The cigarette filters market revolves around producing and distributing filters designed for use in cigarettes. These filters, typically made from materials such as cellulose acetate, aim to reduce the inhalation of harmful substances while smoking. They contribute to the smoking experience by trapping tar and other particles. The market responds to the tobacco industry's focus on harm reduction and consumer preferences for filtered smoking products, playing a significant role in the production and innovation of cigarette-related accessories.
Data Bridge Market Research analyses that the Global Cigarette Filters Market which was USD 35.69 billion by 2022 and is expected to reach USD 61.32 billion by 2030, at a CAGR of 7.00% during the forecast period of 2023 to 2030.
"High addiction to smoking cigarettes drives the market growth"
The escalating prevalence of cigarette smoking among adults and children has propelled the growth of the cigarette filter market. These filters, employed to diminish tobacco strength and mitigate health risks, are increasingly sought after. The surge in e-cigarette usage has additionally fueled the demand for cigarette filters, reflecting a growing user base. This upward trend is anticipated to persist, resulting in an increased demand for cigarette filters throughout the forecast period, driven by the evolving landscape of tobacco consumption.
What restraints the growth of the global cigarette filters market?
" Stringent regulations associated with tobacco consumption hamper the market growth"
Stringent regulations surrounding tobacco consumption present considerable challenges to the cigarette filters market. Governments globally have enforced strict measures regulating advertising, packaging, and public smoking to discourage tobacco use and prioritize public health. The diminishing popularity of smoking, coupled with heightened awareness of associated health risks, poses obstacles to the growth and profitability of the cigarette filters market.
Segmentation: Global Cigarette Filters Market
The global cigarette filters market is segmented on the basis of material, product, filter type, price point, application, and distribution channel.
- On the basis of material, the global cigarette filters market is segmented into cellulose fiber, and plastic
- On the basis of product, the global cigarette filters market is segmented disposable, and re-usable
- On the basis of filter type, the global cigarette filters market is segmented into regular filter, and specialty filter
- On the basis of price point, the global cigarette filters market is segmented into premium, medium, and economy
- On the basis of application, the global cigarette filters market is segmented into standard cigarette, and e-cigarette
- On the basis of distribution channel, the global cigarette filters market is segmented into online distribution channel, and offline distribution channel.
Regional Insights: Asia-Pacific dominates the Global Cigarette Filters Market
Asia-Pacific dominates the global cigarette filters market, securing a dominant market share and revenue. The rising number of smokers, particularly in China, fuels the demand for cigarette filters, accentuated by the preference for flavored tips.
North America is expected to dominate the global cigarette filters market as the e-cigarette market gains popularity over traditional alternatives. Shifting consumer preferences toward e-cigarettes propels market expansion in the region.
Recent Developments: Global Cigarette Filters Market
- In June 2020, Eastman Chemical Company was honored with the Project of the Year award for its recycling innovation, boosting sales through the introduction of new products to the market
- In June 2020, Celanese Corporation entered a technology licensing agreement for the acetic acid route to acrylic acid, enhancing revenue and expanding the business's customer base
To know more about the study, visit https://www.databridgemarketresearch.com/reports/global-cigarette-filters-market
The Prominent Key Players Operating in the Global Cigarette Filters Market Include:
- Eastman Chemical Company (U.S.)
- Daicel Corporation (Japan)
- Celanese Corporation (U.S.)
- Mitsubishi Chemical Holdings Corporation (Japan)
- Sappi (South Africa)
- Rayonier Advanced Materials, Inc (U.S.)
- Tobacco Tactics (China)
- Sichuan Push Acetati Co., Ltd., (China)
- Cerdia International GmbH (Switzerland)
- Tokyo Pipe Co.,Ltd. (Japan)
- Yuri Gagarin PLC (Bulgaria)
- SwissQualityPaper AG (Switzerland)
- ARD Filters Inc (U.A.E.)
- Nemuno banga (Lithuania)
- Denicotea (Deutschland)
- Hind Filters Private Limited (India)
Above are the key players covered in the report, to know about more and exhaustive list of global cigarette filters market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Cigarette Filters Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
