According to a market report by Lucintel, the future of the tobacco packaging market in the US looks promising with opportunities in the smoking tobacco, smokeless tobacco, and raw tobacco markets. The major drivers for this market are rise in per capita income, stressful lifestyles, and rise in cigarette consumption by female smokers.
In this market, primary, secondary, and bulk are the major packaging types. Secondary packaging is expected to remain the largest segment over the forecast period due to increasing consumption of cigarettes in social gatherings and rise in demand for innovative cigarette boxes.
Within the tobacco packaging market, paper boxes, paper, plastic, jute, and others are the major material types. Paper box segment is expected to witness the highest growth over the forecast period as they are environment-friendly and cost-effective and due to rising concern towards the non-biodegradable nature of plastic and metal packaging.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the tobacco packaging market in the US by type, material type, and end use industry and has compiled a comprehensive research report titled “Growth Opportunities for the Tobacco Packaging Market in the US 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the tobacco packaging market in the US by type, material type, and end use industry as follows:
By Type [$ Million Shipment Analysis from 2015 to 2026]:
By Material Type [$ Million Shipment Analysis from 2015 to 2026]:
Paper
Paper Boxes
Plastics
Jute
Others
By End Use Industry [$ Million Shipment Analysis from 2015 to 2026]:
Smoking Tobacco
Smokeless Tobacco
Raw Tobacco
A more than 50 pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.