastics Inc. (U.S.)

  • Cigar Box Factory Estelí S.A. (Nicaragua)

  • LLFlex (U.S.)

  • Atlantic Packaging  (U.S.)


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/tobacco-packaging-market-102865


Key Industry Development


September 2020- LLFlex, a leading manufacturer of packaging materials and industrial laminate products for consumer packaging, completed the acquisition of Hampden Papers. It helped the company expand its consumer packaging offerings of packaging niches, such as film, paper, foil-based packaging for food & beverage, transfer-metalized paper, and others.


Further Report Findings



  • The Asia Pacific market held the largest share in 2022. The regional growth can be credited to the surge in the demand for cigarettes.

  • Europe is the second-leading region in the market, due to development in packaging and printing technologies in the region.

  • By material, the market is categorized into plastic, paperboard, paper, and others. The plastic segment has the largest tobacco packaging market share. Plastic packaging is deployed as bags and pouches owing to its growing demand in chewing tobacco blends and rolling. This factor is impelling the segment growth.

  • With respect to product type, the market is divided into films & wraps, folding cartons, bags & pouches, boxes, and others. The folding cartons segment dominated the market in 2022. Folding cartons are sustainable alternatives to other packaging counterparts as they are manufactured using recyclable or biodegradable materials. This factor is propelling the segment growth.

  • In terms of packaging type, the market is categorized into secondary and primary. The secondary segment is slated to expand at a high growth rate than the primary segment during the forecast period. The growth in the demand for cigars and cigarettes is proliferating the segment expansion.


Table of Segmentation



















































ATTRIBUTE



DETAILS



Study Period



2019-2030



Base Year



2022



Estimated Year 



2023



Forecast Period



2023-2030



Historical Period



2019-2022



Growth Rate



CAGR of 4.76% from 2023 to 2030



Unit



Value (USD Billion) and Volume (Kiloton)



Segmentation



By Material



  • Plastic

  • Paper

  • Paperboard

  • Others



By Product Type



  • Boxes

  • Folding Cartons

  • Films & Wraps

  • Bags & Pouches

  • Others



By Packaging Type



  • Primary

  • Secondary



By Region



  • North America (By Material, By Product Type, By Packaging Type, and Country)

    • U.S. (By Material)

    • Canada (By Material)



  • Europe (By Material, By Product Type, By Packaging Type, and Country)

    • Germany (By Material)

    • France (By Material)

    • U.K. (By Material)

    • Italy (By Material)

    • Spain (By Material)

    • Russia (By Material)

    • Rest of Europe (By Material)



  • Asia Pacific (By Material, By Product Type, By Packaging Type, and Country)

    • China (By Material)

    • India (By Material)

    • Japan(By Material)

    • Australia (By Material)

    • Southeast Asia (By  Material)

    • Rest of the Asia Pacific (By  Material)



  • Latin America (By Material, By Product Type, By Packaging Type, and Country)

    • Brazil (By  Material)

    • Mexico (By Material)

    • Rest of Latin America (By Material)



  • Middle East& Africa (By Material, By Product Type, By Packaging Type, and Country)

    • GCC (By Material)

    • South Africa (By Material)

    • Rest of the Middle East & Africa (By Material)





 

Tobacco Packaging Market
  • PDF
  • 2023
  • 2019-2022
  • 210

    CHOOSE LICENSE TYPE

  • 4850
    5850
    6850

Our Clients

Lg
Samsung
Topcon
Ansell
Itic
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X