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Market Size in USD Billion
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USD 1,201.75 Million |
| USD 1,709.01 Million | |
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Global Cigar Packaging Market, By Material (Paperboards, Paper Boxes, Plastic, Jute, Metal, Others), Type (Primary Packaging, Secondary Packaging, Bulk Packaging) – Industry Trends and Forecast to 2029
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Market Analysis and Size
The market growth can be attributed due to the inclination of customers toward cigars over cigarettes and other recreational smokes. The packaging enhances and protects the quality and flavour of the product from deterioration and aroma transmission during transportation. Paperboards, foils, laminates, etc., are the most common cigar packaging materials available in the market. Commercial or bulk packaging of cigar includes slides and bundle wraps and flexible packaging in a variety of form.
Data Bridge Market Research analyses that the cigar packaging market was valued at USD 1201.75 million in 2021 and is expected to reach USD 1709.01 million by 2029, registering a CAGR of 4.50 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Material (Paperboards, Paper Boxes, Plastic, Jute, Metal, Others), Type (Primary Packaging, Secondary Packaging, Bulk Packaging)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Amcor Plc (Switzerland), Innovia Films (U.K.), WestRock (U.S.), ITC (India), Mondi (South Africa), Altria Group Inc.(U.S.), Ardagh Group S.A (Luxembourg), British American Tobacco (U.K.), Reynolds American Corporation (U.S.), Philip Morris International Inc. (U.S.), China National Tobacco Corporation(China), Innova Films (UK), International Paper(US), Japan Tobacco International (Switzerland), Siegwark Druckfarben Ag & Co (Germany), Merck KGaA (Germany), Sonoco Products Company (US), Smurfit Kappa (Ireland), Oracle Packaging (India), Novelis (U.S.)
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Market Opportunities
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Market Definition
Cigar is the roll of tobacco for smoking which consists of cut tobacco filler in a binder leaf with a wrapper leaf that has rolled spirally around the bunch. The wrapper leaf is the most expensive leaf which is used in cigars, elastic, silky in texture, must be strong, and even in colour; it must have a pleasant flavor and good burning properties. Cigar packaging is a unique packaging where manufacturers can only print the brand name in a mandated font, size, and place. They are not allowed to use the company’s logo, colour, image, or trademarks. Additionally, they have to add mandated health warning and toxic constituents on the packaging.
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The rise in the adoption of the western lifestyle, Cigar manufacturers are targeting young males with flavoured cigars, which is expected to increase the demand for cigar packaging.
Increasing urbanization and augmented popularity of cigar among the youth are the main factor driving the growth of the cigar packaging market. Moreover, stressful lives, along with increased hectic schedule and workload, are also enhancing the consumption of cigar among the working population
Lifestyles of the people changing dramatically overall the globe. It’s not considered as taboo for women to smoke, especially in growing countries, which are also projected to drive the market growth rate of cigar packaging market.
Opportunities
The impact of pandemic, disposable income, and no recreational activity is encouraging the customers to consume cigars in their free time, which increase the demand of packaging material for cigar, thereby auxiliary the growth in the sales of the product and hence, the growth of the cigar packaging market in the upcoming years.
Flexible packaging is mainly gain traction in a cigar packaging material owing to improve the cost-effectiveness and barrier assets. The publisher analyse that the global cigar packaging market show moderate growth during the forecast period
The companies have been forced to get produce creative and innovative product for marketing and serve to the public. They have also produce effective product which reduce the overall price of these products at the unit level will act as market drivers and further increase beneficial opportunities for the market's growth rate.
Restraints/ Challenges
However, strict rule and regulations in some countries and a ban on numerous marketing methods for cigar products are limiting the growth of the global cigar packaging market. More ever, Companies in the cigar packaging market will have to develop safer products. These businesses will have to become creative in their marketing efforts because including attractive packaging, traditional advertising ways, are being expelled, which are the major restraints that will obstruct growth of the market.
This cigar packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the cigar packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
As per many surveys, consumers projected to quit smoking due to concerns about their health risks during COVID-19, this ran to augmented cigar smoking. This is attributed to consumers being unable to divert their minds to other things, eventually which is leading to spending more money and time on their smoking habits. On the other hand, the flavored Cigar market has quickly attained pre-COVID levels. A healthy growth rate is anticipated during the forecast period driven by the economic recovery in most of the evolving nations. However, due to anticipated third and other waves, unparalleled conditions generate a gloomy outlook.
The cigar packaging market is segmented on the basis of material and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Material
Type
The cigar packaging market is analysed and market size insights and trends are provided by country, type and material as referenced above.
The countries covered in the cigar packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the cigar packaging market in terms of revenue market and market share and will continue to flourish its dominance during the forecast period. This is due to the rising demand for cigar packaging in this region. The Asia-Pacific region dominates the cigar packaging market, with China leading the way in terms of cigar consumption. Due to the ease of consuming cigars, China is leading the Asia-Pacific market.
During the projected period, North America is expected to be the fastest developing region due to the rising demand of cigar packaging in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The cigar packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cigar packaging market.
Some of the major players operating in the cigar packaging market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Cigar Packaging Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Cigar Packaging Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.