Global Demand for Tobacco Packaging Set to Shoot-Up in Coming Years


Posted October 14, 2020 by ManishBaghel

According to the findings of the WHO, “1 billion people used the almost 6 trillion cigarettes manufactured in 2019”. The other key factor fueling the requirement for paper and paperboard materials is their eco-friendliness.
 
The rising consumption of various tobacco-based products such as smokeless tobacco, shisha/water pipes, cigarettes, cigars, and bidis is fueling the demand for tobacco packaging across the world. These products contain the psychoactive mood-altering chemical called nicotine, which stimulates the release of a mood-enhancing chemical called dopamine in the body. This brain chemical causes the sensation of pleasure and relaxation, thereby reducing stress. According to many reports, stress is one of the major factors responsible for tobacco-addiction in people around the world. It is mainly caused because of the rising work pressure and toxic work culture prevalent in many countries across the world.

Due to the above-mentioned factors, the global tobacco packaging market reached a valuation of $19,134.6 million in 2019 and is expected to progress at a CAGR of 3.7% between 2020 and 2030. Plastics, metals, wood, and paper are the most widely used types of tobacco packaging materials. Amongst these, paper will experience the highest usage in the coming years. This is because people usually prefer using paper for packaging cigarettes over the other materials. Moreover, cigarettes are the most heavily consumed tobacco-based products all over the world.

According to the findings of the WHO, “1 billion people used the almost 6 trillion cigarettes manufactured in 2019”. The other key factor fueling the requirement for paper and paperboard materials is their eco-friendliness. Based on packaging type, the tobacco packaging market is divided into primary and secondary. Of these, the primary category is predicted to demonstrate faster growth in the market in the forthcoming years. This is ascribed to the easier removability of the primary packaging than the secondary packaging.

Additionally, the better aesthetics and higher utility provided by this packaging method is boosting its popularity throughout the world. Globally, the tobacco packaging market will exhibit the highest growth in the Asia-Pacific (APAC) region in the coming years, according to the findings of P&S Intelligence, a market research firm based in India. China will lead the market in the upcoming years, owing to the presence of a large population of smokers in the country.

For more info visit: https://www.psmarketresearch.com/market-analysis/tobacco-packaging-market-report/report-sample
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Issued By Manish Kumar
Business Address Noida
Country India
Categories Business , Research , Services
Tags tobacco packaging market , tobacco packaging market demand , tobacco packaging market future , tobacco packaging market growth , tobacco packaging market scope , tobacco packaging market share , tobacco packaging market size , tobacco packaging market trends
Last Updated October 14, 2020