Tobacco is a plant belonging to the Solanacae or nightshade plant family. Tobacco is generally used for smoking and chewing as it acts as a stimulant due to its high nicotine content. Tobacco packaging industry involves packaging of dried tobacco leaves used for making bidis, cigarettes, smokeless tobacco, cigars, dissolvable tobacco and shishas or water pipes. Packaging enhances and protects tobacco products from external impacts during transportation. Cigarettes are one of the most widely used tobacco products which consist of delicately cut tobacco leaves rolled in lean paper.. Cigars on the other hand are larger in size and do not necessarily contain a filter. Bidis are made by hand rolling of loose tobacco in tendu leaves. Smokeless tobacco is used as a snuff for chewing or dipping. Materials used for primary tobacco packaging include films, boards, cartons, foils, paper, laminates and membranes. Bulk or commercial tobacco packaging employs use of hinge-lid cartons, bundle wraps, shells and slides. Cigarette production currently has the largest share in the tobacco packaging market.
The demand for tobacco packaging is driven by increased global cigarette production. Increased population and per capita income in developing countries has resulted in changing lifestyles, increased workload, and stress especially in urban areas. To manage stress and weight issues, people are getting inclined towards the use of stimulants and anti-depressants, cigarettes being one of them. Furthermore, cigarettes have become a huge attraction amongst the youth population which has also led to an increase in its consumption. Currently, different production technologies are being used for tobacco packaging including hot-foil stamping and rotogravure & offset printing. However, tobacco is a highly carcinogenic substance. Consumption of tobacco products can lead to mouth cancer and respiratory disorders. Increased consumer awareness and regulations imposed by the World Health Organisation (W.H.O.) might hinder the growth of tobacco packaging market. Currently, to reduce the ill effects of tobacco, it is now been mixed along with cloves and green tea leaves to produce herbal cigarettes.
In terms of the global demand, Asia Pacific is expected to show the fastest growth in tobacco packaging market followed by rest of the world regions, by 2020. China is currently the largest tobacco & cigarette manufacturer as well as exporter. Owing to a continuous increase in cigarette consumption, China is likely to lead the international markets by the end of forecast period. The other Asia Pacific countries including India, Japan and South Korea are anticipated to show a similar scenario by 2020. Considering rest of the world region, the Middle East is likely to show an increased demand for tobacco packaging by the end of forecast period, due to traditional use of shishas or water pipes. The economies of countries such as Brazil and Zimbabwe are currently dependent on tobacco production. Hence, these countries are estimated to show a steadfast growth in demand for tobacco production, packaging and exporting by 2020. Europe is currently one of the leading cigarette exporters, wherein Germany and France are top cigarette manufacturing countries. However, due to the present situation of economic slowdown and heavy government taxations & regulations, a decline in demand for tobacco packaging is anticipated over the coming years. Considering North America region, an overall decreased rate in domestic cigarette consumption has occurred over the past few years. Thus, a stagnant growth in demand for tobacco packaging is expected by 2020.
Some of the key players in the tobacco packaging market include Amcor Limited, Innova Films Limited, China National Tobacco Corporation, ITC Limited and Phillip Morris International, Inc.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.