The report "Tobacco Packaging Market by Material
(Paper, Paper Boxes, Plastic, Jute), Type (Primary, Secondary, Bulk), End Use
(Smoking Tobacco, Smokeless Tobacco, Raw Tobacco), and Region - Global Forecast
to 2022", The tobacco packaging market size is estimated
to grow from USD 14.27 Billion in 2017 to USD 16.65 Billion by 2022, at a CAGR
of 3.1%.
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Browse 161 market
data tables and 33 figures spread through 162 pages and in-depth TOC on "Tobacco Packaging Market by Material (Paper,
Paper Boxes, Plastic, Jute), Type (Primary, Secondary, Bulk), End Use (Smoking
Tobacco, Smokeless Tobacco, Raw Tobacco), and Region - Global Forecast to
2022"
“The Asia-Pacific tobacco packaging market
held the largest market share in 2016”
Countries such as China and Japan are
expected to witness high growth in the tobacco packaging market due to rapid economic
expansion. In addition to this, the growing population in these countries
presents a huge customer base for tobacco products, which in turn is expected
to drive the tobacco packaging market The rising trade of tobacco in the region
drives the demand for tobacco products, subsequently driving the tobacco
packaging market.
The global market for tobacco packaging is dominated by large players such as Amcor Ltd. (Australia), Innovia Films (U.K.), WestRock (U.S.), ITC (India), Mondi Group (South Africa), Altria Group (U.S.), Ardagh Group (U.S.), British American Tobacco (U.K.), Reynolds American Corporation (U.S.), and Philip Morris International Inc. (U.S.).
Amcor Limited (Australia), one of the
top players in the packaging industry aims to maintain its position in the
market through acquisitions. In the last few years, Amcor Limited has entered
into various significant supply agreements, acquired companies, expanded
production facilities, and launched new products to expand its presence in the
tobacco packaging market.
In September 2015, Amcor Tobacco
Packaging acquired Souza Cruz’s internal tobacco packaging operations located
in Cachoeirinha, Rio Grande do Sul, Brazil. This acquisition helped the company
to achieve sales of approximately USD 56 Million and would strengthen the
company’s presence in Latin America. Moreover, Amcor acquired select printing
assets of AGI-Shorewood’s Tobacco Packaging (U.S.) and Specialty Folding Carton
Operations for USD 114.8 Million.
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WestRock (U.S.) expanded its presence
through various strategic developments such as joint ventures and acquisitions.
WestRock signed an agreement to acquire Multi Packaging Solutions (U.S.) for
USD 18.00 per share. This transaction enhanced WestRock’s position as a leading
provider of differentiated paper and packaging solutions. Moreover, in May 2016
WestRock announced the formation of a joint venture with Grupo Gondi (Mexico).
This joint venture was brought into effect to combine their paper and packaging
operations in Mexico.
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