Global Tobacco Paper Market was estimated to be US$ 1,210.52 Mn in 2018 and is expected to reach US$ 1,564.76 Mn by 2029 growing at a CAGR of 2.5% over the Forecast Period Owing to The Popularity of Roll-your-own Cigarettes, says Absolute Markets Insights. The global Tobacco Paper Market is expected to gain significant lift with the escalation in the popularity of roll-your own (RYO) cigarettes, especially among millennials. Cheap cost associated with RYO products, sometimes including the rolling papers or cigarette tubes as compared to the factory-made cigarettes is among the major driving factors propelling the Tobacco Paper Market. Increasing adoption of electronic cigarettes, especially among teens is presumed to hamper the growth of tobacco paper market. However, stringent regulations mandated by the government regulatory bodies on limiting or restricting the sale of flavored electronic cigarettes is pushing electronic cigarette smokers to switch from their smoking methods to RYO smoking practices. For instance, in 2018, the U.S. Food and Drug Administration (FDA) restricted the sale of flavored electronic cigarettes in retail stores and gas stations with an aim to decrease the prevalence of vaping. This resulted in the shifting preferences of electronic smokers towards RYO smoking methods as the RYO products are comparatively cheaper as compared to traditional methods of smoking.
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The detailed research study provides qualitative and quantitative analysis of global tobacco paper market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further across all the major countries. The supply side analysis covers the major market players and their regional and global presence and strategies. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Key Findings of the Report:
- In terms of revenue, global Tobacco Paper Market was evaluated at US$ 1,210.52 Mn in 2017 and is expected to reach US$ 1,564.76 Mn by 2029, growing at a CAGR of 2.5%.
- On the basis of weight, 10 gsm – 25 gsm accounted for the largest market share in 2018. However, 25 gsm & above is expected to grow at the fastest rate over the forecast period.On the basis of material, wood pulp segment accounted for the largest market share in 2018. However, hemp segment is projected to be evaluated as fastest growing market by 2029.
- Some of the players operating in the global tobacco paper Bukit Muria Jaya, Delfortgroup AG, Glatz Feinpapiere, Hangzhou Huafeng Paper Co., Ltd., Mudanjiang Hengfeng Paper Co., Ltd., Republic Technologies (UK) Ltd, Schweitzer-Mauduit International, Inc., and The Rolling Paper Company amongst others.
Global Tobacco Paper Market:
By Weight
- Up to 10 gsm
- 10 gsm – 25 gsm
- 25 gsm & above
By Material
- Hemp
- Wood Pulp
- Rice
- Flax
- Linen
- Sisal
By Paper Grade
- Cigarette Tissue
- Plug Wrap Paper
- Tipping Base Paper
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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