Global tobacco packaging market 2016-2020

In a new report Technavio's analysts forecast the global tobacco packaging market to grow at a moderate CAGR of over 2% during the period of 2016 to 2020. The market is growing steadily due to the introduction of many innovative solutions like new flavors, reduction in tar level, and the introduction of 64 mm cigarettes.
A major reason behind the growth is the end user’s rising demand for e-cigarettes. North America and Europe are the two major regions where the demand for e-cigarettes is high. The US is considered to be the largest market for e-cigarettes in the world as it accounts for 37% of the global e-cigarette market (Press Release Technavio, 16 March 2016).
Click here for the press release.
Click here for more information about the report.

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