Tobacco Packaging Market 2025 Global Leading Players, Business Overview, Size Estimation and Revenue Tobacco Packaging Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast.
The global tobacco packaging market is estimated to reach USD 21.7 billion by 2025, according to a new report by Million Insights. The market is estimated to grow at a CAGR of 3.3% during the forecast period. Increasing demand for cigarette and tobacco products from young consumers is the key factor driving market growth. Further, the rise in the number of female smokers is positively affecting the market growth. The rise in tobacco consumption in China is anticipated to provide a lucrative opportunity for overall market growth. Chewing tobacco along with smokeless tobacco is gaining traction in China, which, in turn, is proliferating the demand for packaging products. Further, the growing popularity of flavored tobacco among millennials is positively driving the market growth.
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Among different packaging types, secondary packaging occupied the largest market share, in 2018. The growing trend of cigar and cigarette consumption in social gatherings is fueling the growth of this segment. Furthermore, the increasing popularity of premium tobacco products among millennials is positively influencing the market growth. In addition, the growing number of cigar lounges in emerging countries is likely to drive the tobacco packaging market during the forecast years, 2019 to 2025.