Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global Luxury Tobacco Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.2% during the review period (2022 to 2027)
The market for tobacco packaging is likely to grow from USD 14.27 Billion in 2017 to reach USD 16.65 Billion by 2022, at a CAGR of 4.2%. The base year careful for the study is 2016 and the market size is projected from 2020 to 2027.The Luxury Tobacco Packaging Market Forecast Report provides details analysis of Luxury Tobacco Packaging industry which will quicken your business. Luxury Tobacco Packaging market report covers the current state of business and the growth forecasts of the universal Luxury Tobacco Packaging Market. The Luxury Tobacco Packaging market report lists the leading participants and provides the Industry negative and tests, Growth possible analysis of the main subjects inducing the market.
Tobacco packaging protects and improves the flavour and value of the tobacco from decay and corrosion during transport. Paper-boxes, paperboards, plastic based films, laminates, jute bags, metal cans, foils, are the most widely used tobacco packing things in the market. Majority and gainful packing of tobacco includes various types of packaging such as shells, hinge-lid containers, bundle wraps, slides and several types of flexible packaging material such as shrink sleeves, flip top packs, stand-up pouches, and three-sided closure bags. With the rise in the demand for tobacco products the market for tobacco packing market is likely to grow over the forecast period.
The Luxury Tobacco Packaging Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market includes Amcor, WestRock, Shenzhen Jinjia Group CO.,LTD., Shantou Dongfeng Printing Co., Ltd., Siegwerk, MM PACKAGING, ITC Limited, Brilliant Circle Holdings International Limited, Sichuan Jinshi Technology Co.,Ltd., Jinye Grope, Energy New Materials Group, Innovia Films(CCL), Shenzhen Yuto Packaging Technology Co.,ltd., Treofan Group, Guizhou Yongji Printing Co., Ltd., Taghleef Industries Group, SIBUR (Biaxplen), Anhui Genuine New Materials Co.,Ltd., Guangdong New Grand Long Packing Co.,Ltd., TCPL Packaging Ltd, Egem Ambalaj and others.
Apr 14, 2015 :Amcor completes Tobacco Packaging acquisition in Brazil
Souza Cruz is majority-owned by British American Tobacco plc and is the market leader in the Brazilian cigarette market. The investment is supported by a long-term supply contract between Amcor and Souza Cruz and the business is expected to achieve annual sales of approximately BRL 200 million (US$ 56 million).
25-3-2022 :TCPL Packing informed the investors and exchanges through its regulatory filing, that the company has made capacity addition, by installing the second line at its Flexible Packaging unit located at Silvassa consisting of Rotogravure Making Press and other ancillary equipment.
The company also informed that TCPL Inn films Private Limited, a wholly-owned subsidiary of the Company, has started trial production of its Polyethylene (PE) blown film line at Silvassa.
By Type, it is segmented into
By Applications it is segmented into
In 2016, the Asia-Pacific market reported for the largest share of the global tobacco packaging market, followed by Europe and North America. Issues such as the growing stress in work life and rising demand for cigarettes amongst women have paid to the growth in request for tobacco packaging. In adding to this, the cumulative people in these countries gifts a large customer base for tobacco products, which in turn is expected to drive the tobacco packaging market The rising trade of tobacco in the region drives the request for tobacco products, subsequently driving the tobacco packaging market.,
Scope of the Report covers Luxury Tobacco Packaging Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Luxury Tobacco Packaging Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Forecast Period 2022 to 2028 CAGR
CAGR of 4.2% during the review period (2022 to 2027).
WestRock, Shenzhen Jinjia Group CO.,LTD., Shantou Dongfeng Printing Co., Ltd., Siegwerk, MM PACKAGING, ITC Limited, Brilliant Circle Holdings International Limited,
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
How much is the tobacco packaging market worth?
Fortune Business Visions says that the global tobacco packaging market size was USD 16.15 billion in 2020 and is likely to reach USD 20.45 billion by 2027.
What was the value of the global market in 2019?
In 2019, the market value stood at USD 16.15 billion.
What is the key factor driving the market?
Rising demand for smokeless tobacco products including snuff, gutka, gum, and chewing tobacco in advanced countries is the key factor driving the market.
Which factors are expected to drive the market?
Cumulative demand for HTUs along with increasing use of the packaging as a medium for product promotion are few factors supportive the growth of the market.
What is the leading segment in the tobacco packaging industry?
The paperboard segment is expected to be the leading segment in this market during the forecast period.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.