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".

Request a report Sample @ http://bit.ly/2WHkmAa

The tobacco packaging market is witnessing considerable growth due to the rise in per capita income and stressful lifestyles. Equality laws for women have developed a new market for female smokers, which is another key factor fueling the growth. Tobacco packaging has come across new opportunities due to the growth in population and the technological advancements.

On the basis of material, the tobacco packaging market is segmented into paper boxes, paper, plastic, jute, and others. The paper box packaging segment is expected to have a high growth rate during the forecast period. Paper box packaging is a developing trend in the packaging industry.

It is environment-friendly and cost-effective, and is hence gaining popularity in many regions. Due to the rising issues regarding the non-biodegradable nature of plastic and metal packaging, paper box packaging is highly preferred by manufacturers.

On the basis of type, the tobacco packaging market is segmented into primary, secondary, and bulk. The secondary segment accounted for the largest share in 2016 and is also projected to grow at the highest CAGR over the next five years. Increase in consumption of cigarettes in social gatherings and rise in demand for innovative cigarette boxes have boosted the market for secondary packaging.

In 2016, the Asia-Pacific market accounted for the largest share of the global tobacco packaging market, followed by Europe and North America. Factors such as the growing stress in work life and rising demand for cigarettes among women have contributed to the growth in demand for tobacco packaging.

In addition to this, the growing population in these countries presents 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 demand for tobacco products, subsequently driving the tobacco packaging market.

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

The global market for tobacco packaging is dominated by large players such as Amcor Ltd. (Australia), Innovia Films (U.K.), WestRock (U.S.), ITC (India), Mondi Group (South Africa), Altria Group (U.S.), Ardagh Group (U.S.), British American Tobacco (U.K.), Reynolds American Corporation (U.S.), and Philip Morris International Inc. (U.S.). These companies adopted various strategies such as mergers & acquisitions, expansions, new product launches, partnerships, divestitures, and joint ventures to strengthen their position in the market. Majorly adopted strategy by key players was mergers & acquisition.

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]