North America Tobacco Packaging Market – Growth & Forecast (2024

North America Tobacco Packaging Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Packaging protects the products of tobacco during the time of transportation from the external issues. The most widely used tobacco product is cigarette which consists of tobacco leaves that is being stuffed in a thin paper. 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. 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. According to the World Health Organization, tobacco causes about 6 million deaths owing to the presence of nicotine drug, in a year.

North America Tobacco Packaging Market Segments Size & Growth:

North America 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 North America 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

North America Tobacco Packaging Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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.

North America Tobacco Packaging Market Segments Share:

North America 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. From material, the market is segmented into the 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, the market is segmented into various regions namely U.S., Canada, and Mexico.

North America Tobacco Packaging Market Trends:

Ardagh Direct has launched its program for wineries west of the Rockies. This expansion of Ardagh Direct provides food and

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North America Tobacco Packaging Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

beverage companies of all sizes, located throughout North America.

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.

North America 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 North America Tobacco Packaging Market are:

Amcor Limited
Innovia Films Ltd
Westrock Company
Mondi Group
Ardagh Group

Along with these companies, there were many other companies considered/cited in the report while analysing the North America 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.

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