The Tobacco Packaging Market size is estimated to grow from USD 14.27 Billion in 2017 to USD 16.65 Billion by 2022, at a CAGR of 3.1%.

Browse 161 market data tables and 33 figures spread through 162 pages and in-depth TOC on "Tobacco Packaging Market by Material (Paper, Paper Boxes, Plastic, Jute), Type (Primary, Secondary, Bulk), End Use (Smoking Tobacco, Smokeless Tobacco, Raw Tobacco), and Region - Global Forecast to 2022".

Click to Speak to Analyst for Tobacco Packaging Market insights

The key players in the tobacco packaging market are Amcor Limited (Australia), Innovia Films (U.K.), WestRock (U.S.), ITC Limited (India), Mondi Group (South Africa), Altria Group (U.S.), Ardagh Group. (Luxemburg), British American Tobacco p.l.c. (U.K.), Reynolds American Inc. (U.S.), and Philip Morris International Inc. (U.S.). These players have adopted various strategies to expand their global presence and increase their market share. Mergers & acquisitions, expansions, new product launches, partnerships, divestitures, and joint ventures are some of the major strategies adopted by the market players to achieve growth in the tobacco packaging market.

The year 2016 witnessed several joint ventures and acquisitions in the tobacco packaging market by key players, in order to expand their geographical footprint and improve their distribution networks through the means of organic and inorganic growth strategies. In September 2016, Amcor acquired Aluprint’s (U.S.) tobacco packaging plant in Monterrey, Mexico worth USD 40 Million.

Amcor Limited (Australia), one of the top players in the packaging industry aims to maintain its position in the market through acquisitions. In the last few years, Amcor Limited has entered into various significant supply agreements, acquired companies, expanded production facilities, and launched new products to expand its presence in the tobacco packaging market.

In September 2015, Amcor Tobacco Packaging acquired Souza Cruz’s internal tobacco packaging operations located in Cachoeirinha, Rio Grande do Sul, Brazil. This acquisition helped the company to achieve sales of approximately USD 56 Million and would strengthen the company’s presence in Latin America. Moreover, Amcor acquired select printing assets of AGI-Shorewood’s Tobacco Packaging (U.S.) and Specialty Folding Carton Operations for USD 114.8 Million.

Download PDF Brochure @ http://bit.ly/2WEbA5Z

WestRock (U.S.) expanded its presence through various strategic developments such as joint ventures and acquisitions. WestRock signed an agreement to acquire Multi Packaging Solutions (U.S.) for USD 18.00 per share. This transaction enhanced WestRock’s position as a leading provider of differentiated paper and packaging solutions. Moreover, in May 2016 WestRock announced the formation of a joint venture with Grupo Gondi (Mexico). This joint venture was brought into effect to combine their paper and packaging operations in Mexico.

For more Info Visit Blog: https://chemicalsresearchmarket.wordpress.com/blog/

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact MarketsandMarkets™:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]