Tobacco Packaging Market Size| COVID-19 Impact, is expected to grow at USD 16.65 Billion by 2023
Tobacco Packaging Market Size| COVID-19 Impact, is expected to grow at USD 16.65 Billion by 2023
(firmenpresse) - Tobacco Packaging Market Size Insights
Packaging plays a vital role in providing consumers about the contents and health hazards they should keep in mind before consumption. Due to the hazardous effects of overconsumption of tobacco, many governments across the globe have made it mandatory for packaging to reflect the dangers of consuming tobacco.
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Key Players
WestRock (U.S.)
ITC (India)
Reynolds American Corporation (U.S.)
Sonoco (U.S.)
Innovia Films (U.K)
Philip Morris International Inc. (U.S.)
Mondi Group (South Africa)
British American Tobacco (U.K)
Amcor Ltd. (Australia), and Novelis (U.S.).
Market Segmentation
The global Tobacco Packaging Market Size has been segmented in MRFR's report on the basis of material, type, end-use, and region. Material used in tobacco packaging has been broadly segmented into film, jute, plastic, and paper box. Research indicates that the paper box packaging segment is likely to thrive due to its eco-friendly and cost-effective attributes.
Types of tobacco packaging have been segmented into secondary, primary, and bulk. Secondary packaging has the largest market share is expected to grow with the most significant CAGR during the review period.
End-use has been segmented to include raw tobacco, smoking tobacco, and smokeless tobacco.
Industry Overview
Many cigarette manufacturing companies have developed niche brands appealing to women. However, the growing awareness of death and illness due to tobacco consumption and stringent regulations imposed by government is restricting the growth of the market.
Regional Analysis
Regions covered in the global Tobacco Packaging Market Size report include the Americas, Asia Pacific, Europe, and the Middle East and Africa. Some of the leading economies that inspire growth for the Tobacco Packaging Market Size include China, India, the U.S, Brazil, and South Korea. These countries are among the top tobacco manufacturing countries across the globe with China alone producing roughly 2.8 million metric tonnes of tobacco. China and India have some of the highest numbers of smokers due to the presence of a massive population and the presence of a large number of youth in these countries. Brazil and certain African countries are growing as tobacco products and are growing as participating countries in the market.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Datum: 25.06.2020 - 08:11 Uhr
Sprache: Deutsch
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Kategorie:
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Typ of Press Release: Product
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Date of sending: 25/6/2020
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