Pune, India -- (SBWIRE) -- 04/02/2018 -- Market Research Future published a research report on "Global Tobacco Packaging Market Research Report- Forecast 2021" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2021.

Amcor, Innovia Films, ITC, International Paper, Philips Morris International, China National Tobacco Corporation, Siegwerk Druckfarben AG & Co. KGaA and others are some of the prominent players at the forefront of competition in the global Tobacco Packaging market and are profiled in MRFR Analysis.

Commenting on the report, an analyst from Market Research Future (MRFR)'s team said: "Over the past few years, the tobacco packaging manufacturers have seen a substantial growth in the global market due to the rapid increasing in the number of smokers and it has been anticipated that the market growth will remain continue during the forecast period. The demand for tobaccos such as cigarettes, cigar, beedis and other products has increased significantly which has resulted in increasing growth of tobacco packaging. The other driving factors include growing population, technological advancements, changing life styles and increasing popularity of cigarettes. On the other hand, the government initiatives for organizing anti-tobacco campaigns and diseases caused by tobacco are hindering the growth of global market. Introducing of E-Cigarette is one of the major trend in the global tobacco packaging market. Geographically, Asia-Pacific is expected to be the leading market followed by other regions."

Commenting on the report, an analyst from Market Research Future (MRFR)'s team said: "the popularity of cigarettes and cigar has become one of the major growth factor in the global market. Countries such as China, India and Unites States have the largest number of smokers across the globe which is likely to be the major reason for increasing production."

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Tobacco Packaging Market – Competitive Analysis

Tobacco Packaging Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. Some of the key players in the tobacco packaging market include Amcor Limited, Innova Films Limited, China National Tobacco Corporation, ITC Limited and Phillip Morris International, Inc.

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.

The regulations come in to force on 14 March 2018, meaning that all cigarettes and tobacco products will need to be in brown/green-coloured packaging, with enlarged health warnings and brand names in a plain standardised font. The Government has introduced these regulations as part of its aspirational goal to reduce the appeal of tobacco products and smoking, particularly for children and young people and see region 'Smoke free' by 2025

Tobacco Packaging Market – Segments

For the convenience of the report and enhanced understanding; The Tobacco Packaging Market is segmented in to 3key dynamics

Segmentation By product types- Cigarette, Cigar, and Others

Segmentation By Materials - paper box, films and others

Segmentation by Regions- Comprises regions - North America, Europe, APAC and Rest of the World.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Tobacco Packaging Market – Regional Analysis

The global Tobacco Packaging market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Asia Pacific is expected to show the fastest growth in tobacco packaging market. China is currently the largest tobacco & cigarette manufacturer as well as exporter. Owing to a continuous increase in cigarette consumption, China is likely to lead the international markets by the end of forecast period. Moreover, demand for tobacco packaging is driven by increased global cigarette production. Increased population and per capita income in developing countries has resulted in changing lifestyles, increased workload, and stress especially in urban areas.

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