Cigarette Packaging Market: An Overview
Cigarette packaging refers to packaging of cigarettes in rigid cardboard boxes. Along with that there is also a plastic coating over the cardboard box, which prevents cigarettes from moisture. Overall, the demand for cigarettes is rising due to changes in cigarettes consumption patterns and consumer preferences towards smoking. In today’s market millennial population is driving demand for cigarettes, also it can be called result of urbanization that cigarette consumption has multiplied over the years. Mostly the cigarettes are packed in soft or hard cardboard box and wrapped in a protective cellophane, this is the most commonly used format for cigarette packaging in the world. Average number of cigarettes packed in one box is either 10-20, the lesser number of cigarettes packed in a box prevents it from getting stale once the pack is open. The demand for cigarette packaging is directly related to its parent market of smoking tobacco. Instead of warnings of health hazards on the pack, global cigarette industry is booming under all the circumstances.
Cigarette Packaging Market: Dynamics
The booming demand for cigarettes in retail sector, online sales and with technological advancements in place, global cigarette packaging industry is set to witness staggering growth for the upcoming years. In the modern day usage of cigarette as a stress buster is driving the cigarette market, as the number of stress increases among working class more surge in consumption patterns of cigarettes can be seen. The changes in lifestyle and work culture with no legal smoking age in some countries drag more number of youth in to smoking. Moreover companies manufacturing cigarettes also focusing on a distribution channel that reaches every corners, whether it is rural area or urban. The fewer drawbacks for global cigarette packaging market is rising awareness about anti-smoking campaigns, more strict laws by government for sale and packaging of cigarettes. According to WHO guidelines, cigarettes can only be packed in plain packaging and usage of attractive logos and colors is prohibited, all these measures are to make smoking products look less attractive. Other than few setbacks, global cigarette packaging market is set to boom riding on the back of increased cigarette consumption globally.
Cigarette Packaging Market: Segmentation
On the basis of material type, the cigarette packaging market is segmented into:
On the basis of packaging type, the cigarette packaging market is segmented into:
Cigarette Packaging Market: Regional Outlook
Out of total cigarettes produced in the world, one third are manufactured by China National Tobacco Corporation. That makes Asia-Pacific largest market for production as well as consumption of cigarette packaging. The reasons for surge in tobacco market is use of technology in production and most importantly the rising disposable income of the growing middle class in Asia. The growth drivers makes Asia-Pacific most lucrative market for cigarette packaging in the world, as a result of rising forecast for the coming decade.
Countries like Zimbabwe and Brazil which are totally dependent on their tobacco production, are also set to witness a considerable growth over the coming years for cigarettes as well as its packaging market. In the North American region, USA is presenting a growing trend, due to increase in consumption of non-smoking tobacco and due to rise in demand and consumption of e-cigarettes. Some global organizations are actively voicing against harmful effects smoking causes to the lungs and human body, despite of that a flooded rise in number of global smokers in males as well as females is recorded. Future growth projections for whole global cigarette packaging market are growing in volumes at large, also the region wise for each part of the world is staggering and also anticipated to grow further.
Cigarette Packaging Market: Key Players
Major players manufacturing cigarette packaging are Sonoco Product Company, Innovia Films, Reynolds American Corporation, WestRock, Philip Morris International Inc., Mondi Group, ITC, Amcor Ltd., Novelis, British American Tobacco, The International Paper Company, Smurfit Kappa Group PLC, Japan Tobacco International, Bihlmaier Gmbh, Mayr-Melnhof Packaging International GmbH.
The report cigarette packaging market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging market segments and geographies.
Regional Analysis Includes-
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- A detailed overview of parent market
- Changing cigarette packaging market dynamics in the industry
- In-depth cigarette packaging market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the cigarette packaging market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.