DUBLIN--(BUSINESS WIRE)--May 16, 2018--The "Global Tobacco Packaging Market - Packaging Type (Metal, Paper-boxes, Flexible Packaging), Product, and Geography - Growth, Trends, and Forecast (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

The Global Tobacco Packaging Market was valued at USD 15.17 billion in 2017, and is expected to reach a value of USD 18.38 billion by 2023, at a CAGR of 3.21%, during the forecast period (2018-2023). The scope of the market covers primary, as well as bulk packaging.

The growth of the tobacco packaging market, globally, can be attributed to the growing demand for cigarettes in Asia-Pacific, as a growing population characterizes the region, with a significant amount of young adults, and middle-aged people, consuming tobacco. Europe, on the other hand, is witnessing tough legislative environment, which is a tangible threat to the tobacco packaging market.

Key Highlights

Inclination Towards Flexible Packaging Increasing Importance of Packaging for Advertising

Key Developments in the Market

January 2018 - Amcor had pledged to develop all its packaging to be recyclable, or reusable by 2025. And, also planned to focus on significantly increasing its use of recycled materials, and driving consistently more recycling of packaging around the world. This commitment is aimed at establishing the company, as a leader in recyclable packaging. September 2017 - Japan Tobacco Group completed the acquisition of assets related to the tobacco business of Mighty Corporation. The acquisition is in line with JT Group's geographic expansion for sustainable growth. Further, it provides a nationwide distribution network in the Philippines, and strengthens the company's brand portfolio, as well as its local brands.

Companies Mentioned

Amcor Limited Innova Films China National Tobacco Corporation ITC Limited Phillip Morris International Inc. International Paper Siegwark Druckfarben AG & Co KGaA WestRock Company Sonoco Products Company Siegwerk Smurfit Kappa Group PLC Mondi Group Reynolds Group Japan Tobacco International Oracle Packaging

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Middle East & Africa

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Future of the Tobacco Packaging Market

For more information about this report visit https://www.researchandmarkets.com/research/xhktz7/global_tobacco?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180516005938/en/

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Related Topics:Plastic Packaging,Paper and Board Packaging,Metal Packaging

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING PACKAGING RETAIL TOBACCO

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/16/2018 10:40 AM/DISC: 05/16/2018 10:40 AM

http://www.businesswire.com/news/home/20180516005938/en