According to a market report by Lucintel, the future of the global tobacco packaging market looks promising with opportunities in the the smoking tobacco, smokeless tobacco, and raw tobacco markets. The global tobacco packaging market is expected to reach an estimated $23.0 billion by 2030 from $17.6 billion in 2023, at a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are increasing rates of urbanization, peopleÄX%$%Xs busy schedules and workloads, young cigarette consumption, and the development of sophisticated printing technologies.
A more than 150-page report to understand trends, opportunity and forecast in tobacco packaging market to 2030 by type (primary, secondary, and bulk), material (paper, paper boxes, plastic, jute, and others), end use (smoking tobacco, smokeless tobacco, raw tobacco, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that secondary will remain the largest segment over the forecast period due to rising cigarette consumption in social settings and innovative cigarette box demand.
APAC is expected to witness highest growth over the forecast period due to rising levels of stress in the workplace and rising cigarette consumption among women in this region.
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Amcor, Innovia Films, WestRock, ITC, Mondi, Altria, Ardagh, British American Tobacco, Reynolds American, Philip Morris are the major suppliers in the tobacco packaging market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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