Cigar Packaging Market Industry Analysis, Key Vendors, Opportunity and Forecast To 2029
The market growth can be attributed due to
the inclination of customers toward cigars over cigarettes and other
recreational smokes. 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 2023 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.
Market Analysis and
Insights
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.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.
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Cigar Packaging Market Scope
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. 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.
Material
·
Paperboards
·
Paper Boxes
·
Plastic
·
Jute
·
Metal
·
Others
Type
·
Primary Packaging,
·
Secondary Packaging,
·
Bulk Packaging
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Cigar Packaging Market Country Level
Analysis
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. 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.
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 countries covered in the nuts
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.
Major TOC of the Cigar
Packaging Market Report
Chapter One:
CHAPTER ONE - MARKET SEGEMENTATION
CHAPTER TWO - EXECUTIVE SUMMARY
CHAPTER THREE - PREMIUM INSIGHTS
CHAPTER FOUR - MARKET OVERVIEW
Browse The Table of Contents And
List of Figures https://www.databridgemarketresearch.com/toc/?dbmr=global-cigar-packaging-market
Competitive Landscape and Cigar
Packaging Market Share Analysis
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.
The major players covered in the Military Truck
Market report are
·
Amcor Plc (Switzerland)
·
Innovia Films (U.K.)
·
ITC (India)
·
Mondi (UK)
·
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)
·
International Paper(US)
·
Japan Tobacco International (Switzerland)
·
Siegwark Druckfarben Ag & Co KGaA (Germany)
·
Merck KGaA (Germany)
·
Smurfit Kappa (Ireland)
·
Oracle Packaging (India)
·
Novelis (U.S.)
·
WestRock Company (US)
·
Conitex Sonoco (US)
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