Asia-Pacific Tobacco Packaging Market – Share, Outlook, Trends, Size and Forecast (2024 – 2032)

Tobacco is mainly used for the manufacture of cigar and cigarette smoking, which further causes several health issues namely lung cancer, heart attack and damages the liver. Tobacco may be defined as the product that is being prepared by curing the leaves of the tobacco plant, which is a part of the genus Nicotiana and Solanaceae family. Alkaloid nicotine and harmala alkaloids are the major contents present in the tobacco. In Cigarettes, cigars, pipe tobacco and flavoured shisha tobacco, the major component used is the dried tobacco leaves. According to the World Health Organization, tobacco causes about 6 million deaths owing to the presence of nicotine drug, in a year.

Asia Pacific Tobacco Packaging Market Segments Size & Growth:

Asia Pacific Tobacco Packaging Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. The major factors that propel the growth of the Asia Pacific Tobacco Packaging Market are Rise in disposable income, equality laws have promoted smoking against women, increasing the importance of packaging for advertising, packaging and stressful lifestyles distinguish the appearance of the product are the key factors that are driving the market growth. However, Strict laws on cigarette packaging and increasing awareness about health hazards of smoking are the main factors that are hindering the growth of the market. On the other hand, technological advancements have promoted innovative packaging the opportunity that drives the market growth during the forecast period.

Asia Pacific Tobacco Packaging Market Segments Share:

Asia Pacific Tobacco Packaging Market is segmented by the type which further consists of primary, secondary and bulk. Among these segments, secondary segment contributes the largest market share and is anticipated to grow at the highest CAGR during the forecast period owing to the increase in consumption of cigarettes in social gatherings and rise in demand for innovative cigarette boxes. By material, the market is segmented into paper, plastic, paper boxes, jute, and others. In which, paper box packaging segment is anticipated to have the largest market growth in the coming years owing to the rising issues regarding the non-biodegradable nature of plastic and metal packaging, paper box packaging, which is majorly preferred by the manufacturers and also paper box packaging is a developing trend in the packaging market owing to its features include environment-friendly and cost-effective and also gaining popularity in many regions. By product, the market is categorised into cigarette, cigars, and others. By Geography, Asia Pacific contributes the largest market share owing to the factors including growing stress I work life and rising demand for cigarettes among women. China and Japan are anticipated to have contributed the largest market growth owing to the rapid economic expansion, growing population in these countries produces a large number of customers for tobacco products.

Asia Pacific Tobacco Packaging Market Trends:

• ITC pioneered the cultivation and development of Leaf Tobaccos in India. Nearly a century of creating customer delight ensures that globally, ITC’s Leaf Tobacco business is synonymous with being “The One Stop Shop for Quality Indian Tobaccos”.

• Amcor Tobacco Packaging announced that it had completed the acquisition of Souza Cruz’s internal tobacco packaging operations located in Cachoeirinha, Rio Grande do Sul, Brazil.

• WestRock Company announced that it had completed its acquisition of substantially all of the assets of Plymouth Packaging, Inc., which is a corrugated packaging company that derives approximately 70% of its sales from its “Box on Demand” systems and corrugated fanfold, and 30% from traditional corrugated box packaging.

Asia Pacific Tobacco Packaging Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Asia Pacific Tobacco Packaging Market are:

• Amcor Limited
• Innovia Films Ltd
• Westrock Company
• Mondi Group
• ITC Limited

Along with these companies, there were many other companies considered/cited in the report while analysing the Asia Pacific Tobacco Packaging Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.