Growth of global tobacco packaging market until 2022

03 July 2017

According to a report by MarketsandMarkets (M&M), the global tobacco packaging market size is estimated to grow from USD 14.27 Billion in 2017 to USD 16.65 Billion by 2022, at a CAGR of 3.1%. The market is dominated by large players such as Amcor Ltd, Innovia Films, WestRock, ITC, Mondi Group, Altria Group, Ardagh Group, British American Tobacco, Reynolds American Corporation and Philip Morris International Inc.
Countries such as China and Japan are expected to witness high growth in market due to rapid economic expansion. In addition to this, the growing population in these countries presents a huge customer base for tobacco products (Press Release M&M, 31 May 2017).
Click here for the press release.
Click here for more information about the report.

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