The global tobacco paper market has witnessed substantial growth in recent years and is expected to continue on its upward trajectory, according to a comprehensive report by Fairfield Market Research. In 2022, the market size exceeded US$1.2 billion and is forecasted to reach an impressive US$2 billion by 2030, with a moderate compound annual growth rate (CAGR) of 4.2% anticipated over the period from 2023 to 2030.
Expanding Opportunities and Challenges
The tobacco paper industry is on the verge of expansion, driven by investments in safer practices and the introduction of innovative products. However, challenges such as a lack of awareness may hinder market growth during the forecast period.
In 2022, the pulp category dominated the market, reflecting the increasing demand for environmentally friendly products as global environmental concerns rise. Manufacturers are placing a strong emphasis on producing environmentally friendly tobacco paper.
Market Dominance and Trends
Cigarette tissue paper is expected to dominate the global market share for tobacco paper due to its use in preventing the inhalation of harmful substances and reducing nicotine consumption in cigarettes. This segment covers and packages tobacco in cigarette tissue.
The 10 - 25 gsm category held the largest market share in 2022, catering to consumers who prefer light and ultra-lightweight sheets for roll-your-own (RYO) tobacco paper, commonly used for hand-rolled cigarettes and cannabis joints.
Regional Insights
Europe is predicted to maintain its position as the largest market for tobacco paper, driven by a significant smoking population and the popularity of roll-your-own tobacco in countries such as Spain, Italy, and the United Kingdom.
The Asia Pacific region is experiencing rapid market growth due to increasing disposable income, a growing population, and the popularity of tobacco products, particularly in countries like India and China.
Growth Determinants
Several key factors are contributing to the growth of the global tobacco paper market, including:
- Growing Cigarette Smokers in Low-income Socioeconomic Groups: Lower-income groups tend to have higher smoking rates, driving demand for tobacco paper.
- Increasing Disposable Income: Rising incomes make cigarette consumption more affordable, further fueling the market.
- Indirect Marketing: Despite marketing restrictions, the tobacco industry indirectly promotes its products, leading to increased demand for tobacco paper.
Barriers to Growth
However, there are challenges that could impede market growth:
- Massive Demand for Electronic Cigarettes: The growing popularity of electronic cigarettes is limiting the market as they are marketed as safer alternatives.
- Increased Health Concerns: Awareness of health risks associated with tobacco use is limiting the market's potential.
Key Trends and Opportunities
Key trends and opportunities in the market include the popularity of roll-your-own cigarettes, the demand for eco-friendly tobacco papers, and the legalization of cannabis, which is expected to boost the demand for tobacco paper.
Regulatory Scenario
Various countries, including the US, Canada, India, China, and ASEAN nations, have implemented strict regulations on the marketing of tobacco products to address health concerns.
Leading Companies
Leading companies in the global tobacco paper market include Bukit Muria Jaya, GlatzFeinpapiere, Schweitzer-Mauduit International Inc., Delfort Group AG, Hangzhou Huafeng Paper Co. Ltd., Richer Paper Co. Ltd., The Rolling Paper Company, Mudanjiang Hengfeng Paper Co. Ltd., Republic Technologies (UK) Ltd, Miquel Y Costas, Pura Group, Glatz Group, NIPPON PAPER PAPYLIA Co. Ltd., Zomo Paper, Greenlane Holdings, Inc.
Global Tobacco Papers Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Raw Material Coverage, By Paper Type Coverage, By Weight Coverage, By Geographic Coverage and By Company):
https://www.fairfieldmarketresearch.com/report/tobacco-paper-market
Our Related Reports:
Tobacco Papers Market
https://www.linkedin.com/pulse/tobacco-paper-market-trends-size-analysis-forecast-chhavi-rajawat-gr0mf
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA (Toll-free) +1 (844) 3829746
Web: https://www.fairfieldmarketresearch.com/
Email: [email protected]
Comments